• The Cheapest Ferraris Money Can Buy Today (2022)

Here’s a comprehensive guide to the best beginner Ferrari’s.

The cheapest new Ferrari on sale today starts at over $210,000, which is a lot of money. But what if you want the full-fat experience of owning a prancing horse without having to break the bank? Fear not because we have compiled a list of proper Ferraris that will make you look like a million bucks for the price of a new Accord!

1981 Ferrari Mondial 8 - $29,950

1980 - 1982 Ferrari Mondial 8
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The Ferrari Mondial has built up a bad reputation especially amongst Ferrari collectors and but after all these years, it might be getting the right kind of attention. It is a special piece of automotive engineering because it is the only 2+2 mid-engined convertible ever made. Launched back in 1980, the Mondeal was built alongside the 308 and the 348, the Mondeal shared its engine and a lot of kept drivetrain components with these V-8 Ferraris. When new the Mondeal produced a mere 214 horsepower and with its nine-second 0 to 60 mph time, it was quickly regarded by magazines and journalists across the board as one of the worst Ferrari’s of all time. Designed to be the perfect amalgamation of a Sports car and a GT, this Jack of all trades quickly turned into the Jack in the Ferrari line-up.

But over the years, Ferrari kept improving the Mondeal and by 1982, the Mondeal Quattrovalvole was cracking the 60 mph barrier in just 6.4 seconds, and by the time it reached its final iteration as the Mondeal T, it was doing the same in 5.6 seconds. The Mondeal also got lighter by each consecutive iteration with increased use of aluminum and fiberglass which not only aided in weight reduction but also improved its torsional rigidity. By 1989, the Mondeal T was had redeemed itself as a proper sports car, but the addition of complex electronics over the years made it fragile and prone to electrical failures. For those of you who want to get your hands on one, we’d recommend the earlier cars. Though slow on power and speed, they do not lack character. They are also one of the cheapest Ferrari’s to maintain with average annual maintenance ranging between $6,000-$10,000. With well-kept examples ranging between, the Ferrari Mondeal 8 is probably the cheapest and safest way to get your hands on a prancing horse today considering their rising value in the used car market.

The Cheapest Ferraris Money Can Buy Today (2022) Exterior
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1981 Ferrari Mondial 8 specifications
Engine 3-liter V-8
Transmission 5-speed manual
Power 214 horsepower
Torque 179 pounds-feet
Power-Weight Ratio 143 bhp/ton
0-60 mph 8.2 seconds (claimed)
Top Speed 143 mph

Read our full review on the 1981 Ferrari Mondial 8.

1975 Ferrari Dino 308 GT4

The Cheapest Ferraris Money Can Buy Today (2022)
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The Dino nameplate was reserved for entry-level Ferrari’s and the 308 GT4 is the underdog Ferrari that ticks all the right boxes. For the first three years of its production, the 308 GT4 was a Dino and was later changed to Ferrari. Ferrari’s initial idea was to brand all the cars with less than 12-cylinders as a Dino but they quickly got to grips with the ramifications of this approach and voila, from 1976 on the 308 GT4 was a true Ferrari. Just like the original Dino 246 GT, the 308 GT4 was extremely experimental in its approach. For starters, it was the first production Ferrari to use a mid-engine V-8 and was one of the rare Ferrari’s to be styled by Bertone instead of the brand’s staple, Pininfarina. This new and daring approach meant it was received with a lot of skepticism by Ferrari purists at the time of its launch and the Dino badge didn’t help make things better considering how the V-6 powered original was disregarded as a real Ferrari due to its lack of power.

But unlike the original Dino V-6, the 308 GT4 was no slouch. The transversely mounted V-8 was good for 240 horsepower but US regulations would choke the power output of later models to 203 horsepower which is a shame. The 308 lineups consisted of the GT4, GTB, and GTS models and despite its lower sales, the older GT4 happens to be the better driver’s car. It is all these factors that make the 308 GT4 a special Ferrari and with more and more people coming to grips with this fact, prices have started to climb which makes this a sure-fire investment in the long run. The Dino branded 308 GT4s are the sweet spot considering their rarity and the more powerful, pre-regulation spec engine. They are also some of the easiest Ferrari’s to maintain and thanks to the fairly simple and easily accessible V8 motor. But cosmetic rust is a fairly common problem, especially with cars that have spent most of their lives in and around the coast so do keep that in mind when you go looking for one. Expect to spend around $40,000 for a high-mileage example.

