How Much Does A Ferrari Cost in 2021, And What Is The Average Price?

Ferrari is known for making beautiful but expensive cars, and often people think you have to be ultra-wealthy to buy one. I’m not wealthy and I have been fortunate to have owned five Ferraris over time. But how much does a Ferrari cost to buy a Ferrari nowadays?

These are the latest prices of Ferraris in dollars.

The cheapest Ferrari is the Ferrari Portofino M and has a base price of $215,000, while the most expensive model currently available is the Ferrari Monza SP1 or SP2 which will cost a cool $1.8m!

Is the Monza SP2 really 8 times the car of the Portofino M? We will come to that in a bit, but first let’s look at the average price again. All is not what it seems!

The average price of a Ferrari

Although you can enter Ferrari ownership with the Portofino M or Roma, the average price of a new Ferrari is actually significantly more at $634k. This number is skewed by the cost of the Ferrari Monza SP1 & Monza SP2 which each cost $1.8m. So by removing these we see the average price drop to a more acceptable $343k.

Most of the cars that Ferrari sell are at the bottom of the price range, with the cheaper cars fitted with the more economical V8 engines. The more expensive cars have a V12, something we may sadly see the end of with the move to greener power. 

It should also be noted that the cheaper cars sell in much higher numbers than the more expensive cars. This might seem obvious, but the more expensive cars like the SP1 & SP2 are limited to 500 cars apiece. The Roma on the other hand is limited only to how many can be made each year.

But Ferrari is in no rush to increase car production to meet demand. They make only 8,400 cars each year, compared to Porsche who makes 250,000 cars. That’s why Ferrari can keep the prices high because if you want one, you’ll have to wait!

The cheapest Ferrari Vs the most expensive Ferrari

As I mentioned earlier the Ferrari Portofino M is the cheapest in the range and starts at $215,000. In contrast, the Ferrari Monza SP2 is the most expensive in the range and sells for $1.8m. 

To the uninitiated, the two cars may appear to be quite similar. Both are made by Ferrari, are front-engined, and are open top. Same design brief you might think.

But that is where their similarities end. The Ferrari Portofino M is a 612 hp 3.9L V8 twin-turbocharged car capable of being used every day. It accelerates to 100km/h in just 3.45 seconds and will reach a top speed of 199mph. 

It also has all the comforts you would expect including touchscreen navigation, a luxurious interior, Advance Driver Assistance making it easier and safer to drive, and heated seats if you want it. It even has rear seats for the kids!

The Ferrari Monza SP2 in comparison is not remotely similar. It is an open-top with no roof. That makes it completely unusable in something like rain. Presumably, this also means you don’t need air conditioning. 

But it doesn’t end there. There is no windscreen. So now not only will you get drenched by rain, but also pelted with every bug you are hurtling towards. A helmet is more than advisable. It’s mandatory!

You might be thinking that at least it’s practical and has two seats. Unfortunately, you won’t be able to see much of the face of your passenger though as there is a pillar that runs in between the two seats. 

I’m not selling it very well but the Ferrari Monza SP2 is one hell of a car. The retro looks and open-air feeling deliver an experience that the Portofino M simply was never designed for. The Monza is designed to thrill, not to drop the kids to school.

Performance-wise the Ferrari Monza SP2 is in a different league. The engine is a naturally aspirated V12 delivering 799 bhp from a 6.5L block. No turbochargers insight. 0-100km/h is achieved in a mere 2.9 seconds.

The top speed is only 186 mph, 13 mph less than the Portofino M you might think. But remember with no windscreen and no roof, do you really want to go faster?

But one of the biggest drivers of the price is also exclusivity. By the time the Ferrari Portifono production ends there will probably well over 15,000 cars made. There will only be 499 Ferrari Monza SP2s made, and the same number of SP1s. 

Exclusivity also means low or no depreciation. You are unlikely to come across another on the road, and chances are the price will always go up.

The cars in the Ferrari model range

As mentioned there are currently 10 cars in the Ferrari model range, with an 11th launching this year. Let’s run through and look at the selection.

1. Ferrari Portofino M

Ferrari Portofino Exterior

Ferrari Portofino Interior

Why the name: Ferrari have a habit of naming their cars after famous places in Italy, and Portofino is a coastal village on the Italian Rivera. It’s the perfect location to drop the roof and drive your open-top Ferrari. 

The M stands for Modificata and means modified in English. The car has recently been facelifted and so the current version is the modified version of the car.

Launched: The Ferrari Portofino was first launched in 2017, and the car was later upgraded in 2020. 

Engine & Performance: 3.9 L V8 twin-turbocharged engine – 0-100km/h in 3.5 seconds – Top speed of 199 mph.

Price: $215,000 starting price. Expect to pay a lot more with options.

What makes it special: Aside from being the entry model, the car is every bit of the Ferrari experience you would expect. But this is a performance car and not an exotic car, which means it is actually usable.

