1989 Ferrari 348 Overview, Reviews, Ratings & Specs
The 1989 Ferrari 348, produced from 1989 to 1994, is a mid-engined V8 sports car that succeeded the 328 GTB/GTS. Available as a coupe (GTB) and a targa-top (GTS), it was a significant departure in styling from its predecessor, featuring sharper lines inspired by the F40. While initially polarizing, its V8 soundtrack and pure RWD driving dynamics are key reasons for its enduring appeal among enthusiasts. Pricing for a 1989 model typically falls in the $70,000-$100,000 range on the used market, depending on condition and mileage.
The Good
The 1989 Ferrari 348 offers exhilarating V8 performance and an iconic Italian design that stirs the soul. Its RWD chassis provides engaging handling. For the practical buyer, it represents a more accessible entry point into Ferrari ownership compared to earlier models.
The Bad
Common 348 weaknesses include sticky dashboard materials, potential electrical gremlins, and a sometimes-temperamental gearbox. Cooling system issues and clutch wear are also points to scrutinize. Early models can be particularly prone to these quirks.
1989 Ferrari 348: Quick Overview
- Engine Options: The 1989 Ferrari 348 is powered exclusively by a 3.4-liter naturally aspirated V8 engine.
- Horsepower: This V8 produced approximately 300 horsepower.
- Fuel Economy: Expect fuel economy in the range of 13-16 MPG combined, though this will vary significantly with driving style.
- 0-60 Times: Acceleration from 0 to 60 mph typically ranged from 5.3 to 5.7 seconds, depending on specific conditions and driver.
- Towing Capacity: Not applicable; the 348 is a sports car designed for performance, not utility.
- Trim-Level Features (for 1989 models):
- Ferrari 348 TB (Berlinetta): This is the standard coupe version. It featured leather interior, power windows, air conditioning, a premium sound system, and the iconic gated manual shifter.
- Ferrari 348 TS (Targa System): The targa version, offering a removable roof panel for open-air driving. It shared most of the interior and mechanical features with the TB.
- Standard Features across trims: Mid-engine placement for optimal weight distribution, a robust dry-sump lubrication system for the V8, independent suspension all around, ventilated disc brakes at all four corners, and a limited-slip differential. The interior, while sporty, also included essential comfort features for its era, such as adjustable seats and a tilt steering wheel. The aesthetic was characterized by its wedge-shaped profile, pop-up headlights, and prominent side air intakes feeding the engine.
1989 Ferrari 348 Specifications
Vehicle Information
| Year | 1989 |
| Make | Ferrari |
| Model | 348 |
| Trim | - |
| Style | - |
| Type | Coupe |
| Category | Compact Car |
Manufacturing Details
| Made In | Italy |
| Manufacturing City | - |
Dimensions
| Doors | 2-Door |
| Curb Weight | - |
| Gross Vehicle Weight Rating | - |
| Overall Height | - |
| Overall Length | - |
| Overall Width | - |
| Wheelbase Length | - |
| Standard Seating | - |
Engine & Performance
| Engine | 3.4-L V-8 DOHC 16V |
| Engine Size | 3.4L |
| Engine Cylinders | 8 |
| Transmission | - |
| Transmission Type | - |
| Transmission Speeds | - |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | - |
| Steering Type | - |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | - |
| Invoice Price | - |
| Delivery Charges | - |
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What Problems Does the 1989 Ferrari 348 Have?
The 1989 Ferrari 348, like many exotic cars of its era, is not without its known issues, particularly concerning long-term reliability. One of the most frequently reported problems revolves around the dashboard materials. The soft-touch coating on many interior components, including the dashboard itself, tends to become sticky and degrade over time due to heat and age. This can be unsightly and difficult to rectify. Electrical gremlins are also a common concern. Owners often report issues with various electrical components, from window regulators and door locks to the fuel pump and ignition system. These can be frustrating and costly to diagnose and repair.
The gearbox, while a beloved gated manual, can sometimes be stiff or notchy, especially when cold. This is often exacerbated by wear and a lack of proper maintenance. Cooling system issues are another area to watch out for. The V8 engine can run hot, and leaks from hoses, radiators, or the water pump can develop over time, necessitating diligent maintenance. The engine mounts can also wear out, leading to increased vibration.
Specifically for early models like the 1989, some sources suggest that certain components, particularly those related to emissions control and fuel delivery, might have been less robust than later iterations. While there haven't been widespread recalls that fundamentally alter the car's design, individual owners have faced recurring issues with specific parts. Long-term reliability is highly dependent on meticulous maintenance history and the quality of previous repairs. A well-maintained 348 can be surprisingly robust, but neglected examples are prone to accumulating a long list of expensive fixes.
The gearbox, while a beloved gated manual, can sometimes be stiff or notchy, especially when cold. This is often exacerbated by wear and a lack of proper maintenance. Cooling system issues are another area to watch out for. The V8 engine can run hot, and leaks from hoses, radiators, or the water pump can develop over time, necessitating diligent maintenance. The engine mounts can also wear out, leading to increased vibration.
