Introduced in 1989, Ferrari 348 was a modern-looking machine and a successor to the popular 308/328 range. It featured a new platform, engine, and three body styles – coupe, Targa, and convertible with a wide rear track and a hint of Testarossa design. It was a handsome machine with good performance from the 3.4-liter V8 engine. The 348 was well received by the press as well as the customers. Ferrari managed to sell over 8,000 examples until 1995 when the F355 replaced it (via Ferrari).
However, the quality could have been better in early examples. Its 348 owners reported massive maintenance costs since the car required extensive work to be fully functional. That is why Ferrari 348 costs just over $70,000 on today’s market, with the best examples going for around $90,000. The car is still great to drive. And if you get the convertible, you can fully enjoy the glorious V8 soundtrack. Still, beware of its high maintenance costs.