These 9 Ferraris Are Either On The Rise Or Still Relatively Affordable
- October 1, 2018
- Posted by CCW
Few people are able to use the words “Ferrari” and “affordable” in the same sentence, but Turin has indeed produced a number of sports cars that are easier on the wallet than you might expect.
A panel of experts discussed some of those “affordable” gems in a recent Hagerty seminar, at the 54th annual Ferrari Club of America International Meet in Corning, New York. Panelists included Dave Kinney, car collector and the publisher of the Hagerty Price Guide; Tom Yang, a noted Ferrari restorer and mechanical expert; renowned detailer Tim McNair, owner of Grand Prix Concours Preparation; and Stephan Markowski, of RPM Motors in Vermont.
The panelists brought their own Ferrari ownership experiences into the mix. Kinney has a 612 Scaglietti, Yang is still driving the 1963 330 GT America he’s owned for 20 years, Markowski brought along his slightly hot-rodded 1975 308 GT/4, and McNair has been over and under every type of Ferrari you could imagine. Obviously “affordable” means different things to different people, particularly in the world of Ferrari. So keep in mind that we’re talking in relative terms–a few of these cars are already expensive. That said, let’s dive in.
Ferraris on the rise
Ferrari 330 GT 2+2
Ten years ago, you could buy a 330 GT 2+2 grand touring car for $65,000. Today a #2 (Good) condition Series II is normally in the $280,000 range, a pretty huge jump. But it could go higher. Everyone noted that most any 12-cylinder Ferrari is special, and long gone are the days when people would buy these cars only to put the V-12 into a more valuable model. Could this still represent a buying opportunity? The panelists thought so.
Ferrari 400 and 412
The grand touring V-12 parade continued with Ferrari 400 and 412. The panelists agreed that these cars are going to continue to rise in value. Time has been kind to this design, and people tend to see the wedgy shape and say, “Hey, why didn’t I like about these before?” Both can be found between low $30K and low $40K, with a premium for the more-desirable five-speed manual transmission. There was a time when maintenance was likely deferred on these cars, so get those service records. These are very capable and powerful cars and values will continue to rise as collectors get over this car’s old stigma and accept it as a legitimate stablemate to the other prancing horses.
Ferrari 308 GTB and GTS
Another Ferrari rising in value are the carbureted 308 GTB and GTS models. There’s something about that little 2.9-liter V-8 with its quartet of carburetors that people find more appealing (and valuable) these days. In the last 10 years, the 308s have risen from around $31K to more than $114K for a #2-condition car. I’ll admit, after driving a carbureted 308 back-to-back against my injected version, there is a difference. The carbureted 308s offer an experience that’s a little more raw than the injected versions. They sound better, too.
Ferrari 275 and 330 GTS
Ferrari Dino 308 GT4
In a bit of a surprise to the seminar audience, last in the “remember when” section of the seminar: the early Dino 308 GT4. The design of this model was an outlier for Ferrari, which used the Bertone styling house instead of Pininfarina. These cars were wider than the later 308s and had a small 2+2 capability, longer wheelbase, and more luggage capacity. Why did they remain unloved for so long? In today’s light, they are outstanding cars and a better choice for many American-sized drivers. The Dino 308 GT4 has the same 2.9 liter V-8 as the later carbureted cars, same five-speed transmission, and the same sounds. Buy one before it’s too late, as these are starting to sell in the $50,000–$75,000 range at auctions around the world.
Relatively affordable Ferraris… for now
1989–93 Ferrari Mondial T
2004–10 Ferrari 612 Scaglietti
Ferrari 330 GT Series I 2+2
Ferrari 365 GT 2+2
Ferrari 550 Maranello
A final note
Several cars were discussed for both lists, including the Mondial T, the early carbureted 308 GTB and GTS models, and the 308GT4. These cars seem to have moved swiftly through “affordable then” to “affordable now” with only a brief pause at “you missed it.” The general feeling here is that these are great cars and are only now getting a lot of attention. People are also beginning to maintain them properly again, which means there are more on the road to look at and appreciate.
Report by hagerty.com