The Cheapest Ferraris Money Can Buy Today (2022)
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1975 Ferrari Dino 308 GT4 specifications
Engine 3-liter V-8
Transmission 5-speed manual
Power 203 horsepower
Torque 210 pounds-feet
Power-Weight Ratio 167 bhp/ton
0-60 mph 6.7 seconds
Top Speed 154 mph

Read our full review on the 1975 Ferrari Dino 308 GT4.

1978 Ferrari 308 GTS - $59,899

The Cheapest Ferraris Money Can Buy Today (2022)
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This is one Ferrari that needs no introduction thanks to its unforgettable appearance in Magnum PI and other Hollywood heavy hitters. The Ferrari 308 was launched back in 1975 and became a pop culture icon during its production which lasted over a decade. In typical 70’s fashion, the 308 exemplifies form over function. The cramped cabin and heavy clutch made it a pain in town and on long journeys but all that didn’t matter because it was the Ferrari to be seen in. However, there’s no getting away from the fact that the 308 GTB was one of the best driving cars from that era. Powered by a 2.9-liter V-8 with 224 horsepower, this entry-level Ferrari was properly fast, capable of breaking the 60 mph barrier in just 6.1 seconds, provided you could fit in one.

If you are over 6-feet tall, we suggest you look at other options from our list because this cabin is seriously tight. The popularity also means that they sold them by the boatload, so finding one should not be a problem but for the same reason, it’s not exactly a collector Ferrari. This means that one can find well-kept examples for under $65,000. The tubular steel chassis is vulnerable to corrosion but the lavish use of fiberglass implies most of them look spot free on the outside, so make sure you get under the car before getting one. The drop-top GTS models are more sought after, but then their age combined with flimsy roof seals means these cars are more prone to weathering, and water in the cabin can lead to serious electrical problems so keep an eye out for that. The fuel-injected 308 GTBi and GTSi are more responsive but the early Bosch fuel injection can be tricky to work on and tend to cost more to maintain in the long run, so novice collectors will be better of sticking with the early carbureted examples.

The Cheapest Ferraris Money Can Buy Today (2022)
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1978 Ferrari 308 GTS specifications
Engine 2.9-liter V-8
Transmission 5-speed manual
Power 224 horsepower
Torque 209 pounds-feet
Power-Weight Ratio 170 bhp/ton
0-60 mph 6.1 seconds
Top Speed 159 mph

Read our full review on the 1978 Ferrari 308 GTS.

1990 Ferrari 348 TS

The Cheapest Ferraris Money Can Buy Today (2022)
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The Ferrari 348 is yet another instantly recognizable icon, that beautifully captures the essence of the 90s. It was way quicker than its predecessor’s thanks to a 3.4-liter, mounted longitudinally which meant a lower center of gravity and better handling. Though the turn of speed was exceptional for the time, it was criticized for its twitchy on-limit handling which made them prone to accidents. But for the most part, it was a much better driving car, thanks to its monocoque construction, and the limit-handling problem was also sorted with a revised suspension geometry.

With prices looming around the $60,000 mark for a decent example, the Ferrari 348 range offers great value compared to its immediate predecessor, the 328, and the bigger, faster 355. Though the car has developed a bad reputation for its poor build quality and unreliable powertrain that’s a problem that plagued the initial models, so look for examples built on or after 1990 and you should be better off. This image problem comes as a silver lining for prospective buyers and collectors as it’s a key factor for this car’s affordability. Another Ferrari’s from the same era cost way more so this might just be the sweet spot especially for those who don’t mind getting their hands dirty.

