What is a Fair Labor Rate for Servicing an Exotic Car?
And How Much Does it Cost Altogether to Maintain and Repair an Exotic Car?
Servicing a luxury or exotic vehicle is not the same as taking a regular sedan to your neighborhood auto repair shop. The intricacies, specialized parts, and expert knowledge required to handle such an expensive piece of machinery all contribute to higher costs.
Let’s explore what you can expect to pay for servicing your exotic vehicle, with a focus on factors such as hourly labor rates, repair costs, and location.
What Hourly Rates Can You Expect to Pay for Labor?
The price of labor per hour varies from state to state—and even specific locations in each state can vary greatly. According to the most up-to-date information from AAA, the labor rates in their Approved Auto Repair network range from $47 to $215 per hour (**It should be noted that this information is for all types of cars and that inflation within the past year alone may have made these rates surge.)
However, with our experience in buying Ferraris, Lamborghinis, Bentleys, Rolls Royces, Aston Martins, Mclarens, Lotuses, etc., we know that labor rates for these types of cars can vary a great deal!
It’s not uncommon to see labor rates ranging from $150 to $350 (and upwards sometimes) for luxury and exotic cars.
This is because the complexity of servicing luxury vehicles often requires the mechanics to have authoritative knowledge and specialized training in order to be able to expertly handle a luxury car brand. The intensive tools they have to operate can also lead to elevated labor costs.
For example, let’s say you own a Ferrari, which is known for having many common issues that need repairs. A Ferrari dealership will often hire and train technicians right at their location, which means they will know exactly how to fix your car in the most effective and fastest way possible. However, this expertise comes at a premium, potentially raising the cost of even the most routine of maintenance services like an oil change.
On the other hand, you can get it fixed at an independent mechanic for a cheaper upfront labor rate, but quality may vary, so it is very important you know what that shop can do and what reputation they have. For more information on this topic, visit our blog: Foreign Car Repair at a Dealership or Mechanic? Pros and Cons of Each.