Here’s a used Ferrari that’s an ultra-low-mileage car, even by used Ferrari standards. It’s a 1990 Ferrari 348ts, and it’s been driven just 627 miles since it was sold new in February 1991 — more than 27 years ago.
Offered for sale by Marshall Goldman Motors in the Cleveland area, this 348 is truly a time capsule. It’s finished in Rosso Corsa (Ferrari’s sexy term for "red") with a tan leather interior, and it is, quite truly, perfect, with no apparent blemishes or modifications anywhere. If you’ve ever wanted to see what a 348 looked like when it left the factory, here’s your chance.
Most 348s haven’t been preserved like this one. Unlike Ferrari’s crazy, high-dollar supercars like the F40 and F50, which are frequently preserved and rarely driven, the "entry-level" midengine V8-powered models like the 348, the 355 and the 360 are usually bought to drive — and they rarely get preserved. Although a 348 with 20,000 miles — an impossibly low figure for most other 1990 model vehicles — would be common, a car with 627 miles is unheard of.
So how did it happen? The ad shows the original warranty card, which was filled out when the car was sold new to its first owner in the Los Angeles area in early 1991. The Carfax report shows us the rest: It had been driven just 362 miles by December 1992, and then it truly appears that it was driven only once every two years when the owner would take it for its emissions test, as required every two years for registration by California. It had 556 miles for the 2008 emissions test, for instance, then 562 in 2010, and 569 in 2012.
In 2015, the car went to a new owner in Louisville, Kentucky, with 591 miles — but the new owner didn’t drive it much, either, and the car is now for sale with 627 miles. Marshall Goldman has it listed for $289,900, which is huge money for a 348 — but then, this might just be the nicest 348 on the planet.