Renting a Ferrari costs between $1,500 and $5,000 per day depending on the model, location, and rental company

A Ferrari rental is not a standard car rental. You are not walking into an airport counter and driving off in a red sports car within an hour. Most Ferrari rentals require advance booking (often weeks ahead), a substantial security deposit, proof of insurance, and a valid driver's license with a clean record. The daily rate covers the car itself, but fuel, insurance upgrades, mileage overages, and damage waivers are separate costs that can easily double your total expense.

The actual price depends on which Ferrari you want. A used F8 Tributo or 488 GTB typically rents for $1,500 to $2,500 per day. Newer models like the SF90 Stradale or the 296 GTB run $3,000 to $5,000 per day. Exotic car rental companies in major cities — Los Angeles, Miami, New York, Las Vegas — set their own rates, so calling three or four companies for quotes is standard practice.

Key Takeaways

  • Daily rental rates for a Ferrari range from $1,500 to $5,000 depending on the model year and location, and you must book weeks in advance through a specialty exotic car rental company.
  • Security deposits typically run $5,000 to $15,000, held on a credit card and released only after the car is returned undamaged and all charges are settled.
  • You are responsible for fuel, insurance deductibles (usually $2,500 to $5,000 per incident), and any mileage over the daily limit, which is often capped at 100 to 150 miles.
  • Most rental companies require a valid driver's license, proof of insurance, and a clean driving record with no accidents or violations in the past three to five years.
  • Damage to the car — even minor scratches — is charged at Ferrari service rates, which are substantially higher than standard body shop repairs.

What the Daily Rate Actually Covers

The quoted daily rate covers the car, basic insurance, and roadside information. It does not cover fuel — you return the car on empty and pay for what you used at rental company rates, which are typically 20 to 40 percent higher than pump prices. It does not cover mileage beyond your daily allowance. Most Ferrari rentals include 100 to 150 miles per day; anything beyond that costs $3 to $5 per mile.

Insurance is the biggest hidden cost. The rental company's basic coverage usually carries a $2,500 to $5,000 deductible per incident. You can buy down the deductible to $0 or $500, but that adds $300 to $800 to your daily rate. Your personal auto insurance almost certainly will not cover an exotic car rental, so you cannot skip this step. Call your insurance agent before booking to confirm they will not cover it — do not assume.

Security Deposits and What Triggers a Charge

Expect a security deposit of $5,000 to $15,000, held on your credit card for the duration of the rental plus 10 to 14 days after return. The deposit is released only after the car passes a detailed inspection and all charges (fuel, mileage, damage, late fees) are finalized. If the car has any damage — a scratch in the paint, a dent in the bumper, a chip in the windshield — you will be charged to repair it at a Ferrari dealership or authorized service center. A small scratch can cost $500 to $1,500. A bumper replacement can run $3,000 to $8,000.

Some rental companies offer damage waivers that reduce your liability to the deductible amount, but these are expensive — often $500 to $1,000 per day — and they typically exclude certain damage (undercarriage, wheels, interior stains). Read the waiver terms carefully. A $1,000 daily waiver on a three-day rental adds $3,000 to your cost, but it may be worth it if you are not confident in your driving or the roads you will use.

Booking Requirements and Lead Time

You cannot book a Ferrari rental on short notice. Most specialty companies require 2 to 4 weeks advance booking, and popular models during peak season (summer, holidays, special events) may require 6 to 8 weeks. You will need to provide a copy of your driver's license, proof of insurance, and sometimes a credit report authorization. Some companies run a background check or call your insurance company to verify coverage.

Your driver's license must be valid and clean. Most rental companies will not rent to anyone with an accident, traffic violation, or DUI in the past three to five years. If you have a recent violation, call ahead and ask — some companies are stricter than others, but most will decline. You must also be at least 25 years old; some companies require 30 or older for the most expensive models.

