Why are used Ferraris so cheap?
Because once a ferrari is five or more years old, and has say 20,000 miles on it, it’s already dropped 40–50% in value. Sometimes more. And unlike a toyota, it rarely has many miles on it — because most ferrari owners treat them like fine china. Garage queens. As compared to other exotic car brands, ferraris tend to hold their value well. Studies have shown that many ferrari models depreciate at a slower rate than other exotic cars of the same caliber. While some depreciation is expected in the first decade, most models stop depreciating after about 10 years.