Most 'Unloved' Ferrari For Sale In Melbourne Is A Bloody Bargain

"The best valued V12 Ferrari on the market today."

Most 'Unloved' Ferrari For Sale In Melbourne Is A Bloody Bargain

Ferrari has never made a truly bad car, but some Prancing Horses are definitely remembered more fondly than others.

One Ferrari that consistently ranks among the least loved is the Tipo F101 – alternatively known as the 365GT4 2+2, 400, or 412. The grand tourer, which was produced from 1972 to 1989 – by far the longest-lived Ferrari – has a rather mixed reputation.

Some say its sleek, Pininfarina-designed lines make it an underrated classic. Others, like Top Gear’s Jeremy Clarkson or Car and Driver’s John Pearley Huffman have described it as “awful in every way” and “a wallowing pretend Ferrari” respectively.

Regardless of what you think of it, it’s still a Ferrari, and that badge carries with it a certain prestige and allure few others can match. And if you’re willing to look past its flaws, it represents one of the most accessible ways to get into the brand on the market.

Enter this 400i listed on Carsales in Melbourne’s Cremorne. It’s one of the lowest mileage, cheapest Ferraris currently on sale in Australia – and we reckon it’s a beaut.

Pop-up quad headlights? Sì grazie! Image: Carsales

“This well maintained Ferrari 400i Automatic 2+2 coupé is an absolute pleasure to drive and is the best valued V12 Ferrari on the market today,” the seller relates.

“Recent works [include] all water and oil lines renewed, high amperage alternator fitted, LED headlight upgrade, electric relays fitted, new water pump kit, new stainless steel exhaust, radiator rebuilt, brake master cylinder rebuilt… Engine was rebuilt in 2003 and has only travelled 12,000 kms since, all yearly servicing has still been maintained.”

“This is the best way to enter the classic car market with a front-engine V12.”

“Body is great for its year and age, it’s not concourse but a really good example and a real driver. Also comes with original wheels.”

Nothing quite says ‘Italian supercar’ like acres of leather in a funky colour. Image: Carsales

The 400i was the penultimate iteration of the Tipo F101, produced between 1979 and 1985. This generation of the car saw the introduction of Bosch K-Jetronic fuel injection, which improved emissions and fuel economy at the expense of power, with power down to about 228kW.

One of the reasons the Tipo F101 was so reviled was that it was the first Ferrari to be offered with an automatic transmission – a three-speed General Motors Turbo Hydra-Matic 400, which was also used in everything from the Humvee to the Rolls-Royce Silver Shadow. Hardy but slushy, it wasn’t necessarily the best pick for a Ferrari, but you’re hardly driving a 70s Ferrari in 2021 for its out-and-out performance credentials.

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Indeed, the fact this car hasn’t been hooned is probably a good thing. It’s in remarkable condition for its age, with the only real sticking point being some slight cracking on the front seats. It also features an aftermarket head unit, but that’s not necessarily a bad thing.

A proper Ferrari V12. This 4.8L F 101 D is a derivation of the famous Colombo engine, which was produced from 1947 all the way to 1988. Image: Carsales

Listed for $87,880, the only Ferrari on Carsales cheaper than this is a 1983 Mondial with more than four times the mileage and four fewer cylinders. We also reckon this 400i is a much prettier car – it’s almost stealthy; a real subtle flex. We don’t understand the hate, really. It’s a very pretty car for a very pretty price.

Let’s face it, it’s every car lover’s dream to own a Ferrari. Why not bite the bullet? Come on, you deserve a treat.

Check it out on Carsales post-haste.

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