Where to Rent and How Prices Compare

Specialty exotic car rental companies dominate this market. National chains like Hertz and Enterprise do not rent Ferraris. Instead, you will work with regional companies like Gotham Dream Cars (New York), Exotic Car Collection (multiple cities), Beverly Hills Car Club (Los Angeles), or Miami-based firms like Prestige Exotic Rentals. Each company sets its own rates and terms, so prices vary significantly by location and company.

A three-day Ferrari rental in Los Angeles might cost $4,500 to $7,500 in daily rates alone, plus $1,500 to $2,000 in insurance, fuel, and mileage. The same rental in a smaller city like Austin or Nashville might run $3,000 to $4,500 in daily rates. Las Vegas and Miami are premium markets where rates skew higher because demand is steady. Call at least three companies in your area and compare their daily rates, insurance options, mileage limits, and damage policies side by side.

Mileage Limits and Fuel Costs

Most Ferrari rentals include 100 to 150 miles per day. If you plan a long road trip, this is a serious constraint. A 300-mile drive uses up two days of mileage on a 150-mile-per-day plan, and any overage costs $3 to $5 per mile. A 50-mile overage costs $150 to $250. Some companies offer unlimited mileage packages, but these are rare and typically cost 30 to 50 percent more per day.

Fuel is another line item. A Ferrari V12 engine consumes 12 to 15 miles per gallon on the highway and 8 to 10 in city driving. A three-day rental with 300 miles of driving will use 20 to 40 gallons of premium fuel. At $4 to $5 per gallon (rental company rates), that is $80 to $200 in fuel alone. Budget for this separately from the daily rate.

Insurance, Liability, and What Happens If You Damage the Car

Your personal auto insurance will not cover a Ferrari rental. Most policies exclude exotic or specialty vehicles, and even if yours does not, the coverage limits are usually too low. You must purchase the rental company's insurance or a third-party exotic car insurance policy. The rental company's basic coverage carries a high deductible ($2,500 to $5,000 per incident); buying it down to $0 or $500 adds significant cost.

If you damage the car, you are liable for repairs at Ferrari service rates. A minor accident that would cost $1,000 to fix on a standard car can cost $5,000 to $15,000 on a Ferrari because parts are expensive and labor rates are high. If the damage is severe enough that the car cannot be rented while repairs are underway, you may also be charged for lost rental revenue — sometimes $1,500 to $3,000 per day. This is why the security deposit is so large and why damage waivers, despite their cost, are worth considering.

Frequently Asked Questions

Can I rent a Ferrari if I have an older driver's license or one from another country?

A valid driver's license from any country is usually acceptable, but it must be current and in English or accompanied by an International Driving Permit. Some companies require a U.S. license or will accept a foreign license only if you also have a U.S. state ID. Call the rental company before booking to confirm what they will accept.

What happens if I return the car late?

Late fees typically run $500 to $1,000 per hour, with a full day's rental charge if you are more than a few hours late. Return times are strict because the company often has another rental booked when ready after. Plan to return the car at least 30 minutes before your scheduled time to avoid any ambiguity.

Can I take the Ferrari across state lines or on a long road trip?

Most companies allow out-of-state driving, but some restrict it to a certain radius (e.g., 500 miles from the rental location). Long road trips are possible but expensive because of mileage overages. Confirm the company's geographic restrictions and mileage policy before booking if you plan to travel far.

Is it cheaper to rent a Ferrari for a week than three days?

Weekly rates are usually 15 to 25 percent lower per day than daily rates, so a seven-day rental might cost $8,000 to $12,000 instead of $10,500 to $17,500 at daily rates. However, the security deposit, insurance, and mileage charges still explore, so the total savings are modest. Compare the all-in cost (daily rate, insurance, mileage, fuel, deposit) for both options before deciding.

What if the rental company's insurance does not cover me because of my driving record?

If the rental company declines to insure you, you cannot rent the car from them. Some specialty insurance companies offer exotic car rental coverage for drivers with minor violations, but this is rare and expensive. Your best option is to wait until your driving record improves or find a rental company with less strict underwriting standards.