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Price opinion from advertisements and recorded sales. Not an inspection or a certified valuation.
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Reference photograph of a Ferrari 348 ts
Valuation · Ferrari · F119 · 1989-95

Ferrari 348 ts

3.4L NA V8 · 221 kW / 324 Nm · 5sp manual · RWD
AVOIDRated within the over $100k band · 98 of 104 at this money
Research estimate
$137,500
Must gain each year to break even
+9.0%
The projection does not clear it, and nor does most of the library.
CarQuant score
53/100
Scored against the over $100k band, not the whole library
Evidence grade
Asks only
Advertisements only; an ask is not a transaction
$137,500
$92,913 lowhigh $186,806
Asking prices only, no recorded sale
No Australian sale. One local asking price is the same variant as this record, a 1991 ts at $145,888, and a second at $244,990 is a late GTB doing nothing for this figure except confirming that the late-car premium is real here.
Measured across this library, a value with no Australian result behind it runs high about seven times in ten, by a median of ten per cent. Read this one as a ceiling rather than a midpoint.

Looking at a 348 for sale?

Put in the asking price and the odometer reading. You will see what this model should make at that reading.

Should make, typical example
$137,500
At about 55,000 km. Enter an asking price to compare.

No Australian sale stands behind this value, so treat the figure as indicative.

We will not sell a report on this car. The check above stays free.

Price history

Today $137,500 · modelled median at five years $137,747
Solid line: the value this library has carriedDashed from 2026: modelled · even money $114,164 to $163,552
The green band is the even-money range and the one to plan on: half of outcomes land inside it. The pale band behind it bounds eight in ten ($92,913 to $186,806). The path is this model's own: it starts along the momentum of its recorded history and bends toward its projected median as the horizon lengthens, so no two cars share a future curve.

The verdict

The numbers argue against it. Scores 53/100, ranking 98 of 104 in the over $100k band. Demand durability is the strongest input, risk resilience the weakest.
Running it costs about $12,520 a year (9.1% of value), which is what the economics score measures. All in, including the projected value change, it is $14,287 a year.
The model's five year median is $137,747, a +0.2% move, with the tenth percentile at $92,913.
Value is research, not a measurement. Treat the level as indicative and the structure as the analysis.
Evidence
Asks only0 recorded sales
Off its peak
-35%
Value band
wide
An external source, but no itemised transactions. Indicative only.
Scored against every recent Australian sale this library holds, half its values land within 11.2 per cent of the price paid and the rest miss by more, in either direction. Projections are therefore damped toward flat in proportion to how little is known, and the plausible band is never narrower than the error the model is known to make.
Short term (1-5 years)$14,287 a year all in, +0.2% median value move
Long term (10-15 years)Scarcity case already formed
Negotiate from$137,500

Recorded sales

Every recorded observation, and when
2 rows on record
$260k$191k$121k
2027
the value this record published, year by yearnow $138kasking
Every row, with its price and note (2) ↓
Aug 2026Autotrader AU / CarsGuide$244,990Asking
ASKING. Dealer ask, 1994 348 GTB, 73,038km. Late 320 PS GTB, a dearer variant than the ts, and it confirms the late-GTB premium is real in this market.
Aug 2026Autotrader AU / CarsGuide$145,888Asking
ASKING. Dealer ask, 1991 348 ts, 35,788km. Same variant as this record.
0 completed Australian sales of 2 rows. Rows marked asking, no sale, or context are shown for honesty but do not count toward the evidence grade: an ask is not a transaction, a pass-in is a refusal, and a provenance or overseas result does not price the ordinary local car. The badge on every row is computed by the same rule as the grade, so the two cannot drift apart.

