Want a Ferrari But on a Budget? Here Are Some Options
Alex Reale
· 4 min read
Looking for a
cheap Ferrari
is a fraught exercise. The pros column is closely matched with the cons column.It’s a great feeling to obtain luxury goods without dropping luxury cash, but there is also the looming threat of constant maintenance and reliability issues. If you’ll do whatever it takes to own a model from the brand, here are some affordable Ferrari options.
You’ll find the cheapest Ferraris in the used car market
To find an affordable Ferrari, we’re going to mainly focus on the used car market. “Cheap” and “new” usually do not intersect in the world of luxury cars, and this holds true for Ferrari, with its least expensive new models coming in at just above $200,000.
HotCars
gives us a handy guide for navigating the world of used Ferraris.Let’s start with the Ferrari 348, the last offering from the legendary Enzo Ferrari. This car was produced between 1989 and 1995, and it’s very much of its time—you can picture Marty McFly mistaking it for the DeLorean. You can get your hands on one of these for as little as $40,000.
Next up for consideration is the Ferrari 456 GT, sold between 1992 and 2003. This is a very respectable choice, with its 436 horsepower and expensive debut sticker. Nowadays, you wouldn’t be shelling out $200,000 for a 456 GT. You’d be looking instead at a price closer to $57,000.
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Another classic is the Ferrari 360, a model that consumers embraced in its early 2000s heyday. The design manages to still look current, and you can keep up with the times with only about $60,000. The Ferrari 308 comes in at a reasonable $50,000, and you can enjoy pretending to be the star of Magnum P.I., notes HotCars.
The Ferrari California looks exactly how you’d expect a car named California to look: it’s a cute convertible with decent seating and trunk space, and a slightly flashy aesthetic overall. You can nab one of these for $80,000. The Ferrari F355 calls to mind the Ferrari 348 in design, but it will appeal more to speed fiends with a higher top speed. You can find a Ferrari F355 for about $55,000.
The best (and worst) affordable models
The models listed so far are more or less middle of the pack in terms of price and quality. Before you make your final decision, here are the unofficial worst and best options.
The cheapest on the list, for a paltry $18,000, is the Ferrari Mondial. This model is generally agreed to be one of the misses from Ferrari, with an unreliable electric system and a sluggish 0-60 ramp-up time. But if your priority is saving money, this may just be for you.
The top spot goes to the Ferrari 612 Scaglietti, the beautiful V-12 GT that was sold between 2004 and 2012. It can hit just below 200 mph and goes from 0-60 in 4 seconds. This model cost about $300,000 in its prime, but now you can find 612 Scagliettis for under $70,000. This isn’t exactly pocket change, but for an impressive car like this, you may be getting a decent deal.
If you’re already planning ahead for the repairs that your used Ferrari will inevitably need, you may want to consider saving some money elsewhere. How about your car insurance?
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