The 25 Coolest Ferrari Hot Wheels Diecast Cars

So why did Hot Wheels stop making Ferraris? Mattel's licensing agreement with Ferrari ended in 2014 after an almost half-a-century-long collaboration. The May Cheong Group, which owns Maisto and Bburago, now has the rights to produce scale-model replicas of the Prancing Poney supercars. I used to collect Bburago Ferraris when I was still in primary school, and it feels tempting to buy a 1:18 F50, considering its affordability.

We're still determining if Mattel can regain the licensing rights, but it seems unlikely. Not to worry, though, there are over 50 Hot Wheels Ferrari castings to collect, with just under 700 variations to look out for. Seeing how expensive some of those diecast cars are, getting the complete collection might cost more than $10,000 today.

I will show you 25 of the coolest Ferrari Hot Wheels cars for this story, with no particular order in mind. This list reflects my preferences and assessments, and I would love to know if you would have chosen other models instead. Some castings that didn't make the list but are still worth checking out are the Ferrari 312P, Ferrari 512S, Ferrari F355, Ferrari FF, and Ferrari F12 Berlinetta.

1. Enzo Ferrari

The first item on our list is the iconic Ferrari Enzo. Mark Jones designed this casting for its 2003 First Editions release when it featured a red paint job and PR5 five-spoke wheels. Mattel used this design until 2014, and there are 26 variations of it on the market! If you're a fan of Ferrari's V12-powered flagship, you'll be happy to know that the Tooned Enzo has six more iterations. But let's focus on the car at hand for the time being. 2007 was the first big moment for the Enzo casting, as it became part of the Treasure Hunts and Trea$ure Hunt$ (the equivalent of today's Super Treasure Hunt) series.

The rarer variation featured a Spectraflame Dark Red finish and six-spoke Bling wheels. One seller on eBay is asking $3,000 for one of these collectibles, but that's going a bit over the top if you ask me. Still, expect to pay at least $200 for this STH and around $80 for the Regular Treasure Hunt. Two Ferrari Racer 60th Anniversary special models came out that same year, featuring CM6 wheels, the kind you'd expect to see in the Speed Machines series. This line was still a few years away, and these Enzos will cost about $100 each. As for the Anniversary models, the Gold Chrome model goes up to $300 today.

2. Ferrari 156

My dad wasn't even born when Ferrari debuted the 156 for the 1961 Formula One season. The Hot Wheels casting appeared about half a century later, in 2001, and Mattel used it until 2009. There are only eight variations on the market, so collecting them all might be easier than the Enzo. The toy manufacturer used metal to build all these but took things further in the 2003 Hall of Fame: Milestone Moments edition.

The particular shade of red is the first clue that this is no ordinary release, and then there were the BNG-type Real Riders wheels. Paying between $40 to $100 for this variation of the Ferrari 156 sounds good. And it's the go-to iteration of the classic Ferrari F1 casting.

3. Ferrari Dino 246 GT

If the first two items on this list were rare, wait until you get a hold of the Ferrari Dino 246 GT. Larry Wood designed this casting, and it first appeared in The Bruce Wayne Collection 3-car set. The metal body featured a Metalflake Black finish and Preferred Real Riders wheels, and to top things off, Mattel only made 10,000 units. The mix included a Shelby Cobra 427 S/C and a Jaguar D-Type, and it's affordable at less than $70.

For three years in a row, the Ferrari Racer series was a big thing with Hot Wheels, and the Dino 246 GT was in on the action, too. After a four-year-long hiatus, Mattel came up with two Ferrari Racer iterations, both rolling on Co-Molded 6-spoke Wheels. Either of the two will cost up to $150, but the best iterations were still to come. The 2011 and 2014 were Premium variations of the 246 GT, so think metal bodies and Reals Riders wheels. Despite these highlights, you can get a bundle price of less than $100 for the two. And you can already see how buying a complete Hot Wheels Ferrari collection can prove painful from a financial perspective.

