G'day,
both the Ferrari models and reference 8020 are discontinued since some years ago; these used to be pretty popular then and are subject of many earlier discussions. I´d suggest to use the search function and look for older posts, there´s a lot of input.
Watch-wise, the Ferrari lines used to be GP´s entry-level model and almost always came with an ETA-based movement. This and less demanding cases allowed for interesting pricing; one might say GP stepped up the ladder in regards of quality and manufacture-made movements quite a bit since then.
It still is a good watch and should be perfect for everyday use, as long as the service intervals for mechanical watches are kept. For a piece in daily wear, it might be good to have the case tested for water resistance too; that´s something most GP authorized dealers can do within their premises and vital for longevity of the watch.
Enjoy your piece!
Cheers,
Peter