FERRARI 512 (1994)
Running costs, reliability data, and common problems from 34 real MOT tests.
Annual Cost
£2,757
£230/month
MOT Pass Rate
88%
Good
Road Tax
£760
Based on CC/year
Insurance
Grp 35-50
4943cc Petrol
Solid Option
88% pass rate, £2757/year to run. 6 points above average.
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Annual Running Costs
~30 mpg
Based on 4943cc
Based on 7,400 miles/year (UK average), current fuel prices, and repair likelihood from MOT data. Insurance not included.
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Reliability Verdict
Good reliability. Occasional issues but generally solid. That's 6 points above the national average of 82%. It falls below the FERRARI brand average of 96%.
At 32 years old, 88% of FERRARI 512s from 1994 passed their MOT first time in 2026. That's based on 34 tests across the UK. The average mileage at this age is 28,306 miles.
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Mileage Analysis
28,306
Average miles
236,800
Expected for age
The average 1994 FERRARI 512 has 28,306 miles on the clock, which is significantly below the expected 236,800 miles for a 32-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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About the 1994 FERRARI 512
The 1994 FERRARI 512 is a luxury with a 4943cc petrol engine. 34 of these vehicles were MOT tested in 2026, making it a rare model on UK roads. It ranks in the top 13% of all 1994 cars for reliability.
With an average of 28,306 miles at 32 years old, 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.
1994 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 £1,592 per year at current petrol prices of 142p per litre (based on 7,400 miles per year).
What does it cost to own a 1994 FERRARI 512?
Total estimated annual running cost is £2,757 (£230/month), broken down as £1592 fuel, £760 road tax, £55 MOT, and £350 predicted repairs. Repair costs are moderate, reflecting the 88% pass rate. Keeping on top of servicing will help avoid surprises.
Buying a Used 1994 FERRARI 512
At 32 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
Based on the 1994 FERRARI 512's fuel type, age, and engine size, these are the most likely problem areas to check.
Timing Chain / Belt
Watch outAt 32 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 1994 FERRARI 512 stacks up against similar cars for annual running costs, insurance, and tax.
| Car | Pass Rate | Fuel/yr | Tax/yr | Insurance | Total/yr |
|---|---|---|---|---|---|
| FERRARI 512(1994) | 88% | £1592 | £760 | Grp 35-50 | £2757 |
| MERCEDES SL(1995) | 85% | £1592 | £250 | Grp 35-50 | £2247-£510 |
| TVR CHIMAERA(1994) | 83% | £1592 | £250 | Grp 35-50 | £2247-£510 |
| MERCEDES 500(1993) | 85% | £1592 | £250 | Grp 35-50 | £2247-£510 |
| TVR GRIFFITH 500(1995) | 90% | £1592 | £250 | Grp 35-50 | £2097-£660 |
Estimates based on 7,400 miles/year, current fuel prices, and MOT data. Insurance groups are indicative. Actual costs vary by driver, location, and usage.
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