1991 Ferrari 348 TS - 26 Year Ownership

Highlights 

• Original European spec model purchased new in Italy

• In current long-term ownership

• 300bhp naturally aspirated V8 engine with a five-speed gated manual gearbox

• Service history with two cam belt changes detailed

• Recent service and recommissioning reported

• In stunning condition throughout

• Especially low mileage

• Appreciating model

• Advisory-free MOT

Overview

The '90s are having a bit of a renaissance at the moment and we must admit we're 100% here for it. From iconic sitcoms to baggy jeans and flannel shirts it's clear that there's currently peak nostalgia for the 1990s. Even Oasis are back together! It's only natural then that the great cultural gauge that is classic sports cars should also be swinging back around to such times and the appreciation of glorious young timers like this stunning Ferrari 348 TS. Yes, technically the 348 arrived in '89 but for any discerning petrolhead Maranello's magnificent  Leonardo Fioravanti-penned V8 two-seater will forever be a true '90s hero.

With those in the know now rightly recognising the 348's virtues, it still remains an excellent value option for those looking at getting into Ferrari ownership or collecting, especially compared to the F355 that replaced it. The last V8 Ferrari developed under Enzo's watchful eye, the 348 was available as a coupe, a Targa and later a Spider but it's the TS Targa, like this one, that is arguably the one to have. With an inherently usable 300bhp from its all-alloy V8 the 348 gets from 0-60mph in just 5.4s before tapping out at 171mph but its all so exploitable, making you feel like Ayrton Senna whether on a trip to the local supermarket or a continental jaunt to the South of France. 

This original left-hand drive European specification example was manufactured on 7 October 1991 and reportedly first owned by a Fiat dealership owner in Italy. It was acquired on 1 December 2000 by the current owner—another garage owner—who drove it back to the UK. After enjoying it for French road trips and light UK driving, the car was placed on SORN at the end of 2003 following the birth of their child. Since then, it has been stored in a heated garage with occasional runs on trade plates, remaining in the same long-term ownership for 26 years.

Showing just 25K km from new, this stunning Ferrari presents beautifully throughout and has recently been fully serviced and recommissioned, perfectly preparing it for its next lucky custodian.

History and documentation

• 1991 model year

• First registered on 31 Dec 1991

• Manufactured on 7 Oct 1991

• First owned by a Fiat dealership owner in Italy

• Purchased by the current owner on 1 Dec 2000 and driven to the UK

• In current long-term ownership for 26 years

• Original book pack and leather wallet

• Original warranty card dated 10 Oct 1991

• Three keys (two unused spare keys in their original plastic bag)

• The original service book is present showing a Ferrari main dealer inspection at 15,600 km (1997) along with supporting invoice

• There are service stickers on the car (including from a Fiat dealership in Vignola where it was purchased by the current vendor)

• Service history includes documentation of three services under previous ownership (including the initial free service), plus two full cam belt services during the current owner's 5,000 km of use, most recently in November 2025

• HPI clear

• Advisory-free MOT until 17 Feb 2027

• 25,060 indicated km (approximately 15,571 miles)

Interior

• Black leather interior is in fine shape throughout and the seats are wearing well

• Looks to be wholly original

• Only light signs of use evident commensurate with limited mileage

• No reports of any electrical issues or warning lights on the dashboard

• Carpets are clean

• No signs of any water ingress

• Dashboard and door cards remain intact with the vendor informing us that the sticky plastics issue common to these models has been addressed

• Factory plaques and stickers present and correct

• Luggage space is clean and tidy

• Ferrari tool kit, original books, leather wallet, and roof bag present and complete

• Engine bay is clean and presents well

Exterior

• Described by the vendor as "absolutely spotless"

• All body panels appear straight and all shut lines are uniform

• No evidence of any damage but there are a few light stone chips to the front end commensurate with the car's age

• Classic Rosso Corsa paintwork looks to be in excellent shape overall

• Pop-up headlights are fully functional

• All of the black trim pieces remain in great condition

• The removable black Targa roof is equally well-presented and appears to fit as it should 

• All glasswork looks to be in good order

• Factory five-spoke 17” alloy wheels look to be are mostly free from any real blemishes or damage  but the left side rear does carry a few small chips to the rim

• Pirelli P Zero Asimmetrico tyres with barely any wear, though replacement is needed due to age

• Clean underneath with no signs of damage

Mechanical

• Original Euro-spec car purchased in Italy

• 3.4-litre, 300bhp naturally aspirated V8

• Five-speed gated manual gearbox

• 0-60mph in 5.4secs

• 171mph top speed

• Two full cam belt services under current ownership, most recently in Nov 2025

• No active mechanical issues reported

• Starts and revs well

• The vendor informs us that the car starts, goes, stops and sounds the way a 25,000km Ferrari should

Summary

A red '90s Targa top Ferrari 348 in stunning condition with just 15K miles on the clock? What's not to like? At this level of quality and with such low use this excellent 348 TS could be a very shrewd investment as prices for these cars continue skyward. And if you just want to drive and enjoy it, well, it's a superb analogue V8 Ferrari with a manual gearbox, and it simply doesn't get much better than that. 

To arrange a viewing, click the 'Book Viewing' button located under the 'Place Bid' button. Viewings can be booked up until the day before the auction ends, after which the option will change to 'Contact Seller' for further enquiries. This seller is located near Rainham in Kent.