4. GP-2009

Michael Kollins designed the GP-2009 casting for Mattel in the late '90s. As you can tell by its generic name, this isn't a Ferrari-exclusive model, as it was used to portray various F1 teams. In 1999, Eddie Irvine scored more points for Ferrari than Michael Schumacher did, and the Italian squad won the Constructors' title, despite Hakkinen winning the Drivers' Title for Mclaren. That same year, Mattel used the Scuderia Ferrari livery on the GP-2009, which went by the name of Ferrari F1 at the time.

More of these rolled out the factory over the next few years. 10 of 50 iterations of the GP-2009 utilized the red livery and Scuderia-specific logos throughout its history. Most of these tiny F1 cars rolled around on Wire Spoke wheels, except for the 2004 Hall of Fame edition with Real Riders rims on. One of these will cost between $60 to $100 today, the start of the whole adventure. Mattel stopped making this casting in 2017, and it may need to be updated for it ever to return.

5.Ferrari 250 GTO

The 250 GTO is one of the most iconic Ferraris ever made and rarer castings on our list today. Jun Imai designed this for its 2009 New Models release in red, and Mattel has only produced five more variations since. These cars used Wire Spoke wheels for the first few years, all while alternating colors and adding some decals on the fourth model. The casting made a significant breakthrough in 2011, receiving a metal base and Real Riders 10-spoke wheels.

Seeing these go for $150 today is not entirely unusual. Mattel delivered a Metalflake Steel Blue variation that same year, which can fetch around $100, too. That's not bad, considering Chassis number 4153GT sold for $70 million in 2018. You can at least be happy that the four regular Hot Wheels 250 GTOs will only set you back less than $100. That has to count for something, right?

6.Ferrari 250 LM

Mark Jones designed the Ferrari 250 LM casting, which came before the 250 GTO, at least in Mattel's timeline. It had a relatively short period, with eight variations between 2007 and 2009. The first three were all part of the 2007 line-up and used the same Wire Spoke design discussed earlier. Mattel created two more iterations that year, almost identical except for the wheels.

But it's up to each collector to decide whether this casting looks better with five-spoke or 10-spoke rims. If you need more than the regular models to suit your taste, you'd better look at the Ferrari Racer series. It used two colors in 2008: Metallic Dark Yellow and Red, and similar, chrome Co-molded six-spoke wheels. The last hoorah came in 2009, with a Metallic Dark Red finish and different decals. All three Ferrari Racer variations will add up to at least $150, if not more, depending on your negotiation skills and luck. But you should keep going if your collection focuses on Premium models or Super Treasure Hunts.

7. Ferrari 288 GTO

Most people aren't passionate enough about cars to care about all the existing automotive brands. But almost everyone knows what a Ferrari is, and for good reason. As exclusive as the Italian manufacturer may be, it still has an extensive list of vehicles produced in the past 70 years. And some are more "Limited Edition" than others. If you're as crazy about cars as I am, you might not even react upon seeing a Ferrari California on the open road.

But things would be completely different with one of the company's halo cars. Since the '80s until now, only five machines have made it to that list. Mattel already created a replica of the Enzo, so what about the other cars? Well, the 288 GTO wouldn't be left out, either. Phil Riehlman designed the casting for the 2008 New Models release, and three variations made it onto the market that year alone. I'm a big fan of the Satin Copper version, a color I also encountered on a unique LaFerrari a few years ago.

Mattel upgraded the 288 GTO to the Ferrari Racer series in 2009 with two iterations. The latter looked great with white CM6 rims and white and green stripes down the sides. Three Premium variations showed up in 2010, in yellow, black, and gray, all sitting on Real Riders Exotic wheels. Four more simpler versions appeared before the demise of the casting in 2012. As expected, the Premium ones are the most expensive, up to $500 for one item!

8. Ferrari 250 California

Between 1952 and 1964, Ferrari created multiple variations of the 250, which were brilliant with the help of a Colombo V12 powerplant. Only over 100 California units left the factory; some can go for as much as $18 million today. Even the Hot Wheels version of this car is rare, as only one variation of this casting is available. It might not surprise you that it was part of the 2013 Retro Entertainment Mix 6, paying tribute to the cult movie Ferris Bueller's Day Off.

