Not every used Ferrari comes with a six-figure price tag. And yes, there are plenty of classic examples from the Italian automaker that will set you back millions, but others can be had for less — far less. Ferrari collectors play favorites, and the cars that find themselves left out in the cold are surprisingly affordable compared to their more sought-after siblings.

With that in mind, we put together this list of 10 of the cheapest Ferraris currently on the market, ranging from decades-old classics to almost-new options, to demonstrate the full breadth of what the words “cheap Ferrari” really mean for your bank account.

Ferrari Mondial

There may not be a more maligned Ferrari than the Mondial. It’s hard to understand why. The mid-engine, wedge-shaped 2+2 presents well within the brand’s styling language of the era (it was on sale from 1980 to 1993), and although it doesn’t offer world-beating performance, it’s far from a slouch, with later cars delivering up to 300 horsepower from a small-displacement V-8.

And yet, as you’ll see from this list, any time you add a rear seat to a Ferrari, you’re taking a flamethrower to its value among collectors. Try as it might (and with nearly a half-dozen Mondial models available, including convertibles, it really did try), Ferrari just couldn’t convince the faithful they needed this four-seater in their driveway as a more practical prancing horse. The oversupply on the market, combined with nearly the same trepidatious maintenance costs as other Ferraris, have conspired to keep the Mondial the cheapest Ferrari you can buy.

• Engine type: 3.0-liter V-8 (Mondial 8, Mondial QV) / 3.2-liter V-8 (Mondial 3.2) / 3.4-liter (Mondial T)
• Horsepower: 214 (Mondial 8) / 240 (Mondial QV) / 270 (Mondial 3.2) / 300 (Mondial T)
• Torque: 179 lb-ft (Mondial 8) / 188 lb-ft (Mondial QV) / 224 lb-ft (Mondial 3.2) 239 lb-ft (Mondial T)
• 0–60 mph times: 5.6 seconds to 8.2 seconds
• Base price: N/A
• Estimated market price: $25,000–$40,000

Ferrari 400 GT / 400i / 412

Before the Mondial, Ferrari relied on the 400 series to offer customers a commuter option to go with their weekend sports car. Smartly styled with large greenhouses and gently sloping hoods, the 400 GT (1976–1979), 400i (1979–1985) and 412 (1985–1989) were variations on the same theme that continued well into the Mondial era.

Their key difference, of course, was that these models featured a front-mounted V-12, a driveline combo long prized by classic Ferrari fans. The curse of the back seat has kept these admittedly gorgeous coupes from soaring to the same heights as Ferrari’s other classic coupes, although their comfortable driving dynamics make them easy to live with on a daily basis. Their relative attainability has also inspired many folks to turn them into convertibles post-factory, as seen below. The 400i added fuel injection to the 400 GT’s 4.8-liter, 12-cylinder engine, while the 412 provided just a bit more displacement. Power output for the 400 series ranges from 340 (400) to 315 (400i) and back up to 340 again (412).

• Engine type: 4.8-liter V-12 (400 GT / 400i) / 4.9-liter (412)
• Horsepower: 340 (400 GT) / 315 (400i) / 340 (412)
• Torque: 319 lb-ft
• 0–60 mph times: 7.0 seconds
• Base price: N/A
• Estimated market price: $40,000–$70,000

Ferrari 308

There exists an entire generation of Americans for whom the Ferrari 308, regardless of trim, is forever linked to the Magnum P.I. television show. We’re not blaming Tom Selleck (or his mustache) for the modest prices attached to the 308; instead, it’s a combination of middling performance matched with an overabundance of models out there due to its lengthy 1975–1985 production run.

In all fairness, Ferrari 308 prices have risen quite a bit over the past few years, moving from a $30,000 car to one that trades for at least double that when looking at a good driver. Collectors, frozen out of the V-12 Ferrari coupe game, are now more willing to forgive modest horsepower from the 308’s 3.0-liter V-8. It also doesn’t hurt that both the hardtop GTB and targa top GTS feature Rad-era styling that has come back into fashion with a vengeance.

