The 1991 Ferrari 348 is a mid-engine sports car that served as Ferrari's entry-level V8 model from 1989 to 1995. Available as a coupe (Berlinetta) and targa (GTS), it succeeded the 328 GTB/GTS. The 348 stands out for its aggressive styling, inspired by the Testarossa, and its accessible V8 Ferrari experience. Original pricing ranged from approximately $70,000 to $80,000.
The Good
The 1991 Ferrari 348 offers exhilarating V8 performance and iconic Italian styling, providing an emotional connection for enthusiasts. Practically, its mid-engine layout contributes to balanced handling. While not the most reliable, it offers a relatively attainable entry into Ferrari ownership.
The Bad
Known weaknesses of the 1991 Ferrari 348 include potential electrical gremlins, cooling system issues (especially the dreaded 'sticky' or failing thermostat housing), and wear and tear on the timing belt and related components. Suspension bushings and steering rack leaks are also common concerns.
1991 Ferrari 348: Quick Overview
- Engine Options: The primary engine for the 1991 Ferrari 348 was a 3.4-liter naturally aspirated V8.
- Horsepower: This V8 produced approximately 300 horsepower at 7,200 rpm.
- Torque: Peak torque was around 229 lb-ft at 4,200 rpm.
- Fuel Economy: Expect fuel economy in the range of 12-15 mpg combined, with city driving significantly lower.
- 0-60 Times: Manufacturer-claimed 0-60 mph times were typically in the 5.0 to 5.5-second range.
- Towing Capacity: As a mid-engine sports car, the 348 has no towing capacity.
- Transmission: A 5-speed manual transaxle was the only transmission offered.
- Drivetrain: Rear-wheel drive.
- Body Styles: Available as a Berlinetta (coupe) and GTS (targa top).
- Key Trims/Features: While there weren't distinct trims in the modern sense, features across the model years evolved. Standard features on the 1991 model generally included leather interior, power windows, air conditioning, power mirrors, and a premium sound system for its era. The later Challenge Stradale variant (not for 1991) was a more track-focused version. Some early 348 models had ABS, but it was not standard across the board for all years. The interior design was driver-focused with prominent Ferrari badging.
1991 Ferrari 348 Specifications
Vehicle Information
| Year | 1991 |
| Make | Ferrari |
| Model | 348 |
| Trim | - |
| Style | - |
| Type | Coupe |
| Category | Compact Car |
Manufacturing Details
| Made In | Italy |
| Manufacturing City | MARANELLO |
Dimensions
| Doors | 2-Door |
| Curb Weight | - |
| Gross Vehicle Weight Rating | - |
| Overall Height | - |
| Overall Length | - |
| Overall Width | - |
| Wheelbase Length | - |
| Standard Seating | - |
Engine & Performance
| Engine | 3.4L V8 |
| Engine Size | 3.4L |
| Engine Cylinders | 8 |
| Transmission | 5-Speed Manual |
| Transmission Type | Manual |
| Transmission Speeds | 5-Speed |
| 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 1991 Ferrari 348 Have?
The 1991 Ferrari 348, like many Italian exotics of its era, has a reputation for requiring diligent maintenance and can be prone to specific issues. One of the most frequently cited problems relates to the cooling system, particularly the thermostat housing, which is known to become brittle and crack, leading to coolant leaks and potential overheating. Early models (including 1991) sometimes suffered from electrical gremlins, manifesting as intermittent issues with various systems due to aging wiring harnesses and connectors. The fuel system can also be a concern, with fuel pump failures and clogged injectors reported. Suspension components, such as worn bushings and leaking power steering racks, are also common wear items that require attention. The timing belt requires regular replacement (typically every 3-5 years or 30,000 miles), and neglecting this can lead to catastrophic engine damage. While there weren't major recalls that drastically changed the car's fundamental design, specific service bulletins addressed cooling and electrical issues. Long-term reliability heavily depends on the car's maintenance history. Cars that have been regularly serviced by qualified Ferrari specialists tend to fare much better than those that have been neglected. The engine, if properly maintained, is robust, but the ancillary systems and the gearbox (especially the synchros) can be points of concern over time. The 1991 model year is part of the early production run, and some refinements were made in later years, but the core potential issues remain consistent across the 348 model line.
How long will the 1991 Ferrari 348 last?
Estimating average mileage for a 1991 Ferrari 348 is challenging due to their nature as often being weekend or special-occasion cars. However, many examples on the market have mileage ranging from 20,000 to 50,000 miles. Cars with significantly higher mileage (over 75,000 miles) are less common and suggest a history of regular use, which, if coupled with meticulous maintenance, indicates good long-term durability for the engine and transmission. The chassis and body are generally durable, but rust can be a concern in certain climates if not properly protected. Weaknesses over time primarily manifest in the aging of rubber components (hoses, bushings), electrical system reliability, and the aforementioned cooling system issues. With diligent and consistent maintenance by knowledgeable technicians, a 1991 348 can provide many years of enjoyable service, but expect ongoing investment in upkeep.