It completely outshined the other collectibles, such as the '48 Ford from Grease or the Italian Job replica of the Morris Mini. The Hot Wheels Ferrari 250 California was a Premium item, with a metal base and Real Riders wheels so prices can vary between $100 to $170 depending on various factors. This is the only single-variation Hot Wheels Ferrari on the market, so that should be worth extra bragging points, right?

9. Racebait 308

Despite the name, any Ferrari fan will instantly recognize the Racebait 308 for what it truly is. The Racebait 308 is the oldest casting on our list today, albeit there are two other older models in Mattel's portfolio: the 1970 312P and the 1972 512S. Larry Wood and Bob Rosas worked together on designing the Racebait 308 for its 1978 Flying Colors debut. That's more than a decade before I was born.

The car was red then, with the Ferrari logo and 308 GTB decals on the hood. There are almost 40 iterations of the casting on the market, and getting them all under the same roof might be tricky. Several of them sell for $100 a piece and are only sometimes carded. In 1983, Mattel resorted to Real Riders wheels, with Goodyear imprinted on the tire sidewalls.

One of the most exciting things about the casting is that it featured a metal base for most of its lifespan. Today, we all know that is a premium characteristic, but it wasn't always like this. You'll be hard-pressed to find a collector with a complete Racebait 308 collection at home, as some models were only available on specific markets. But it can be a goal to aspire to if you're dead serious about having them all.

10. Ferrari 308 GTS Quattrovalvole

Whereas the previously mentioned collectible was a rather primitive design by today's standards, you can't help but love the 308 GTS Quattroalvole. If you grew up in the '80s, you might remember this car from Magnum PI. John Violette designed the casting, and it first appeared in the Ferrari Racer series in 2009. Despite the plastic base, it still featured CM6 wheels and looked realistic.

A second iteration came out that same year with minor differences. It now featured a Metalflake Dark Burgundy paint job, a tan interior, and Gold wheels. Buying these releases can set you back as much as $300. And there's still more to come: eight more collectibles. The good part is that six out of eight are just regular designs with different colors and wheels.

I like the 2010 Metalflake Blue release, but if you want something special in your life, you need to look at the 2011 Hot Wheels Garage and 2013 Retro Entertainment series instead. Both are rolling around on Real Riders Exotic wheels, but some differences exist. The final iteration paid tribute to Magnum PI and will cost you an additional $100.

11. Ferrari 333 SP

I was shooting videos at a special track day at Mugello Circuit in Italy a few years ago. That's when I heard it: the Ferrari 333 SP. Few things on this planet sound as mindblowing as the Italian-built sports prototype race car. The 641-hp V12 it uses is an evolution from the company's 1991 F1 car engine, so you can imagine what it sounds like. Mark Jones designed the 1/64th scale replica of the 333 SP for its 2000 release as part of the First Edition series.

Several mainline variations came to be before Mattel delivered a 333 SP with Real Riders European wheels in 2004 as part of a Ferrari Hall of Fame series. The relatively simple Momo livery looked great on this tiny racecar, but there was more to come. CM6 wheels entered the stage in 2007 with the Ferrari Racer series: the first car featured a Metallic Dark Blue finish, while the second one exhibited a Satin Red paint job.

Two more cars appeared in 2009 before Mattel launched the Speed Racers series in 2010. If you plan on having a complete collection, you must find all 19 variations of this casting. A reasonable estimate is that you'll need between $500 to $1,000 to make that happen.

12. Ferrari 360 Modena

I am a big Ferrari fan, if this wasn't already obvious. And the 360 Modena was one of the first supercars I have ever witnessed going WOT down a public road. Before that point, I had never heard a V12 or rotary engine live, so the 3.6-liter V8 was good enough to make me think about it for days. You can find one for around $100,000 today, so a man can dream.

But let's get back to our world of 1/64th-scale vehicles, with the 1999 360 Modena casting. Michael Kollins designed this, and it's no wonder that the First Edition model featured a red paint job. The first impressive variation of the 360 Modena appeared in 2004 and had Preferred Series Real Riders wheels.
Interestingly enough, one of these models will only cost about $20 on eBay.

Expect different retail value for the later Ferrari Racer editions, though. Mattel delivered four variations between 2007 and 2008, all with CM6 wheels on. Prices will increase to about $150 per item, so you can already picture the mountain you're about to climb with a Hot Wheels Ferrari collection.

