Ferrari 512 (1993)

Estimated running costs and MOT pass rates from 34 MOT tests in 2024.

Annual Cost

£2,588

£216/month

MOT Pass Rate

94%

Excellent

Road Tax

£375

Estimated/year

Est. Insurance

Grp 35-50

4943cc Petrol

Great Choice

94% pass rate, £2,588/year to run. 12 points above average.

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Petrol4943cc33 years old34 tests18k miles avg

Annual Running Costs

Fuel (Petrol, 4943cc)

~30 mpg

£1,958

Road Tax

Pre-2001 engine size rate

£375

MOT Test

£55

Predicted Repairs

Low estimate due to excellent reliability

£200

Total per year£2,588

Per month£216/mo

Per week£50/wk

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

94% MOT pass rate(Excellent)

0%All-model avg: 82%100%

Excellent reliability. Very few MOT failures. That's 12 points above the average of 82% across all models in our data.

94% of MOT tests on Ferrari 512s from 1993 ended in a pass in 2024, when they were about 31 years old. That's based on 34 tests across the UK, retests included. The average mileage recorded at those tests was 17,871 miles.

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How Does It Compare?

Rank among 1993 models10th of 188(top 6%)

Rank among Ferrari models118th of 146(bottom 20%)

vs average of all models+12%(82% avg)

vs 1993 models average+18%(76% avg)

vs Ferrari average-2%(96% avg)

Mileage Analysis

17,871

Average miles

229,400

Expected for age

The average 1993 Ferrari 512 had 17,871 miles on the clock at its 2024 MOT, which is significantly below the expected 229,400 miles for a 31-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 512 by Year

Year	Pass Rate	Tests	Avg Mileage
1994	88%	34	28,306 mi
1993	94%	34	17,871 mi

Similar Cars to Consider

Mercedes SL

1995 · 4973cc Petrol

£2,738/year

85%

-9%

Jaguar XJS

1991 · 5343cc Petrol

£2,738/year

85%

-9%

TVR Chimaera

1994 · 4988cc Petrol

£2,738/year

83%

-11%

Mercedes 500

1991 · 4973cc Petrol

£2,738/year

87%

-7%

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About the 1993 Ferrari 512

The 1993 Ferrari 512 is a luxury car. Our records list a 4943cc petrol engine, though engines vary between versions. 34 MOT tests were recorded on this model in 2024, making it a rare model on UK roads. It ranks in the top 6% of all 1993 models for MOT pass rate.

With an average of 17,871 miles recorded at its 2024 MOT tests, Ferrari 512 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.

1993 Ferrari 512 Fuel Costs

The 4943cc 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 1993 Ferrari 512?

Total estimated annual running cost is £2,588 (£216/month), broken down as £1,958 fuel, £375 road tax, £55 MOT, and £200 predicted repairs. The low repair estimate reflects the excellent 94% pass rate. These cars rarely fail their MOT, so unexpected bills are less likely.

Buying a Used 1993 Ferrari 512

At 33 years old, the Ferrari 512 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 34 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 out

At 33 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 risk

Larger 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 out

At 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 out

Rubber 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 risk

Always 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 1993 Ferrari 512 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 512(1993)	94%	£1,958	£375	Grp 35-50	£2,588
Mercedes SL(1995)	85%	£1,958	£375	Grp 35-50	£2,738+£150
Jaguar XJS(1991)	85%	£1,958	£375	Grp 35-50	£2,738+£150
TVR Chimaera(1994)	83%	£1,958	£375	Grp 35-50	£2,738+£150
Mercedes 500(1991)	87%	£1,958	£375	Grp 35-50	£2,738+£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 1993 Ferrari 512

Is the 1993 Ferrari 512 reliable?

Excellent reliability. Very few MOT failures. 94% of MOT tests on 1993 Ferrari 512s ended in a pass, from 34 tests (DVSA MOT data for tests in 2024, retests included). That's 12 points above the average of 82% across all models in the same data.

How much does a 1993 Ferrari 512 cost to run?

Our estimate is £2,588 a year (£216 a month): £1,958 fuel, £375 road tax, £55 MOT and £200 predicted repairs, based on 7,400 miles a year. Insurance is not included.

What is the MOT pass rate for a 1993 Ferrari 512?

94% of 34 MOT tests on the 1993 Ferrari 512 ended in a pass (DVSA MOT data for tests in 2024, retests included). That ranks it 10th of 188 models first registered in 1993 (top 6%).

What is the average mileage for a 1993 Ferrari 512?

The average mileage recorded at MOT tests on the 1993 Ferrari 512 is 17,871 miles, which is significantly below the expected 229,400 miles for a 31-year-old car. Low-mileage examples may have spent time sitting unused, so check for issues like corroded brakes or perished rubber seals.