by Michael Sheehan
Very few Ferraris are bought only for the concours circuit. While most
of the market attention is focused on the multi-million-dollar 250
SWBs and 250 LMs, you can have a prancing horse in your driveway for
less than $25,000. True, you wonât ever get to drive a 308 onto the
lawn at Pebble Beach, but youâre sure to be a hit at the local show
and shine. More important, driving every Ferrari, from the most humble
250 GTE to the latest 360 Modena, is a unique experience, one not
matched by any other car.
If youâre going to drive your Ferrari on a regular basis, which I
highly recommend, here are the five I suggest you consider.
Up to $25,000
The choice is unquestionably the 1974-79 308 GT4, or for those who are
gluttons for mechanical tinkering, the 1980-84 400i. Both have four
seats (sort of), both are Ferraris, and both are available under
$25,000. The 8-cylinder 308 GT4 is nimble, has a great engine sound,
and is as low maintenance a Ferrari as you could hope to buy. The 400i
is bigger, more powerful, more sedate, a businessmanâs express. With
12 cylinders, and often botched DOT/ EPA certification work (all 400s
are gray market), the 400i can be much more expensive to maintain.
These cars are twenty years old or more, and most have been used hard
and put away wet. Before you buy, have the car of your choice
inspected by a mechanic and good body man. The cost of an engine and
transmission rebuild on either car can quickly exceed the purchase
price of the car and put you financially very deep underwater. Having
a body man look at the car will help ensure that youâre not buying six
cars pieced together into one, or that the dreaded rust god hasnât
built a chapel in the rocker panels under some well painted Bondo.
$25,000 - $50,000
In this range, the choice is easy- any of the 1977-79 308 GTS or 1986-
89 328 GT series cars. They are comfortable, instantly recognizable as
a Ferrari, and very user friendly. Adequate performance (given their
age) and a great engine sound all add up to a great driver. The same
caveat applies; have your potential purchase inspected by a qualified
mechanic and body man. Major mechanical problems can easily run up
half the purchase price of the car in a nano-second. While the world
might not recognize a 400i as a Ferrari, every kid in the world knows
what a 308 is.
$50,000 - $100,000
48 SCM Pocket Price Guide Vol. 5 - www.sportscarmarket.com There are
three choices in this price bracket, a 1982-84 512 BBi -Boxer,-1990-92
348, or 1995-current 355. The Boxer was the top of the line when new
and is easily the fastest of these three, in case you happen to spend
a lot of time on the Autobahn. The 348 is cheaper and attractive, but
can be high maintenance. The 355 is by far the best city car of the
group, and the most refined. The choice is very subjective. Test-drive
all three before you choose and then vote with your wallet for the car
of your choice.
$100,000-200,000
Pick from the 1968-73 Daytona coupe, 1965-66 275 GTS, or 1966-68 330
GTS. While Iâm a Daytona fan, Iâd opt for the 330 GTS simply because
itâs lighter, shorter geared, and more user-friendly for around-town
driving. It offers the ultimate joy of a Ferrari owner: putting the
top down. Remember, the older the car, the greater the need for the
inspection. Why commit financial suicide when buying a car?
$200,000 and up
My choice would be a 1972-73 Daytona Spyder. The Daytona Spyder offers
the best combination of features in any Ferrari, with stunning good
looks, a top that goes down, an engine sound to die for, and acres of
horsepower. Driving doesnât get any better. It is interesting to look
back at the prices of these same cars in 1989 and smile, knowing that
they can be bought today for approximately 25% of the 1989 price.
While they donât have the tremendous upside offered in the late Î80s,
they also donât have the tremendous downside risk associated with
insanely high prices.
Buy one of these cars. Drive it. Enjoy it. Ferraris were meant to be
driven. |