A youngtimer is a car that is not yet old enough to be considered an oldtimer (classic car), but it has reached a certain age and is desirable among collectors and enthusiasts. Although there is no fixed definition for what constitutes a youngtimer, they are generally considered to be cars that are at least 20 years old but not yet 30 years old. Oldtimers, on the other hand, are typically vehicles that are over 30 years old and in their original condition. Antique cars need to be at least 45 years old, although this can vary from country to country. Pre-war cars cover the years from 1919 to 1930. 
 
Such cars are very popular in Europe and North America. Since they are considered collector's items, insurance premiums are usually lower compared to modern cars, even though they can be more dangerous to drive. 
 
High return potential 
Automotive investments have achieved an average annual value appreciation of over 11% over the past 10 years. 
 
Rarity 
In the past, these cars, which are now in great demand, were built very little. For example, only 1400 examples of the legendary 300sl Gullwing were built. According to the Knight Frank 2023 index, classic cars have seen significant appreciation, with a 185% increase over the last decade. 
 
Market Growth 
Statista estimates the global classic car market revenue to be 30.9 billion U.S. dollars and its expected growth to be 8.8 percent annually until 2024.

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Kilometer

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Transmission

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Condition

Splint Invest Platform Fee 
Compensation for the tokenization of the assets, the maintenance as well as the further development of the application and the costs related to the research and maintenance of the expert network. 
 
External maintenance costs 
We are committed to providing the highest standards of storage, maintenance and insurance of your equipment on your behalf. The associated costs will be shared between the splint holders and included as an ongoing cost in relation to each asset. So if you own 1% of the car, your splint account will be charged 1% of the associated costs. Further details and breakdowns are listed in the factsheet for each investment. 
 
Exit fee 
When you sell an investment, you will be charged a flat fee of 2% of the transaction volume. This includes our expenses for sales on the secondary market, our costs for maintaining this market and our organisation of an asset sale at the end of the contract.

⚠️New: We now provide you with the option to repurchase your splints at market value anytime. Please note that an additional processing fee will apply. The processing fee varies based on the volume, investment, and your holding duration. Use the contact form to initiate the process. 
 
Why THIS, Ferrari 348 TB 
 
High Export potential:&nbsp;This Ferrari is positive for an investment in two ways. Being a LHD drive car means they are less desirable in the UK and can be sourced under market value compared to RHD counterparts and also opens it up for export to Europe as well as the US and Australia increasing demand. In total the car has 6 pre owner, with each of them caring for the car over 5 years. It is clear this Ferrari has wanted for nothing during its life which is why it presents in near concours condition today. 
 
An Exemplary Model: Having just one Italian owner from new before being imported into the UK in 2015 this example underwent a 'non-intrusive' restoration bringing it to 'one of the best examples to be found in the UK'. Updated with the desirable styling cues from the later 348 GTB and is an example to be preserved for future generations. 
 
Low Production Numbers: After hitting showrooms worldwide in 1989 production of the 348 ceased in 1994 there were a total of 8,745 units produced. Only 2894 were the 'TB' (TransversalBerlinetta) variant making them quite rare at the time and even rarer now that time has taken its toll on many 348s over the years. 
 
Raw and Analogue Driving Thrill: The 348 TB was one of the final 'raw' cars to leave Maranello. Offering a pure and simple driving experience that purists crave and enjoy. In this technological age purists and collectors pine for that raw driving thrill that can only be offered by supercars of this era making them highly desirable. 
 
Why Manual Ferraris? 
 
A Dying Breed - The age of the manual is over 
 
The iconic H pattern shifter has always been praised by enthusiasts for its precise, rifle-bolt nature along with making the marques cars more engaging and enjoyable to drive, but in 2012 Ferrari dropped a manual option across its range of sports cars. 
 
Mainly due to the fact that Ferrari's dual clutch system had become so advanced it made shifting lightning quick and made the brands cars faster than ever before. 
 
However, with models such as the Ferrari 430 where the Scuderia which was only offered with an F1 gearbox, made more power and was faster than its standard manual sibling, those offered with the gated gearbox are changing hands for more than the F1 Scuderia model as purists chase that raw, analogue experience that older generation Ferraris used to offer. 
 
