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Hagerty
Hagerty Employee

These 5 Ferraris don't get enough respect, are more affordable than you think

Like all great carmakers, Ferrari has amassed a big catalogue of greatest hits. The storied brand had its share inevitable duds along the way, too, or at least that's how some people see them. Ironically, many of the least sought-after classic Ferraris today were strong sellers when they were new, only to become the butt of jokes and languish at temptingly cheap prices.
https://www.hagerty.com/media/market-trends/these-5-ferraris-dont-get-enough-respect-are-more-afford...
34 REPLIES 34
Maestro1
Technician

I changed my mind. If I had the room I would buy a 412 or a Mondial or finance myself up to my ears and buy both. And I haven't had my coffee yet.
All stay well.
dyerhaus
Intermediate Driver

The 412 is really cool, but keep in mind that it's a 12 cylinder car. That means you're going to spend as much to maintain that as you will a Daytona… and one of those is considerably more valuable than the other! So, worth it or not? I'd encourage you to look closer at the 308 GT4 as opposed to the Mondial. It's a completely different experience. The Mondial just doesn't deliver on the "Ferrari" experience you'd expect when driving. But, it's still a cool car. 🙂
Chevyman
Pit Crew

I would love to own and drive a Ferrari. My problem is that even if I could afford to purchase one, where would I get it serviced, repaired, etc.
Tsaxman
Advanced Driver

I owned a 308GTSi back when they could be bought for the price of a new Honda. But yes, the cost of maintenance service equaled another Honda.
F360Spider
Detailer

I live about 200 miles from the nearest Ferrari shop and I still bought one. Some models, like the 360, are very DIY with a strong community. I've worked on lots of cars and I'd say that the Ferrari 360 is the easiest car I've ever had to work on. It's made to come apart and was originally put together by hand. Most fasteners are made of actual metal and there's very little plastic in the car. The car is literally made out of aluminum and as long as you don't drive it into the ocean, should remain corrosion free forever.

Tim
Technician

Before I saw the first photo or subtitle, I knew the 400i and Mondial were going to be on this list. I'd forgotten about the Gen2 Dino (as every Ferrari lover should). There are some things that go well together, like a nice Pinot Noir and Gruyere, and Ferrari and Pininfarina fall in this category. Ferrari and Bertone? More like light beer and Swiss cheese.

That's not to say that Pininfarina didn't have a couple of misfires. But when it produced a veritable Who's Who of Most Beautiful Cars in the World, it can be forgiven the occasional mishap.

The 456 has always been a wonder to me. There's virtually nothing wrong with this car (V12? Check. Gated manual? Check) other than perhaps it being a bit too smooth and conventional in the styling. Ferrari isn't ostentatious like Lamborghini, but even by late 20th century Ferrari standards, I guess it needed to be flashier? That this gentleman's Ferrari could be had for a mere $40K just seven years ago seems astounding.
dyerhaus
Intermediate Driver

Yet, out of all the Ferrari's listed in this article, the 308 GT4 is the best driving experience you will get. I've driven all of these, and I own a 308 GT4. And I can tell you, I specifically sought that car because it's the best vintage Ferrari you can own (unless you're looking a the V12s and have a few million to spend). It's the only Ferrari in this list that gives you that "true Ferrari experience" when driving, the experience you expect when you get behind the wheel of a vintage Ferrari.
Iso_Grifo
Instructor

The GT4 and the 400/412 for me. They're both a lot better looking than the other cars on the list in real life. In my opinion, the 400/412 is a lot nicer than the ungainly 1960's 2+2 V12's that were better off being used to make 250 GT SWB, Testa Rossa, and various other recreations. I'll take the hate for that comment -- it's true.
dyerhaus
Intermediate Driver

Agreed! As a 308 GT4 owner, and someone who's driven all the cars listed above, the 308 GT4 is simply the best driver of all of them, and coincidentally, the easiest to maintain. Worth every penny.
F360Spider
Detailer

Of the group, I'd go with the Dino 308 GT4. I've seen a couple examples in person and they are very nice cars that sound great. Personally, I'd stay away from V12 models just because of the extra complexity and cost involved with keeping them running. Ferrari's aren't Porsches. They are tempermental low production race cars and can be very expensive to just keep running.

