The honest answer most rental sites won't give you: a Ferrari in Miami runs $1,395 to $2,495 a day before insurance, deposit, and any add-ons. That spread is real, and it depends on which prancing horse you pick, how many days you book, and where you want it delivered.
This guide breaks down every line item so there are no surprises when you walk up to the keys.
Ferrari Rental Prices in Miami at a Glance
Miami is one of the most competitive Ferrari rental markets in the country, which is good news for renters. There are roughly a dozen reputable shops in Miami-Dade County offering Ferraris, and rates have actually softened slightly in 2026 as more inventory came online after the spring auction season.
Here is what you should expect to pay at Monarc VIP right now:
| Model | Daily Rate | Weekend (Fri-Sun) | 3+ Days |
|---|---|---|---|
| Ferrari 488 Spider | $1,395 | $3,895 | $1,295/day |
| Ferrari F8 Spider | $1,795 | $4,995 | $1,695/day |
| Ferrari 296 GTB (when in fleet) | $2,295 | $6,395 | $2,095/day |
| Ferrari Roma | $1,495 | $4,195 | $1,395/day |
Compare that to renting a Lamborghini in Miami and Ferraris run roughly 15 to 25 percent higher across the board. The reason is simple: Ferrari produces fewer cars, parts cost more, and insurance carriers charge a premium.
What's Actually Included in the Daily Rate
A daily rate is rarely the full picture. Before you sign anything, ask the rental shop to itemize every line. At Monarc VIP, the daily rate covers:
- 100 free miles per day. Most Miami trips stay well under this since the city is compact.
- Basic liability insurance at Florida state minimum coverage.
- Full detail and inspection on the car before pickup.
- Free delivery to South Beach hotels like the Bentley Hotel, Kimpton Angler's, or Loews.
What's not included, and this is where most renters get blindsided:
- Collision damage waiver: $150 to $300 per day depending on the model.
- Refundable security deposit: $5,000 to $10,000 held on a credit card.
- Overage miles: $5 to $10 per mile beyond the 100 daily allowance.
- Fuel: Return it full or pay $12 to $15 per gallon at refill.
- Airport delivery: $150 round-trip to MIA or FLL.
For a transparent breakdown of every fee, see our Miami exotic car mileage fees guide.
Why the 488 Spider Is the Sweet Spot for First-Timers
If this is your first Ferrari rental in Miami, the 488 Spider is hands-down the best value. The 3.9L twin-turbo V8 makes 661 horsepower, hits 60 in 2.9 seconds, and the retractable hardtop gives you the open-air Miami experience without the wind buffeting of a true convertible.
It also happens to be the most photographed Ferrari on Ocean Drive. If you want the iconic Miami exotic car shot, this is the one. Read our deep dive on the 488 Spider vs Huracan comparison for the head-to-head with its closest rival.
How to Save 20 Percent or More on a Miami Ferrari Rental
A few practical ways to bring the bill down without sacrificing the car:
1. Book Midweek Instead of a Weekend
Friday and Saturday are peak. Booking Tuesday through Thursday can save you $300 to $500 on a 488 Spider. Our breakdown of midweek vs weekend rental deals walks through the actual numbers.
2. Book Three or More Days
The multi-day discount kicks in fast. A three-day 488 rental at $1,295 per day is $300 cheaper than three single days at $1,395. A full week often runs 25 percent below the daily rate.
3. Bring Your Own Insurance
If your personal auto policy includes exotic car coverage, or your credit card (Amex Platinum, Chase Sapphire Reserve) covers rental cars without exclusions, you can decline the in-house CDW and save $150-plus per day. Always confirm in writing first. Read more in our Miami exotic rental insurance guide.
4. Avoid Peak Event Weekends
Art Basel, Miami Grand Prix, Ultra Music Festival, and Super Bowl weekend all push prices up 30 to 50 percent. If your trip is flexible, avoid early December and the first weekend of May.
5. Use Hotel Delivery Instead of Airport Pickup
Airport delivery is convenient but adds $150. If you're staying in Brickell or South Beach, take an Uber from MIA ($25) and have the Ferrari delivered to your hotel valet for free.
Hidden Costs Most Renters Miss
A few extras that catch first-time renters by surprise:
- State and local tax: 7 percent Miami-Dade sales tax applies to the rental subtotal.
- Tolls: The Ferrari likely won't have a SunPass. You'll be charged $5 admin fee per toll plus the toll itself if you take I-95 express lanes or the Rickenbacker Causeway.
- Cleaning fee for sand or staining: $200 to $500 if the interior comes back gritty from a beach day.
- After-hours pickup or drop-off: $100 surcharge outside 9am-6pm.
None of these are scams. They are standard across the industry. The honest shops just disclose them up front, which is exactly what we do at Monarc VIP.
What Day Trip vs Weekend vs Week-Long Costs Look Like
Real-world example for a Ferrari 488 Spider with full coverage:
- 1 day, weekend: $1,395 base + $250 CDW + $100 fuel + $98 tax = $1,843 total
- 3 days, weekend: $3,885 base + $750 CDW + $150 fuel + $271 tax = $5,056 total ($1,685/day)
- 7 days: $7,500 base (week rate) + $1,750 CDW + $300 fuel + $525 tax = $10,075 total ($1,439/day)
The longer you book, the better the per-day math. That said, most Miami renters pick a Ferrari for two to three days, which is the right amount of time to enjoy it without burning out the experience.
Frequently Asked Questions
What's the cheapest Ferrari I can rent in Miami?
The Ferrari Roma at around $1,495 per day is currently the most accessible Ferrari in the Miami market. The 488 Spider at $1,395 is technically cheaper but moves faster on the calendar. If price is your primary filter, also look at the Corvette C8 at $395 per day, which gives you mid-engine supercar feel for a fraction of the cost.
Do I need to be 25 to rent a Ferrari in Miami?
Yes. Almost every reputable Miami shop requires drivers to be 25 or older with a valid license, clean driving record, and a credit card in their name with available credit for the deposit. Some shops will rent to 21-year-olds with a young driver surcharge of $200 to $500 per day.
Can I rent a Ferrari for one day in Miami?
Yes, single-day rentals are common. The 488 Spider runs $1,395 for 24 hours with a 100-mile cap. If you only need it for a photoshoot, ask about a half-day rate. Our Miami photoshoot rental guide covers the four-hour packages.
What's the deposit for a Ferrari rental in Miami?
Expect a $5,000 to $10,000 refundable hold on a major credit card. The 488 Spider sits at $5,000. The F8 Spider and 296 GTB are $7,500 to $10,000. The deposit is released within 5-7 business days after return assuming no damage or violations.
Is it cheaper to rent a Ferrari in Miami or Las Vegas?
Miami is generally 5 to 15 percent cheaper than Las Vegas for the same Ferrari model. Vegas inventory is smaller and demand is more concentrated around weekends and conferences. If you're price-sensitive and the trip is flexible, Miami wins.
What if I get a parking ticket or speeding violation?
Tickets and tolls follow the registered owner. The rental shop will charge your card the citation amount plus a $50-$100 admin fee when the ticket arrives. Drive smart. Miami Beach traffic enforcement is aggressive, especially on Collins Avenue.
Ready to book? Browse our live Ferrari rental availability, or use the Monarc rental calculator for an instant quote with all fees included.