Hello and thank you for looking at my Ferrari.  I want to provide you with as much information about this vehicle as possible. If there is anything that you would like to know that is not listed here, please let me know, and I will respond to your questions.

I am the third owner of this vehicle. The first was from Connecticut and purchased the car from Miller Motorcars in Greenwich Connecticut.  It was purchased on August 26, of 1993. He traded it in to the same dealer at the end of 2001. It was then purchased by the second owner, a fellow from Annapolis, MD, at the end February of 2002.  At the time of transfer, the vehicle had 4,339 miles on it. I purchased it from the second owner in 2010, at which time the vehicle had just over 8200 miles on it. 

The car has always been stored inside. It has been serviced at 2 Ferrari dealerships, Miller Motorcars in Greenwich Connecticut, Ferrari of Washington, and by Competizione in Gaithersburg, MD. I had Competizione do a pre-purchase inspection and subsequent major service. I have all service records for the car. The last major was extensive. The major items were timing belt, Hill bearings, OEM water pump, Tubi Evo stainless exhaust, Hyper-flow catalytic converters, silicon hose set, new tires all around, and much more. The major service is paper and photo documented. The front air dam was pulled and repainted due to some scraps. Skid plates were added. During this time all the plastic interior parts where removed and refinished by Sticky-No-More. All total more than $20K was invested. Since this work, the car has been driven about 2,000 miles. This car needs nothing and is near museum quality.

It has a few after market items, such as a steering wheel that can easily be return to stock, I have the original parts.  The steering wheel was changed and a hub extension added to make the car more suitable to its current, quite tall, driver. 

The car also has a K40 Radar detector - both front and rear detection, perfectly concealed.  Nothing is visible from the exterior in regards to the sensors, and the warning lights are custom installed into the instrumentation cluster without drilled holes of any kind.  The lights illuminate in existing blocks on the instrumentation cluster.  The on/off switch is on the flat dash cluster below the radio, above the gear shifter, where loose change would go.

This car has minimal wear and tear, all extremely minor.   It has been garaged it's entire life, and therefore has no paint-fade. 

The vehicle has never been involved in any accidents.

The vehicle is free from door dings. 

There is no interior fading, and the leather and carpets are in amazing condition.  There are no wear marks from ingress/egress anywhere, and the driver's and passenger seats look fantastic.  Most Ferrari's tend to show extensive wear and tear on the door sills, but this one does not. 

 Tires are new and there is no curb rash on any of the rims, period!

Condition is subjective and of opinion. Please feel free to inspect the photos and come and see the car yourself. 

This car has been the pride and joy of three older gentlemen owners, never raced or abused, it has been babied and well cared for, regardless of expense. 

All-in-all, this has always been a wonderful Ferrari.  I will be very sad to see it go.  My reason for selling it is that I am moving on to new interest. In fact, I am moving aboard a sailboat and taking off for extended sailing. If I had some way to keep this car, I would. I won't have a garage, or any way to ensure the car is run from time to time, so it has to go.

That said I am in no hurry to sell it. I'm not leaving for a while (still preparing the boat).

This is probable the best example of a 348 you will find. I believe this car will only grow in value over the years. Yes, you can find cheaper ones, but to get one in this condition and with such low miles is difficult. You get what you pay for and I think this car is fairly priced. Please don't waist my time with low ball offers, and please no tire kickers looking for a joy ride.

Again to repeat, this car is clean, clean, clean. The engine bay is beautiful. It still has the insulation in place on the under side of rear deck engine hatch. Often on 348s it is missing or falling apart. The interior is a 10 and the leather is gorgeous, including the driver seat. That's hard to find.  Of all the 348s, the 1994/95 Spiders are the ones to own. If you are considering the 348, you need to see this one. Yes you can find cheaper, and and then spend twenty grand getting it up to the standard of this car, but then you'd most likely still have a car with more miles. This car, with such low miles, can be bought, enjoy for some years, and you'd still have a high value low mileage car to sell.

