Hello, I'm new. | FerrariChat

Hello, I'm new.

Discussion in 'Ferrari Discussion (not model specific)' started by ZR1, Dec 23, 2006.

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  1. ZR1

    ZR1 Karting

    Dec 23, 2006
    113
    USA
    Hello everyone :D

    I currently do not own a Ferrari. I have thought about purchasing a Ferrari for a long time. I orignially thought it would be much too expensive, I didn't even bother to look. I expected a $150,000+ price tag. Then one day I saw a 308 in the newspaper selling for $30,000. All of a suddent my world changed. Maybe I too can afford a Ferrari?

    I have owned many Corvettes in my life. I am looking for a Ferrari that can produce good quarter mile times. I don't want to be in a slow car where every Camaro with an LT1 can blow my doors off. Or worse, someone who has a blower in a Honda Civic.

    At first, I was thinking about the 308GTS, but I have done some homework and many people say it is a very slow Ferrari. I then looked around and saw the 348 and I fell in love with the style. It is a beautiful car. But how does it perform? Should I look at the Testarossa instead?

    My only other big worry is the cost of maintaining a Ferrari, and what the life expectancy of a Ferrari is. I have owned Corvettes well into the 100,000+ mile range. I have an LT1 that is at 168,000 miles and it runs very strong. They are cheap to maintain for the most part (I do much of the work myself). But I hear Ferrari's need to be serviced by authorized dealers since the engine needs to be lifted when belts are changed, and this costs over $3,000 to do. Is that a correct assessment?

    I hope people who own the 308, 348, or Testarossa can write a few words about what owning a Ferrari is like, the expenses, the good, the bad, and the ugly.
     
  2. Kieran

    Kieran F1 Rookie

    Jul 23, 2006
    4,202
    Westchester, NY
    Full Name:
    Kieran
    I'd hate to see a Ferrari go to a life of drag racing.
     
  3. testarob

    testarob F1 Rookie

    May 13, 2006
    2,504
    Debary, Florida
    Full Name:
    Rob
    +1

    If you want 1/4 mile times, stick with American Muscle...

    (and as a new member, it helps if you fill out your profile)
     
  4. ZR1

    ZR1 Karting

    Dec 23, 2006
    113
    USA
    Thanks for the reply. It was very usefull. :confused: :rolleyes:
     
  5. Darolls

    Darolls F1 Veteran
    BANNED

    Jul 2, 2003
    7,782
    Full Name:
    Sparky
    Welcome!

    Owning and maintaining a Ferrari will definitely cost more than the Corvette.

    The price of parts alone can be exorbitant.

    Since I'm tired now, I suggest you do a search....there's much information to be had on FerrariChat.

    Don't let anyone tell you that you can get by on the cheap!

    Again, welcome to our world. :)

    And don't think of a Ferrari as a drag racer; that's not what they're made for. :D
     
  6. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,594
    Gates Mills, Ohio
    Full Name:
    Jon
    Welcome to FChat. I'd have to agree with the previous post - if you plan on dropping the clutch doing burnouts in a Ferrari you'll need an ample budget for parts. In fact, if you drag race your Testarossa you could blow out your $15,000 differential.

    You might check out sponsor Ricambi America (sponsors link up top) for some ideas of prices, but they can be eye-watering.

    The 308/328 can be serviced at the $3K you mentioned, every 3 years, because the engine can remain in the car for the timing belt service. For the 348 and TR, the engine must be removed. Figure $4K+ for a 348 major (at an independent). I'm not a TR guy, but $6K+ seems about where you would start for a major/engine-out on the 12.

    I would say there's little comparison between Corvettes and Ferraris, other than two seats, and rear-wheel drive. One's an iron front-engined muscle car, others are mid-engined, high-revving exotics. The Corvette benefits (and suffers) from the GM parts bin and mass production. Ferraris benefit (and suffer) from a lot of limited run parts and hand-assembly/finishing. In a sense they live at opposite ends of the spectrum in terms of how cars are made and engineered.

    If you want good quarter mile times now, you probably want a 360 Modena. A 308 was quite good in its day, but 30 years later it's a 30-year old car.

    If you want an exotic, and can forego the Ferrari mystique, the Lotus Elise would be an amazing track car for $30K (lightly used).
     
  7. ZR1

    ZR1 Karting

    Dec 23, 2006
    113
    USA
    Thanks Darolls,

    I was starting to wonder if I joined the right forums with the reply left by Red_Ferrari_F40. I'm a guy who wants to get performance for my hard earned dollars. Quarter mile times are important if only for one reason- I don't want to be in a car that is all show and no go. My idea of a good time is not driving to starbucks and showing off while sipping a cappuccino and watching all the 18 year olds drool. I am a driver. I like to feel the road, to be in a car that sticks to the road and has good power. My idea of a good time is finding a long road in the middle of nowhere that has curves and good scenery.
     
