The mention of the name Ferrari springs to mind visions of supercars, sky high prices and thus the exclusive playground of the unthinkably wealthy. Well, such an image would be half-right. Ferraris are expensive, but buying yourself a used Ferrari might be a way to get you behind the wheel of the car you've always wanted, at a price you can't refuse.
The 612 Scaglietti began life with a price tag of £213,000 upwards. Pretty extortionate, but you'd expect to pay top dollar for the best grand tourer out there right? If a 612 is what you're after but you haven't got £200,000 to drop, try looking around for a 2 year old model with about 10,000 miles on the clock; a price tag of £110,000 might seem a little more reasonable. Yes the car is used so be wary of the usual pitfalls, but that £110,000 will still get you that 5.7 litre V12, that space-age styling and ultimately, that badge.
The more sporty 599GTB also began life around the £200,000 mark. The 599 was hugely popular, drawing most of its technology and engineering directly from the infamous Ferrari Enzo. Used prices reflect this: an 2 year old model with 17,000 on the clock will still set you back a good £150,000. For the best in sports car engineering, however, some may see this as a bargain.
The third model in Ferrari's current lineup is the more 'everyday' Ferrari California. Exquisite styling meets practicality, with Ferrari's cutting edge engineering underpinning it all. Brand new in 2008, a California cost around £170,000. Now, if you're lucky, you might find an '09 model with 3,000 miles on the clock for around £150,000. However, these models are few and far between on the used car market, and given the current economic climate, it's likely to stay that way for a while.
However, if you're budget isn't a whopping 6 digits long but you still have your heart set on a Ferrari, you might still be in luck. A 1999 Used Ferrari F355 with 22,000 miles on the clock can be snapped up for around £35,000. Or, a 1995 456GT with around 35,000 miles on the clock can be snapped up for just as much. Obviously, these older cars come with more precautions that'll need to be considered before buying. Ferrari's sports engines were built with performance in mind, as opposed to robust reliability at 30,000 miles. As such you should expect maintenance costs to be a little higher than usual. The older a car gets, the patchier its history may have been, so always be sure to have a good rifle through any paperwork there may be. But don't let all of this put you off. Do your homework - find yourself a good model in good condition, and you could be on to a winner.
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