Most gearheads love a Ferrari. The issue is that most of their cars are super expensive. The cheapest new Ferrari on sale today starts at over $250,000, which is a lot of money. So, if you're not a millionaire, how on earth can you own a Ferrari without renting one? Well, luckily, the used car market has many options that are far more affordable.

UPDATED 2023/10/10 By Ron FP

Ferrari is one of the first brands that will come to mind when people talk about the ultra-luxury supercar segment because of its models' prestige, heritage, and proven performance. Not many people will be able to afford a brand-new Ferrari, but there are some Prancing Horses on the used car market that are already within the mass-market price range.

Using cross-referenced vehicle specifications, reviews, and pricing data from manufacturer websites, Kelley Blue Book (KBB), Classic.com, JD Power, and Edmunds, we've updated this article to give you the cheapest used Ferrari cars today.

You can pick up a Ferrari for the price of a large family SUV. How cool is that? An exotic Italian thoroughbred boasting one of the biggest names in history. How awesome would it be to own a Ferrari without paying sky-high prices for one? Here are 15 of the cheapest Ferraris on the used car market.

15 2004-2009 Ferrari F430: $173,775

Introduced in 2004, the fantastic Ferrari F430 is one of the more modern cars on this list. It's a very stylish car that succeeded the 360 in 2004. It features a 4.3-liter naturally aspirated V8 with 483 hp and 343 lb-ft of torque; that's enough power to hit 60 mph in 3.6 seconds and a top speed of 196 mph.

2004-2009 Ferrari F430 Pricing

• Base Model Original MSRP: $187,925
• Average Used Car Price: $173,775

14 1984 - 1991 Ferrari Testarossa: $137,934

The Ferrari Testarossa, powered by a mid-mounted 4.9-liter flat-12 engine, succeeded the Ferrari BB 512i in 1984. Designed by Pininfarina, the Ferrari Testarossa officially went into production until 1991, although some late production units flowed into the 1992 model year. Most Testarossa come in coupe format, but a few special models for VIPs came as convertibles - thus making them rare and very valuable in today's market. In fact, because of the perceived and actual market value of the convertibles, many factory-built coupes were transformed into convertibles by a few aftermarket vehicle customizers.

With almost 10,000 units made, the Testarossa is among Ferrari's most mass-produced models.

1984 - 1991 Ferrari Testarossa Pricing

• Base Model Original MSRP: $134,000
• Average Used Car Price: $137,934

13 2008-2017 Ferrari California: $114,138

If you live in California, this is the Ferrari to get. Why not get a car named after your state? In Ferrari terms, California is a legendary name used on iconic cars, including the beautiful 250 GT California, which was one of the best Ferraris ever made. Ferrari launched the California eleven years ago as an "entry-level" Ferrari with a base MSRP of $192,000, which isn't very entry-level-like.

2008-2017 Ferrari California Pricing

Nowadays, you can get one for under $80,000, which is still somewhat expensive, but it's about the same as a base Cadillac Escalade. It's far more stylish and far faster, with a 3.9-liter V8 that sounds incredible. It's also a drop-top which makes it even cooler, and it seats four people and has a decent-sized trunk. The perfect family Ferrari for under six figures.

• Base Model Original MSRP: $192,000
• Average Used Car Price: $114,138

12 1995-1999 Ferrari F355: $103,164

The Ferrari F355 was the first Ferrari ever to feature the F1 gearbox. It was a good-looking car with its boxy design. Production ran from 1994 to 1999, and Ferrari made over 10,000 units of the F355. It featured a 3.5-liter naturally aspirated V8 with 375 hp and 268 lb-ft of torque. It hit 60 mph in 4.7 seconds, with a top speed of 183 mph.

1995-1999 Ferrari F355 Pricing

Furthermore, it sounds great, looks great, and with prices starting at under $55,000, it's a bargain. The best thing is that the cheaper cars are the Spider models, and they look the best. They are also cheaper than a new BMW 440i. For that, you get a Ferrari badge, a V8 engine, a cloth soft-top, better looks, and a higher top speed. A genuine supercar that is dirt cheap today.

• Base Model Original MSRP: $120,000
• Average Used Car Price: $103,164

11 1999-2005 Ferrari 360: $101,081

The Ferrari 360, introduced for the 2000 model year, replaced the F355. It featured a 3.6-liter naturally aspirated V8 with 394 hp and 275 lb-ft of torque, enough to push it to 60 mph in 4.6 seconds with a top speed of 183 mph. High-profile individuals loved this supercar worldwide, even with its all-new Pininfarina-styled body.