Specifically for early models like the 1989, some sources suggest that certain components, particularly those related to emissions control and fuel delivery, might have been less robust than later iterations. While there haven't been widespread recalls that fundamentally alter the car's design, individual owners have faced recurring issues with specific parts. Long-term reliability is highly dependent on meticulous maintenance history and the quality of previous repairs. A well-maintained 348 can be surprisingly robust, but neglected examples are prone to accumulating a long list of expensive fixes.
How long will the 1989 Ferrari 348 last?
Estimating average mileage for a 1989 Ferrari 348 is challenging as many were treated as collector's items and driven sparingly. However, cars with 30,000 to 60,000 miles are common. Those that have been consistently driven and maintained might reach 100,000 miles or more, but this requires significant investment. The long-term durability is heavily dictated by maintenance. The V8 engine itself is generally robust, but ancillary systems like cooling, electrical components, and the drivetrain are more susceptible to age-related wear and tear. Without regular, specialized servicing, weaknesses in these areas will emerge, leading to costly repairs. Proper care and proactive maintenance are key to preserving its long-term viability.
What Technology & Safety Features are Included?
The 1989 Ferrari 348, reflecting its era, offers a decidedly minimalist approach to technology, entertainment, and driver-assistance features. Built-in tech was focused on the core driving experience rather than extensive electronic aids. The entertainment system typically consisted of a basic analog radio and cassette player, often with a brand like Clarion or Becker. Sound quality was secondary to the symphony of the V8 engine. There were no touchscreens, navigation systems, or sophisticated infotainment interfaces. Power windows and air conditioning were considered premium features and were standard on most models.
Driver-assistance systems were virtually non-existent by modern standards. Anti-lock brakes (ABS) were introduced later in the 348's production run and might be present on some 1989 models, but they were not universally standard from the outset. Electronic stability control, traction control, and any form of adaptive cruise control were not part of the package. The focus was entirely on mechanical feedback and driver input.
Safety features were also rudimentary. Standard equipment included seat belts and a robust chassis structure for its time. Airbags were not a standard feature in 1989 for the 348; they became more common in later model years of other vehicles. Crash-test ratings from official bodies like the NHTSA or IIHS are not readily available for the 1989 Ferrari 348, as comprehensive testing protocols for low-volume exotics were less prevalent then, and the focus was on structural integrity rather than standardized impact assessment. The car's safety was primarily derived from its mid-engine layout, which offered some crumple zone protection, and its inherent performance capabilities allowing drivers to avoid hazardous situations.
Driver-assistance systems were virtually non-existent by modern standards. Anti-lock brakes (ABS) were introduced later in the 348's production run and might be present on some 1989 models, but they were not universally standard from the outset. Electronic stability control, traction control, and any form of adaptive cruise control were not part of the package. The focus was entirely on mechanical feedback and driver input.
Safety features were also rudimentary. Standard equipment included seat belts and a robust chassis structure for its time. Airbags were not a standard feature in 1989 for the 348; they became more common in later model years of other vehicles. Crash-test ratings from official bodies like the NHTSA or IIHS are not readily available for the 1989 Ferrari 348, as comprehensive testing protocols for low-volume exotics were less prevalent then, and the focus was on structural integrity rather than standardized impact assessment. The car's safety was primarily derived from its mid-engine layout, which offered some crumple zone protection, and its inherent performance capabilities allowing drivers to avoid hazardous situations.
What Colors Options are Available?
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1989 Ferrari 348 Prices and Market Value
When new, the 1989 Ferrari 348 carried a sticker price roughly in the range of $100,000 to $120,000, a significant sum for its time. Today, the used market prices for a 1989 Ferrari 348 typically range from $70,000 to $100,000, with exceptional examples commanding higher figures. Depreciation on the 348 has been more stable in recent years, with prices holding steady or even appreciating slightly for well-maintained examples, especially those with lower mileage. Factors affecting resale value include comprehensive service history, originality, condition of the body and interior (particularly the dashboard), and overall mechanical soundness. A car with a complete record of Ferrari-specialist maintenance will always fetch a premium.
1989 Ferrari 348 Cost of Ownership
Owning a 1989 Ferrari 348 is decidedly costly. Insurance premiums will be high, reflecting the car's value and performance. Fuel economy is poor, expecting around 13-16 MPG. Maintenance and repair are where costs truly escalate. Ferrari-specialized mechanics are required, and parts are expensive. Routine maintenance, including belt changes and fluid services, can run into thousands of dollars. Unforeseen repairs, common with exotic cars of this age, can easily cost tens of thousands. The 348 is not an economical vehicle to own; it is a passion purchase that demands a significant financial commitment.
1989 Ferrari 348 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
-
City Mileage
-
Highway Mileage
-
1989 Ferrari 348 Recalls & Defects
Fuel System, Gasoline:fuel Injection System
Recall date
1992-05-18
Recall no.
92v071000
Source
NHTSA
Summary
THE Aluminum Fuel Line Fittings ON Certain Fuel Injection Lines Corrode, Causing THE Fuel Line Fittings TO Break.
