Is the
extra premium you pay for owning a luxury or high-performance car—
like a Ferrari, Bugatti, Lotus, or Rolls-Royce, etc.—covering not just the purchase price, but also all associated costs—
like tires, maintenance, insurance, fuel, road
tax—basically, everything it needs to stay on the road.
Example:
he made millions from Bitcoin, so he bought himself a brand-new Lamborghini, and his first service cost 5 grand—he almost fainted when he saw the bill. That’s a classic example of the Ferrari tax!
Lee:
Bruv, did you see that high-end car dealer geezer on
YouTube? He took his Bugatti in for a service, and they tried charging him 8 grand for a tiny Volkswagen switch.
Frank: Yeah,
bruv, he took it to his mate instead, and he did it for a few beers. No way he was paying that Ferrari tax.
Lee: "LOL."