$28k: A Toyota Camry, or a Ferrari 308 GTSi?
June 20, 2007
Edmunds.com’s Inside Line online car publication has scratched at an itch many auto-heads have wrestled with in recent years: buying an old Ferrari for the same amount of money as a cushy new car. For $28,000 they bought a 1984 Ferrari 308 GTSi Quattrovalvole (that’s Italian for “four valve”) for their long-term test fleet (meaning they’ll be living with the car for a year), and are prepared to report on all the joys, trials, tribulations, and inevitable expenses that come with owning such a rare — and desirable — automotive icon.
There is no denying that the 308 is indeed such an icon. The wedge-shaped nose, the side scoops that slice their way through the door panels, and the classic broad five-spoke wheels define, for many, the very nature of Ferrari. Adjusted for inflation, the car’s ~$63k sticker in 1984 is about $130,000 today — making $28k seem like a decent deal. Yet when balancing the purchase of one of these against a modern car like a Camry or Accord, an awful lot of passion has to be injected into the consideration process for the Ferrari to come out on top, because even when comparing performance numbers the Ferrari loses ground to a modern family hauler. As I was reading part one of Inside Line’s Ferrari-owning saga, I was struck by the numbers: a 3.0 liter V8 producing 235 hp, good for a 0-60-mph time of 6.8 seconds and a quarter-mile run of 15.2 seconds at 91.5 mph. That’s not necessarily slow, per se, but for comparison that 3.5 liter V6-powered Camry you could buy with the same $28k makes 268 hp and knocks off 60mph in 6.0 seconds flat — that’s pretty fast, and is becoming the norm for V6-powered family cars these days.
So the win in the power category goes to the modern mass-seller, to say nothing of convenience and safety items (think the Ferrari has traction control, or a dozen airbags, or ABS, or a nav system, or a CD player, or power seats, or keyless entry, or AC that actually works? Nope). But to purists, all that doesn’t matter when you’re in the seat of a rolling legend. And for that feeling alone, that “X factor” as Jeremy Clarkson calls it, some may be persuaded to part with their better judgment (and perhaps their marital bliss) and dive in as the Inside Line editors have. I’ll be following their story over the next year to see what develops…as will thousands of car-lovers everywhere, just hoping for a positive outcome they can use as ammunition in their argument with the wife.
What would you do? Leave a comment. Keep in mind, in these times of stratospherically high gas prices, that the 308 GTSi is currently averaging 16 mpg with Inside Line.

Sorry I haven’t been writing much lately — the new job and weekend travel have kept me quite busy — but I just had to post this one.