For the first time Ferrari buyer, you should know the following:


"Buy the absolute best Ferrari you can afford."
and
"The cheapest Ferrari is going to be the most expensive Ferrari."

dyerhaus
Intermediate Driver

Ha, yep! "Buy the absolute best Ferrari you can afford," is the advice every Ferrari owner gave me when I was shopping. I bought the best 308 GT4 that I've ever seen and couldn't be happier.
elldorado2000
Detailer

Aging Ferrari's are going to be an interesting study in after market parts. Ferrari quits supporting the electronics on some of it's not quite so old cars. As cars get more and more electrified, we might be able to see what we are going to run into with the overwhelming amount of electrics in our more mundane vehicles.
dyerhaus
Intermediate Driver

In all honesty, finding parts for any Ferrari is a bit of a challenge, even relatively current models.
JAG
Detailer

I had an uncle that worked at Ferrari in Modena, still have the 1:43 250 LM he gave me in 1969. Don't see that car on this list! No matter these cars still has a prancing horse on the hood in these cases the back side of the sword hurts. Even though they are a bit mundate all are still rare cars... with exotic maintenance costs. Not for the faint of heart. I always wanted to like the 456 but there is something wrong with the car. Mechanically it's all Ferrari, so as mentioned all the crazy maintenance, but styling it's more like a 1992 Supra. That's why it's on this list. Maybe a wheel change would help. Great comment on the 348, as a junior Testarossa it is getting some looks. Mondial and 308...sorry owners not good looking in the dark. 400-412 maybe the best of the flawed.
I drive my cars, and sometimes hard, so will stick with a C6 Z06.
dyerhaus
Intermediate Driver

Ha! As a 308 GT4 owner, I can agree that these cars suffer from being un-photogenic. You have to get a really good photographer to make it look good in a photo (kind of like the Audi R8 imo). But, I think they look incredible in person! And they are the best driving car on this list of Ferraris.
Rick2
Instructor

A Ferrari with useable rear seats is like a Porsche with rear seats. It kind of defeats the purpose.
Frequentbuyer
New Driver

I have owned a 348 x2, 355, Mondial, and a 456. I was just moving from a deal to a deal, enjoying each car for about a year or two and reselling. I have also owned several other non-Ferrari exotics. I just love handmade cars and respect the engineering-art combinations. When I saw the estimated prices presented here, I wish I had held on to all of them. If you're considering buying one, just do it. Be careful with your selection, maintain it to specifications, and enjoy.
Inline8OD
Technician

Could we park the interminable Ferrari fawning? Enzo had little interest in his street cars beyond they paying for his sole passion, racing. No Ferrari is rustproofed, and the dash switches in a friend's '63 Lusso are the same off-the-shelf junk used in Fiats and other inexpensive cars. The car sorely needs an overdrive.
Walter Mitties fuel the used Ferrari market as much as anything. Like Rolls-Royce and what pass for "Bentleys" these days, Ferrari's most interesting feature remains deft marketing.
Most Ferraris drive well--for their inflated price, they should -- but Hagerty's rampant coverage suggests they do so to the exclusion of all else. Let's examine some others, and perhaps also get off the endless Ford/Chevy/Mustang/Camaro/Cuda "muscle car" kick.
Let's increase our scope, broaden our horizon, There are plenty of other interesting cars from the past 120 years.
hyperv6
Racer

The real issue here is not value of the cars but the required cost to keep them viable. The cost for much of the required maintenance is more than what the people who buy these models can afford,

Add in some of these had major rust issues and other problem that drives of the expense of ownership.

Sadly many of these cars are worth more in parts than together.

The Dino 246 was one of the rare exceptions where the value and demand changed. Same for some unpopular 250 versions as they have been rebooked into more popular models.
Gary_Bechtold
Specialist

348 is my favorite of the "less loved" models. I do like the 456, surprised it gets so little attention.
TG
Technician

Folks have interesting taste in appearances. Out of all of these, The only one I would personally call ugly is the 456. The big thing with a lot of the other ones is they are on the short side for a traditional Ferrari... but not ugly. The 400/412 doesn't look like a Ferrari at all and it does have a bit of awkwardness to it... But sometimes what you want in a collector car is something that makes folks go what the *** is that? Most of these 'bargain basement' Ferraris are still a little too rich for my blood, but I could see a 412 in my garage if I came across the right one at the right price
carguyjim
Detailer

I have been tempted by a 400GT (manual) or a 348 Spyder but I am reminded of the old Rolls Royce wisdom that "It's not the price of admission, it's the maintenance nightmare"
I will TRY to keep the "big head' in charge!!!!
spdfreak
Intermediate Driver

