The 2002 Ferrari 456M GT is a grand tourer, representing the updated version of the original 456. Produced from 1998-2003, the 456M featured subtle styling refinements and mechanical improvements. The main trim was the GT. Its popularity stems from its elegant Pininfarina design, comfortable 2+2 seating, and powerful V12 engine. The price range when new was around $220,000; now, expect prices from $80,000 to $150,000 depending on condition and mileage.
The Good
The 2002 Ferrari 456M offers a compelling blend of performance and practicality. Its V12 engine delivers exhilarating power, while the comfortable 2+2 seating and refined interior make it suitable for long journeys. The elegant design is timeless, and for the practical buyer, its relative reliability compared to other Ferraris of the era adds value. Emotionally, it's a V12 Ferrari!
The Bad
Potential weaknesses of the 2002 Ferrari 456M include higher running costs associated with a V12 engine. Watch out for issues with the self-leveling rear suspension, which can be expensive to repair. Additionally, deferred maintenance can quickly escalate costs, so a thorough inspection is crucial before purchase. The climate control system can also be problematic.
2002 Ferrari 456M: Quick Overview
- Engine Options: 5.5-liter V12
- Horsepower: 436 hp at 6,250 rpm
- Torque: 406 lb-ft at 4,500 rpm
- Fuel Economy: Approximately 11 mpg city / 16 mpg highway
- 0-60 mph Time: Around 5.2 seconds
- Top Speed: Approximately 188 mph
- Towing Capacity: Not Applicable
- Trim-Level Features (GT):
- Leather interior
- Automatic climate control
- Power seats
- Premium sound system
- Anti-lock brakes (ABS)
- Limited-slip differential
- Independent suspension
- Driver and passenger airbags
- Power windows and locks
- Alloy wheels
- Optional Daytona seats
- Optional colored brake calipers
2002 Ferrari 456M Specifications
Vehicle Information
| Year | 2002 |
| Make | Ferrari |
| Model | 456M |
| Trim | - |
| Style | - |
| Type | Coupe |
| Category | Subcompact Car |
Manufacturing Details
| Made In | Italy |
| Manufacturing City | MARANELLO |
Dimensions
| Doors | 2-Door |
| Curb Weight | 3726 pounds |
| Gross Vehicle Weight Rating | - |
| Overall Height | 51.20 inches |
| Overall Length | 187.50 inches |
| Overall Width | 75.60 inches |
| Wheelbase Length | 102.40 inches |
| Standard Seating | 4 |
Engine & Performance
| Engine | 5.5L V12 |
| Engine Size | 5.5L |
| Engine Cylinders | 12 |
| Transmission | 6-Speed Manual |
| Transmission Type | Manual |
| Transmission Speeds | 6-Speed |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $224,585 |
| Invoice Price | - |
| Delivery Charges | $1,350 |
Vehicle History Report
Vehicle
Specifications
Specifications
Ownership
History
History
All History
Events
Events
NMVTIS Title
History Check
History Check
Salvage/Rebuilt
Check
Check
Accident
Check
Check
Theft
Check
Check
Open Lien
Check
Check
Past Sale
Listings
Listings
Safety
Recalls
Recalls
Odometer
Check
Check
Market Price
Analysis
Analysis
What Problems Does the 2002 Ferrari 456M Have?
Frequently reported problems for the Ferrari 456M include issues with the self-leveling rear suspension, which can suffer from hydraulic leaks and require costly repairs. The climate control system, particularly the servo motors, is another common area of concern. Electrical gremlins can also surface, affecting various systems like the alarm and lighting. Some owners have reported issues with the exhaust manifolds cracking over time.
Long-term reliability concerns generally revolve around the cost of maintaining a V12 engine and associated components. Regular servicing is crucial, and deferred maintenance can lead to significant expenses. Coolant leaks and radiator issues are also potential problems as the car ages.
