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Ferrari 348: generations, engine and what to check when buying
The Ferrari 348 is a V8 mid-engine sports car produced from 1989 to 1995, succeeding the Ferrari 328 and preceding the F355. We look at the body styles, engine, and gearbox, and what you need to check before buying this classic model.
The Ferrari 348 in brief
The Ferrari 348 was designed by Pininfarina and unveiled in 1989. It was the first model in the range to feature a longitudinally mounted V8 engine with a transversely mounted gearbox behind it. This changed the weight distribution and character of the car compared to previous models.
The 348 is easily recognisable by its side air intakes and wide rear end with vents between the taillights – a design borrowed from the Testarossa. Today, it's one of the most accessible 'classic era' Ferraris, though maintenance costs remain high.
Versions and their differences
The first 348s came as the berlinetta 'tb' and targa-top 'ts' versions. These were later replaced by the GTB and GTS, and in 1993, the fully open 'Spider' was introduced. Updated versions received an improved engine, revised interior, and various detail changes.
Choice often comes down to body style rather than technical specs: the berlinetta is considered the sportiest, the targa the most versatile, and the Spider the most popular among those wanting open-top motoring. For buyers, the condition of the specific car and its service history are paramount.
Engine and gearbox
All 348s come with a 3.4-litre V8 petrol engine, producing around 300 bhp; later special series versions had a slightly more powerful engine. The car was only built with a 5-speed manual gearbox, no automatics were available.
The engine is considered refined and reasonably reliable, provided it is regularly serviced. However, some jobs, such as replacing the timing belts, often require the engine to be removed, making servicing expensive.
What to check when buying a used Ferrari 348
Firstly – the service history. Demand documents for belt changes, cambelt and fuel system; without these the car's value is risky, as an unknown condition engine repair can cost more than the entire car.
Inspect the body for corrosion, paint quality, and signs of previous accidents. Check the condition of the interior plastics, leather, and electrical equipment, as these details often deteriorate in older Ferraris. Before buying, consult a specialist familiar with the marque, not a general service centre.
Trim levels
Names and equipment vary by market and year; we list the most commonly found trims in Europe.
Ferrari 348 tb / ts
1989–1993The first series coupé (tb) and targa (ts) versions with the 3.4-litre V8 engine.
- 3.4-litre V8, around 300 bhp
- 5-speed manual gearbox
- Removable targa roof (ts version)
Ferrari 348 GTB / GTS
1993–1995Updated coupé (GTB) and targa (GTS) with improved engine and interior.
- Updated engine and interior
- Manual 5-speed gearbox
- Often comes with a leather interior and electrically adjustable seats
Ferrari 348 Spider
1993–1995Convertible body with a fabric roof
- Convertible body with a fabric roof
- 3.4-litre V8
- Often comes with a leather interior
Ferrari 348 Serie Speciale
Around 1993Limited edition with a more powerful engine and a sportier look
- A slightly more powerful engine than the standard 348
- Sportier styling
- Produced in limited numbers
Comparison of Ferrari 348 versions
| 348 tb / ts | 348 GTB / GTS | 348 Spider | 348 Serie Speciale | |
|---|---|---|---|---|
| Who it's for | For those wanting a first-generation model | For those seeking the updated, more refined version | For open-top enthusiasts | For collectors |
| Body style | Berlinetta or Targa | Berlinetta or Targa | Open-top | Berlinetta |
| Engine | 3.4-litre V8 | 3.4-litre V8 | 3.4-litre V8 | 3.4-litre V8, slightly more powerful |
| Price in the used market (relatively) | €€€ | €€€ | €€€€ | €€€€ |
For most buyers, a good starting point is a well-maintained 348 GTB or GTS with a full service history. Limited editions and open-top versions are usually more expensive, so they're worth choosing only if they suit you personally.
Pros
- Distinctive and recognizable appearance
- The driver's feel of the car with a manual gearbox
- The sound and character of the V8 engine
- Compare your route to a classic Ferrari
Cons
- Expensive maintenance, especially when it comes to replacing timing belts
- Issues with the condition of older cars and electrical components
- Limited supply and hard-to-predict repair costs
Frequently asked questions
How many automatic Ferrari 348s were produced?
None — the 348 was only made with a 5-speed manual gearbox.
What's the difference between the 348 tb and GTB?
The GTB is the updated coupe version with enhancements introduced around 1993. The mechanics are essentially the same, but the engine and interior details have been changed.
Is the 348 suitable for daily driving?
Technically yes, but due to maintenance costs and rarity, it's often used as a secondary car for weekends and trips.
Updated 2026-10-19 · Trim levels and equipment vary by market and model year — check the equipment of the specific car. · Translated automatically