  8. ZR1

    ZR1 Karting

    Dec 23, 2006
    113
    USA
    Hi Bullfighter, thanks for the welcome. I am not interested in exotic cars so much as Ferrari's. I grew up watching Magnum PI. I know... that is not the best reasons to want a Ferrari. But I have to say, that when I started looking at 308's, and then 348's, I really like the body style of the 348. There is something about the way a Ferrari looks that is very appealing to me.
     
  9. docweed

    docweed Formula Junior

    Dec 8, 2004
    452
    Morgantown,WV
    Full Name:
    Chuck Stewart
    Welcome aboard. The first thing you will be asked is to fill out the Public Profile. Yes, there are many great Ferraris under $100,000 and yes maintenance is expensive. The 308s and 328s are really not that bad and if you have any automotive skills then you can work on them yourself. The more expensive ones will be more costly to maintain and require much more skill and experience to wrench on yourself. I couldn't help but feel that you maybe missing the "Spirit" of Ferrari. It is a thoroughbred exotic built for high speed, endurance, and finesse with an impeccable racing history. It is not a dragster and was never intended to be. If you are mostly interested in times between telephone poles then maybe you ought to look at a Z06. Ferraris are fast but IMO are above the drag scene.
     
  10. Darolls

    Darolls F1 Veteran
    BANNED

    Jul 2, 2003
    7,782
    Full Name:
    Sparky
    Then a 308 QV might be right up your alley.

    You'll get good take-off by bringing up the Rs and dropping the clutch; but don't do it on a regular basis.

    If you do break the gearbox or engine, figure on a major expense!

    Remember, these car are made for high-speed maneuverability, not out-of-the-shoot, heart pounding acceleration!
     
  11. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,594
    Gates Mills, Ohio
    Full Name:
    Jon
    It's a fine reason. Ferraris are a visual and driving experience far different than regular production cars (including my ex-Porsche, which was nice in its own right).

    Just go into this knowing you're going back 13+ years to get a 348, and read up in the 348/355 forum here about the cars' special needs. It has been discussed extensively. It takes patience, mechanical respect for the car and a bit of cash to own an old Ferrari (or a new one, come to think of it...)
     
  12. ZR1

    ZR1 Karting

    Dec 23, 2006
    113
    USA
    Thanks for the input! I am going to read the 348/355 section next. I like the 308, but I love the design of the 348. It looks more beautiful than the Testarossa to my eyes. The only reason I am considering the Testarossa is because it has the V12 and is the fastest in my price range. The reason I am considering the 308 is because I have read it is the least expensive to maintain and it is a reliable, well-built sports car. Also, Magnum was my favorite television show, so I like the 308 for nostalgic reasons. The 348 looks like a more modern 308. If Magnum would have continued (or have been made into a movie), I believe they eventually would have moved from the 308 to the 348.

    The way I view a sports car is this- I don't redline them or beat the hell out of them. But at the same time, I want to know if I need the power it is there waiting. The last thing I want to have happen is to take my girl out for a drive, and have someone in a Honda honk their horn as they go flying by in their 300HP four door sedan. Call it a personal flaw if you will, but if I am in something that gets attention, then I do not want to be embarrassed.
     
  13. testarob

    testarob F1 Rookie

    May 13, 2006
    2,504
    Debary, Florida
    Full Name:
    Rob
    Let me give you my perspective from a Testarossa owner's viewpoint. First of all, the TR is a 30 year old car and there will be lots of cars that can out perform it (yes, even a Civic)...

    http://www.hotrod.com/featuredvehicles/22838_1989_honda_civic_si/

    ... but I now understand your reference to the 1/4 mile time a little better. It was not to show intent, but to measure relative performance.


    From an emotional perspective, I have had nothing but thrills every time I get behind the wheel of my TR. At close to 400 hp it certainly has 'get up and go'. There are many cars that turn better 1/4 miles (the TR will do low 13's) but the top end speed of over 180mph separates it from the pretenders. I added HyperFlow cats and XOST performance exhaust for a little boost in hp, but more importantly for a significant improvement in sound. And, in my opinion, the styling of this Ferrari is one of the all time classics.


    Bullfighter gave some reasonable numbers on maintenance (although the 6k figure for the engine out service is low for the TR if you have it done at a dealer).

    My TR is what would be considered a high mileage F-car at over 60,000 miles, but has had significant work done over the past year or so, including new transmission/differential, clutch, 30k service, etc. There are several threads on this topic that can be found by searching the forums (a good skill to practice before asking questions or posting new threads). It runs great now. And yes, the heads do turn when they see you.