While the 456M is generally considered more reliable than some older Ferraris, it's still a complex machine requiring specialist attention. No significant recalls were specific to the 2002 model year, but it's always advisable to check for any outstanding recall campaigns with Ferrari directly, regardless of the model year. Pre-purchase inspections by a qualified Ferrari technician are highly recommended to identify and address any potential issues before they escalate.
Long-term reliability concerns generally revolve around the cost of maintaining a V12 engine and associated components. Regular servicing is crucial, and deferred maintenance can lead to significant expenses. Coolant leaks and radiator issues are also potential problems as the car ages.
While the 456M is generally considered more reliable than some older Ferraris, it's still a complex machine requiring specialist attention. No significant recalls were specific to the 2002 model year, but it's always advisable to check for any outstanding recall campaigns with Ferrari directly, regardless of the model year. Pre-purchase inspections by a qualified Ferrari technician are highly recommended to identify and address any potential issues before they escalate.
How long will the 2002 Ferrari 456M last?
Given its age, a 2002 Ferrari 456M likely averages between 30,000 and 70,000 miles, though some examples may have significantly higher or lower mileage depending on usage patterns. Years of service depend heavily on maintenance habits. With meticulous care, these cars can provide many years of enjoyment. However, neglected examples will suffer. Long-term durability is generally good for the engine itself, but peripheral components like hoses, belts, and electronics are prone to age-related degradation. The suspension bushings and self-leveling system are also common wear points.
What Technology & Safety Features are Included?
The 2002 Ferrari 456M was not equipped with cutting-edge technology by today's standards. Built-in tech primarily included features like automatic climate control, power seats, and power windows. The entertainment system typically consisted of a premium sound system, often with a CD player, but navigation systems and advanced infotainment were not available.
Driver-assistance features were limited to anti-lock brakes (ABS). There were no modern systems like adaptive cruise control or lane departure warning.
Safety features included driver and passenger airbags, and seatbelts. Crash-test ratings for the 456M are not readily available from major safety organizations like NHTSA or IIHS, as these types of low-volume, high-performance vehicles are rarely tested.
Optional features included Daytona seats and colored brake calipers, which were primarily aesthetic enhancements. The focus was on the driving experience rather than an abundance of technology. The emphasis was on a pure driving experience, focusing on the connection between the driver and the machine.
Driver-assistance features were limited to anti-lock brakes (ABS). There were no modern systems like adaptive cruise control or lane departure warning.
Safety features included driver and passenger airbags, and seatbelts. Crash-test ratings for the 456M are not readily available from major safety organizations like NHTSA or IIHS, as these types of low-volume, high-performance vehicles are rarely tested.
Optional features included Daytona seats and colored brake calipers, which were primarily aesthetic enhancements. The focus was on the driving experience rather than an abundance of technology. The emphasis was on a pure driving experience, focusing on the connection between the driver and the machine.
What Colors Options are Available?
Exterior Colors
Argento Nrburgring
Blu Tour De France
Grigio Titanio
Nero
Rosso Corsa
Giallo Modena
Rosso Barchetta
Blu Swaters
Verde Zeltweg
Interior Colors
Avorio
Cuoio
Nero
Blu Scuro
Grigio Chiaro
Beige
2002 Ferrari 456M Prices and Market Value
The 2002 Ferrari 456M had a price of around $220,000 when new. Current used market prices range from approximately $80,000 to $150,000, depending on condition, mileage, and service history. These cars have depreciated significantly from their original price, but prices are stabilizing, and exceptional examples may even appreciate. Factors affecting resale value include low mileage, documented service history, original factory options, and overall condition. Cars with a manual transmission tend to command a premium.
2002 Ferrari 456M Cost of Ownership
The 2002 Ferrari 456M is undoubtedly a costly vehicle to own. Insurance premiums are high due to its value and performance capabilities. Fuel economy is poor, averaging around 11 mpg city and 16 mpg highway. Maintenance, including scheduled services and unexpected repairs, can be very expensive, requiring specialist Ferrari technicians. Long-term ownership costs are significant, making it a car for enthusiasts prepared for the financial commitment. Do not expect this car to be economical in any way.