Those seeking the most grunt should target carbureted 308s from the 1970s (around 240 horsepower) or the later Quattrovalvole editions produced between 1982 and 1985 (230 horsepower). Unless you’re bargain hunting, it’s best to avoid the 205-hp early fuel-injected editions sold from 1980 to 1982.

• Engine type: 3.0-liter V-8
• Horsepower: 240 (GTB/GTS) / 205 (GTBi/GTSi) / 230 (Quattrovalvole)
• Torque: 209 lb-ft (GTB/GTS) / 185 lb-ft (GTBi/GTSi) / 192 lb-ft (Quattrovalvole)
• 0–60 mph time: 6.7 seconds
• Base price: $45,000
• Estimated market price: $64,000–$110,000

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Ferrari 348

The Ferrari 348 replaced the 308 as the brand’s “entry-level” eight-cylinder sports car in 1989. A major styling shift placed the 348 neatly alongside the V-12 Testarossa in terms of visual appeal, and an even more important upgrade in the engine bay considerably boosted the 348’s performance over its predecessor. An update arrived in 1993, and numerous special edition models (including the wide-track Serie Speciale and the GT Competitzione) helped pad out the lineup until sales ended in 1995.

Unfortunately for 348 values, it had the bad fortune of sharing a global stage with the Acura NSX, whose arrival midway through the Ferrari’s production shone a spotlight on the Italian car’s quality shortcuts, lack of day-to-day comfort, and not inconsiderable maintenance expenses. Succeeded by the 355, a vehicle that regularly trades for multiples of the 348’s current value, it’s been overshadowed by rivals both at home and away, keeping prices reasonable.

• Engine type: 3.4-liter V-8
• Horsepower: 296
• Torque: 238 lb-ft
• 0–60 mph time: 5.6 seconds
• Base price: $95,000
• Estimated market price: $70,000–$100,000

Ferrari 360

It’s possible to label the Ferrari 360 as the first truly modern V-8 coupe built by the brand. Gone was the need for expensive engine-out service, and much of the hustle and bustle that made long-distance driving a raucous and occasionally back-breaking experience had been banished, too. Offered from 1999 to 2005, the 360’s focus on ergonomics and overall engineering made it a spectacular sports car and one that could legitimately claim a technological edge over many of its competitors.

Why, then, is the 360 so much cheaper than the fan-favorite 355 that largely defined the ’90s for Ferrari? Is it the lack of pop-up headlights? The fact that the 360 didn’t star in its own arcade game? Or was its more civilized personality somehow detrimental to the car’s charisma? Whatever the reason, it’s perhaps the most screaming deal on this entire list for anyone who wants a high-performance exotic they can drive daily without worrying too much about tripping over a five-figure scheduled maintenance bill. It’s also one of the most recent Ferraris that can be reliably found for sale with a manual gearbox.

Photo: Getty Images

• Engine type: 3.6-liter V-8
• Horsepower: 400
• Torque: 275 lb-ft

• 0–60 mph time: 3.9 seconds
• Base price: $138,000
• Estimated market price: $80,000–$103,000

Ferrari Roma

The cheapest current Ferrari is the Roma, and although it might come with a starting price well north of $200K, used models from its debut 2021 model year have fallen under the $190,000 mark.

What do you get with the Roma? Unlike any vehicle we’ve profiled to this point, there isn’t much about this coupe that doesn’t come across as a high-tech marvel, and although its performance and footprint might make it more grand tourer than knife-edge sports car, it still has a hefty twin-turbo V-8 engine pouring out more than 600 hp to help get the blood flowing. It’s an intriguing alternative to the Porsche 911 Turbo, albeit without the all-wheel-drive grip.

• Engine type: 3.9-liter twin-turbo V-8
• Horsepower: 611
• Torque: 560 lb-ft

• 0–60 mph time: 3.3 seconds
• Base price: $222,000
• Estimated market price: $189,000–$205,000

Ferrari 330 GT Series I

The Ferrari 330 GT’s near-$200K value on the classic car market might not seem like it suffers from the same curse as other four-seat models from the brand, but when looking at multi-million-dollar contemporaries like the 250 GTB or even the two-seat 330 GT (which goes for between $500,000 and $700,000), it’s clear that at least a little market sparkle is missing from this V-12 powered touring car.

