Yes you can join the exclusive Ferrari owners club for less than $50,000 but why not join the even more exclusive non-red Ferrari owners club? This yellow 1989 328 GTS below will do the job. It is for sale by Michael Sheehan for $49,500. The purchase price is just the start though with Ferrari, be careful with maintenance cost and any repairs that may need to be done right away.
Here is a beautiful blue 1994 Ferrari 348 Spider listed on eBay for $44,999. The seller says it is "ready for the road".
This 1975 Ferrari Dino 308 GT4 is listed for $27,500 at Bobileff Motorcar Company.
They are out there - the Ferrari for less than $50,000.
A proper pre-purchase inspection is always recommended. Also, be sure that you fit in the car - remember how Tom Selleck's head stuck out the top of the Ferrari he drove on his TV show Magnum P.I.?
Just before I posted this I received an email from Michael Sheehan with his article from the December issue of Sports Car Market titled "Finding a Ferrari for $100k or less". I did write this post above before I saw his article. It seems we are thinking along the same lines but my number is half of his target and he does not mention color.
these Ferraris are fully depreciated
the newer the Ferrari the better
do not buy a car with needs
define your budget, understand the cost of maintenance
always do a pre-purchase inspection
spend more up front
All good advice from the expert.
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