Wallet-Friendly Ferraris? Here Are the Cheapest Ferrari Models

Genevieve Fraser
Nov 30, 2021 · 4 min read
There's something special about a Ferrari. It's not just a luxury car. It's an experience, and most car enthusiasts dream of being able to drive a Ferrari one day. For many of us, steep price tags make this fantasy seem out of the realm of possibility.
However, there are some Ferraris out there that deliver everything you would expect from one of the world's premier luxury performance brands without completely emptying your wallet. 
Here are some of the cheapest Ferrari models that money can buy, according to Hot Cars.
A close-up of the front of a red Ferrari
Some Ferraris are more affordable than others.

One of the cheapest Ferrari models was once incredibly pricey

The iconic Ferrari California was one of the Italian brand’s entry-level offerings, yet it still retailed for nearly $200,000 when it debuted more than a decade ago. If you find a used one, though, you can drive it home for just about $76,000.
The Ferrari California is a quick and powerful vehicle backed by a 3.9-liter V8. There’s room for four, plus enough trunk space to make a road trip in this drop-top sports car a definite possibility.
If the California isn't quite what you're looking for, the Ferrari 360 has the brand’s classic aesthetics and performance for a little less than $60,000. The 360 replaced the F355 and was the last Ferrari to be produced before 2000, according to Hot Cars.
It has a naturally aspirated 3.6-liter V8 that hits 60 mph in just 4.6 seconds. Delivering 395 hp and 275 lb-ft of torque, this Ferrari can reach a maximum speed of 183 mph. If a combination of performance and savings are what you're looking for, then the 360 might be just the ticket. 
At over 20 years old, it's a slightly newer model than some of the other cheap Ferrari models, and the styling still feels modern, possessing a certain timeless quality. For about the same price as a new family SUV, you can own a celebrated piece of luxury sports car history. 

An ’80s TV star drove one of today’s cheapest Ferrari models

The Ferrari 308 was in production between 1975 and 1985, and it might be the most recognizable Ferrari in the world. Hot Cars noted that the 308 was part of television's Magnum P.I. in the ’80s, and also graced the screen in other TV shows and movies.
It has traditional Ferrari looks (especially when painted red), but it doesn't quite have the performance to back it up. With just 237 hp and 192 lb-ft of torque on the top-of-the-line GTS Quattrovalvole models, the 308 is less powerful than many of the other cheap Ferrari models. 
But, if the look is more important than performance for you, the 308 is a sweet ride. You can be just as cool as 1980s Tom Selleck for a little over $41,000

This Ferrari can be purchased for less than $20,000

The Ferrari Mondial was, according to Hot Cars, one of the worst Ferraris ever made, which explains the low price. It is a mid-engine vehicle, seats four, and is very obviously a Ferrari, too, which, at this cost, is probably enough for many people.
While it’s not as special as some of the other cheap Ferrari models, its incredible pricing definitely puts it within reach for those of us who would love to add “Ferrari owner” to our resumes.
If you’re thinking of checking out the used car market for one of these more affordable Ferraris, you can save on car insurance, too!
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