Just about ten years ago you could find plenty of examples of the Ferrari 308 GTB/GTS for under $30,000. At the time, some decent running cars with slightly higher mileage were near the $20,000 mark.
Back then, even though the prices were low, the maintenance costs kept most wiser people away. It’s funny how much things can change in just ten years. Someone who had bought a 308 GTB/GTS back then would now have a car worth more than twice the price paid to buy it originally.
The Ferrari 308 GTB/GTS is most notably associated with the Magnum P.I. TV show. The show helped make an already cool car an icon.
When someone purchases a 308 GTB/GTS, they get a mid-engines V8 powered sports car that had great performance in its time. Sure by today’s standards the performance isn’t great, but when it was new it had world class specifications.
The classic Ferrari can scamper from 0-60 mph in 6.1 seconds. This is thanks in part to the 2.9-liter V8 that pumps at at least 237 horsepower (depending on the year of production and country).
The driving experience is analog with the gated shift, great balance and steering feel. The available acceleration may be low compared to today’s high performance cars, but it is still able to keep up with modern traffic.
The 308 GTB / GTS is not an inexpensive car to keep on the road. A large part of the cost is due to the need for an engine out major service roughly every five years. To have a shop do this will usually cost about $5,000 or more depending on how much work needs to be done. You can often save some cash if you buy a better maintained vehicle, but to keep it on the road expect some very high bills.
From our research prices for Ferrari 308 GTB / GTS examples have a fairly wide gap. Below is the price range that we found with lower mileage examples in better condition on the upper end of the range and higher mileage cars with needs at the lower end.
Ferrari 308 GTB / GTS – $49,000 – $167,000
As with any exotic a pre-purchase inspection is a very good idea. It can help you know just what you are getting yourself into.
Trouble watching the video? Go to the original YouTube video.