Ferrari 456 (1998)
Estimated running costs and MOT pass rates from 63 MOT tests in 2024.
Annual Cost
£2,738
£228/month
MOT Pass Rate
84%
Good
Road Tax
£375
Estimated/year
Est. Insurance
Grp 35-50
5474cc Petrol
Solid Option
84% pass rate, £2,738/year to run. Close to the average across all models.
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Annual Running Costs
~30 mpg
Pre-2001 engine size rate
Estimates based on 7,400 miles/year (UK average), petrol at 174.57p a litre (GOV.UK weekly average, week of 19 October 2026), GOV.UK road tax rates and repair likelihood from MOT data. Insurance not included.
Reliability Verdict
Good reliability. Occasional issues but generally solid. That's close to the average of 82% across all models in our data. It falls below the Ferrari brand average of 96%.
84% of MOT tests on Ferrari 456s from 1998 ended in a pass in 2024, when they were about 26 years old. That's based on 63 tests across the UK, retests included. The average mileage recorded at those tests was 44,343 miles.
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How Does It Compare?
Mileage Analysis
44,343
Average miles
192,400
Expected for age
The average 1998 Ferrari 456 had 44,343 miles on the clock at its 2024 MOT, which is significantly below the expected 192,400 miles for a 26-year-old car. Low-mileage examples may have spent time sitting unused, so check for issues like corroded brakes or perished rubber seals.
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Ferrari 456 by Year
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About the 1998 Ferrari 456
The 1998 Ferrari 456 is a luxury car. Our records list a 5474cc petrol engine, though engines vary between versions. 63 MOT tests were recorded on this model in 2024, making it a rare model on UK roads. It ranks in the top 19% of all 1998 models for MOT pass rate.
With an average of 44,343 miles recorded at its 2024 MOT tests, Ferrari 456 owners tend to use this car less than the typical driver. Very low mileage could mean the car has been garaged or used only for short trips, which can cause its own issues like battery drain and moisture buildup.
1998 Ferrari 456 Fuel Costs
The 5474cc petrol engine is on the larger side, so fuel won't be this car's strong point. Expect around 30 mpg in mixed driving, which works out to roughly £1,958 per year with petrol at 174.57p per litre (GOV.UK weekly average, week of 19 October 2026; based on 7,400 miles per year).
What does it cost to own a 1998 Ferrari 456?
Total estimated annual running cost is £2,738 (£228/month), broken down as £1,958 fuel, £375 road tax, £55 MOT, and £350 predicted repairs. Repair costs are moderate, reflecting the 84% pass rate. Keeping on top of servicing will help avoid surprises.
Buying a Used 1998 Ferrari 456
At 28 years old, the Ferrari 456 is firmly in budget territory. Purchase prices are low, but check for rust, worn suspension bushes, and electrical gremlins. A full service history is especially valuable at this age. Note: with only 63 tests in our data, these figures should be treated as indicative rather than definitive.
Common Issues to Watch For
These are typical issues for cars of this age, fuel type and engine size, not faults recorded on this model's MOT tests. Use them as a checklist when you view one.
Timing Chain / Belt
Watch outAt 28 years old, check whether the timing belt has been replaced (typically due every 5-7 years or 60,000-100,000 miles). A snapped belt can destroy the engine.
Oil Consumption
Medium riskLarger petrol engines can develop higher oil consumption as they age. Check the oil level and look for blue smoke from the exhaust.
Rust and Corrosion
Watch outAt 10+ years, check wheel arches, sills, subframe, and brake lines for rust. Structural corrosion is an MOT failure. Prevention is far cheaper than repair.
Suspension Bushings
Watch outRubber suspension bushes harden and crack with age, causing knocking noises and vague handling. A full refresh costs £300-£800 depending on the car.
Service History
Low riskAlways request a full service history. Regular servicing is the single best indicator of how well a car has been maintained, regardless of mileage.
Running Costs Compared
How the 1998 Ferrari 456 stacks up against similar cars for estimated annual running costs, insurance group, and tax.
| Car | Pass Rate | Fuel/yr | Tax/yr | Est. Ins. Group | Total/yr |
|---|---|---|---|---|---|
| Ferrari 456(1998) | 84% | £1,958 | £375 | Grp 35-50 | £2,738 |
| Mercedes CLK(2000) | 81% | £1,958 | £375 | Grp 35-50 | £2,738same |
| Aston Martin DB7(2000) | 89% | £1,958 | £375 | Grp 35-50 | £2,738same |
| Rolls-Royce Silver Seraph(1998) | 93% | £1,958 | £375 | Grp 35-50 | £2,588-£150 |
| TVR Griffith 500(1996) | 96% | £1,958 | £375 | Grp 35-50 | £2,588-£150 |
Estimates based on 7,400 miles/year, GOV.UK average pump prices for the week of 19 October 2026, GOV.UK road tax rates and MOT data. Insurance groups are our rough estimate from engine size, not official groups. Actual costs vary by driver, location, and usage.
Questions about the 1998 Ferrari 456
Is the 1998 Ferrari 456 reliable?
Good reliability. Occasional issues but generally solid. 84% of MOT tests on 1998 Ferrari 456s ended in a pass, from 63 tests (DVSA MOT data for tests in 2024, retests included). That's 2 points above the average of 82% across all models in the same data.
How much does a 1998 Ferrari 456 cost to run?
Our estimate is £2,738 a year (£228 a month): £1,958 fuel, £375 road tax, £55 MOT and £350 predicted repairs, based on 7,400 miles a year. Insurance is not included.
What is the MOT pass rate for a 1998 Ferrari 456?
84% of 63 MOT tests on the 1998 Ferrari 456 ended in a pass (DVSA MOT data for tests in 2024, retests included). That ranks it 61st of 325 models first registered in 1998 (top 19%).
What is the average mileage for a 1998 Ferrari 456?
The average mileage recorded at MOT tests on the 1998 Ferrari 456 is 44,343 miles, which is significantly below the expected 192,400 miles for a 26-year-old car. Low-mileage examples may have spent time sitting unused, so check for issues like corroded brakes or perished rubber seals.
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