Recommendations for under $40,000.00

Discussion in 'Ferrari Discussion (not model specific)' started by Spectre, Apr 1, 2004.

  1. Spectre

    Spectre Karting

    Apr 1, 2004
    Atlanta, GA
    What Ferrari would you buy under $40,000.00 and why?
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  3. cavallo_nero

    cavallo_nero Formula 3

    Nov 3, 2003
    Full Name:
    Giovanni Pasquale
    Any 308QV or carb car. Best bang for the buck with investment potential would be a 308 fiberglass Euro car (performance wise) IMO.
  4. Ashman

    Ashman Two Time F1 World Champ
    Silver Subscribed Owner

    Sep 5, 2002
    Full Name:
    Five years ago I would have said a 400i 5 speed. So I did. Today my answer would be the same. Plenty of change left over from the $40K, too.

  5. TigerAce

    TigerAce Formula 3

    May 29, 2003
    Dallas, TX
    Full Name:
    Yoshi Ace
    Yes, I agree w/ Cavallo Nero on any 308QV or carb car for the value. They are less than $40K, but could move up in 5 years to over $40K. Of course, by then, dollar value may not be that strong as now. You can also get 328 for $40K, if you look for patiently.
    For 4 seaters, you can find early Mondial in that price range, too. One time someone posted $22K Mondial Coupe here.
  6. Husker

    Husker F1 Veteran
    Silver Subscribed

    Dec 31, 2003
    western hemisphere
    What about 348's? Are any to be had that are near the $40K mark?
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  8. 575Mike

    575Mike Formula 3

    Mar 11, 2004
    Full Name:
    A 328GTB. It's one of the most beautiful modern era Ferraris ever made. The photos of the car do do it justice. One sold last spring for $42K and it was pretty darn nice. One can be purchased for below $40K. LFSC had a nice silver car they sold in that price range.
  9. tr328

    tr328 Formula Junior

    Jun 19, 2003
    Pacifica, California
    Full Name:
    You can find a nice 308 gts or for a few more dollars get a 328 gts. Shop around and get a pre-purchase inspection.
  10. allanlambo

    allanlambo F1 Rookie

    Jun 9, 2002
    Full Name:
    Skip Ferrari, buy a 930 Turbo or Lotus TT V8.
  11. DodgeViper01

    DodgeViper01 F1 Veteran

    Oct 1, 2003
    I would say a nice 328 or a rougher 348 but at $40K a 348 would be a little hard.
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  13. DodgeViper01

    DodgeViper01 F1 Veteran

    Oct 1, 2003
    A Lotus would be nice and less maintence.
  14. ShanB

    ShanB Formula Junior

    Jul 9, 2003
    Full Name:
    For $40K I would buy a well-sorted 348 (Motronic 2.7) that just needs a major service. Buy some tools, do your own work and learn the car inside out. With any sports car, the purchase price is not what really gets you, it's the maintenance costs and the headache of having to take it to a mechanic for every little piddly thing that you don't know how to do. And regardless of make or model, there are a lot of "little things"....
  15. Aureus

    Aureus Formula 3

    Porsche 930 or 928 S4
    Lotus TT V8
    Wait for the Lotus Elise (its supposed to be about 40k right?)

    A sub 40k Ferrari just doesn't seem like it would be worth it. With any of those your maintenance costs will be less and they are all great fun cars that will probably give you a lot more enjoyment, speed wise, than similarly priced Ferraris.
  16. Spectre

    Spectre Karting

    Apr 1, 2004
    Atlanta, GA
    Thanks for the replies thus far.

    Not interested in a Lotus although I think the Elise is nice. It's too small and hard to get in and out of.

    I originally was looking hard for a 348 but now I can't seem to find any lower than the 50's. A 348 is truely what I'm looking for. As for the 328's, they seem to have held their value much better than the 348's as I see them more often priced higher than the 348's. I'm starting to like the 308's a bit more as they increase in age, but I still think of Magnum PI which ruins it a bit for me. Aren't 400's 12 cylinders? I saw on this board that a 30k service on a 308 was 8.5k, what would it be for a 400?

