Here’s a dilemma that doesn’t come up often: Would you get an old Ferrari or a new Ford?
An article on Top Gear raised that general question, and while things are a little different over in Europe, it applies here as well. The Ferrari in question is the 348, a midengine, rear-wheel-drive V8 2-seater built between 1988 and 1995. Fewer than 9,000 were built, which might make you think the car has appreciated in value over time.
Not so much.
It’s not cheap by any means, but here in the U.S. a 348 can be found for around $35,000. In the UK, prices are generally about 25,000 pounds, which is the number Top Gear used for comparison.
On our turf, we’ll stick with the $35K number. For that you’ll get a 25-year old car, a potential maintenance nightmare and a striking looker that’ll send your friends and neighbors head over heels. Is it worth getting one over a comparably priced new car like a Mustang GT?