And yet, the 1964–’65 330 GT Series I is a thoroughly respectable car to drive. Heavier than the coupes, it can’t quite match their antics on a twisty road, but then again, your kids in the back seat probably won’t know the difference when they hear that V-12 wailing out at full throttle.

Photo: Getty Images

• Engine type: 4.0-liter V-12
• Horsepower: 300
• Torque: 244 lb-ft
• 0–60 mph time:
• Base price: N/A
• Estimated market price: $190,000 (starting)

Ferrari BB 512

Introduced during roughly the same period as the epoch-defining Lamborghini Countach, the Ferrari 512 Berlinetta Boxer (or “BB”) has seen its own star suffer as a result. Despite offering excellent performance for its time, the lack of outrageous bodywork or three-comma doors has kept the BB from attaining the same heights as the Countach on the classic exotic market.

The 512 BB replaced the 265 GT4 BB, and it brought with it a 5.0-liter, mid-mounted V-12 producing a familiar 340 hp. You can see in the 512’s lines the same inspiration that would guide Ferrari through the body shapes of the 308 and the 348 that followed it, and the car didn’t look out of place when it was retired (as the fuel-injected BBi) in 1985.

Also notable? The 512 BB was on the leading edge of the “gray market” wave that saw Americans importing Italian sports cars that couldn’t meet U.S. emissions or crash test standards and modifying them to meet the bare letter of the law.

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• Engine type: 5.0-liter V-12
• Horsepower: 340
• Torque: 333 lb-ft
• 0–60 mph time: 6.2 seconds
• Base price: $38,000
• Estimated market price: $200,000–$280,000

Ferrari 365 GTC/4

The Ferrari 365 GTC/4 presented the evolution of the 365 GT four-seater when it arrived in 1971, and it pushed the look of the car into a dramatically different styling space with its swooping fenders, blunted wedge hood and pop-up headlights. Also key to the 365 GTC/4 experience is a shorter wheelbase than the 2+2 models that had come before it, giving it character that’s prized among Ferrari collectors who own multiple models from the marque.

Built until 1973, there’s enough room for the entire family and just enough creature comforts to make the journey pleasant compared to other classics that aren’t nearly as concerned with their passengers. Only 500 examples were made, but that rarity hasn’t done much to move the pricing needle, making the 12-cylinder 365 GTC/4 yet another ’70s bargain.

• Engine type: 4.4-liter V-12
• Horsepower: 340 (320 U.S. market)
• Torque: 318 lb-ft
• 0–60 mph time: N/A
• Base price: $27,500
• Estimated market price: $210,000–$275,000

Ferrari 296 GTB

Topping our list of cheapest Ferraris is the current-day 296 GTB. You’ll notice it’s $120K more expensive than any other entry, and that gives you a solid idea of just how high the cost of Ferrari ownership has climbed. Featuring a turbocharged V-6 that pairs with a hybrid electric system to generate 818 hp, the 296 GTB has much more in common with the automaker’s current Formula One program than it does with any of the heritage cars mentioned here, but that doesn’t make it any less desirable among customers eager to trade their disposable cash for limit-pushing technology they can park in their garage.

• Engine type: 3.0-liter twin-turbo V-6, single electric motor
• Horsepower: 818
• Torque: 546 lb-ft (plus 232 lb-ft electric motor)
• 0–60 mph time: 2.3 seconds
• Base price: $313,000 (2022)
• Estimated market price: $340,000 (2024)

Cheapest Ferraris highlights

• The Ferrari Mondial is estimated to be the cheapest used Ferrari you can buy today
• Four-passenger, 2+2 Ferraris are less expensive than their contemporary two-seat models
• The Ferrari 308 is still cheap but no longer the bargain-basement choice it once was
• The Ferrari 360 is the most affordable modern era Ferrari
• The Ferrari 512 BB delivers Countach-era performance at a serious discount·
• Expect to pay as little as $40,000 for the cheapest classic Ferrari on the market, and up to $325,000-plus for a modern “cheap” Ferrari

Photos by Bring A Trailer, MotorTrend Staff, Alan Muir