13. Ferrari 365 GTS4

"I can feel it coming in the air tonight." Do you remember the Miami Vice scene with Sonny and Tubbs driving down the boulevard in their replica supercar? Mattel launched the tiny 365 GTS4 in 2009 and notoriously debuted in the Ferrari Racer series. The red convertible had Grey CM6 wheels; you can already tell this is a modern-day Hot Wheels design by looking at it. The diecast manufacturer produced two more basic variations before creating a Miami Vice tribute.

Naturally, this was a premium model with a metal base and Real Riders wheels. That's right, there are only four iterations of this casting to look for, which is sad. Don't be surprised if these will still cost you over $200. You might have difficulty finding the Ferrari Racer model, while the Miami Vice one might be slightly more accessible. Only time will tell if the balance will shift, as modern-day Speed Machines don't have as big of an impact as other Premium collectibles.

14. Ferrari 430 Scuderia

We're halfway through our list of coolest Ferrari Hot Wheels diecast cars, and things keep improving. The 430 Scuderia might not be as cool as an Enzo, but it's still one of the best Ferraris ever. You can say that about many of the Prancing Poney-branded supercars. Like other Ferrari castings, John Violette designed the 430 Scuderia for its 2009 debut. The Dark Grey CM6 wheels looked decent enough with the red body, and a new similar variation appeared that year.

In some cases, you'll notice that this second version was even more expensive, with prices today going up to about $130. In 2012, Mattel used the 430 Scuderia for the Treasure Hunts series. Even though that model wasn't exceptional, you'll still have to pay between $40 to $70 to get your hands on one. The seventh and last iteration of the casting appeared in 2014 as part of a Ferrari 5-pack with a decent Metallic Dark Blue finish.

15. Ferrari 458 Italia

The first time I ever had the opportunity to ride in the passenger seat of a Ferrari was a 458 Italia. I had experienced several high-end drift cars before, so I was used to the speed and extreme G Forces. But I was still shocked at how amazing everything felt inside the 458. It was a pure and refined experience, even though we only drove on public roads.

Many felt that Ferrari's decision to switch to a turbocharged setup for the 488 was wrong, as it didn't sound as spectacular as the naturally aspirated V8 of the 458. Let's focus on the Hot Wheels replica of the Italian supercar, which first emerged from the factory in 2010. John Violette designed this one, too, and it is no surprise that the First Edition featured a red paint job.

Until 2014, the diecast manufacturer created 13 variations of the 458 Italia, none featuring Real Riders wheels or metal bases. Most of these cars featured simple designs, which looked decent enough. But the Team Hot Wheels and HW Stunt models exhibited more complex liveries, which could have been more appealing. Even so, a batch of six iterations can cost around $100, so you'll still need a decent budget to get them all.

16. Ferrari F40

If I ask ten of my friends what their favorite Ferrari of all time is, I'm sure most of them will name the F40. I'm really into the F50, but its predecessor was probably more capable around the racetrack. Larry Wood designed the Hot Wheels F40 casting in the '80s, and it first appeared in the 1989 Mainline Series. The yellow 40 stickers might not look all that great today, but at least this First Edition had Ultra Hots wheels on it.

What's impressive about this casting is its opening rear section, matching the real-life F40. Mattel removed this feature towards the end of the casting's career and replaced the metal base with a plastic one. A complete collection will require all 36 variations of the F40, some of which will be costly. Consider sitting down and looking at eBay listings.

Some sellers ask for as much as $4,000 for one item, which feels strange. There are only 500 units of the 1998 Collectors Edition around, so at least it's easy to understand why people are asking just under $2,000 for one of those. The 2012 Premium Boulevard release sounds cheap at under $250 apiece. And you also have to worry about the five different Ferrari Racer variations while at it.

17. Ferrari 512 M

After several street cars, let's have another look at a pure-bred race machine. Mark Jones designed the 512 M casting for its 2006 First Editions release. For once, Mattel opted to use blue instead of red for the first variation of one of these Italian-built machines. You'll notice that there are 15 iterations of the 512 M to gather for a complete collection.

