Why Don't I Just Buy a Lexus LC500? The Philosophy Of Owning a Ferrari

Summary

The video discusses the ownership costs and experiences with a 2013 Ferrari F12 Berlinetta. It addresses comments on a previous video detailing a £99,000 repair bill. The host argues Ferraris are reasonably well built despite some quirks, acknowledging issues also occur with other luxury brands. He explains his personal philosophy on properly maintaining high-performance vehicles, wanting to treat the Ferrari well despite the expenses involved. The host remains enamored with the F12, considering it a special car worth the costs and frustrations of ownership.

Takeaways

• 😊 The video discusses costs of maintaining the host's 2013 Ferrari F12 Berlinetta
• 😮 The recent repair bill for the Ferrari totaled around £99,000
• 🤔 The high cost was due to fixing multiple issues while the car was already in the shop
• 😠 Many commenters criticized Ferrari build quality based on this experience
• 😌 The host doesn't think Ferraris are poorly built compared to other supercars
• 😐 Common issues like wheel speed sensors and stone chips don't indicate poor quality
• 🙄 There are some annoying Italian electrical quirks with the car
• 😕 Basic servicing for the Ferrari was around £2,000 which is not unreasonable
• 🤑 The host can afford the Ferrari through his YouTube business and sponsorships
• 👍 The host wants to properly maintain the Ferrari despite the high cost

Q & A

What was the initial issue with the Ferrari that led to the £99,000 bill?

The initial issue was a faulty wheel speed sensor that caused the car to be limited to 30 mph. This then led to additional work being done while the car was already in the garage.

How does the owner afford expensive cars like the Ferrari?

The owner makes money from YouTube, having done videos for some time, and also has sponsors that support the channel.

What is the owner's view on claims that Ferraris are poorly built?

He doesn't think this criticism is fair or true. While they may not be built like a Lexus, he believes that for the small production volumes, they are decently built and have never left him stranded.

What was the main cost involved in the £99,000 bill?

The paintwork correction to fix existing issues with the front bumper and doors cost approximately £32,000, accounting for a large portion of the total bill.

What are some of the owner's frustrations with the Ferrari?

There are some electrical quirks, like the radio cutting out when the rear defroster is turned on. Also, the radio presets don't always work properly when selecting stations.

How does the owner justify financing expensive cars?

He believes financing allows flexibility, in case he decides he doesn't want to keep a car very long. He can afford the monthly payments. Many wealthy car owners also finance expensive vehicles.

Why does the owner spend money maintaining his cars?

He doesn't want to leave the next owner with maintenance issues that weren't addressed. Past cars have cost him more when previous owners neglected issues.

How much did the standard servicing on the Ferrari cost?

The service itself was around £2,000 including a new auxiliary belt and tensioner pulley.

Would the owner consider replacing the Ferrari with a Lexus LC500?

He says the LC500 is a great car, but no match for the F12. However, finances may require selling the Ferrari in the future, in which case the LC500 would be top choice for a replacement.

What is the owner's philosophy on running exotic cars?

He wants to properly use and enjoy them rather than worrying about mileage limits or minor issues. Previous neglect by owners causes bigger problems.