I think it's a great idea to buy any sort of project you like and get out there and git er done! Now, I will courteously, and respectfully disagree with you on that Dino being a Ferrari. That's a Fiat Dino. Calling that a Ferrari is like calling a 924 a Porsche. 🙂 That said; you're in it cheap and you've got all kinds of fun ahead of you during the re-build. I wish you well!
With all due respect, Ferraris don't seem to be Swamibob's forte. The Fiat Dino was a whole 'nother Fiat-badged vehicle. There was a coupe and convertible version made with 2-liter and 2.4-liter engines. The convertibles are worth, on average, around $100k these days... some Fiat, eh? Even the coupes are worth about half that.
You could call this early car a Dino 308 GT4, sans Ferrari moniker, and you'd be correct. Ferrari ultimately brought the Dino line into the Ferrari fold by the end of the GT4's run.
People used to tell my father the Dino 246 GTS he bought for $30k in the '80s wasn't a real Ferrari. He didn't mind, we'd always refer to it as a Dino anyway. Of course, today he could trade his Dino straight across for multiple "real" Ferraris.
The answer lies not in people's emotions, but in the VIN. Does the car have a Ferrari or Fiat manufacturer VIN? If it has a Ferrari VIN, it doesn't matter that the Dino used to be Fiat. If it has a Fiat VIN, it doesn't matter that it eventually became a Ferrari.
I don't care, that thing is cool! I dig a lot of the oddball Ferraris. OTOH, It'd be a lot cooler with some real horsepower. Where's my Sawzall? Imagine rolling up to C&C with an LS3 barking out of that baby. Mmmmmyeah.
I have been a "promiscuous" car owner since I started driving 15 years ago. So far I've owned 13 cars including three 1997-98 Lincoln Mark VIIIs, a 77 Ford F-150 ranger, 88 Ford Bronco, 1980 Fiat Spider 2000, 1971 Olds Cutlass, 2019 Hyundai Sonata turbo (my wife's but a truly awesome ride anyway), 04 Silverado, 88 Jeep Grand Wagoneer, 91 Jeep Cherokee Pioneer, 01 Mitsubishi Eclipse Spyder, and a 98 Expedition. I started with Ford products and learned my way around the toolbox with them but have since branched out to anything that looks like a good deal, can be at least hand cranked, and isn't consumed with rust. From my standards I'd say that was money well spent. Take the badges off the 308 and it could easily be any one of Bertone's more famous styling adventures from the 70s and 80s (Lamborghini Jalpa, Fiat X1/9, Alfa Montreal, so many more). I can't wait to hear about your adventure with it! Congrats!
Larry, great looking Dino! Love the euro bumpers, and looks great in black. Ferrari came out with the Dino 308 gt 4 2+2 to compete with the Porsche 911. It has a longer wheel base than the regular 308, which makes a handling car. I also have a 75' GT4 I got mine about 5 years ago. I'm a big fan of these cars. I believe they are a bargain now for about $50k. Mine is fully sorted and makes me smile every time I take it out for a drive on Mulholland. A lot of engineering has gone into this car. Niki Lauda tuned the suspension.
First Ferrari I ever drove was a 308 GT4 (the day I passed my driving test actually!) and it was truly an eye-opening experience after having cut my teeth on big-block American muscle cars. Once behind the wheel, your ears and seat of the pants will never be able to tell the difference between a 308 GT4 and 308 GTB/S. As the author is surely aware, these Bertone beauties are starting to get the respect they deserve and prices are starting to creep up. Hope to see your project updates over on FChat.