Score breakdown

Against the over $100k band median
104 cars in band · ink tick marks the median
Ownership economics30% of total
61/100-8
Scarcity25% of total
59/100-6
Demand durability20% of total
70/100-8
Liquidity15% of total
40/100+8
Risk resilience10% of total
0/100-34
Sub-scores run 0-100 before weighting; the weighted total is 53/100. Medians are computed live from the 104 cars currently in the over $100k band, so this picture moves when the library does.
The working behind each factor: baseline and drivers ↓
Ownership economics30% weight
61/100
Baseline84 pts
− 9.1% of value a year to run-23 pts
Sub-score (baseline plus drivers, clamped 0-100)61 pts
Scarcity25% weight
59/100
Baseline20 pts
+ 120 survivors estimated in Australia+39 pts
Sub-score (baseline plus drivers, clamped 0-100)59 pts
Demand durability20% weight
70/100
Baseline56 pts
+ The cheapest gated-manual mid-engine V8 Ferrari there is+14 pts
+ Buyers priced out of 328s and F355s have moved onto it+8 pts
− Still read by part of the market as a used car rather than a collectible-8 pts
Sub-score (baseline plus drivers, clamped 0-100)70 pts
Liquidity15% weight
40/100
Baseline12 pts
+ 100 days on market+17 pts
+ 14 sales a year+11 pts
Sub-score (baseline plus drivers, clamped 0-100)40 pts
Risk resilience10% weight
0/100
Baseline46 pts
− Valve guide wear on 1989-92 cars is a $38,000 top-end-18 pts
− The belts are an engine-out job at $11,000 before anything is found-12 pts
− The snap-oversteer reputation makes prior accident repair worth checking harder-6 pts
− Asking prices only, and an ask is not a sale-12 pts
Sub-score (baseline plus drivers, clamped 0-100)0 pts
Model output, not advice or a valuation. Verify independently before acting.

What it costs to own · about 2,500 km a year

Annual cost of access, excl. fuel
$12,520a year
Share of value per year
9.1%
Scheduled servicing$2,82023%
Tyres, annualised$1,92015%
Registration and CTP$1,50012%
Insurance$3,57029%
Sinking fund (failure table)$2,71022%
All-in annualised (a different number)
Purchase (model value plus duty)$143,000
Running costs × 5 years$62,600
Median exit, net of selling cost$134,167
All-in annualised over 5 years$14,287/yr
Share of value per year10.4%
Cost of access is what the car costs to run. All-in annualised adds depreciation, duty and selling costs across a five year hold. They answer different questions and are labelled separately for that reason.
Break-even appreciation, 5 year hold
9.0%a year, only to get the money back
This library projects
+0.0%a year
The projection falls 8.9 points a year short of the hurdle. On these assumptions this car is a cost, not an asset, which can be an entirely rational thing to buy but should be bought knowing it.
Purchase$137,500
Stamp duty$5,500
Running costs x 5 years$62,600
Selling cost at exit, 2.6% of the salescales with price
Sale price needed at +5 years$211,096
Storage
Bought at
No forecast is used to compute the hurdle. It is the purchase, the duty, any premium and 5 years of running cost, grossed up for the cost of selling and spread back over the hold. The projection it is measured against is the weakest number in this product and is drawn that way in the chart above. Transport, finance and any restoration spend sit outside it.

Specification

Engine3.4L NA V8
Power / torque221 kW / 324 Nm
0-100 km/h5.6 s
Transmission5sp manual
DriveRWD
Kerb weight1,500 kg
Built worldwide4,230
Delivered to AustraliaNot established
Effective AU survivors120
Australian sales / year14
Typical days on market100 days
Launch priceNot established

What moves the price on this model

Colour hierarchy
Original paint in a factory colour+6%
Rosso Corsa over Nero, the period combination+4%
Resprayed, or a colour change-8%
Options
Engine-out belt service done, with dated invoices+16%
A 1989-92 car with documented no valve-guide history+14%
Late 1993-94 GTS with the 320 PS engine+40%
Odometer sensitivity±1.8% per 10,000 km vs 55,000 km
Applied on top of these

Condition, history, originality, ownership, delivery and modification multipliers apply to every car in the library. They are applied automatically when an advertisement is analysed, and the schedule is set out once, on the analyser page.

