The cheapest new Ferrari on sale today is the Ferrari Roma, with a starting price of $247,310. However, if youre looking for a more affordable option, there are several used Ferrari models available for under $120,000, such as the Ferrari F355, Ferrari 360 Modena, Ferrari F430, Ferrari California, Ferrari 550 Maranello, and Ferrari 575M. Additionally, some of the cheapest used Ferrari models include the Ferrari 348, Ferrari Mondial, and Ferrari 400i, with prices starting at around $60,000. Its important to note that while these prices may seem more affordable, owning a Ferrari still comes with high maintenance costs, so its important to factor that into your decision-making process.