But nothing remarkable happened until 2011 when it became part of the HW Garage: Ferrari series. The 512 M featured a metal base and Real Riders Exotic wheels for the first time since its debut. This is, without doubt, the most exciting release of the casting, and you don't even have to spend a ridiculous amount of money to buy it. $50 will do the job, and you can enjoy opening the rear section that should reveal a 5.0-liter V12 inside.

18. Ferrari 550 Maranello

My only vivid memory of a Ferrari 550 is connected to experiencing Need for Speed: Hot Pursuit 2 in Junior High. Sure, that game featured the Barchetta-convertible version of the 550 Maranello, but it's close enough. Mattel introduced this Michael Kollins-designed casting at the beginning of the 21st century and used it for over a decade. Surprisingly, there are only 13 iterations to get your hands on; quite a few feature a metal base.

If you're keen on having something special in your collection, keep an eye out for the 2009 Ferrari Racer and 2011 Speed Machines releases, which have CM6 wheels on them. Sure, the CM6 is no Real Riders regarding looks or quality, but these items will still sell for around $70 each. This isn't quite our favorite Hot Wheels Ferrari casting, but it would be nice to have on display if you're a true Tifosi.

19. Ferrari 575 GTC

The Ferrari 575 GTC is a step up from the previously-mentioned 550 Maranello. First, it came out five years after the latter, and it's also a replica of a race car, so extra points for that from the get-go. Mark Jones designed this casting, and there are only 11 variations to look for to have the complete collection. Its career highlights include four appearances in the Ferrari Racer series in 2007, 2008, and 2009 and one in the Speed Machines line in 2010.

Mattel used CM6 wheels on all these iterations, so that you can see a pattern here. It last came out as part of a Ferrari 5-Pack in 2011, and we'll never know if the diecast manufacturer ever intended to use this casting again before losing the license. Despite so few versions of this casting, you'll still need to whip out at least $500 to buy all of them.

20. Ferrari 599 GTB

Rome wasn't built in a day. And it took Ferrari decades to get to their current level. Some of you might have seen an 812 Superfast recently, but have you seen any of its predecessors? I've been lucky enough to sit in the passenger seat of an F12 TDF, but I have yet to experience the 599 GTB or the 575M. I remember seeing a 599 GTO at the Ferrari Calvacade in Italy a few years ago, but the 599 GTB will be just fine for today's exercise.

Rob Matthes designed this casting for its 2007 release, which featured a red finish. By 2008, Mattel had used several color variations, and it was time to promote the 599 GTB to the Ferrari Racer series. In 2010, the Grand Tourer was part of the Speed Machines line of cars, and I'd dare to say that those iterations were exceptional. 2015 marked the appearance of the last Hot Wheels 599 GTB, which had nothing extraordinary to show. Some of these collectibles can sell for as much as $140 per item, so you're looking at a minimum expenditure of around $700 for the entire series.

21. Ferrari 599 XX

The Ferrari 599 XX will make the standard GTB look like a toy car when in the hands of the right driver. This race-ready machine has eliminated all creature comforts in the pursuit of speed. John Violette designed this casting just a few years before Mattel lost the license to replicate Ferraris. It first appeared in the 2010 Speed Machines series, featuring a red and black paint job and CM6 wheels.

The fourth release was the most exciting, as it had a ZAMAC base, but the diecast manufacturer still had some surprises. In 2012, the 599 XX reached Super Treasure Hunt status with a Spectraflame Red finish and Real Riders Exotic wheels. The same thing happened in 2015, but this time, the Spectraflame Black vehicle had Real Riders 10-spoke wheels instead.

As expected, the two Super Treasure Hunt models are the most coveted designs. The two cost as much as $800, but you can find them for half that price. Expect the ZAMAC 599 XX to cost an additional $200! Of course, it all depends on whether you want them carded and how big of a budget you're ready to spend to get the entire line-up.

22. Ferrari FXX

As if the Ferrari 599 XX wasn't extreme enough, along comes the FXX. Michael Schumacher had one of these, 30 of which were ever built. Phil Riehlman designed the 1/64th-scale Hot Wheels replica, and it first came out in 2008. Neither of the nine variations featured Real Riders wheels or a metal base. But we can at least be happy about the Ferrari Racer and Speed Machines releases of 2009 and 2012.