The Cheapest Ferraris Money Can Buy Today (2022)
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1990 Ferrari 348 TS specifications
Engine 3.4-liter V-8
Transmission 5-speed manual
Power 300 horsepower
Torque 239 pounds-feet
Power-Weight Ratio 215 bhp/ton
0-60 mph 5.4 seconds
Top Speed 171 mph

Read our full review on the 1990 Ferrari 348 TS.

1999 Ferrari 456M GT

The Cheapest Ferraris Money Can Buy Today (2022)
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A Ferrari GT projects the spirit of a Gentleman racer better than any other marque and if you intend to enjoy the same spirit on a budget, then look no further than the Ferrari 456 GT. Made between 1992 and 2003, this Ferrari Grand Tourer was in a league of its own and continues to match modern-day GT’s with its potent V-12 packing 436 horsepower and surprisingly good NVH levels. The design is also iconic, being the last V-12 Ferrari GT featuring pop-up headlamps, it is a fitting tribute to the ’80s. With just over 3000 units produced over its decade-long production run, it is also a rare Ferrari. In 1998, Ferrari gave the 456 a light facelift, known as the 456M which got improved interiors, traction control, and a few more modern amenities, but those were made entirely in-house, unlike the early versions that happen to be one of the rare Ferrari’s whose body wasn’t just designed by Pininfarina but also manufactured by them.

Ferrari also commissioned seven coach-built units called the 456 Venice, a 4-door estate version of the car that is fetching well over $1.5 million at auction blocks. Luck for you a decent example of 456 GT can be found from as low as $60,000. The automatic version is cheaper but they aren’t as enjoyable so try looking for a manual version as they hold their value much better than the automatics. These V-12 GT’s have a reputation for being heavy on maintenance even by Ferrari standards. So look for cars with proper service history and keep an eye out for the self-leveling air suspension which tends to be a weak point for these GTs.

The Cheapest Ferraris Money Can Buy Today (2022)
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1999 Ferrari 456M GT specifications
Engine 5.5-liter V-12
Transmission 6-speed manual/5-speed auto
Power 436 horsepower
Torque 406 pounds-feet
Power-Weight Ratio 249 bhp/ton
0-60 mph 4.8 seconds
Top Speed 192 mph

Read our full review on the 1999 Ferrari 456M GT.

1983 Ferrari 400i

The Cheapest Ferraris Money Can Buy Today (2022)
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Yet another Prancing horse that’s famous for all the wrong reasons, the 400 was Ferrari’s attempt at a practical Ferrari which didn’t go as well as they’d hoped. The Ferrari 400 lineup, launched back in 1972 holds the record for the longest production run of any Ferrari body style. The ’70s was an era famous for experimental technology and the folks at Modena wanted to get in on the action. Just like every piece of consumer goods back in the day, the 400 was trying to be everything at once. This "practical" 4-seater sports car available in both coupe and convertible body styles, was powered by a glorious 4.8-liter carbureted V-12 which by 1979 was updated with Bosch fuel injection that gave rise to the 400i. In this application, the V-12 produced 306 horsepower which lend the coupe a top speed of 149 mph.

The 400i nailed the practicality bit for the most part but it was heavy and the V-12 lacked the low-end grunt that one would expect in a grand tourer/daily driver and combined with the 3-speed auto transmission option, it wasn’t a pleasant Grand Tourer either. Even the three-box design was dubbed by many as Pinninfarin’s worst since it was a stark departure from its fastback-like predecessors that oozed Italian flamboyance. But after all these years if you give the 400i a chance, it comes into its own. It is a fast, comfortable, and practical Ferrari with a glorious V-12 and if you can find yourself a manual transmission-equipped example, you are in for a treat. The engine isn’t cheap to run or maintain, but timely maintenance can help avoid nasty surprises. Even the body is pretty corrosion-resistant and this is one of those rare Ferrari’s that can seat four in relative comfort, which makes this a sensible first Ferrari for novice collectors.

