Ferraris are perhaps the most widely recognized and famous cars in automotive history. And while most car enthusiasts would love to one day own one, their dreams are typically crushed by the initial buy-in price, which is usually $100,000 to $250,000 depending on the model.
However, thanks to depreciation and the fact that there are plenty of older Ferrari models still floating around in the used market, owning a car with the prancing horse badge is now a possibility. Here is a list of five of the most affordable Ferrari models currently in the used market, but considering how much they cost to maintain, you probably shouldn’t own any of them.
The Ferrari Mondial was in production from 1980 to 1993 as there were a few different iterations of the car during that time. It’s not exactly a fan favorite among Ferrari enthusiasts, but it’s still a Ferrari nonetheless. Inside are two seats covered in genuine Italian leather and behind those seats lies a V8 engine that produced 266 horsepower.
No, that’s not a lot, especially by today’s standards, and it didn’t do much in the way of performance either as it takes about 9 seconds to hit 60 mph in one of these cars. Luckily, if those stats don’t bother you, then you can own one for around $20,000. Although, don’t be surprised if a $20,000 Honda Civic ends up beating you in a stoplight race.
The Ferrari 308 was produced from 1975 to 1985 and was made famous by the hit show “Magnum P.I.” If you want to be like Tom Selleck and ride around town in one of these pieces of Ferrari history, it will only cost you about $50,000 to $70,000, depending on its condition.
Although, you’ll be riding around town very slowly as the 308 was able to gallop to 60 mph in about 7.3 seconds thanks to a carbureted 2.-liter V8 that pushed out 237 horsepower.
The Ferrari 348 was a mid-engine, two-seater that replaced the 328 back in 1989. It was powered by a 3.4-liter V8 that produced 316 horsepower and 239 lb-ft of torque and was mated to a five-speed manual transmission. This combination was good for a 0-60 time of around 5 seconds, which wasn’t that quick in today’s terms, but it was quick enough back then to complement its Testarossa-like aesthetics.
The 348 was originally priced around $120,000, but nowadays you can get one for $50,000 to $70,000.
The Ferrari F355 replaced the 348 back in 1995. Unlike some of the other Ferraris on this list, the F355 could actually hit 60 mph in under five seconds thanks to a 3.5-liter V8 that pushed out 375 horsepower and 276 lb-ft of torque.
The F355 was produced from 1995 to 1999 and back then it retailed for around $130,000. In today’s used market you can find them selling for anywhere from $55,000 to $80,000.
The Ferrari 456 was produced from 1995 to 1998 and it didn’t look as Ferrari-like as a lot of models to don the prancing pony badge, but it was a Ferrari all the same.
Under the hood was a 5.5-liter V12 engine that produced 436 horsepower and 406 lb-ft of torque and could be mated to either a six-speed manual transmission or a four-speed automatic. What set the 456 apart from most other Ferraris was the front-mounted engine and four-seater layout.
And while some might find that to be a good thing, most other Ferrari fans dismissed the Pininfarina-penned 456, which is why you can currently find them priced at around $40,000 to $60,000 depending on the condition and mileage.
Only in your dreams
In case you do end up buying one of these models, you’ll need to say a prayer in hopes that it doesn’t break. While the cost of entry on all of these models is relatively low, keep in mind the maintenance repair costs will likely cost you the money that you saved over time.
At least you’ll know that you only paid a fraction of what they were originally worth and if someone pulls up next to you at a traffic light and asks you how much your car retails for, you can promptly reply, “It’s more affordable than you think, pal.”