The final model appeared in 2013 as part of a 5-pack, and there's something about a blue Ferrari that makes you want one even more. Prices for the Hot Wheels FXX vary between $15 to $180 for carded collectibles, but you can get them even cheaper if you are okay with having the loose version instead. Restoring one to its former glory could be an exciting activity just as well if you have the time, tools, and skills for it.

23. Ferrari LaFerrari
I came very close to experiencing what a LaFerrari feels like a few years ago. But I had to settle for just admiring it at idle, without riding in the passenger seat. It stands out of the crowd when going down a public road, and you'll rarely see it doing that unless you live in a city like Monaco. The Hot Wheels LaFerrari has a very short history, as it appeared in 2014. Phil Riehlman designed this one, too, and there are only two variations on the market.

Both are simple, mainline models running on PR5 wheels. The first features a classic Rosso Corsa finish, while the second and last came with an Argento Nurburgring paint job. Despite their basic-level status, you'll still have to spend at least $50 for both items, given the short supply. Avoid falling into any scalper trap by paying four times that value to add them to your collection. It's not worth it!

24. Ferrari F50 Challenge

Hot Wheels created three F50 castings, all arriving on the market between 1996 and 2000. I opted to include the F50 Challenge instead of the F50 Spider and the regular F50, as this is the most accurate depiction of the Italian Halo car. Michael Kollins designed it, and the model ran between 1999 and 2013. That's enough time for 14 variations, some more special than others. Sadly, the F50 Challenge never reached Super Treasure Hunt or Premium status.

But four Ferrari Racer variations from 2007 and 2008 featured a black, white, or red finish. The casting appeared in the Speed Machines series in 2011 and 2013, but most fans will be equally excited about the 2011 mainline version in blue. You will rarely see the F50 Challenge selling for more than $100, which sounds quite promising, considering what we've seen so far on this list.

25. Ferrari F512M

The last item on our list for today is the Ferrari F512M. It debuted in Paris in 1994, and it took Mattel several years before releasing it at a 1/64th scale. There are 19 variations of the F512M on the market, as it lasted up until 2013. By 1999, it had already made a Treasure Hunt appearance with a yellow paint job and five-spoke Pro Circuit wheels.

If you ever hold one of these items in your hand, you'll notice the extra weight due to the metal base. The Ferrari Racer iterations of 2007 and 2008 were fantastic, and I like the Satin Blue finish on the first one in the series. Mattel only built 1,500 units of the Nurnberg Toy Fair exclusive 512M, so that's undoubtedly one model to watch.

It all ended with a bang, as the last variation of this casting paid tribute to Miami Vice, featuring a white paint job and Real Riders Exotic wheels. Some eBay sellers have asked $1,200 for a single F512M, but I suspect $100 to $150 should be enough for any given variation on the market. It all comes down to your budget and negotiation skills, I guess.

Questions

In conclusion, I'd like to answer some commonly asked questions, and I hope my answers will guide you through your Hot Wheels journey.

How do I know if my Hot Wheels are valuable?
Many online resources can help answer that question thanks to the World Wide Web. You can get in touch with more experienced collectors, check various online markets, or even ask Mattel if you have an exceptional car on your hands. But some common threads you should follow are the Super Treasure Hunt symbols, Red Line Club exclusive markings, Real Riders wheels, and strange casting errors. Also, the most valuable Hot Wheels cars are kept carded, and the card itself should be in pristine condition if you're going to get a good value out of it.

Has Hot Wheels made every car?
Despite being around for decades, Mattel has yet to be able to make a replica of every car in existence. At the rate we're going, the company will probably never reach that level, but it's not likely on their agenda either. But there's a good chance they've created at least one 1/64th scale model of the most iconic cars ever made by humanity.

What is the most valuable Hot Wheels car?
It is commonly agreed that the most valuable Hot Wheels ever is the Beach Bomb- a 1969 Volkswagen worth as much as a brand-new Porsche automobile. Several Ferraris on this list are probably worth around $1,000 or more, but that's still far more accessible by comparison.