The once unloved 308GT4 is finally getting some love. Ferrari’s first mid-engine V8 spent years is the doldrums suffering in the hands of entry-level owners who, in many cases, had their eyeballs yanked out of their sockets when the first estimates for minor and major service were presented. For this reason, many 308s were poorly maintained and restored on a shoe string. Now that the 308 has been discovered, finding a good one at a fair price has become difficult. If you want one (and you should), you’ll have to look at 10 cars (probably more) to find the right one and getting to 10 can take a long time. Sports Car Market has really nice 308GT4s trading around $60,000 but they are hard to find in that condition. So I guess the burden of finding a nice one that will appreciate falls on a buyer who isn’t afraid to spend a little bit of money on a car with good bones. Today’s offering might be that car. The previous owner has a lot of experience in the Ferrari world and purchased this 308GT4 to take some pressure off his PF Cabriolet. That was in 1997. After a 13 years of happy motoring, the owner embarked on a full engine and transaxle rebuild. Needless to say, that cost a bundle. But as time passed, the 308 became a little too difficult to get in and out of so the Ferrari sat, unused, after completing around 250 miles. The engine is fresh and strong and there is a video of it revving freely after a detailed inspection and a few turns of the adjustment screws in the carbs. The body needs some attention. It has some bubbles in various places and will eventually need to be stripped and refinished properly. The interior is pretty decent but a few trim pieces need to be glued and dyed. The seller says the wheels need to be checked and refinished before you do any serious road work. Something about high magnesium content and porosity. This is an eBay auction with a Buy It Now at $38,500.00. That leaves enough in the bank to do the cosmetics or forget the concours circuit and drive the hell out of it. Click here for the eBay listing.