Consequence
THE Breakage OF THE Fuel Line Fitting Causes Fuelleakage, Resulting IN Increased Risk OF Fire IN THE Presence OF A Source Ofignition.
Remedy
Replace THE Fuel Lines With Modified Lines Constructed With A Corrosion Resistant Coating TO Prevent Fuel Line Surface Corrosion.
Notes
System: Fuel Lines.vehicle Description: Passenger Cars With VIN Lower Than 88386.
1989 Ferrari 348 Warranty
Basic
Original warranty
0 months / No data
Estimated remaining
Expired
Powertrain
Original warranty
0 months / No data
Estimated remaining
Expired
Rust
Original warranty
0 months / No data
Estimated remaining
Expired
1989 Ferrari 348 Insurance
Insurance for a 1989 Ferrari 348 is moderately priced, reflecting its status as a Coupe with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 1989 Ferrari 348 Compare to Other Coupe?
The 1989 Ferrari 348 competed in a rarefied segment against contemporaries like the Porsche 911 (964 generation), Chevrolet Corvette C4 ZR-1, and potentially even the Lotus Esprit. In terms of raw performance, the 348's 300 horsepower V8 was competitive, offering a thrilling soundtrack and potent acceleration, though some rivals like the ZR-1 offered more outright power. The Porsche 911, particularly the Carrera 2, offered a more refined driving experience and arguably superior build quality and perceived reliability, though its styling was more evolutionary. The Corvette ZR-1 was a performance bargain, offering blistering speed for its price, but lacked the exotic cachet of the Ferrari.
Features in the 348 were basic by today's standards, mirroring most rivals with manual transmissions, power windows, and A/C as the highlights. Reliability is a significant differentiator. While the 348 has a reputation for being more temperamental than a contemporary Porsche 911, it was often considered more reliable than some earlier Ferraris. However, it still requires significant investment in specialized maintenance. The Lotus Esprit, while exotic and visually striking, often came with its own set of unique reliability challenges.
Price-wise, the 348 offered a relatively accessible entry into Ferrari ownership compared to models like the Testarossa, but it was still a premium-priced vehicle.
Alternatives:
Features in the 348 were basic by today's standards, mirroring most rivals with manual transmissions, power windows, and A/C as the highlights. Reliability is a significant differentiator. While the 348 has a reputation for being more temperamental than a contemporary Porsche 911, it was often considered more reliable than some earlier Ferraris. However, it still requires significant investment in specialized maintenance. The Lotus Esprit, while exotic and visually striking, often came with its own set of unique reliability challenges.
Price-wise, the 348 offered a relatively accessible entry into Ferrari ownership compared to models like the Testarossa, but it was still a premium-priced vehicle.
Alternatives:
- Porsche 911 (964 generation): A more reliable and practical choice with excellent driving dynamics and a strong enthusiast following.
- Chevrolet Corvette C4 ZR-1: Offers superior straight-line performance and a lower entry price, but lacks the Italian exotic charm.
- Lotus Esprit: A more avant-garde and visually distinct option, but potentially more challenging in terms of long-term maintenance.
Final Verdict: Is the 1989 Ferrari 348 a Good Coupe?
The 1989 Ferrari 348 is ideal for the dedicated enthusiast who appreciates the Ferrari marque and its mid-engine V8 layout, and who possesses a significant budget for upkeep. It's a car for those who prioritize the emotional connection and the iconic brand over ultimate reliability or modern conveniences.
Is it worth buying? Yes, but with considerable caution. A 1989 348 is absolutely worth considering for its potential as an appreciating classic and its pure driving experience, but only if purchased with a full and documented service history from a reputable Ferrari specialist. It is never a car for a novice owner or someone with limited repair funds. Buying a used 348 is the only option, and careful inspection is paramount. The TB (coupe) and TS (targa) trims are largely similar in desirability, with personal preference for open-air driving being the main factor. This is a passion project, not a daily driver.
Is it worth buying? Yes, but with considerable caution. A 1989 348 is absolutely worth considering for its potential as an appreciating classic and its pure driving experience, but only if purchased with a full and documented service history from a reputable Ferrari specialist. It is never a car for a novice owner or someone with limited repair funds. Buying a used 348 is the only option, and careful inspection is paramount. The TB (coupe) and TS (targa) trims are largely similar in desirability, with personal preference for open-air driving being the main factor. This is a passion project, not a daily driver.
Drew B
Drew is a seasoned automotive expert and contributor to VinCheck.info. With nearly 15 years of experience as a former Porsche technician, he brings a wealth of hands-on knowledge to his writing. Born in North Carolina, a region renowned for its deep-rooted NASCAR culture, Drew developed a passion for cars early in life, often building and working on vehicles from a young age. At VINCheck, Drew leverages his extensive technical background to provide in-depth analyses of various vehicles. His articles often focus on engine performance, reliability, and maintenance insights, offering readers practical information grounded in real-world experience. Some of his notable contributions include reviews on the Mazda CX-5's longevity and detailed examinations of engine options for models like the 2011 Toyota Camry and Tacoma