2. Ferrari Roma

Ferrari Roma Exterior

Ferrari Roma Interior

Why the name: The Roma is named after the infamous Italian city of Rome. Not only is it just as beautiful, but this is a car that can easily be used in the city on a daily basis. Quite an apt name.

Launched: The Ferrari Roma has only just been launched, and new car deliveries have now started. Expect to see a Roma M in around 2023.

Engine & Performance: 3.9L V8 twin-turbocharged engine – 0-100km/h in 3.4 seconds – Top speed of 199 mph.

Price: The car will set you back $222,620 for a base model, but the hardest part will be trying to find a Ferrari dealer to take your order.

What makes it special: On paper, this may seem like a coupe version of the Portofino, but do not be fooled. The transmission is borrowed from the mighty Ferrari SF90 Stradale, and the interior is unlike any Ferrari made before.

3. Ferrari F8 Tributo

Ferrari F8 Tributo Exterior

Ferrari F8 Tributo Interior

Why the name: The Tributo is a homage to the V8 Ferraris that came before. The quad rear lights take us back to the Ferrari 288 GTO and beyond. The Lexan rear window was previously seen on the Ferrari F40. 

Launched: The Ferrari F8 Tributo was first launched at the Geneva Motor Show in 2019, with deliveries starting in 2020.

Engine & Performance: 3.9L V8 twin-turbocharged engine – 0-100km/h in 2.9 seconds – Top speed of 211 mph. 

Price: The car is priced at $270,530 before options. Not many cars are as good looking as this!

What makes it special: The mid-engine V8 cars have always been what most people aspire to when it comes to Ferrari. This is what most people think when you think Ferrari.

4. Ferrari F8 Spider

Ferrari F8 Spider Exterior

Ferrari F8 Spider Interior

Why the name: F8 is short for the 8 cylinders in the engine, or V8 more specifically which has always been the engine of choice in mid-engined cars. Spider is the Italian designation for convertible or open-top cars.

Launched: The F8 Spider was launched in late 2019, with production cars starting to roll off in 2020.

Engine & Performance: 3.9L V8 twin-turbocharged engine – 0-100km/h in 2.8 seconds – Top speed of 211 mph. 

Price: A premium is charged for the Spider version of the Ferrari F8, and starts at $277,000. 

What makes it special: Very little can compete with the driving experience of a mid-engined Ferrari, especially with the roof open and the V8 howling just behind your head. For petrolheads, this is about as good as it gets!

5. Ferrari 812 Superfast

Ferrari 812 Superfast Exterior

Ferrari 812 Superfast Interior

Why the name: The eight in the 812 is for the insane 800 horsepower available under the right foot, while the twelve is for the 12 cylinders found in the engine. Superfast is a designation that was first used in 1964 on the Ferrari America 500 Superfast. This newer version clearly deserves the name.

Launched: The Ferrari 812 Superfast was launched in April 2017 and took the position as the leading Ferrari road car in the lineup. The V12 always has headed up the stable.

Engine & Performance: 6.5L V8 naturally aspirated engine – 0-100km/h in 2.8 seconds – Top speed of 211 mph. 

Price: V12 Ferraris are not cheap to buy or run, and this is no exception. The Ferrari 812 Superfast starts at $336,962 and goes up with options.

What makes it special: The Ferrari 812 Superfast is not an everyday supercar. It is an everyday hypercar. 800 horsepower is more than you will ever need outside of a racetrack, but Ferrari built this because they could build it. It’s insane, but that doesn’t mean you shouldn’t buy one.

6. Ferrari 812 GTS

Ferrari 812 GTS Exterior

Ferrari 812 GTS Interior

Why the name: The 812 is an 800 horsepower V12 monster for the road. But the GTS is made more special because the roof opens allowing the occupants to take in the environment too.

Launched: The Ferrari 812 GTS made its debut on 8th Sept 2019 and was hailed by Ferrari as the first Ferrari V12 spider for 50 years. They seem to have forgotten the 550, 575, and 599 open-top versions!

Engine & Performance: 6.5L V8 naturally aspirated engine – 0-100km/h in 2.9 seconds – Top speed of 211 mph. 

Price: The Ferrari 812 GTS is slightly more expensive than the coupe variant, with prices starting at $355,000. This represents a bit of a bargain since this will be significantly rarer than the coupe.

What makes it special: When you think Ferrari, chances are that you are teleported to an Italian coastal road with mountains on one side and sea on the other. There are few cars that are better to enjoy that than this open-top V12 Ferrari, with the exhaust note filling the cabin from above. Glorious. 

7. Ferrari SF90 Stradale

Ferrari SF90 Stradale Exterior

Ferrari SF90 Stradale Interior

Why the name: The Ferrari SF90 Stradale has a unique name for a road Ferrari. The SF is for Scuderia Ferrari which is the racing division of Ferrari, while 90 is to celebrate 90 years of Ferrari. The word Stradale means “made for the road”. This is a racing Ferrari, celebrating the 90th anniversary, made for the road.