1999-2004 Ferrari 360 Pricing

The 360 still looks pretty good today, despite it being a 21-year-old design. Prices start at under $80,000 for both Spider and Modena coupe models. It's a used luxury supercar that anyone can buy because it's so cheap.

• Base Model Original MSRP: $138,250
• Average Used Car Price: $101,081

10 1985-1989 Ferrari 328: $96,973

The Ferrari 328 was the successor to the 308 and looked the same, but it had a bigger 3.2-liter V8 with 270 hp and 231 lb-ft of torque. It hit 60 mph in 5.5 seconds with a top speed of 166 mph, so it was quick for its age. The 328 is a lovely car with its 1980s styling and enthusiasts praise it for being the most usable Ferrari classic, thanks to its durability and comfort.

1985-1989 Ferrari 328 Pricing

You can buy a 328 for under $80,000, and prices are going up. It's like the 308, but more usable. They also feature a Targa top, allowing you to remove the roof.

• Base Model Original MSRP: $71,900
• Average Used Car Price: $96,973

9 2004-2011 Ferrari 612 Scaglietti: $86,224

The Ferrari 612 Scaglietti is an amazing V12-powered grand tourer that the Italian auto brand built between 2004 and 2012. It was the predecessor of the Ferrari FF, and it was a brilliant car. Thanks to its 533 hp and 434 lb-ft of torque, it has a top speed of 199 mph and hits 60 mph in 4 seconds, making it a fast car.

2004-2011 Ferrari 612 Scaglietti Pricing

The price of the 612 Scaglietti started initially at over $260,000, which only millionaires would spend on a car. Nowadays, you can buy one for under $90,000, which is crazy for a V12 Grand Tourer that rivals the likes of the Aston Martin Vanquish.

• Base Model Original MSRP: $263,519
• Average Used Car Price: $86,224

8 1975-1985 Ferrari 308 GTB/GTS: $81,676

The Ferrari 308 is a great-looking car, and Ferrari produced it for a decade from 1975 to 1985. The 288 GTO used the same platform as the Ferrari 308, and that's an incredible supercar. The 308 became more famous by featuring in many great TV shows and films, including the legendary 1980s TV show, Magnum P.I. The 308 isn't powerful at all, though. The top GTS Quattrovalvole models had 237 hp and 192 lb-ft of torque. Hatchbacks have more than that nowadays. However, it looks cool, especially in hot places like Miami or Los Angeles.

1975-1985 Ferrari 308 GTB/GTS Pricing

The cheapest Ferrari 308 units today sell for under $50,000, which is pretty decent for a classic Ferrari built in the same era as the Testarossa and the Lamborghini Countach. Prices have risen over the last couple of years and good examples will now cost in the region of $70,000.

• Base Model Original MSRP: $45,000
• Average Used Car Price: $81,676

7 1989-1995 Ferrari 348: $76,757

The Ferrari 348 was one of Enzo's last Ferraris, so that's the first thing that makes this Ferrari a bit more special. The 348 isn't the best Ferrari, not in a million years. The 348 has the same extreme Ferrari V8 found in the 348 Competizione GT. It's a retro car that has a certain charm.

1989-1995 Ferrari 348 Pricing

But they start at around $60,000 – the same price as a Genesis GV70 with the twin-turbo V6. The cheapest models are the early TS cars with 296 hp, while the more expensive Spider, GTB, and GTS cars have 316 hp and these were fast, even for the late 1980s or early 1990s.

• Base Model Original MSRP: $95,000
• Average Used Car Price: $76,757

6 1992-1997 Ferrari 456 GT: $69,556

The Ferrari 456 GT has a 5.5-liter V12 with 442 hp, and it manages a 0 to 60 mph time of between 5.1 to 5.5 seconds. It has four seats and features a six-speed manual or four-speed automatic. Most cheaper cars feature the automatic, but that's no issue as this is a brilliant GT.

1992-1997 Ferrari 456 GT Pricing

You can pick one up for under $80,000, less than a Cadillac Lyriq Sport. The 456 GT did have a few mechanical issues that were not cheap to repair. It's fair to say that no V12 is cheap to repair, but add the Ferrari badge to the equation, and suddenly, a black hole appears in your wallet.

