7 Affordable Ferraris for New Collectors: Start Your Prancing Horse Adventure

Dreaming of a Ferrari? Those sleek, fast machines scream style and speed, and they’re not just for millionaires! You don’t need a huge bank account to own one. The used car market has plenty of Ferraris that won’t break the bank, offering the thrill of the Prancing Horse at prices regular folks can handle. This guide dives into seven budget-friendly Ferrari models perfect for first-time collectors. We’ll mix in some practical tips to make your buying journey smooth. Prices shift with condition, variant, and trends—our latest data from 2025 gives the best estimates—so always check current listings. Let’s roll into the world of affordable Ferraris!

Seven Budget-Friendly Ferraris for Beginners

Here’s a lineup of seven reasonably priced Ferraris for new collectors. Each blends performance, history, and value, with prices pulled from Classic.com and enriched with older insights for context.

1. Ferrari Mondial (1980–1993)

o Cost: $20,000–$50,000

o Engine: V8, 2.9L to 3.4L

o Power: 214–300 horsepower

o Why It’s a Deal: The Mondial is the cheapest ticket to Ferrari ownership. Its 2+2 setup, with room for four, isn’t a hit with purists who want two-seaters, so prices stay low. Early Mondial 8 models pump out 214 hp, but the later Mondial T cranks it up to 300 hp with a smoother 3.4L V8. A mid-engine layout adds flair, and its practicality makes it a steal for value hunters.

2. Ferrari 308 GTB/GTS (1975–1985)

o Price Tag: $30,000–$85,000

o Engine: 2.9L V8

o Horsepower: 240–252 hp

o Why You Can Afford It: Famous from Magnum, P.I., the 308 is a classic that’s still within reach. Ferrari made over 12,000 of them, so there’s plenty out there, keeping costs down. Choose the GTB coupe or GTS targa-top for that sharp, wedge-shaped look and a V8 that roars. It’s not the quickest today, but its iconic vibe makes it a collector’s treasure.

3. Ferrari 328 GTB/GTS (1985–1989)

o How Much: $47,000–$99,000

o Engine Type: 3.2L V8

o Power Output: 270 hp

o What Makes It Affordable: The 328 builds on the 308 with a beefier 3.2L V8 and 270 hp. It’s easier to maintain than older Ferraris, a big plus for newbies. The GTS’s removable roof lets you feel the breeze, and at under $99,000 in 2025, it’sa solid upgrade from the 308 with better reliability. That said, some well-preserved models can even go above $150K.

4. Ferrari 348 TB/TS (1989–1995)

o Cost Range: $42,500–$78,000

o Engine Specs: 3.4L V8

o Horsepower: 300 hp

o Why It’s Budget-Friendly: Back in the day, the 348 was Ferrari’s entry-level ride, and it’s still a bargain. Its 3.4L V8 kicks out 300 hp, with a mid-engine design that nods to Ferrari’s racing roots. Some say its handling lags behind rivals, but itscool looks and prices sometimes under $50,000 make it a great pick. The top sale at Classic has gone above $400K, though.

5. Ferrari F355 (1995–1999)

o Price Estimate: $42,000–$112,000

o Engine: 3.5L V8

o Power: 375 hp

o Why It’s a Steal: The F355 steps into modern Ferrari territory with a 375-hp V8 that screams up to 8,500 rpm. You can pick from Berlinetta, GTS, or Spider styles—coupe or convertible. The rare manual gearbox adds excitement. For under $112,000, you get a true supercar feel without the crazy price. Hagerty mentions the highest sale price above $200,000 and Classic over $300,000, which is probably not the one you would want as a first-time collector.

6. Ferrari 360 Modena (1999–2004)

o Cost: $50,000–$114,000

o Engine Details: 3.6L V8

o Horsepower: 400 hp

o Why It’s Within Reach: The 360 Modena delivers modern performance on a budget. Its aluminum chassis keeps it light, and the 3.6L V8 pushes 400 hp, hitting 186 mph. Easier to fix than older models, it’s a top choice for first-timers. Prices as low as $50,000 in 2025 make it a standout.

7. Ferrari 456 GT/GTA (1992–2003)

o Price: $23,000–$71,000

o Engine: 5.5L V12

o Power: 436 hp

o Why It’s Affordable: The 456 is a rare V12 Ferrari you can actually afford. This 2+2 grand tourer mixes luxury with a front-mounted 5.5L engine, zooming from 0-60 mph in just over 5 seconds. Its Pininfarina design looks classy, and at under $80,000, it’s perfect for collectors craving that V12 sound. However, the good condition models of 456 can even go above $200,000.

Tips to Buy Your First Ferrari

Jumping into Ferrari ownership is exciting but tricky. These tips, inspired by expert advice, will help you avoid pitfalls and enjoy the ride:

1. Check the Service Record: A complete history from a Ferrari dealer is a must. These cars need careful upkeep, and missing records could mean costly repairs. Make sure every oil change and big service is documented.

2. Budget for Upkeep: The price you pay is just the beginning. Expect to spend $1,200 or more each year on servicing. Tires cost about $360 each, and cambelt changes can hit $600 or higher. Older Ferraris might cost even more, so plan ahead.

3. Get It Inspected: If you’re buying from a private seller, hire a Ferrari expert to check the car. Look for worn brakes, tires, or suspension—signs it wasn’t cared for. This step saves you from big repair bills.

4. Consider Financing: You don’t need to pay cash. Options like hire purchase or lease purchase let you pay over time. Some dealers throw in warranties, which help with unexpected costs. Financing makes owning easier.

5. Love It, Don’t Bank on It: Some Ferraris gain value, but most affordable ones are for driving, not investing. Pick a car that makes your heart race, and know that maintenance is part of the fun.

6. Join the Ferrari Crowd: The Ferrari Owners Club and local groups are full of tips, from finding good mechanics to checking a car’s history. Connect with other fans to make your journey smoother.

Wrapping It Up

A Ferrari isn’t just for the super-rich. Models like the Mondial, 308, or 360 Modena show you can own a Prancing Horse for under $100,000—sometimes way less. But with great cars come great responsibilities. Check service records, plan for upkeep costs, and pick a Ferrari that excites you. Whether you want the classic style of a 328 or the modern power of a 360, your dream car is closer than ever. Start researching, meet other Ferrari fans, and dive into this epic adventure!

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