It’s no secret that Ferraris are expensive. They’re often considered rolling works of art more than they’re thought of as automobiles. That kind of stature affords Ferrari the space to ask for premium prices for its models. Of course, legacy has something to do with it, too. There’s a reason, after all, that the most expensive car ever sold — it fetched for almost $50 million — is a 1962 Ferrari 250 GTO. Thankfully, you don’t have to pay that much to buy a brand-new Ferrari these days, but don’t expect to score one for anything less than $200,000, either. Like most exotic manufacturers, Ferrari charges a premium for its vehicles because these cars are developed with the most advanced technologies in the industry. They’re not just museum-grade pieces; they’re also fast, powerful, and loaded with all the latest tech you can find in the business. Plus, there’s cache that comes with wearing the iconic Prancing Horse badge. So if you’re thinking of buying a Ferrari as your next car purchase, do so with the full understanding that you’re going to have to break the bank to afford one.