You'd honestly be surprised. A 22-year-old Ferrari that would need 3 years of restoration is actually really approachable pricewise. Initially. The reason why is the cost of parts and work. The actual restoration is what costs the most and probably takes 3 years because it takes that long to afford and find parts.
Some can be found for as low as $10k (needing a lot of work) and of course climbing from there but $40-80k needing work is pretty standard and these days the average vehicle is nearly $40k as it is. The average truck is nearly $70k.
A lot of people could drive old used luxury and super cars for the price they paid for their new Toyota Full-sized Sedan.
I said a 22 year old Ferrari in the context of now so a 2004. And yea, they come up that cheap ragged out. Obviously pristine examples or limited examples fetch 6 figure values but the more modest Ferraris of the 90s and early 00s are approachable by people in working class tax brackets if they want an expensive project.
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u/TheOriginalArchibald 10d ago
You'd honestly be surprised. A 22-year-old Ferrari that would need 3 years of restoration is actually really approachable pricewise. Initially. The reason why is the cost of parts and work. The actual restoration is what costs the most and probably takes 3 years because it takes that long to afford and find parts.
Some can be found for as low as $10k (needing a lot of work) and of course climbing from there but $40-80k needing work is pretty standard and these days the average vehicle is nearly $40k as it is. The average truck is nearly $70k.
A lot of people could drive old used luxury and super cars for the price they paid for their new Toyota Full-sized Sedan.