I ran across this Ferrari 360 today on a site called E-ZSalvage.com. This is a heck of a deal on a car that doesn't appear to have any damage. It's a red 2003 Ferrari 360 Coupe with just over 10k miles on it. The description indicates it's a salvage title, but lists damage type as Normal Wear. It has secondary damage listed as Previous Repair. No idea what that means, but if this ran and didn't have any body work to be done, you'd have a heck of a car for $41,900, which is the current top offer. Even if you had to put $10k or $20k into it, you'd still be way under book value even given the salvage title.

All I can say is Holy CRAP!!! This 1990 Ferrari 348 ts just sold for $26,100 on eBay. That's a car that less than 2 years ago was commanding nearly $50k! And will easily be back up in the $40k to $45k range in the next couple of years.

This particular example had 43,041 miles on it and had just had the major 30k service done (I priced it out at my local Ferrari dealership at $11k). Everything looked good on the car except an issue with the transmission. Even with that, you'll still be in the car less than $30k at worst.

This is one heck of a Bargain Exotic.

The New York Times recently reported some of the bizarre "clunkers" people turned in as part of the Cash For Clunkers program that ran this summer. My personal fear was that various Porsche models were going to be part of the program (which Porsche 944s were unfortunately). The craziest of the cars mentioned was a 1997 Bentley Continental R that sold new for $250,000. It's owner turned it in for a $3,500 or $4,500 credit!

The question on everyone's mind is was the car REALLY only worth $4,500? One Bentley enthusiast mentioned the seats alone would be worth more that. Crazy that the dealer didn't just buy it outright from the seller.

Other cars on the exotic or desirable list that got the crunch were:

1997 Aston Martin DB7 Volante
1988 Aurora Cars Ltd. (Shelby cobra replica)
1992 BMW 850i
1987 Buick GNX 1987
1987 Excalibur Autos Phaeton
1990 Laforza
1985 Maserati Quattroporte
1999 Mercedes C43 AMG
1992 GMC Typhoon
2006 Roush Stage 3 F-150

Some great exotics on that list. Sad to see them go.

What do you get when you have a Ferrari 360, 9.5 feet of hand-built carbon fiber, and too much time on your hands? Only the world's fastest limousine!

Dan Cawley who lives in the U.K. decided to stretch his Ferrari 360 Modena. The car is now 20 feet long and can scoot on up to 166 mph. I wonder what the ride is like at that speed?

The only problem is Ferrari corp is upset. They sent a letter to Cawley demanding he remove the Ferrari names and "360 Modena" badging from the car. They claim that since he grafted in the 9.5 foot section of hand-built carbon fiber to stretch the car, that it's no longer a Ferrari.

Doesn't it seem kind of crazy that a company you bought a car from can tell you what to do with the car?! It's not like there's going to be a rush of people going out to chop up their Ferraris as a result.

[Via TimesOnline.co.uk]

This is a 2000 Ferrari 360 in silver listed on eBay. A Buy It Now price of $79,900. Only 25k miles and a relatively recent service. The owner has already done a Pre-Purchase Inspection (PPI) on the car. Sure it's not the sexiest color for a Ferrari, but this is a car regularly listed for $100k+ on eBay. I'm guessing you could save at least another $5k or so through the Make Offer option.

Scent of a Woman anyone? Such a great scene in that movie when they're blasting through the streets with Charlie navigating. I found this on Portland.Craigslist.org. Red with tan leather. 73,000 miles. It's listed for $32,000, but I bet you could talk him down under $30k without too much trouble.

Here's the final round of Smart Sports Cars. Finishing things off with the best of the best.

Smamborghini

Smerrari

Here's ANOTHER Ferrari 348 that went very very cheap. It's a 1994 348 tb that was up for auction with no reserve. It had only 6,659 miles on it and had a clean CarFax report. Yellow with black interior and some interesting chrome aftermarket wheels (don't necessarily love those). Looks like it's in great condition.

Sold just over a month ago on eBay for $29,999!!! This is a steal on this car.

Here's another round of Smart Car exotics you may want to put on your "Cars I'd Like To Own Someday" list.

Smorsche

Smorsche Targa

This is a Ferrari 348 TS, 1989 model year. It has the "Magnum PI" style targa roof. It was a no reserve auction that ended at $27,701 a little over a month ago!!! That's just crazy. The car had 18,650 miles on it and was listed as good condition with a clear CarFax report. Nothing beats the red with tan interior. Classic Ferrari.

These deals are out there. NOW's the time to be looking.