Got $20,000 To Spend? That's A Corolla, i30, Or... A V12 Ferrari Photo:
ferrari_400i_04 Photo: tmr
ferrari_400i_01 Photo: tmr
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ferrari_400i_03 Photo: tmr

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Peter Anderson | Feb, 03 2014 | 14 Comments

Decisions, Decisions... Ferrari 400i V12 or an i30?

A Ferrari for around $20,000 usually conjures up images of a pile of twisted metal or, at the very least, a car missing a few vital organs.

The upcoming Shannon's Melbourne Late Summer Auction has a Ferrari on the books that has a reserve range of just $15,000 to $20,000. Happily, it is largely intact.

The car in question is a 1980 Ferrari 400i, painted in a very un-Italian 'Pino Verdi' and has 64,285km on its (five figure) clock.

The 2+2 was built in 1980 and originally delivered to a UK customer before being shipped out to our sunny shores in 1986.

The 400i was derided in its time for being "not a real Ferrari", in much the same way the California is today (usually by people who haven't driven them).

Produced between 1979 and 1985, the 400i was an upgrade to the similarly sacrilegious 400/400 GT pairing.

Also known as the 400A - A for Automatic - it was the first car from Maranello with an automatic transmission, a GM-sourced Turbo Hydramataic THM400.

The 400i is powered by that most Ferrari of engines, a 4.8 litre V12.

When it left the factory it had 228kW, courtesy of Bosch K-Jetronic fuel injection. The 400i shared the detuned V12 with the 308i while the Daytona had the full house 250kW.

Power was down from the carburettor-engined 400 to meet US emissions regulations.

The 400i model refresh also included styling tweaks and a new interior.

In its six years in production, buyers snapped up 884 automatics and just 422 five-speed manual GTs.

It was replaced in 1985 by the 412 and 412 GT, which had a larger engine, more power and yet another styling refresh.

Shannon's says the 400i in question isn't in perfect condition. The leather has "an acceptable patina", the Cromodora factory wheels are "in great shape" and the badges are still there.

However, the car has been in long-term storage, so the V12 is in need of some work, as are "other mechanical components."

Shannon's even refers to the car as "a project vehicle." So you'll need to add to the current owner's spend over recent years totalling $25,000. That spend includes a new windscreen and a stainless steel exhaust.

The 400i will go to auction on February 17th, alongside a 1969 Fiat 125 Sedan and a 1963 Fiat 600D, among other Italian classics.

The auction caters for almost every taste, with Corvettes, Porches, a V8-powered Tatra T600 Tatraplan and a Bolwell Nagari among the 73 lots.

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