• Would you be interested in owning a Ferrari F430 for only $8 per hour?

Even if we squeezed out every penny from our bank accounts, a lot of us still wouldn’t come close to buying a Ferrari. But suppose there was a way to "own" a Prancing Horse without having to dig deep in your pockets. Would you be interested in such a venture?

Jointli.com has come up with a new way of staking claim to a Ferrari with the idea of "shared ownership." What this means is that instead of leasing a Ferrari outright, you can actually reduce your costs by sharing a Ferrari with other customers.

How does it work? According to Jointli.com, a used 2009 Ferrari F430 will cost you around $175,000. Add all the utilities and maintenance you need to spend on and you’re looking at a cost of ownership of $380 per day.

Compare that to when you’re splitting costs with three other owners with the premise that each owner gets to spend a week with the F430 and that cost drastically cuts down to about $95 per day. Now, for every party to recoup their investment, shared ownership of the F430 will only last one year, at which point, the car is theoretically sold for $165,000 , which will then be divided by four.

So if you really look at it, shared ownership of a Ferrari is the most economical way to say that you have an Italian supercar at your disposal, even if you could only say that for seven days a month. The caveat is finding three other owners that not only wouldn’t mind sharing the supercar with you, but also take care of it the same way you would.

There’s certainly a lot of risk with this arrangement. But if it means paying only $8 an hour to "co-own" a Ferrari F430, it’s a risk a lot of people wouldn’t mind making.


Source: Jointli

Kirby Garlitos
Kirby Garlitos
Automotive Aftermarket Expert - kirby@topspeed.com
Kirby’s first exposure into the world of automobiles happened when he caught Knight Rider on television as a five-year old boy. David Hasselhoff didn’t leave much of an impression on him (that happened later on in Baywatch), but KITT certainly did. To this day, Kirby remains convinced that he will one day own a car with the same ‘spirit’ as the original KITT (not the 2008 monstrosity). He doesn't know when that will be, but until then, he’s committed to expressing his love for KITT, and all cars for that matter, here at TopSpeed.  Read full bio
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