Projected value in five years

Projected value at five years
$137,747
+0.2% on today
The model's figure. Today it is $137,500.
Even odds it lands between $114,164 and $163,552.
$92,913 lowhigh $186,806
The shaded range is even money and 43% wide; the outer figures bound eight outcomes in ten. Band width follows the evidence - a model with a tight measured record carries a tight band.
A weaker five year outlook than 62% of the library.
-26.6% weakest projected move in the librarystrongest +73.1%
Five-year cost of ownership
Value change alone: +$247 across five years.
Running costs over the same period: $62,600.
Duty and expected selling costs: $9,080.
Net cost of five years of ownership: $71,435, or $14,287 a year.
The projected value rise offsets part of the running cost. It does not make the car free to own.

The case for and against

The case for

The cheapest way into a gated-manual mid-engine V8 Ferrari, and the analogue car that has genuinely turned - bottomed around 2018 to 2020 and the strongest percentage riser of the family since. The 1989 import line closed the Australian pool, so local supply cannot be topped up from overseas the way a 308's can.

The case against

A 348 with no engine-out receipts is a fundamentally different asset from one with them, and the difference is a $38,000 top-end if the early valve guides have gone. The whole Australian case rests on one dealer advertisement at $145,888, and asks in this market run ten to twenty per cent above what cars actually make.

Known faults and risks

Risk 1Valve guide wear on 1989-92 cars, the largest single cost on the model
Risk 2Engine-out belt service at $11,000 before anything else is found
Risk 3The late 1993-94 GTB and GTS cars are a separate and dearer model
Valve guide wear on 1989-92 cars, top-end rebuild$38,000
Engine-out cambelt service overdue$11,000
Clutch, done with the engine already out$7,500
Sticky interior plastics and delaminating switchgear$6,500
Exhaust manifold cracking$5,500
Electrics: dash LCD pixels, relay corrosion, earths, window regulators, Motronic sensors$5,000

Similar cars, and what they cost to run

Evidence behind this valueAsks only · 0 recorded sales
Carried value
$137,500
Historical price
2016 · $213,1002026 · $137,500
Asks only
An external source, but no itemised transactions. Indicative only.
The 348 is on the wrong side of the import line, which is why local money looks dear

Built from 1989, so no concessional entry under the Road Vehicle Standards Act: the Australian pool is closed at whatever was delivered new plus a trickle of personal imports. Australian asks therefore read high against international guides, and they are not wrong to.

Read the rest of the evidence notes (4 more)
The one useful local number is an advertisement, not a transaction

A 1991 ts at 35,788 kilometres was advertised at $145,888 in August 2026. Australian dealer asks on exotics typically sit ten to twenty per cent above achieved retail, which brackets a good car from above and puts it close to the figure carried here. It is the only like-for-like local price on the model in any form and it is still just a price somebody wants.

The engine comes out for the belts and everything follows from that

Eleven thousand dollars for the service, $7,500 for a clutch while the engine is already out, and $38,000 for a top-end if the early valve guides have gone. A car with engine-out receipts is worth $20,000 to $30,000 more than the same car without, and the spread across the model is close to three to one - the widest of the analogue Ferraris - almost entirely on mechanical history rather than paint.

This is the one that has actually turned

The 348 spent a decade as the unloved Ferrari, bottomed around 2018 to 2020, and has been the strongest percentage riser of the analogue cars since, because it is the cheapest gated-manual mid-engine V8 Ferrari and the people priced out of 328s and F355s have to go somewhere.

What this record is not pricing

The late 1993-94 GTB and GTS cars at 320 PS sit at $190,000 to $250,000 and are a separate proposition. The $244,990 ask on a 73,000-kilometre 1994 GTB says that premium is alive locally. The ceiling on this page has been taken at the bottom of the tb coupe's exceptional band, because a ts is not a tb and the record should not borrow the coupe's ceiling to flatter itself.

What we will not sell you
We will not price a Ferrari 348 against an advertisement.

No Australian transaction stands behind this value. A spec-adjusted figure built on it would look precise and would not be, so the report is refused instead of sold with a caveat. That goes for this car and 87 others. Everything above is free and stays free.

Read a real listing report
Watch this model
Told when the next one is called.

One line of email when this desk publishes a call on a Ferrari 348 ts, or records a new Australian sale of one. Nothing else, no schedule, and on a quiet model you may hear nothing for months, which is itself worth knowing about a car you are chasing.

Free. One address, one model, and no account.