Ferrari F40

Ferrari F40 Buyer's Guide

Buying Tips & Things to Look for When Buying An F40 Supercar

Here’s a comprehensive buyer’s guide for the Ferrari F40, focusing on what to look for when evaluating this iconic supercar, potential maintenance concerns, and its value as an investment.

1. Condition of the Body and Chassis

The Ferrari F40’s body is made primarily of lightweight materials like carbon fiber, Kevlar, and aluminum, which are sensitive to damage and require special attention:

• Carbon Fiber Panels: Inspect the panels for any signs of damage, fading, or delamination, particularly on the front and rear sections and around the door frames. Carbon fiber repairs can be costly, and damaged panels may affect the car’s value.

• Kevlar Undertray: The F40’s undertray is made of Kevlar, which is durable but can wear or crack over time, especially if the car has been driven aggressively. Repairs here can be challenging and require expert knowledge.

• Panel Gaps: Ensure that the body panel gaps are even and consistent. Misaligned panels can indicate prior repairs or chassis issues, which may affect the car’s value and structural integrity.

2. Engine and Turbocharger Health

The F40’s twin-turbocharged 2.9-liter V8 engine delivers thrilling performance but also demands meticulous care:

• Service History: Look for a well-documented service history with regular maintenance by Ferrari specialists. A lack of consistent servicing, especially oil and coolant changes, can lead to performance issues.

• Turbochargers: Turbo wear is common if the car has seen spirited driving, so ask when the turbos were last serviced or replaced. Listen for any unusual whistling or rattling sounds on acceleration, as these may signal turbocharger wear.

• Timing Belts: The F40 uses timing belts that require regular replacement, generally every 3-5 years. Verify when the belts were last changed, as a failure can lead to costly engine damage.

• Exhaust Manifold Cracks: The F40’s original exhaust manifolds are known to develop cracks over time. Inspect for any visible damage or exhaust leaks, which may require a replacement to maintain performance and safety.

3. Transmission and Clutch Condition

The F40 comes equipped with a five-speed gated manual transmission, known for its mechanical feel but sensitive to wear if not well maintained:

• Clutch Wear: The F40’s high-torque engine can be demanding on the clutch. Ask about the clutch’s service history and check for signs of slipping or juddering, which could indicate the need for replacement.

• Synchros: Due to the gated shifter design, synchro wear is common, particularly in second gear if the car was driven hard. Shifting through the gears during a test drive should feel smooth, without grinding or resistance.

• Gearbox Oil Changes: Gearbox oil should be replaced regularly to ensure smooth operation and minimize wear on the transmission components.

4. Suspension and Handling

The F40’s suspension is designed for high-performance driving but can suffer from wear and tear, especially if the car has been driven on track:

• Shock Absorbers: The F40’s suspension components, including the shock absorbers, are critical to handling. Check for leaks around the shocks and inspect them for wear. Replacement shocks are expensive, and some owners opt for upgraded components.

• Bushings and Ball Joints: Inspect the suspension bushings and ball joints for any signs of wear or cracking. Worn suspension components can lead to alignment issues and impact handling.

• Ride Height Adjustment: Some F40 models come with an optional ride height adjustment to prevent scraping. Verify its functionality, as it can be expensive to repair.

5. Brake Condition

The Ferrari F40 was one of the earliest supercars to feature a high-performance braking system, although it lacks modern electronic aids:

• Brake Pads and Rotors: Check the condition of the brake pads and rotors. Pads should have adequate life remaining, and rotors should be free from scoring or excessive wear.

• Brake Lines: Inspect for any leaks or signs of aging on the brake lines, especially if they are original. Some owners opt to replace them with braided lines for improved performance.

• Brake Fluid: Verify that the brake fluid has been changed regularly, as old fluid can affect braking performance.

6. Interior and Dashboard Condition

The F40’s interior is minimalistic, focused on performance rather than luxury, but signs of wear can impact its value:

• Seats and Upholstery: Check for wear or cracking on the seats and leather components, especially around the bolsters. While light wear is normal, excessive damage can impact the car’s desirability.

• Dashboard and Gauges: The F40’s dashboard can suffer from warping or fading over time, especially if exposed to sunlight. Ensure that all gauges and switches work correctly.

• Pedals and Shifter Wear: Look for wear on the pedals and gated shifter. Excessive wear may indicate hard use, which could impact other mechanical components as well.

7. Originality and Provenance

For collectors, an F40’s value increases significantly when it has original parts and a documented history:

• Matching Numbers: Verify that the engine and transmission numbers match the original records, as a matching-numbers car is much more valuable.

• Original Components: Check for factory-original components, including wheels, exhaust, and bodywork. Avoid F40s with aftermarket modifications, as originality is key for collectors.

• Service Records: Full documentation from Ferrari-authorized service centers adds to an F40’s value. Ideally, service records should be complete, showing regular maintenance and any repairs.

8. Desirability and Future Investment Potential

The Ferrari F40 is one of the most desirable cars in Ferrari’s history and holds strong investment potential due to its rarity and iconic status. Here’s what to consider:

• Rarity and Legacy: Only 1,311 F40s were produced, making it one of Ferrari’s most exclusive models. As part of Ferrari’s “Big Five” supercars, its place in automotive history is firmly established, appealing to collectors and enthusiasts alike.

• Market Value: Prices for F40s have consistently appreciated over time, with well-maintained, low-mileage models commanding millions of dollars. The value of the F40 is expected to continue rising, making it a promising long-term investment.

• Condition and Originality Impact on Value: Collectors favor F40s in excellent, original condition, with no modifications or significant restorations. Low-mileage cars with complete service records and no accident history will always fetch premium prices.

• Early Production vs. Later Models: Some collectors value early European-spec models from 1987-88, as these are closer to the original design and lack some of the emissions equipment found in later models. These variants may command higher prices, especially in Europe.

9. Cost of Ownership

While the F40 can be a valuable investment, maintaining it is essential to preserve its condition and value:

• Maintenance Costs: Routine maintenance on the F40 is expensive, particularly when performed by Ferrari specialists. Expect regular costs for oil changes, belt replacements, and fluid changes.

• Storage and Insurance: Due to its high value and exotic materials, the F40 should be stored in a climate-controlled environment to protect it from damage. Insurance premiums can be substantial given the car’s performance capabilities and market value.

Conclusion

Purchasing a Ferrari F40 is a significant investment that goes beyond the initial cost. When evaluating an F40, prioritize originality, mechanical condition, and documentation. Focus on models with a documented service history, minimal wear, and original components to ensure you’re getting an F40 that will not only hold its value but also deliver the thrilling driving experience Ferrari intended.