By   July 29, 2013

5 “Affordable” Ferraris

There is perhaps not higher symbol in automobiles that the Prancing Horse of Ferrari. The Italian sports cars are historically some of the best sports cars that one can buy. When you think of someone that owns a Ferrari you think of someone with a lot of money.

This is for good reason as the cars when new usually go for well over $190,000. Classic cars also normally fetch a premium.

But what do you do if you want to own a Ferrari, but don’t have a huge budget. Fortunately there are options for those starting in the price range of a new Honda Civic.

Below are 5 of the most affordable Ferrari cars that one can buy at this time.

  1. Ferrari 308 GTB/GTS
    The 308 GTB/GTS offered very good performance for their time. The GTS is perhaps best known for its appearance in the classic ’80s show Magnum PI. GTB/GTS offers around 240 horsepower depending on the year. The mid-engined car can be difficult to work on for someone not antiquated with working on Ferraris of the era.
    You can find well maintained examples in the $20,000-$40,000 range depending on condition and year.
  2. Ferrari 308 GT4
    Before the GTB/GTS there was the GT4. This was a four seater car and when you add a back seat to one of these Italian sports cars the price usually goes down a bit. The car still offers a mid engined design and is somewhat more practical that some other models. Originally the GT4 was badged as a Dino, but in 1976 it was sold with Ferrari badging. The mid-engined V8 powered sports car offered 230 horsepower and good performance for its time. Styling was very ’70s and because it wasn’t always badged with a Prancing Horse many don’t think of it as a true Ferrari.
    You can find a well maintained car with about 30,000 miles on it for $20,000 or even a bit less.
  3. Ferrari Mondial
    The Mondial much like the GT4 offers a small back seat and a layout similar to the 308 GTB/GTS. The car is powered by a 3.2 liter V8 engine that put out 266 horsepower. It offered decent performance for the mid ’80s, but was never really valued highly by Ferrari enthusiasts. Styling is very ’80s, but stands out to those looking at it.
    You can find a well maintained early Mondial for $30,000-$40,000.
  4. Ferrari F355
    The F355 is a V8 powered mid-engined Ferrari that offered a very good 375 horsepower. That is very good for a car from the mid-late ’90s. Performance is very good in the Italian sports car and it has nice styling. The F355 is one of the more reasonably cars wearing a Prancing Horse that is thought pretty highly of within the enthusiast community.
    A well maintained F355 will run you $35,000 – $80,000 depending on year, mileage and condition.
  5. Ferrari 360 Modena
    The 360 Modena replaced the F355 and is a modern Ferrari that is sure to turn heads if you drive one. The mid-engined V8 powered car puts out 400 horsepower and is capable of a 0 to 60 mph time of just 4.3 seconds. The car has more modern styling and modern comforts than you would expect in a newer car over the other cars in this list.
    You can find well maintained 360s for $60,000-$80,000. While not cheap, it is still only about the same price as a new Porsche Boxster or Cayman.

If you choose to buy one of these Ferraris you will join an exclusive club of people that have owned a Ferrari. You do need to be ready to put money away for repairs to these cars as they often cost much more to repair. Some models also have maintenance items such as needing to remove the engine every 10,000 miles to perform maintenance, so do your research before buying one.

Make sure to buy a well documented maintained example as it will save you a lot of money in the long run. A Pre-Purchase Inspection is also a must when looking at a used Ferrari.

Let us know which of these 5 affordable Ferraris you would prefer to drive or if you would put any others on this list in the comments below.

What would you drive

Picture Source: Sfoskett

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  • jonathan

    i heard testarossas are affordable to.

  • jonathan

    i heard testarossas are affordable to.

  • jmcalli

    “The mid-engined car can be difficult to work on for someone not antiquated….”
    Well, I’m antiquated, so I guess this would be a good one for me. Lol.