What Technology & Safety Features are Included?
The 1991 Ferrari 348 represents a period when technology in supercars was beginning to advance, but it was still a relatively simple affair compared to modern vehicles.
Built-in Tech and Entertainment: Standard equipment typically included power windows, power mirrors, and air conditioning. The audio system was usually a premium unit for its time, often a brand like Clarion or Alpine, featuring AM/FM radio and a cassette player. There was no navigation system, Bluetooth, or digital displays. The focus was purely on the driving experience.
Driver-Assistance Features: Driver-assistance features were minimal to non-existent. Anti-lock brakes (ABS) were an optional feature on some 1991 models, but not universally equipped or standard. Power steering was standard, providing a connected feel to the road. Traction control was not available.
Safety Features: Safety features were basic. Three-point seatbelts were standard. The car's mid-engine, rear-wheel-drive layout provided a certain inherent balance. Airbags were not standard and were rare, if available at all, as an option for the 1991 model year. The body structure was designed for performance, not modern crashworthiness.
Crash-Test Ratings: Official crash-test ratings from organizations like the NHTSA or IIHS are not readily available for the 1991 Ferrari 348. These types of vehicles were not subjected to the same rigorous, standardized testing as mass-market cars during that era. The primary safety considerations for owners revolve around careful driving due to the car's performance capabilities and the relative lack of modern safety nets. Optional features were limited, primarily focusing on cosmetic or comfort enhancements rather than significant technological advancements.
Built-in Tech and Entertainment: Standard equipment typically included power windows, power mirrors, and air conditioning. The audio system was usually a premium unit for its time, often a brand like Clarion or Alpine, featuring AM/FM radio and a cassette player. There was no navigation system, Bluetooth, or digital displays. The focus was purely on the driving experience.
Driver-Assistance Features: Driver-assistance features were minimal to non-existent. Anti-lock brakes (ABS) were an optional feature on some 1991 models, but not universally equipped or standard. Power steering was standard, providing a connected feel to the road. Traction control was not available.
Safety Features: Safety features were basic. Three-point seatbelts were standard. The car's mid-engine, rear-wheel-drive layout provided a certain inherent balance. Airbags were not standard and were rare, if available at all, as an option for the 1991 model year. The body structure was designed for performance, not modern crashworthiness.
Crash-Test Ratings: Official crash-test ratings from organizations like the NHTSA or IIHS are not readily available for the 1991 Ferrari 348. These types of vehicles were not subjected to the same rigorous, standardized testing as mass-market cars during that era. The primary safety considerations for owners revolve around careful driving due to the car's performance capabilities and the relative lack of modern safety nets. Optional features were limited, primarily focusing on cosmetic or comfort enhancements rather than significant technological advancements.
What Colors Options are Available?
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1991 Ferrari 348 Prices and Market Value
When new, the 1991 Ferrari 348 typically ranged from approximately $70,000 to $80,000 USD. As with most exotic cars, the 348 experienced significant depreciation in its early years. However, in the current used market (as of late 2023/early 2024), prices for well-maintained examples in good condition can range from $40,000 to $70,000 or more, depending on mileage, condition, service history, and specific options. Low-mileage cars and rare specifications command higher prices. Factors significantly affecting resale value include meticulous maintenance records, originality, body condition (no accident damage or significant cosmetic flaws), and whether the car has been modified. A complete and documented service history is paramount for retaining and increasing value. Unlike many mass-produced cars, the 348 has largely stabilized its depreciation and is now appreciating for pristine examples.
1991 Ferrari 348 Cost of Ownership
Owning a 1991 Ferrari 348 is undeniably costly. Insurance will be substantial, requiring specialized exotic car policies. Fuel consumption is high, averaging 12-15 mpg, requiring premium fuel. Maintenance is a significant expense; regular major services, including timing belt replacements by Ferrari specialists, can easily cost thousands of dollars. Repairs can be astronomical, with parts often being expensive and labor rates high due to the specialized nature of the work. This is not an economical vehicle to own; it is a costly endeavor requiring a significant budget for upkeep and potential repairs, but the ownership experience can be rewarding for enthusiasts.
1991 Ferrari 348 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
-
City Mileage
-
Highway Mileage
-
1991 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
1991 Ferrari 348 Insurance
Insurance for a 1991 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 1991 Ferrari 348 Compare to Other Coupe?