2002 Ferrari 456M Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
29.10 gallons
City Mileage
10 miles/gallon
Highway Mileage
16 miles/gallon
2002 Ferrari 456M Safety Rating
NHTSA
IIHS
2002 Ferrari 456M Warranty
Basic
Original warranty
24 months / unlimited miles
Estimated remaining
Expired
Powertrain
Original warranty
24 months / unlimited miles
Estimated remaining
Expired
Rust
Original warranty
24 months / unlimited miles
Estimated remaining
Expired
2002 Ferrari 456M Insurance
Insurance for a 2002 Ferrari 456M is moderately priced, reflecting its status as a Coupe with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 2002 Ferrari 456M Compare to Other Coupe?
The 2002 Ferrari 456M competed with grand tourers like the Aston Martin DB7 Vantage and the Mercedes-Benz SL-Class. In terms of performance, the 456M offered similar acceleration and top speed to the DB7 but slightly edged out the SL in outright power. The DB7 offered a more handcrafted feel, while the SL provided superior technology and comfort features.
Reliability-wise, the Mercedes-Benz SL was generally considered more reliable than the Ferrari and Aston Martin. Ownership costs for the Ferrari are higher due to specialized maintenance requirements. Pricewise, the 456M was similarly priced to the DB7 when new, but the SL offered a wider range of models at varying price points.
Alternatives include the BMW 850CSi, which offers similar performance and a V12 engine at a lower price point but lacks the Ferrari cachet. If reliability and lower running costs are paramount, a newer Mercedes-Benz SL or even a Porsche 911 Carrera 4S would be a better choice, although they don't offer the 2+2 seating configuration.
Reliability-wise, the Mercedes-Benz SL was generally considered more reliable than the Ferrari and Aston Martin. Ownership costs for the Ferrari are higher due to specialized maintenance requirements. Pricewise, the 456M was similarly priced to the DB7 when new, but the SL offered a wider range of models at varying price points.
Alternatives include the BMW 850CSi, which offers similar performance and a V12 engine at a lower price point but lacks the Ferrari cachet. If reliability and lower running costs are paramount, a newer Mercedes-Benz SL or even a Porsche 911 Carrera 4S would be a better choice, although they don't offer the 2+2 seating configuration.
Ranks #410 Coupe
| 1 | 2023 Toyota GR Supra | (0.0★) |
| 2 | 2023 Lexus RC F | (0.0★) |
| 3 | 2011 Honda CR-Z | (5.0★) |
| 4 | 2023 Subaru BRZ | (5.0★) |
| 5 | 2011 Mazda RX-8 | (4.0★) |
| 6 | 2024 BMW 4 Series | (0.0★) |
| 7 | 2022 Mercedes-Benz C-Class | (4.0★) |
| 8 | 2014 Ford Mustang | (5.0★) |
| 9 | 2023 Audi A5 Cabriolet | (0.0★) |
| 10 | 2023 Nissan GT-R | (0.0★) |
| 11 | 2015 Hyundai Veloster | (0.0★) |
| 12 | 2008 Chevrolet Corvette | (5.0★) |
| 410 | 2002 Ferrari 456M | (0.0★) |
Final Verdict: Is the 2002 Ferrari 456M a Good Coupe?
The 2002 Ferrari 456M is ideal for enthusiasts who appreciate classic Ferrari styling, a powerful V12 engine, and the unique experience of owning a grand tourer from Maranello. It's worth buying if you're prepared for the higher ownership costs and specialized maintenance requirements. Buying used is the only option, and a meticulously maintained example with a complete service history is crucial. A pre-purchase inspection by a qualified Ferrari technician is essential. It is not a practical daily driver, but a rewarding weekend or special occasion car.
Jovan
Jovan specializes in interpreting vehicle records and making sense of VIN data. With over 10 years of experience in the automotive data industry, his work ensures that every report is clear, accurate, and useful for car buyers.