Tag Archives: 360

The Limited Production Lotus Exige 360 Cup Gets Slight Power Bump Over Standard Cup Car

By   August 14, 2015

Lotus Exige 360 Cup

Lotus Exige 360 Cup

Lotus has unveiled the limited edition Exige 360 Cup car. Production of the street legal but track focused machine will be limited to just 50. For that you get a slightly more powerful car over the standard Cup car with an increase of 10 horsepower.

That slight power bump brings the output up to 360 horsepower, which is plenty given the lightweight package. In the 360 Cup you also get a new lightweight louvered tailgate and front access panel which further help keep the weight down. With all of this it comes in at just 2,486 pounds.

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Is It Really Better To Buy A Used Ferrari Over A New Porsche?

By   March 13, 2014

Is a Used Ferrari a Better Purchase Over a New Porsche

Is a Used Ferrari a Better Purchase Over a New Porsche

Yesterday over at Jalopnik was an article that claimed it is better to purchase a used Ferrari instead of a new Porsche. Specifically the article talked about a new 911 Carrera versus a used Ferrari 360. Naturally, being a fan of both brands (although a bit bigger fan of the German brand) I took notice of the article.

The article was based on the premise of how much a new Porsche depreciates. It put this versus the maintenance of a used Ferrari and found that the Italian sports cars was cheaper to own.

Of course the first thing that stuck out to me is that a used Ferrari costs about the same as a new 911. Which of course if you use the same logic you could buy a used 911 for much less and then not get hit as bad with the depreciation.

The example Ferrari in the article was a 2004 model which cost just under $90,000. If you chose a 911 Carrera from 2004 then you can find plenty of them in good condition with fairly low mileage for under $35,000. Of course the Italian car would have a bit more performance than the base Carrera, but for not much more you could go up to a 911 Turbo and be in the same performance range. Plus the car would still cost about $30,000 less than the prancing horse, so a used 911 is starting to look pretty good.

While a used 911 will have more miles on it, the build quality is great and the cars can go for many more miles without major repairs. Plus it is much less likely to leave you stranded if you use it every day. So, if you go used Porsche over used Ferrari, the German car is the smarter financial choice (unless you are buying it as a future collectable as the Italian car is more likely to be worth more money in the future).

So, while the logic in the article is true, there may be a better option. Although it really is more about If you prefer Ferraris or Porsches.

Let us know what you would buy in the comments.

5 Affordable Ferraris

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