 
ITEMS INCLUDED WITH THE CAR:

I have all the original items that came with the car. 

All keys

Convertible bonnet cover - See photo in the latter top down pictures with it installed. The bag it stores in accompanies it.

The Ferrari luggage/tool kit

All service records

Original red Ferrari car cover

 

All parts removed from the car, such as exhaust, cats, steering wheel and such, should you wish to return the car to fully stock.

The following is some general information for those not familiar with the 348 -

From the my348 website - "You've got to drive this car! The Ferrari 348 Spider elicits waves, honks, stares, and constant calls from nearby motorists and pedestrians alike. Ordinary drivers morph into paparazzi, turning their digital cameras and video recorders on to film your every move as you drive by with the top down."

The Ferrari 348 is a mid-engine, rear wheel drive, V8-powered 2-seat sports car. It replaced the 328 in 1989 and was produced through 1995.

More than 8,000 348s were produced and sold worldwide. Only 556 Spiders were imported to the U.S.

The car's straked side air intakes give it a Testarossa look (because of this it is sometimes considered a kid brother to the Testarossa).

The 348 features a naturally aspirated 3.4 liter version of the quad-cam, 4-valve per cylinder V8 engine which was originally found in the 288 GTO supercar. In the early models the engine produced 300 hp (224 kW). It sits longitudinally with a transverse gearbox, like the Mondial T with which the 348 shares many components. This was a major switch for Ferrari, with most previous small Ferraris using a transverse engine with longitudinal transmission

All 348s were shipped with dual-computer, double-redundant Anti-Lock Braking systems. All 348s were shipped with on-board self-diagnosing Air Conditioning and heating systems. U.S. 348s have functioning on-board OBDI engine management systems.

Similar to the Testarossa but departing from the BB 512 and 308/328, the oil and coolant radiators were relocated from the nose to the sides, widening the waist of the car substantially, but making the cabin much easier to cool, since hoses routing warm water no longer ran underneath the cabin as in the older front-radiator cars.

All Ferrari 348s use racing "dry-sump" oil systems to prevent oil starvation at high speeds and in hard corners. The oil level can only be checked (accurately) on the dip-stick when the motor is running due to this setup.

Likewise, all 348s have independent, corner-adjustable ride/height/weight adjustment abilities built into each suspension, as well as a removable rear sub-frame to speed up the removal of the engine for maintenance.

The Spider version came out in 1993. The 348s had many improvements from 1993 onward, featuring subtle styling changes and more power, this time producing 312 bhp (U.S) and 320 hp (Euro) from the same 3.4 liter engine (different exhaust). The lower body was now body-colored instead of black and the rear track was one inch wider due to the addition of spacers. The suspension geometry was revised which greatly enhanced its super-car-level handling, ride, and body control. The alternator was upgraded and the battery moved to a better location to improve balance.

I believe the 348 Spider hits the sweet spot in the Ferrari line up. It has pretty much bottomed out in its deprecation curve, and has begun to appreciate. As with all Ferraris, condition, good maintenance records, mileage, and a well documented history make all the difference in price.

348 Spider -

General Info (spider)
MSRP:	$117,400
Stated Miles Per Gallon: Observed MPG:	14/23 mpg 16.3/21 mpg
Curb Weight:	3252 lbs.
Layout:	Mid-Engine/Rear Drive
Total Quantity Imported Into U.S. (1993-1995):	556

 

• Engine: DOHC, 32 Valve V8, 3405 cc
• Power: 312 bhp @ 7800 rpms
• Transmission: 5-speed manual
• Chassis: Steel platform & sub-frame
• Suspension: Independent all round
• Brakes: 4 wheel Disk ABS
• Max. Speed: 275 km/h (171 mph)
• Acceleration
• 0-96 km/h (60 mph): 4.9 s
• 0-161 km/h (100 mph): 12.7 s