by Mike –
In the market to add to or start your classic car collection and don’t want to spend more than $40,000? How about a Ferrari for under $40,000? It will be a piece of junk though right? Not necessarily. You will will get plenty of looks, reliability, classic style, not to mention performance.
That’s asking for a lot.
But for less than $40,000, a classic Ferrari 308GT or its successor the 328 is yours for the taking, or buying. Imagine a Ferrari V8 engine wailing right behind you.
The Ferrari 328 GTS was released for model year 1986 it replaced its older sibling the 308. This update included an increase in displacement to 3.2-liters, exterior refinements that made it more aerodynamic, and a refreshed interior. The car was launched at the 1985 Frankfurt Auto Show and became an instant hit during its four years of production with more than 6,000 cars being sold – around five times as many as its hard-topped brother, the 328 GTB.
The 328 is in reference to its 3.2-liter 8-cylinder engine. The engine produces 270hp and 231 lb-ft of torque and is capable of a top speed of 163 mph with a 0-60 mph sprint of 5.9 seconds in its 5-speed trim. Those numbers are respectable even by today’s standards, and were an absolute blast in the mid-80s.
We all know the Ferrari 308GT as the car that Tom Selleck made famous in the hit T.V. show Magnum P.I.
I took this photo above of the Magnum P.I. Ferrari 308GT in October 2011 on a tour of the Petersen vault.
This TV show was a huge publicity boost for Ferrari especially in the USA. Notice how Tom Selleck always had the top off and his head was right at the level of the roof line? Don’t forget he is 6 ft 4 in tall.
The condition is important because fixing a problem with a low cost Ferrari can seriously hurt the investment especially if something is wrong with the engine. These are the kind of classic Ferraris that if you buy smart take care of them in a few years you can sell it for what you paid, or close. So, the cost of ownership is the cost of maintenance, or close – not bad for a real Ferrari.
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