    If you are considering a TR, be sure to know the condition/history of the vehicle before jumping in. A PPI (pre-purchase inspection) is worth every penny.

    Twelve cylinders baby...

    Welcome to f-chat!
     
  14. TexasMike

    TexasMike F1 World Champ

    Feb 17, 2005
    10,485
    Austin, Texas
    Full Name:
    Michael C
    A Honda Civic with a turbo or supercharger will blow away any of those Ferraris. So will a stock Mustang and lots of other cars. Anyone who knows anything about Ferraris knows that they aren't made to be 1/4 mile drag cars.

    If you want a Ferrari and don't want to get blown away by piece of crap Hondas, then you need to step up to the big leagues and buy a F40, F430, 599 or an Enzo.

    ...and BTW, Ferrari has a great history (All you seem to know of is Magnum PI). Some people actually buy the older models because of the history behind the car, not how fast it will run in the 1/4 mile.
     
  15. TexasMike

    TexasMike F1 World Champ

    Feb 17, 2005
    10,485
    Austin, Texas
    Full Name:
    Michael C
  16. Greg Z

    Greg Z Formula Junior

    Oct 22, 2006
    468
    Chandler, AZ
    Full Name:
    Gregory L. Zelinski
    Listening to you, I get the sense that a Ferrari is not a car for you. First of all you have given no price range, except that you saw a 308 for 30K. You have made mention that high dollar maintenance is not for you. There is a huge difference in both the purchase price and the maintenance from a 308 to a TR. So I guess my question is, What can you spend or want to spend on this car purchase? If you don't want to get beat in a street race you will have to be in a 360 at least and you will still get beat alot. There is alot of powerful competition out there right now. Alot of those are also modified with an additional 100 to 200 horsepower for what it would cost you to put chip, headers and exhaust on a Ferrari!(No bashing plz, this was a very general remark).
    This may sting a little but IMO if you want the Ferrari look and the power and reliabilty of an LS1, then a very nice 35k to 50K Replicar might be a good place for you to look. the purist here are cringing right now, but I think a replicar would be a good compromise to give you both of want you want. Good luck and enjoy whatever you choose.
     
  17. 3omar

    3omar Formula Junior
    Silver Subscribed

    Dec 16, 2003
    328
    United States
    Full Name:
    Omar
    You came here to this site full of Ferrari owners and enthusiasts to ask what we think of your plan, so step back from your preconceived ideas and try to understand what people are saying. :)

    If after that you still want to go ahead and buy a Ferrari based on quarter mile numbers, by all means, go right ahead . . . So here goes my 2 cents-worth:


    IMHO, the driving experience of a Ferrari has always been about 2 main things:

    - Carrying as much speed as possible through corners (achieved with balanced handling and light weight, among other things)

    and,

    - Extracting as much power as possible from a relatively small engine (achieved by fine tuning the breathing, designing the engine for high RPMs and using light weight components, among other things)

    Straight line performance has always taken a backseat to those 2 objectives.

    In addition to the driving experience, and apart from prestige-related reasons, people also buy Ferraris because of the company’s long racing heritage and (especially with vintage cars), because of the passion with which Enzo Ferrari pursued his dream of building cars.

    Buying a Ferrari is a serious commitment and unless you like the car for what it is (not what you want it to be), your ownership experience will be a disappointment.
     
  18. Argento839

    Argento839 F1 Veteran

    Oct 21, 2005
    9,103
    Owning a Ferrari is about an experience....the look, the sound, the feel, the history, the friendship with fellow Ferrari owners....... A run of the mill mustang may beat you stoplight to stoplight but it is a mass produced car that just isn't special or interesting..... Those in the "know" know it is about more than stoplight racing.....even for the guy who owns an Enzo that will go 0-60 in 3 seconds....
     
  19. madmaxbeyondthunderdrome

    May 17, 2006
    4
    San Diego Kalifornya
    Full Name:
    Marc Blum
    As a 1991 ZR 1 owner I know these guys don't appreciate the oddity of the zr1 corvette. The uniqueness of the 350ci DOHC 23v 375HP is standard fare for the ferrari crowd (well the cubic inches is not) but the car is more expensive to maintain than you run of the mill vette. mind you I agree that the ferrari is the peak of auto perfection. And the cost of such makes for a different type of owner. But the work on an older ferrari is usally done by your mechanics while we are most times left to work on the zr1 ourselves. My Chevy dealer refuses to touch mine as they don't have a qualified tech.

    I have pined for a ferrari since the early seventies as a young boy. I remember the cars and the used car prices well. Oh I wish... But the biggest problem was maintenence. A late 60's car would be easily serviceable by me but the cost of getting in the door would be a stretch.

