[McLovin]

Let me preface this by saying I am a long time 70s and 80s Porsche owner, and multiple 80s Ferrari owner (I'm a child of the 80s). I currently have an 80s V8 Ferrari which I would like to sell, but will not even bother trying right now, in this market (more on that later).

Anyways,

First, a long time Porsche guy looking for an "alternative" to a porsche and getting a Ferrari is almost always unsuccessful. (For example, Wayne tried it, Motion tried, it, neither I doubt would buy another).

Part of the reason is the cars just aren't as well built as Porsches. They aren't as durable, have many bizarre and arbitrary parts pricing and availability issues. They aren't as fun to drive b/c for the most part they are too heavy. They are harder to DIY b/c for the most part Ferrari owners are not DIY'ers, at least not on any level even approaching the ballpark of Porsche owners. So there's not a lot of DIY support, parts support, etc. (To be fair, there are some Ferrari DIY'ers that have done/are doing some AMAZING things. But they are few and far between. For the most part, the average Ferrari owner, even for the 80s V8 cars, are too afraid to even do something like change their own oil. Some are even afraid to wash their cars with water. I kid you not. That has been subject of serious debate - whether to use water to wash the car).

The cars look better than they drive, and their reality doesn't match their mystique, for the most part (certainly for the models you have listed).

And then there is the buying and selling experience, which with Ferraris is THE WORST.

As a buyer, you have to deal with a lot of dishonesty, you really have to watch your back. Prior to the digital odometers, it seems like almost all Ferraris have inaccurate mileage showing. With the lesser value models like you listed, there is a ton of deferred maintenance, and some real costly dogs out there. It's just a really slimy scene out there.

As a seller - well, you don't want to be a seller. Seriously, in 25+ years of buying, owning, selling BMWs, Porsches and MBs, it has always been a pleasure on the buy/sell side. Never any real problems with buyers, no weirdos, etc. I think that's because all those weirdos are too busy "looking" for Ferraris. And so many "buyers" (I use the term loosely, because there is a huge population of self-proclaimed Ferrari "buyers" who spend years looking, but never actually buying anything) have these truly bizarre notions. "You changed the oil on your $28K 348 YOURSELF! Well, no way I'm going to buy that car!" "What, you haven't used only made in Italy towels to wipe it down?!??")

In sum, IMO 98% of DIY "Pelican types" who think they are bored and want to "try something different" will end up being unhappy and out a bunch of money. (I know there are a few here that are crossovers and are happy with it. That is rare, though).

But to your specific cars:

Both are not big value, popular models, and are way, way down in value right now. The 456 I don't know much about, other than they seem to go very low in price right now, and as a later-ish model V12 I'd guess there is a potential for big repairs. I don't know much about them b/c never been interested in a big fat heavy complex car like that.

The 348, I actually like, but it is considered somewhat of the "black sheep" of the 2 seater V8s. In a way, it's like the 90-94 964. Most people prefer either the car that preceded the 348 (the 328, liked for its relative "rawness" simplicity reliability and ease of maintenance) or the car that came after it (the 355, liked for its improved looks and performance). B/c of that, their value is way down.

I like the 348 b/c IMO it can actually be fairly reliable. They have a known problem with the gearbox, which can cause it to lunch itself and seems like a very expensive repair (roughly 1/3 to 1/2 the current value of the entire car). It uses a Motronic injection system like a Carrera, but it's a dual system (basically 2 separate DME systems).

I follow Ferrari pricing and trading pretty closely, and I've been very surprised. Every time I've thought it was nearing a bottom in the past couple years, it's crashed through that. Pretty shocking, actually. Right now, I know of nice '95 and up 355s that can be had in the 30s, some probably in the low 30s. A 348 is always going to command less. Right now, I'd not pay over high 20s for a 348. The market for the 348/355/456 etc. is just absolutely dead at this time.