The Cheapest Ferraris Money Can Buy Today (2022)
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1983 Ferrari 400i specifications
Engine 4.8-liter V-12
Transmission 5-speed manual/3-speed auto
Power 306 horsepower
Torque 304 pounds-feet
Power-Weight Ratio 166 bhp/ton
0-60 mph 6.3 seconds
Top Speed 152 mph

1999 Ferrari 360 Modena - $68,000

The Cheapest Ferraris Money Can Buy Today (2022) Wallpaper quality
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The Ferrari 360 was the beginning of a new age for Ferrari. Launched at the dawn of the 21st century, the 360 Modena was the successor to the Ferrari 35, one of the most successful cars by the auto marque. So following it up was quite the challenge but Ferrari was up for it. Underpinning the new 360 was an all-aluminum chassis that was stiffer and about 25% lighter than its predecessor. The 3.6-liter V-8 was also a much more potent unit with 400 horsepower which helped this new age Ferrari get to 60 mph in just 4.5 seconds. The new body design which sadly got rid of the iconic wedge shape and pop-up headlights was more aerodynamic and aided the 360 Modena in reaching speeds in excess of 180 mph.

The Ferrari 360 series had a production run spanning just over five years and saw three iterations including the original Modena coupe, the convertible version called the 360 Spyder, and a track-focused 360 Challenge Stradale which can fetch over $250,000. Luckily, the 360 Modena and Spyder can be had at a fraction of that price with decent examples fetching around $70,000. These modern V-8 powered Ferrari’s do not suffer any major issues except for neglect and abuse so always look for clean service history and if you want to turn your Ferrari 360 into a wise investment, then stay clear of the F1 automatics and look for the rarer and highly sought after manual examples that are sure to appreciate and are far more engaging to drive.

The Cheapest Ferraris Money Can Buy Today (2022) High Resolution Exterior Wallpaper quality
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1999 Ferrari 360 Modena specifications
Engine 3.6-liter V-8
Transmission 6-speed manual/6-speed F1 auto
Power 400 horsepower
Torque 373 pounds-feet
Power-Weight Ratio 274 bhp/ton
0-60 mph 4.3 seconds
Top Speed 184 mph

Read our full review on the 1999 Ferrari 360 Modena.

1987 Ferrari 328 GTB - $83,500

1985 - 1989 Ferrari 328 GTB
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The Ferrari 328 was a new and improved 308, that retained the beautify Pininfarina design and managed to get rid of most of the vital flaws associated with the 308. For starters, the 328 introduced in 1985 was powered by a bigger 3.2-liter V-8 that produced 270 horsepower which lent it a much faster 0-60 mph time of 5.5 seconds. The suspension was revised and it even got Anti-Lock brakes in 1988. The addition of a hydraulic clutch also made pottering around town a lot easier. Offered in both GTB and GTS specifications, the 328 saw a lot more success with the convertible GTS version which out-sold the GTB coupe by a factor of five to one.

But the body was similar to its predecessor in both shape and size, which meant the cramped cabin was still a deterrent for taller drivers and even though it got a redesigned dashboard that marginally improved legroom, space was still at a premium in this V-8 Ferrari. However, it was indeed a joy to drive and it felt like a generational leap compared to the 308. The engine too is far more reliable and well-maintained examples continue to run with the need for a major overhaul. Expect to pay around $90,000 for a late 70’s or early 80’s example and the GTS versions will be cheaper and easier to find considering their popularity over the GTBs. Try and look for examples with perfect service history even if it comes at a premium because a well-looked after example will help avoid any nasty surprises later on.

The Cheapest Ferraris Money Can Buy Today (2022)
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1987 Ferrari 328 GTB specifications
Engine 3.2-liter V-8
Transmission 5-speed manual
Power 270 horsepower
Torque 231 pounds-feet
Power-Weight Ratio 181 bhp/ton
0-60 mph 5.5 seconds
Top Speed 166 mph

Read our full review on the 1987 Ferrari 328 GTB.