    Finally, I've seen Mondial coupes in the teens, which is still an option. What are some thoughts on Mondials?
  17. jimpo1

    jimpo1 Two Time F1 World Champ
    Silver Subscribed Owner

    Jul 30, 2001
    Dallas, TX
    Full Name:
    Jim E
    $8500 for a 308 30k is rape, plain and simple. I personally know people that have paid anywhere from $2k to $5k, depending on the shop and additional services. $8.5 is high for a 12 cylinder. And yes, a 400 is a 12.

    I'd suggest a 328 for that money, nice examples can be found for that price. I know of 2 for sale in the Dallas area priced pretty close to that.
  18. Dave

    Dave F1 Rookie

    Apr 15, 2001
    Little Rock
    Full Name:
    David Jones
    "I saw on this board that a 30k service on a 308 was 8.5k"

    Where did you see that? Thats the cost for a complete rebuild.

    If I had a $40k budget, I'd get a car around $32k, and then have enough put aside to maintain a car of this age.
  19. silverf1modena

    silverf1modena Formula Junior

    Actually, you can get a 348 in the 40k range. Don't be scared off by the prices listed at the dealers pr sellers. You can always deal them down. I have seen a silver 348 TB at Symbolic Motorcars and don't know if they still ahve it but they were selling it for $48K. Actually it was listed for $54k but then it went down. I think it was because the previous owner did some custom interior work to it and most purists were turned off by it. It had red suede interior, which didnt look that bad and a in dash TV screen for rearview monitering. It had about, if Im not mistakin, 12-16K miles. If I'm wrong, please forgive me. If you're intersted, you should check it out. The car was there for quite a bit, like almost 2 years and like I said, I think its because of the interior, cuz I saw the car and it was hella clean.
  20. f355spider

    f355spider F1 World Champ
    Rossa Subscribed Owner

    May 29, 2001
    I would suggest a 328... perhaps this one? (not mine, but a friends...) Bet you could talk him down to $40k, maybe a bit less.... :)

  21. mondial85

    mondial85 Karting

    Sep 9, 2003
    Full Name:
    Casey Slattery
    You can find nice mondial cabs in the low to mid 30s. Top down fun, low repair bills and all the great engine music you expect from a Ferrari. I like the body of the 308 more than the mondial, but I too can't get past the Magnum PI aspect. Both are a great choice though.
  22. Dave

    Dave F1 Rookie

    Apr 15, 2001
    Little Rock
    Full Name:
    David Jones
    If the Magnum PI thing is bothering you about the 308GTS,
    Then get a 308GTB, or a 328GTB.
  23. Dom

    Dom F1 Veteran
    Rossa Subscribed Owner

    Nov 5, 2002
    Southern California
    Full Name:
    Dom V.
    308 GT4, with plenty left over for maintenance/upgrades.

  24. Chiaro_Slag

    Chiaro_Slag F1 Veteran

    Oct 31, 2003
    Full Name:
    A really nice 308! Classic styling and a solid car.
  25. Attitude928

    Attitude928 Formula Junior

    Nov 1, 2003
    The Ferraris mentioned;
    Maserati: Khamsin, Sebring, Ghibli 4.7, 3500GTi, Indy;
    Lamborghini: Jarama S, Islero S, Espada;
    Iso Grifo;
    AC Frua 428 Coupe;
    Facel Vega HK500;
    Jensen: CV-8, Interceptor;
  26. Gatorrari

    Gatorrari F1 World Champ
    Silver Subscribed

    Feb 27, 2004
    Full Name:
    Jim Pernikoff
    I found my 328GTS for less than $40K, but be careful, since the less expensive ones may not have been as well cared for or serviced.

    And if anyone cares, the service book for the car indicated that the 30K service cost about $3500, which sounds about right.
  27. venusone

    venusone F1 Rookie

    Mar 20, 2004
    My sister's husband just bought a 2001 Viper for 45G. To think I almost bought it... I like the 348 looks better than 308 & WILL find one for myself.
  28. BigTex

    BigTex Seven Time F1 World Champ
    Rossa Subscribed Owner

    Dec 6, 2002
    Houston, Texas
    Full Name:
    I agree with venusone.

    When I park my 308 next to a 348, there's no comparison.

    But then when I pay my repair bill and he pays his.... again, there's no comparison! :)

    For $40K you can shop hard and get a carb 308 AND a GT4 to run for parts.

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