I had a 75 308GT4 back in the 80's and it was a good car. Totally reliable and didn't try to kill me by burning the wiring harness like my 71 V12 E-Type. I sold it before it needed another clutch, though. It was not fast... at all. But it sounded great. BTW, the GT4's looked way better in some colors like red and yellow with the lower half in black.
dyerhaus
Intermediate Driver

I have a '75 308 GT4 as well, and I couldn't agree more!
JSievers
Instructor

Beauty lies in the eye of the beholder, but I have never shown my 456M without at least one spectator saying it was their favorite car of the entire show. Sure it's understated, but it's also sleek, comfortable and fast - even with the automatic.
cslandry
Intermediate Driver

Ha! I get the same reaction with my 1915 Model T speedster. 🙂 I'd sure like to try it with a 456M some day . . .
Tonoos
New Driver

Certain Ferraris cause a chemical reaction in my body as if looking at the most beautiful naked woman who ever lived. I've wanted one for over 50 years.
After a 4th near-death experience I decided to finally buy one. A new exotic car store opened 10 minutes from me and a Ferrari mechanic is also 10 minutes away.
I looked at a 2003 360 Spider, dark blue, with tan striped interior. I started it up in the showroom.
Having studied I knew the tops on this model don't fold down all the way auto and this one dented the paint. Another flaw is the inside of headlamp covers fog up and it's a major chore to remove them.
You don't have to remove the engine to adjust the belts so that maintenance only costs a few grand.
When push came to shove I listened to my gut. I asked my stomach what to do and it clearly conveyed "Rent one for a week instead, don't be a sucker".
The gut is the aggregation of everything the mind has ever known,
consciously, subconsciously, unconsciously.
But man what a car!
dyerhaus
Intermediate Driver

I fell in love with the 308 GT4 when I first saw one at the age of 17 (which was in 1987). I just bought one last month, about two weeks before my 52nd birthday. I spent the 35 years in between getting to know these cars, I read books, magazines, spoke with folks, and then when the internet came around, I scoured that almost daily. I attended car shows, joined car clubs, and went on many, many driving experiences with owners. When I finally found a way to afford a Ferrari, I knew exactly what I was getting into, and I haven't regretted the decision for one second. The only thing that's really a surprise for me is that I did it—I never thought I'd be able to afford one of these (and it's one of the 'affordable' Ferraris). Their prices just kept getting higher and higher, it took me a long time to catch up. But I'm glad I did.
Wayneweikel
Pit Crew

I cannot lie. I love the 308 GT4 and the 400/412. Wedges are great salads and Ferraris... I stand behind both.
dyerhaus
Intermediate Driver

The 308 GT4 is the best one on the list. 😉
SAG
Technician

400i
Class & Function.
V12 at its best.
Over the top Luxury.
SAG
Technician

I collect sedans.
Series 1 Maserati QP
Jag's.
Luxury & Performance.
Why not have both.
Have Italian 'performance cars', _
_o'h there are 4 of us ?
PorscheMan
Intermediate Driver

Meh, the first three are fugly with a capitol FUG! 348, is okay, not great, not crap but I've liked the 400's since day one and want a 550-stick now before they rip.
MisterCarGuy
Pit Crew

I have been writing about Ferraris since the 1990s. I have driven every one of these cars during my career as an automotive journalist. The pick for me of the cars selected is the 456 model. It a grand, grand tourer - comfortable and fast with lots of understated Italian luxury. Some think the styling rather bland but in person, it's elegant and well executed - especially when you look at the Transformers styling of some of today's performance cars. However, potential buyers need to be cautious with these (and, really, any used) Ferrari. These are complex cars made in low numbers so sourcing some parts will be a challenge and surprisingly expensive. Plus, there is the curse of the prior owner to consider. As the cars age and the market value drops, many owners engaged in something known as "deferred maintenance" (think of what happened to NYC's streets and bridges when they did that). You would want a low mileage, well loved (and maintained) example - it will be expensive but will be your best purchase option. Case in point, we had one 456 M show up at a Ferrari rally once that the buyer bought from a non-Ferrari used car dealer for "bargain basement" money. It was a disaster and he barely finished the 100 mile rally because of reliability issues. Finally, finding a good Ferrari-experienced show to work on these cars is paramount! Not everyone who spins a wrench knows what Ferraris are so if you live miles from a reputable shop with a great Ferrari service reputation, shop for another marque.