1999 Ferrari F355 - $85,000

The Cheapest Ferraris Money Can Buy Today (2022)
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The Ferrari 355 was launched back in 1995 and it quickly became one of the most critically acclaimed road cars of the time. It was a big departure from the 328 thanks to a much improved 40-valve V-8 engine that produced 375 horsepower. This means that the 355 can go from 0 to 60 mph in just 4.5 seconds and onwards to a top speed of 186 mph. The 355 was truly a new benchmark and a blueprint for all future supercars that followed. During its five-year production run, four different versions were offered which included the F355 Berlinetta coupe, the convertible F355 Spyder, the F355 GTS with a removable hardtop, and the track-focused F355 Challenge which is got added power and is the most sought after of the bunch.

For collectors on a budget, however, the best bet is an early 355 in either the Berlinetta or Spyder body styles. Expect to pay around $90,000 for a decent example which might sound like a lot, but it’s a small price to pay considering the significance of this prancing horse. The 355 is relatively trouble-free but the engine does demand thorough and timely maintenance and failure to do so can result in catastrophic engine failures which will cost you a fortune to get right.

The Cheapest Ferraris Money Can Buy Today (2022)
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1999 Ferrari F355 specifications
Engine 3.5-liter V-8
Transmission 5-speed manual
Power 375 horsepower
Torque 363 pounds-feet
Power-Weight Ratio 259 bhp/ton
0-60 mph 4.5 seconds
Top Speed 186 mph

Read our full review on the 1999 Ferrari F355.

2005 Ferrari 612 Scaglietti- - $89,900

The Cheapest Ferraris Money Can Buy Today (2022)
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The 612 Scaglietti is yet another beautifully crafted gentleman Ferrari that hasn’t received the love and attention it deserves. Taking cues from the brilliant 575 Maranello, the 612 was a subtle evolution in the right direction that added a layer of sophistication and became known for its understated elegance to create one of the finest Grand Tourers of the early 21st century. But this image didn’t exactly work in its favor and with next to no marketing, the 612 was quickly overshadowed by competitors from Aston Martin and Bentley. With just 3025 cars produced during its eight-year production run, the 612 just disappeared despite ticking all the right boxes.

This does, however, mean that the people who got them, knew exactly what they were getting into, and as a result, most cars even on the used market have been cared for which cannot be said for many of the V-8 powered Ferrari’s from the same time frame. The 612 were also well built and did not face quality-related issues, however the V-12 demands a lot of attention and is notorious for gulping oil that could lead to unexpected overheating issues, so a service history is a must when looking for a used example. But the rarity does mean that this once overlooked Ferrari GT is now in the spotlight which is why prices are all over the place. It is still, however possible to find examples in the $100,000 range which is a bargain considering it’s a modern Ferrari which carried a starting price of well over $300,000 when it was new and it can be used to seat four in relative comfort, making it the perfect family Ferrari.

The Cheapest Ferraris Money Can Buy Today (2022)
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2005 Ferrari 612 Scaglietti specifications
Engine 5.7-liter V-12
Transmission 6-speed manual/6-speed F1 auto
Power 533 horsepower
Torque 434 pounds-feet
Power-Weight Ratio 284 bhp/ton
0-60 mph 4.2 seconds
Top Speed 199 mph

Read our full review on the 2005 Ferrari 612 Scaglietti.

FAQ’s

Are Ferraris expensive?
Yes, Ferrari’s are expensive. The cheapest new Ferrari currently on sale is the Ferrari Roma with a starting price of $222,620.

Where are Ferraris cheapest?
Some of the best markets to look for a cheap used Ferrari include France, Italy, and the Czech republic

How much does a Ferrari 360 Spider cost?
Prices for a used Ferrari 360 Spider start from just under $80,000.

Which Ferrari is the cheapest?
The cheapest new Ferrari on sale Today is the 2022 Ferrari Roma with its starting MSRP of $222,620.

How much does a Ferrari Spyder cost?
The cheapest Ferrari Sypder models on sale in the used car market are the 308 Spyders that range between $50,000 and $60,000.

What is the cheapest Ferrari?
The cheapest new Ferrari on sale Today is the 2022 Ferrari Roma with its starting MSRP of $222,620.

Bhavik Sreenath
Bhavik Sreenath
A keen automotive enthusiast with a love for anything with engines. He loves discovering the world of cars and technology to explore new boundaries in the field of modern-day journalism.  Read full bio
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