Man buys Fiat's Ferrari for $3,300 to restore it thinking he had a bargain until the restoration got fully underway

This man managed to buy Fiat’s Ferrari for a cut price, and after restoring it, it turned out to be more of an investment than he thought.

The Fiat model was snapped up via eBay, and after taking it to a mechanic, it was clear that there was work to be done.

After assessing what was lying underneath the chassis, the bills started to add up.

Once the sports car project was finished, though, the man revealed all, and the ultimate cost may surprise you.

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This is Fiat’s Ferrari model

Fiat is known as a budget car brand and has a long list of models under its belt.

From the Punto to the Panda and even the 500, they are well known all over the world for their reliability and cost-effectiveness.

But forget basic, this man went big and bought what he described as ‘Fiat’s Ferrari’, aka a 1996 Fiat Coupe.

A sports car? By Fiat?

YouTube creator High Peak Autos shared how he planned to make the iconic model completely road-worthy once more.

He snapped up Fiat’s Ferrari for just $3,333, but, even though the bodywork was in good condition, other elements needed sorting to help the car power through.

To tackle what was under the hood and chassis, the new Fiat Coupe owner took it to a specialist and found a few hidden hazards that needed to be rectified.

Fiat’s Ferrari had a damp power steering pump, and the dust cover was split, which ultimately meant that the whole arm needed to be replaced.

The fuel tank bars were corroded too, with some parts even non-existent.

Along with the discovery of an oil leak, the mechanics had some work to do.

But, despite some other findings on the previous inspection, he explained that it was actually far better than he expected for such a cheap buy.

“It’s nowhere near as bad as I was dreading,” he said.

So, what did it really end up costing?

Well, the project took some time to fix, and after a whopping 12 months, it was finally ready.

He was overjoyed with the final outcome and explained that he would have kept the car if he had room.

After all aspects were taken into account, from cam belts being replaced to the wheels having a complete overhaul, a new battery, and even a valet, the car was looking as good as new.

But, as you’d expect, a car like the Fiat Coupe ended up costing him serious cash.

All in all, the creator spent $6,384 (£4,789) on the Fiat Coupe, once labor was taken into account, along with the purchase price.

Now, even though that doesn’t seem like much, the car was bought for $3,333 (£2,500).

Estimating that the car would sell for around $5,333 (£4,000), it was a slight loss, but nonetheless, it was still a fairly rare find thanks to its mileage.

Plus, as he had saved a modern classic, he ‘wasn’t too fussed’.

“It is a bright red Italian sports car, so I’m quite glad to have saved it,” he said.

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