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To each, his own... The last thing I'd want is a fixxer-up Ferrari that I was going to put a bunch of miles on. In fact, if I had a hard budget in mind, a Ferrari that appears to just fit within this budget on the front end would seem to me to be a risky proposition.
I don't think he ought to buy a 348. But, it's his choice. I still think he ought to drive a couple first, to see if he even likes the experience. Way too many people get into the market for a car that they've never even sat it. The time to do the research is after you have driven one, not before.
Cheers,
JR
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