Ferrari fanboys have their fetishes for certain models, but most are unanimous in their dislike for the Ferrari 365GT4 2+2, 400, and 412. Most have never seen one, and fewer have ever driven one. They base their negative views on it being made mostly with General Motors automatic transmissions, its 3,700 lb weight, and that it is more of a grand touring Ferrari than your typical 512 or 308 GTB. And that’s the thing, they were definitely not typical. 

How many Ferrari 365GT4 2+2, 400,412 models were made?

In fact, Ferrari never exported the 400 to the U.S. But it was compelling enough that many found their way here as gray-market cars. The company made only 2,907 of all its iterations in the 17 years it was in production. Yes, a whopping 17 years, making it the longest-running production of any Ferrari model. 

The two main points that every Ferrari enthusiast demands a Ferrari to have, this car has both.  Beautiful proportions and execution, and V12 power. The beauty of the Pininfarina-designed three-box design is obvious. With angular lines and the long hood, and short deck proportions, it has aged very well. 

Why do Ferrari enthusiast hate the Ferrari 365GT4 2+2, 400,412?

Then there is the V12. It was the 4.4-liter Colombo V12, which was also used in the 365GTB/4 Daytona. With six Weber carbs, it packed 340 hp. And it was combined with a tube chassis similar to the Daytona’s. It was the last tubular chassis Ferrari ever made. 

Initially available only with a five-speed manual transmission, by 1976 you could order your 400 with an automatic transmission sourced by GM. Yes, the same Turbo 400 used in Buick sedans and Chevy trucks. It was the first Ferrari ever to come with an automatic. Be that as it may, it might have been the most trouble-free combo available from Maranello. 

What engine did the Ferrari 365GT4 2+2, 400,412 have?

The V12 saw a series of improvements. A 4.8-liter version became available also in 1976. Then in 1979, the Webers got ditched for Bosch K-Tronic fuel injection. Unfortunately, horsepower ratings dropped a bit to 310 hp. 

By 1985, the last version debuted as the 412. Displacement was increased to 4.9-liters and you could still order it with the five-speed or automatic transmission. Unfortunately, a disproportionate amount came with the automatic. The 412 soldiered on to 1989, the 2+2’s last year of production. 

How much are they worth today?

Today, because of the unwarranted negative reputation, it is one of the cheapest Ferraris you can buy. They’re still not cheap, You can usually find them for under $100,000, though we’ve seen examples recently under $40,000. Be forewarned, the cheaper they are, the more expensive they are. 

You can get into one cheaply but expect major expenditures for as long as you own it. Hey, they’re a Ferrari. But it would almost be worth it to find one with reasonable miles and condition for around $50,000, then keep your fingers crossed. And they are appreciating, as Ferrari connoisseurs realize one of the most beautiful Grand Touring Ferraris ever made has been shoved to the back row of exotic gatherings. That won’t last much longer.