This has lead to the manual alternative commanding a higher premium and holding their values as they are not just becoming rarer but enthusiasts and collectors can all agree, there is something just so satisfying and raw about rowing through the gears on a gated manual gearbox. 
 
The 348 TB offered here is also the last time Ferrari's five-speed gearbox was used before it made way for a more modern six-speed variant. Making the 348sought after for being both a manual Ferrari but also the last model to have this unique transmission.

The price of €78,200 includes the Splint Invest platform fee and external maintenance costs of €7,500. €70,700 can be allocated to the vehicle. 
Platform Fee Splint Invest: Compensation for the tokenization of the assets, the maintenance as well as the further development of the application and the costs related to the research and maintenance of the expert network. 
External maintenance costs: Shipping, handling, 4 years storage, and insurance.

Variable Costs

BOXEDclassics, East Midlands, England

30902_Ferrari_348TB_1991

Ferrari 348s experienced an average price increase of over 36% between 2019 and 2023. 
 
According to the 2023 Wealth Report by Knight Frank, prices for collector cars have increased by 185% over the past 10 years.

Return

The production volume amounts to 2,894 units. It is one of the last Ferraris handcrafted in Maranello. The 348 wasn't particularly well received after its launch, but things have changed substantially. 
 
Instigated by some retrospective reviews by leading automotive journalists, these cars are finally getting the recognition they deserve, driving values up in turn.

Stability

Released in: August 2023 
 
We present the last V8-engined Ferrari developed under the legend Enzo Ferrari himself.

Ferrari, 348TB, 1991

In the automotive sector, only a few names carry such weight and heritage. The true legend Enzo Ferrari founded the company in 1939. Although the company started developing racing vehicles in 1940, it wasn't until 1947 that a vehicle with the Ferrari emblem was introduced. 
 
Ferrari can also refer to an extensive motorsport tradition, as the company has been active in the sport of Formula 1 since its inception.

Track Record

The mission at TheCarCrowdis to give investors across the globe the opportunity to invest in one of theWorld’s fastest appreciating asset classes.

Investment in classic cars is an effective way of diversifying a portfolio, indicated by fact that 81% of ultra HNWs have at least 1 alternative asset such as classic cars within theirportfolio. The Knight frank 2023 index shows that classic cars have appreciated 185% in the last decade and 25% in the last year. In the last 10 years, only beaten by rare whiskey; classic cars are consistently in the top 2 highest performing luxury asset classes. 
 
However classic cars as an asset class is not as widely adopted as it should beas a diversification technique. Only 13% of mass affluent investors (mainstream) have any form of classic car investment in their portfolio due to the perceived high barriers to entry including:

<ul>
	<li>Lack of awareness of the category,</li>
	<li>Skill and experience in selecting the right asset,</li>
	<li>Access to acquire the right assets,</li>
	<li>Space to store, experience and resources to maintain the vehicle,</li>
	<li>Capital available to buy the whole car,</li>
	<li>Lack of awareness of regulated platforms to enable fractional investment.</li>
</ul>

But the business case for this asset class is proven. The mission at TheCarCrowd is to give investors across the globe the opportunity to invest in one of the World’s fastest appreciating asset classes. 
 
TheCarCrowd is enabling investors to diversity within the category with cars from the 1960s classics to modern day supercars. 
 
With some vehicles achieving more than 38% in a single year and 20% acrossthe portfolio, TheCarCrowd has&nbsp;been able to give investors strong returns so far from afully asset backed investment.

&nbsp;

TheCarCrowd

CEO &amp; Co-Founder 
 
David is the complete petrol head, helping his dad build a Westfield at just 14, he has been buying, building, and selling cars ever since. He has also built a successful career in senior technology management working with Mckinsey, Capgemini and Unipart. More recently he led and grew a successful global finance business. 
 
David has combined his passion for cars, with his years of experience in finance and asset management to create the CarCrowd. He and his team are on a mission to bring people closer to the cars of their dreams.

This is an investment opportunity where we have recalculated the expected performance given by the external expert (TheCarCrowd) and have thus verified that a positive return can be expected after deduction of all costs for storage and insurance.

Furthermore, we have verified the existence, the professional storage and the insurance of the vehicle.

Ferrari, 348TB, 1991

Asset's Life Cycle Details

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Expert

Category

Status

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Date of issuance (launch)

Issue price per Splint

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Time period for the divestment

Documents

Aurelio

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