The Ferrari 328 is often seen as the perfect blend of classic Pininfarina design and old-school analog driving pleasure. Produced between 1985 and 1989 as an evolution of the 308, the 328 has become one of the most sought-after Ferraris from the pre-electronics era. If you’re considering adding one to your garage, this guide covers everything you need to know—from pricing and models to known issues and ownership expectations.
Ferrari 328 Overview
The Ferrari 328 GTB (Berlinetta) and GTS (Targa) were introduced in 1985 as successors to the 308. At first glance, the 328 looks very similar to the 308, but it received subtle design tweaks, improved ergonomics, better reliability, and a larger 3.2L V8 engine producing 270 hp. It retained the beloved gated 5-speed manual and mid-engine, rear-wheel-drive layout.
Its timeless design, solid build quality, and more user-friendly nature make it an ideal entry point into vintage Ferrari ownership.
Models and Variants
There are two main body styles:
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328 GTB – Berlinetta coupe, with a fixed roof.
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328 GTS – Targa version with removable roof panel, more popular (approximately 75% of total production).
Production totals:
Later cars (1988.5–1989) are sometimes referred to as “ABS cars” due to the introduction of anti-lock brakes and a switch to convex wheels. These are slightly more valuable due to the updates and lower production volume.
What to Look For
1. Service History is Everything
This is the number one rule with any older Ferrari. The 328 is considered relatively reliable for a classic exotic, but only if properly maintained. Look for:
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Major service history (including timing belt changes every 5 years or 30,000 miles)
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Regular fluid changes
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Clutch and gearbox inspections
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Suspension bushings, brakes, and cooling system service
A well-documented car with a binder of receipts and service records is worth a premium.
2. Check for Rust and Body Damage
Although the 328 used galvanized steel starting in the 1980s, rust can still appear—especially in:
Make sure the car hasn’t had a poor repaint or previous accident damage. Use a magnet or paint meter if needed.
3. Inspect the Interior
Ferrari interiors of this era can wear quickly. Check:
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Leather condition (especially seats and dash)
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Functioning of all gauges and switches
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Operation of power windows (often slow)
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Condition of the Targa top (if a GTS), including seals and latches
Dash shrinkage and cracking is also common in sun-exposed cars.
4. Driving Feel and Mechanical Soundness
On a test drive, a good 328 should:
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Start cleanly with minimal smoke
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Idle smoothly
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Pull strongly with a crisp throttle response
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Shift cleanly, especially once the gearbox is warm (second gear is usually stiff when cold)
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Stop straight with no squeaks or brake fade
Listen for ticking (potential valve issues), odd drivetrain clunks, or smoke after idling—these can indicate bigger problems.
Market Pricing
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Driver-quality GTS: $85,000 – $100,000
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Well-sorted GTS with records: $100,000 – $120,000
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Top-condition GTS (low miles, documented): $125,000 – $140,000+
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GTB models (rarer): $110,000 – $150,000+
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1989 ABS cars (last year): Slight premium, especially GTBs
Prices have been gradually rising, especially for low-mileage examples and GTBs due to their lower production numbers.
Ownership Experience
Pros:
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One of the most reliable vintage Ferraris
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Maintenance costs are manageable compared to newer Ferraris
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Classic gated shifter and analog driving feel
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Increasingly collectible
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Recognizable and timeless styling
Cons:
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Still requires specialized maintenance (budget ~$2,500–$5,000/year depending on use)
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Parts availability is good, but some trim and interior items can be pricey
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Lacks modern conveniences (no power steering, basic A/C)
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Cabin can get hot in summer, especially in GTS models
Red Flags to Avoid
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No service history or unclear ownership chain
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Modified or “customized” cars (unless done tastefully and reversibly)
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Rust or signs of body filler
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Electrical gremlins or dead gauges
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Overheated engines or poorly shifting transmissions
Final Thoughts
The Ferrari 328 is one of the best entry points into classic Ferrari ownership. It captures the essence of the brand with its mid-engine layout, manual gearbox, and iconic Pininfarina design, all while being far more usable and reliable than many of its predecessors.
With values trending upward and the analog driving experience becoming increasingly rare, the 328 is not just a joy to drive—it’s a smart buy for the enthusiast looking for an engaging classic Ferrari that doesn’t require a pit crew.