The 1991 Ferrari 348 competed in a highly competitive segment of mid-engine sports cars. Its primary rivals included the Porsche 911 (964 generation), Chevrolet Corvette (C4 ZR-1), and potentially the Lotus Esprit.
Performance: The 348's 300hp V8 offered respectable performance for its time, with 0-60 mph around 5.0-5.5 seconds. The Porsche 911 (964) Carrera 2 offered similar straight-line speed but a different driving character with its rear-engine layout. The Corvette C4 ZR-1 was a performance monster, often outperforming the 348 in acceleration and top speed. The Lotus Esprit offered a more exotic, lightweight alternative with a potent turbocharged engine.
Features: The 348 was relatively basic in terms of modern tech, focusing on the driving experience. Rivals like the Corvette C4 often offered more creature comforts and advanced optional features for the price. The 911 also provided a more refined interior and creature comforts.
Reliability: This is where the 348 often struggles. While the Porsche 911 and Chevrolet Corvette are generally considered more reliable and easier to maintain, the Ferrari 348 demands more specialized attention and can be prone to electrical and cooling system issues. The Lotus Esprit also had its share of reliability quirks.
Price: The 348 was positioned as a premium exotic, typically priced higher than the Corvette and often on par with or slightly above the 911.
Alternatives: For those seeking a more reliable and potentially less expensive entry into a V8 sports car, the Chevrolet Corvette C4 ZR-1 offers incredible performance for its price. If outright reliability and a more traditional sports car feel are desired, the Porsche 911 (964) is an excellent alternative, though it lacks the mid-engine exotic appeal. For those who truly desire a mid-engine exotic and are willing to accept higher maintenance costs for the prestige, the 348 is a unique offering. However, a well-maintained Porsche 964 Carrera 2 Targa or a Lotus Esprit S4 might offer a similar exotic experience with potentially different reliability profiles.
Performance: The 348's 300hp V8 offered respectable performance for its time, with 0-60 mph around 5.0-5.5 seconds. The Porsche 911 (964) Carrera 2 offered similar straight-line speed but a different driving character with its rear-engine layout. The Corvette C4 ZR-1 was a performance monster, often outperforming the 348 in acceleration and top speed. The Lotus Esprit offered a more exotic, lightweight alternative with a potent turbocharged engine.
Features: The 348 was relatively basic in terms of modern tech, focusing on the driving experience. Rivals like the Corvette C4 often offered more creature comforts and advanced optional features for the price. The 911 also provided a more refined interior and creature comforts.
Reliability: This is where the 348 often struggles. While the Porsche 911 and Chevrolet Corvette are generally considered more reliable and easier to maintain, the Ferrari 348 demands more specialized attention and can be prone to electrical and cooling system issues. The Lotus Esprit also had its share of reliability quirks.
Price: The 348 was positioned as a premium exotic, typically priced higher than the Corvette and often on par with or slightly above the 911.
Alternatives: For those seeking a more reliable and potentially less expensive entry into a V8 sports car, the Chevrolet Corvette C4 ZR-1 offers incredible performance for its price. If outright reliability and a more traditional sports car feel are desired, the Porsche 911 (964) is an excellent alternative, though it lacks the mid-engine exotic appeal. For those who truly desire a mid-engine exotic and are willing to accept higher maintenance costs for the prestige, the 348 is a unique offering. However, a well-maintained Porsche 964 Carrera 2 Targa or a Lotus Esprit S4 might offer a similar exotic experience with potentially different reliability profiles.
Final Verdict: Is the 1991 Ferrari 348 a Good Coupe?
The 1991 Ferrari 348 is ideal for the passionate automotive enthusiast who desires the iconic Ferrari experience, sound, and styling but has a more modest budget than for later models. It's not for the faint of heart or those seeking trouble-free daily transportation. It is worth buying for collectors and hobbyists who understand and can afford the significant maintenance and repair costs associated with owning a vintage Italian exotic. Buying used is the only option. Look for well-documented service history, particularly focusing on timing belt replacements and cooling system upkeep. While not a perfect car, a well-sorted 348 offers an unparalleled emotional connection and an accessible entry into the Ferrari lineage. Consider it an investment in passion, not just transportation.
Eugene S
Eugene is an automotive enthusiast with over 15 years of experience in the used car market. As a writer at VINCheck.info, he brings deep industry insight and a passion for cars, helping readers make smart, informed decisions. Eugene has written hundreds of used car reviews and is known for breaking down complex automotive topics into clear, actionable advice. Over the years, he has driven and worked on a wide range of vehicles—starting with tuning street cars in his early days and eventually focusing on performance upgrades and reliability improvements. Today, he specializes in evaluating used vehicles through the lens of real-world ownership and enthusiast needs. A longtime fan of Porsche, Eugene especially appreciates vehicles that blend durability with driving enjoyment.