Ferrari 308 GTB
A while back we came up with a list of 5 affordable Ferraris. Well, now may be the time to purchase a more affordable Ferrari as cars wearing a prancing horse tend to go up in value.
These cars can be had for relatively little money right now (at least by Ferrari standards), but in five or ten years that may no longer be the case. So, we have come up with a list of 6 affordable Ferraris that you should purchase right now.
This list will be a weekly feature, so make sure to subscribe to this blog to keep from missing an article in the series (desktop users can use the subscribe box above and mobile users can scroll down to the bottom of the article).
The cars that we will be covering over the next few weeks are the below.
- Ferrari 308 GTB/GTS
- Ferrari 308 GT4
- Ferrari Mondial
- Ferrari F355
- Ferrari 360 Modena
- Ferrari F430
As this is part one we will talk a bit about the Ferrari 308 GTB/GTS (a.k.a. the Magnum P.I. car).
The 308 GTB/GTS is an iconic late ’70s early ’80s car whose styling still stands out today. It had very good performance for its time and gives the driver a special feeling.
Powered by a mid-mounted V8 engine the 308 GTB/GTS has great handling and an intoxicating exhaust note. Cars with the GTB are the hard top cars and GTS cars have the targa top.
The Italian sports car was made from 1975-1985 and it replaced what is now the legendary Dino 246. The American version of the car offers about 240 horsepower (depending on the year of the car) and thanks to its light weight of 2,403 pounds (for the GTB) it manages 0-60 mph in about 6 seconds flat. While many cars are much faster these days, that was incredibly fast in the late ’70s and early ’80s.
Prices of 308 GTB/GTSs in good condition have been on the rise recently. Not very long ago you could find good examples for the $20,000-$30,000 range, but finding decent cars in that range has become much more difficult. Prices are now often in the $40,000 – $60,000 range and we have even seen low mileage examples going for as much as $100,000.
With these wonderful cars gaining traction, now is likely the best time to buy one. If you wait much longer they could very well double in price.
Of course as with any car, prices could go up or down and on one of these wonderful Italian cars repairs and maintenance are quite high. So, all of this needs to factored into any car that is purchased.
Beyond this, a Pre-Purchase Inspection is always a good idea when thinking of purchasing any high end older car. Doing so can help make sure you save a lot of money in the future and / or give you negotiation leverage.
Picture Source: Sfoskett