The Ferrari 400 was not exactly one of the most loved exotics when it was introduced. The tide has turned, slightly, as the prices of other models have skyrocketed and enthusiasts look for any affordable point of entry for Ferrari ownership. Despite being saddled with an automatic, this 400 here on eBay may find a new home, but I question whether it will sell for the current $42,500 price tag.
The 400 has not run in 10 years, but the motor does still turn. The seller points out that the instantly recognizable flip-up headlights do still work, but that’s of little comfort considering the scale of the rest of the project. The seller also contends that the low recorded mileage of 3,958 is likely correct due to registration paperwork and an oil change sticker that shows lower mileage at previously recorded intervals.
An oil change sticker may provide mileage clues but it’s downright terrifying as evidence of this Ferrari’s maintenance history (I don’t think Ferrari dealers put a sticker in the door jamb). Also of concern is an indication Champion spark plugs were used in one of the few examples of what, if any, servicing this 400 has received over the last 20 years. What is working in this 2+2’s favor, however, is that it is a carb’d example, which made better power than later injected 400i’s.
As for high points, it appears the 400 has at least been stored in an adequate environment. The interior looks more than presentable for the age, and there’s only a few bubbling spots of rust noted on the exterior. The tool kit and owner’s manuals are included with the car, which is also a positive. But when a quick Google search reveals a running, driving automatic 400i for just $27,000, I have to wonder if this carb’d example is worth the added premium.