• Base Model Original MSRP: $217,600
• Average Used Car Price: $69,556

5 1973-1980 Ferrari Dino 308 GT4: $68,944

Ferrari introduced the Dino 308 GT4 in the early '70s. Ferrari initially sold it with Dino badging, not as a Ferrari. However, in 1976, it became a proper Ferrari with badges to prove it. It's a mid-engine 2+2 sports car that Ferrari built to test new technology, and it was a groundbreaking car in many ways for the prancing horse brand. Perhaps somewhat surprisingly, it was Ferrari's first production vehicle to feature a mid-engine V8 layout.

1973-1980 Ferrari 308 GT4 Pricing

Those who think the design isn't very Ferrari-like might be right, as the GT4 was the first Ferrari designed by Bertone instead of Pininfarina. That certainly explains its angular lines in place of the curves usually associated with Ferraris. The GT4 currently costs around the same price as when it was new, but then again, its original MSRP would put it well over $200,000 if adjusted for inflation.

• Base Model Original MSRP: $45,000
• Average Used Car Price: $68,944

4 1985-1989 Ferrari 412: $58,534

As the last installment to the Italian carmaker's longest-ever production series, Ferrari introduced the 412, a successor to the 400 model, in 1985. Produced until 1989, the 412, though never officially sold in the American markets, however, finds its way there through gray markets. Available with either a manual or automatic transmission, the 412 also received Bosch ABS to become the first Ferrari car to get fitted with it.

1985-1989 Ferrari 412 Pricing

The 412 gets its power from a 4.9-liter Ferrari Colombo V12 engine mated to either a five-speed manual or a three-speed automatic transmission. While only about 570 units of the 412s were produced, poor reviews have kept it off the radar of the most desperate Ferrari collectors. Hence, you can get a Ferrari 412 in excellent condition for around $139,000, according to Hagerty.

• Base Model Original MSRP: $74,000
• Average Used Car Price: $58,534

3 1998 - 2003 Ferrari 456M GTA: $57,777

The Ferrari 456M GTA was an upgraded version of the front-engined Ferrari 456 GT grand touring car that debuted in 1992, and the "M" in the newer version stood for "modificata", or "modified". Produced until 2003, Ferrari 456M GTA sported the same engine as the standard 456 - a 5.5-liter V12 powerplant that produced 436 hp, mated to a 4-speed A/T to deliver power to the rear wheels. The notable modifications of the Ferrari 456M GTA (which were also given to its manual transmission variant, the 456M GT) included improved aerodynamics, engine cooling, and interior feature upgrades. Ferrari produced 650 units of the Ferrari 456M GTA. In 2005, the Ferrari 456 series passed the baton to the Ferrari 612 Scaglietti.

1998 - 2003 Ferrari 456M GTA Pricing

• Base Model Original MSRP: $224,800
• Average Used Car Price: $57,777

2 1979-1985 Ferrari 400i: $48,578

Car buyers in the '70s wanted practicality and affordability. These things were way more important than all-out performance. Ferrari took notice and introduced a front-engine 2+2 grand tourer – the Ferrari 400 series. The 400i model saw the light of day in 1979 and was the first model in this lineup to get exported to the United States.

1979-1985 Ferrari 400i Pricing

Equipped with a 4.8-liter V12 that produced 306 ponies, the 400i packed a decent punch. The interior was luxurious, and the bodywork stylish, offering everything one could want from a Ferrari. The 400i is available for well over $100,000, with excellent condition ones easily reaching near the $200,000 mark.

• Base Model Original MSRP: $72,000
• Average Used Car Price: $48,578

1 1980-1993 Ferrari Mondial: $45,950

The Ferrari Mondial was one of the worst Ferraris ever made.

Scratch that. The Ferrari Mondial was probably one of the worst supercars ever made. It seats four, it has a V8 placed in the middle, and it's a GT car. You will get looks from many people, but those who know what the Mondial is all about will know that it isn't Ferrari's best hit.

1980-1993 Ferrari Mondial Pricing

That's why they are so cheap, with some going for under $30,000, which is silly as this car cost over $64,000 when new – that's $164,000 in today's money. However, for those who don't know what the Mondial is, they'll assume you are a millionaire.

• Base Model Original MSRP: $31,000
• Average Used Car Price: $45,950

Sources: Edmunds, Kelley Blue Book, Ferrari, Hagerty