2002 Ferrari 456 M GT

The 2002 Ferrari 456M GT is a front-engine, rear-wheel-drive grand tourer powered by a 5.5-liter V12 engine producing 436 horsepower and 406 lb-ft of torque. It came exclusively with a 6-speed manual transmission. It’s admired for its elegant Pininfarina-designed styling, powerful engine, and comfortable touring capabilities. Criticisms often center around its high maintenance costs and the complexity of its systems.

Engine

5.5L V12

• Timing Belt Tensioner Failure
  • Description/Symptoms: Premature failure of the timing belt tensioner can lead to catastrophic engine damage if the timing belt breaks. Symptoms include unusual engine noises, rough running, or complete engine failure.
  • Solution: Regular inspection and replacement of the timing belt and tensioner according to the manufacturer’s recommended service intervals.
  • Estimated Cost to Fix: $5,000 - $10,000+
  • Recalls: None Found
• Oil Leaks
  • Description/Symptoms: Oil leaks are common, particularly from valve cover gaskets and front crank seal. Visible oil drips, burning oil smell, and low oil levels are typical symptoms.
  • Solution: Replacing the affected gaskets or seals.
  • Estimated Cost to Fix: $500 - $2,000+
  • Recalls: None Found

Transmission

6-Speed Manual

• Synchro Wear
  • Description/Symptoms: Grinding or difficulty shifting into certain gears, particularly 2nd gear, indicates worn synchros.
  • Solution: Transmission rebuild or replacement of worn synchros.
  • Estimated Cost to Fix: $3,000 - $6,000+
  • Recalls: None Found

Suspension

• Self-Leveling Rear Suspension Issues
  • Description/Symptoms: Sagging rear suspension, uneven ride height, and failure to maintain proper ride height under load indicate problems with the self-leveling system.
  • Solution: Replacing or rebuilding the self-leveling struts and hydraulic system components.
  • Estimated Cost to Fix: $2,000 - $5,000+
  • Recalls: None Found

Electrical

• Dashboard Pixel Failure
  • Description/Symptoms: Pixels on the dashboard display fading or disappearing, making it difficult to read information.
  • Solution: Replacement or repair of the instrument cluster.
  • Estimated Cost to Fix: $500 - $2,000+
  • Recalls: None Found
• Relay Failures
  • Description/Symptoms: Intermittent electrical issues caused by failing relays, affecting various systems like fuel pump, cooling fans, and lights.
  • Solution: Replacing the faulty relays.
  • Estimated Cost to Fix: $50 - $500+
  • Recalls: None Found

Exterior

• Headlight Lens Cracking/Yellowing
  • Description/Symptoms: Headlight lenses becoming cracked or yellowed over time, reducing headlight output and visibility.
  • Solution: Replacement or restoration of the headlight lenses.
  • Estimated Cost to Fix: $500 - $2,000+
  • Recalls: None Found

Interior

• Sticky Interior Trim
  • Description/Symptoms: Certain interior plastic trim pieces (buttons, switches, etc.) developing a sticky or tacky surface due to the degradation of the original coating.
  • Solution: Professional cleaning and re-coating of the affected trim pieces.
  • Estimated Cost to Fix: $500 - $3,000+
  • Recalls: None Found

Summary

The 2002 Ferrari 456M GT, while a beautiful and powerful grand tourer, is known for its high maintenance costs and some specific issues. Engine-related problems such as timing belt tensioner failure and oil leaks can be very expensive to repair. Transmission synchro wear and electrical gremlins are also common. Owners should budget for regular maintenance and be prepared for potentially significant repair bills. The sticky interior trim is a common cosmetic issue that detracts from the car’s overall appearance. Overall, the car requires diligent care to keep it in top condition.