    I don't profess knowledge of the ferrari. I personally see them as pure mechanical art. and no other car would come close to that. my ZR1 is as close as i come now. And i may jump in to a ferrari should that ole lotto come in. And who knows I have been really considering a 400i as another project for a semi daily car.

    welcome to the board zr1
     
  20. Shark01

    Shark01 F1 Veteran

    Jun 25, 2005
    6,478
    These aren't the cars for you. A Porsche 930 turbo would get you a lot closer to your goals for 308 money. mod it to 500 hp and terrorize everything on the road.
     
  21. SGM

    SGM F1 Rookie
    Owner Silver Subscribed

    Sep 27, 2006
    2,797
    Rockville, MD
    Full Name:
    Steve
    Back in the day I had a 5.0 mustang with about 10 grand in motor work and the best time was 11:16 at 118mph. Is there any Ferrari that can beat that time? I don't think there is. The car new was around 25 grand + 10 for the motor which was a very cheap price tag compared to the price of owning a Ferrari. My point is stick to American muscle for drag racing. I have had my 348 for a few months and I have had a few guys want to race me. I tell them sure, first one to 190 wins. Most of them don't know my car is 12 years old and that it won't do 190 so it shuts them up. And if they are still skeptical I show them the spedometer, point out that it goes to 200 and I also emphasize to them that a Ferrari is for top speed and handling not for a 1/4 mile race. I had one guy with a vette tell me that his car would blow mine away. I said that it probably would but at least mine wasn't made by a company that also makes mini van's. Boy did he get pissed. I also asked him how many time has he had people take pic's of his car while he is driving it. He didn't reply and just walked away. I love everything about my Ferrari, and wouldn't want another sports car. Except of course for the day I trade it in for a newer model.
     
  22. sguinn

    sguinn Karting

    Nov 12, 2005
    151
    Arkansas
    Full Name:
    Spencer Guinn
    I have owned both cars you are discussing, the 308 and the 348. If you are looking for something to beat the 16 year-old in his tricked-out Honda in straight-line speed, then you will need an over $100K Ferrari (maybe over $200K). If you take him to a highly technical, twisting road then your 348 will do very well, though.

    I just sold a Chrysler 300c SRT8 that had a few simple mods and close to 500 HP. This car would beat my friends 360 in the straights, but forget it with corners. New Pontiac GTOs are advertised here with dealer rebates for $26K.

    Since I am new here also (one year), I don't want to discourage you. I can tell you that the Ferrari is the only car that I have ever gone into the garage just to look at. The experience is completely different from the SRT, our '03 Vette (sold also), or any of the other high-end cars I have owned. People stop and take pictures of your Ferrari, and it's hard to leave the gas station without people stopping to ask questions. I have a friend with a $200K Bentley, and he can drive through town unnoticed, but my $30K 308 used to stop traffic (literally!!)

    Many of us do our own work, especially on the older models. That's what makes this board such a great resource.

    Spence
     
  23. Bullfighter

    Bullfighter Two Time F1 World Champ
    Lifetime Rossa Owner

    Jan 26, 2005
    22,594
    Gates Mills, Ohio
    Full Name:
    Jon
    Good post. I think this says it.
     
  24. Argento839

    Argento839 F1 Veteran

    Oct 21, 2005
    9,103
    Steve & Karen, let me know when you want to get rid of your car. I love it!
     
  25. AEHaas

    AEHaas Formula 3

    May 9, 2003
    1,465
    Osprey, Florida
    Full Name:
    Ali E. Haas
    #25 AEHaas, Dec 24, 2006
    Last edited by a moderator: Sep 7, 2017
    “Back in the day I had a 5.0 mustang with about 10 grand in motor work and the best time was 11:16 at 118mph. Is there any Ferrari that can beat that time? I don't think there is.”

    The Enzo has been clocked at 10.9 and 136 MPH out of the box. With a bunch of wheel slip I still managed 13.0 at 110 MPH in my 6,100 lb. Maybach 57. The wife’s car does a 12.5 at 118 with a gentle, no clutch slip start.

    I guess if somebody challenged me I could also use the phrase “OK, first one to 200 MPH wins, pink slip for pint slip.” That’ll quiet most people.

    Whether driving or parked, people are always taking pictures of these cars. The 308 and 328 get the same treatment. Exotic cars are just that, exotic. They are rare and desired by all car enthusiasts. Personally I never challenge drivers to a race. It is simply unimportant to me. I own my cars for their intrinsic beauty and my own enjoyment. I often walk (kind of a hike actually) to the garage just to stare at the cars, just look them over. I love them.

    Yet, they are just cars, just stuff. If I lost everything and still had my wife I would have everything I need.

    Happy Holidays.

    Ali Haas
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