How to get a "Ferrari" real cheap

February 29, 2008 5:35:18 AM PST
A classic Ferrari for only 30-grand? You know something must be fishy.

Now, Italian authorities have a busted ring they charge was making phony Ferraris.

From the outside the cars look like the 360 Modena model, but under the sheet-metal it's a Pontiac.

Italian authorities report they confiscated 14 fake Ferraris and seventh was under construction.

Investigators say the buyers knew the cars weren't the real thing but were trying to impress their neighbors.

Police have no idea how many of the fake cars were sold. The actual 360 Modenas sell used for about $150,000.