Launched: The Ferrari SF90 Stradale was launched in the middle of the pandemic in May 2020. For such a significant car, the launch was a relatively low key event due to travel restrictions.

Engine & Performance: The Ferrari SF90 Stradale is fitted with 1 engine and 3 electric motors: 4L twin-turbocharged V8 engine, 2 electric motors at the front axle, and 1 electric motor at the transmission. 0-100km/h in 2.5 seconds, and Top Speed of 211 mph. 

Price: The starting price of the SF90 Stradale is $507,000, which for a hypercar Ferrari is actually not expensive.

What makes it special: Let’s give this car some perspective. The Ferrari SF90 is quicker than the LaFerrari, which may not be surprising since it is also 8 years newer. However, it’s the way the car deals with the power, the improved handling, all wrapped up in a compact body that makes it very special.

8. Ferrari SF90 Spider

Ferrari SF90 Spider Exterior

Ferrari SF90 Spider Interior

Why the name: The Ferrari SF90 Spider is a car that was launched to celebrate two things, the racing history and the anniversary. SF is short for Scuderia Ferrari or Ferrari racing stables, and this car is launched 90 years after Ferrari first started making cars. The Spider is the Italian designation for an open-top convertible.

Launched: Official launch has just taken place and first customer deliveries will be in Q2 2021. 

Engine & Performance: The performance of the Ferrari SF90 Spider is the same as the coupe model. It is fitted with a 4L twin-turbocharged V8 engine, 2 electric motors at the front axle, and 1 electric motor at the transmission. 0-100km/h in 2.5 seconds, and Top Speed of 211 mph. 

Price: The Ferrari SF90 Spider is more expensive than the coupe and starts at $558,000. If this seems expensive then consider that the LaFerrari Aperta is 5 years older, slower, and at least 6 times more expensive.

What makes it special: The Ferrari SF90 Spider is the future of open-top hypercars. It is futuristic with the 3 electric motors, yet is uncompromised in any way. If the world needs the automotive industry to change, Ferrari is doing a great job of adapting to the new world.

9. Ferrari Monza SP1

Ferrari Monza SP1 Exterior

Ferrari Monza SP1 Interior

Why the name: The Ferrari Monza SP1 takes its name from the famous Italian racetrack called Monza. Ferrari has a rich history associated with the track. “SP” stands for Special Projects and is a designation restricted to only the most exclusive cars to leave Maranello. The 1 here refers to the number of seats, fitted with only one for the driver only!

Launched: The Ferrari Monza SP1 was launched in 2018 with customer deliveries following in 2019.

Engine & Performance: Power is delivered from a 6.5L V8 naturally aspirated engine – 0-100km/h in 2.9 seconds – Top speed of 186 mph. 

Price: The price of the Ferrari Monza SP1 is a cool $1.8m. I say cool because the car has no windscreen, windows, or roof!

What makes it special: This is a modern take on a classic 1940s Ferrari race car. The completely open Barchetta style is unique in the modern era of motoring. But the SP1 is completely unique for another reason too, since the driver cannot have a passenger.

10. Ferrari Monza SP2

Ferrari Monza SP2 Exterior

Ferrari Monza SP2 Interior

Why the name: Like the SP1, The Ferrari Monza SP2 is named after the Monza race track with which Ferrari has a lot of history. The SP is short for Special Projects, and the 2 represents the number of seats in the car.  

Launched: The Ferrari Monza SP2 was launched in 2018, with the first customer deliveries starting in 2019.

Engine & Performance: Power is from a traditional 6.5L V8 naturally aspirated engine – 0-100km/h in 2.9 seconds – Top speed is limited to 186 mph due to the open nature of the car.

Price: The price of each car is $1.8m, with only 499 cars being made.

What makes it special: This is Ferrari’s modern take on a retro style, and Ferrari nailed it. It looks fast, it looks fun, and is unmistakably Ferrari. The two seats means a passenger can enjoy the experience, and the open-top means the jaunt to the South of France will be even more enjoyable. Just watch out for the bugs!

Which would I buy?

The one thing I love about Ferrari is every car in the lineup is different. If you consider what the McLaren’s line up looks like, they all look the same. As a car enthusiast even I cannot tell them apart! But each Ferrari is different. They look different and have different purposes. Line them all up and they all look unique, and yet all special.

Buying the Ferrari Roma is tempting. I think they have nailed the car, and the interior makes the rest of the range look outdated. They have almost done too good of a job in the design. But the car I would select over the others is the Ferrari SF90 Spider.

The SF90 is the future of Ferrari but available now. It’s Hybrid powered, and as quick as anything that Ferrari has ever made. Yet it is completely uncompromised with the new technology. It looks stunning and handles exceptionally well too.

Price-wise is a bit higher than the average price of a Ferrari, but you get so much more for your money. The hardest decision is not if to buy this, but what spec.