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The Enzo Ferrari: Is It Truly Worth $1,000,000?

By Edited Nov 6, 2016 0 0

 

Ferrari

Ferrari has not only been known for constructing vehicles that are driven around by wealthy executives and celebrities. The company had always focused greatly on Formula 1 racing. Formula 1 racing is actually where Ferrari began it's long career. During the 1980s, the company celebrated it's 40th anniversary by introducing the Ferrari F40. The F40 was supposed to be a street-legal version of a Formula 1 race car. The vehicle was a complete success which earned stellar reviews. 

Ferrari attempted to continue the anniversary edition concept by introducing the F50 in 1995. The vehicle was supposed to give Ferrari continued revenue, since the F40 was such a profitable vehicle. The F50 was supposed to be an upgraded version of the F40, and offered drivers power everything (something that the F40 lacked), a 510 horsepower V12 engine, and a carbon fiber chassis. The vehicle was priced at $500,000 and only 349 F50s were produced. According to many car enthusiasts the F50 was considered to be too expensive and received mainly negative reviews. 

 

Ferrari F50

In the early 2000s, Ferrari designers and engineers went back to the drawing table and hired Ken Okuyama. Okuyama was previously the head designer of Pininfarina, an Italian automotive design firm. Ferrari executives decided to name the vehicle after the founder of the company, Enzo Ferrari. 

The Enzo is powered by a 6.0 liter Tipo F140B V12 engine. These types of engines were jointly designed by both Ferrari and Maserati. The Enzo's V12 produces an impressive 650 horsepower versus the F50's 510 horsepower. The Enzo has the ability to reach 0-60 m.p.h. in a blistering 3.1 seconds, while the F50 does it in 3.7 seconds. The Enzo's top speed was recorded at a whopping 220 m.p.h. and that is with the Enzo being considered one of Ferrari's heavier automobiles. 

 

Enzo engine

Ferrari initially marketed the Enzo exclusively to owners of the F40 and F50. Many business leaders and celebrities were ecstatic when they heard that the vehicle was being sold and quickly purchased it. Many of these individuals were die-hard Ferrari enthusiasts. 

The Enzo offers a Formula 1 steering wheel, automatic suspension control, a semi-automatic transmission, upward lifting doors, carbon fiber chassis and kevlar components. The vehicle was initially priced at $1 million. Many of them have actually been sold for over $1 million at some auctions. 

Ferrari Enzo

Ferrari produced a total of 400 Enzos, so there are really difficult to find. Many car enthusiasts felt that Ferrari redeemed themselves with the Enzo because the F50 was such a flop. Although the vehicle received magnificent reviews, it is debatable if the Enzo is truly worth its high price tag.

 

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