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Ferrari 360 Modena: Buying guide (1999-2004)

Ferrari 360 Modena: Buying guide (1999-2004) Classic and Performance Car
Ferrari 360 buying guide Ferrari 360 buying guide Ferrari 360 buying guide Ferrari 360 buying guide Ferrari 360 buying guide
The Ferrari F355 may have been beautiful and a big improvement over what came before (the 348), but it was its successor the 360 Modena that provided the big leap forward for Ferrari’s entry-level model. The 360M represented Ferrari’s jump into the modern age, with its aluminium spaceframe construction that was 40 per cent lighter than the F355’s steel platform, but which was also almost 30 per cent stiffer – despite being larger. 
 
Also on the menu were improved build quality, honed aerodynamics and better packaging – although there’s still not much in the way of carrying capacity. Chuck in a computer-controlled suspension system that offered dynamics way beyond anything ever to come out of Maranello, and it’s easy to see why the 360M marked a turning point for Ferrari. 
 
Its styling was also a huge departure from the mid-engined Ferrari of old. Gone were the pop-up headlights, and in came a pair of much more modern eyes – which along with two distinctive air intakes gave the 360 a much more curvaceous face. The rear-end styling was just as radical, losing the letterbox-sized window and buttresses, instead turning the rear glass hatch into a styling feature that showed off the glorious red-crackle finish engine.  
 
It wasn’t just buyers of new 360Ms who benefitted from Ferrari’s work though, as reduced servicing costs and improved reliability were also part of the ownership package. Now these cars are getting on, the improved build quality is still apparent, which is why values are already starting to rise. 
 

Which one to buy? 

 
Without a doubt the 360M that everyone wants is the Challenge Stradale (360CS), but you don’t have to buy one of these to appreciate the 360M’s many talents. Even the standard car has a 3.6-litre 400bhp V8 that’ll propel the car from 0-62mph in just 4.5 seconds before topping out at 183mph.
 
Around two-thirds of 360M buyers opted for the F1 gearbox which works brilliantly on the move and is especially suited to track use. It’s reliable too, but for many there’s no substitute for the open gate and a manual shift. All 360 Challenges came with the F1 gearbox however. As the prices of Challenge Stradales has always been significantly higher than the standard 360, more than a few have been upgraded with parts from the special model, such as fitting the larger BBS wheels, or the particularly popular black mesh rear panel.
 
Ultimately it comes down to personal preference – and the same goes for which bodystyle you prefer. The Spider offers sensations that the coupé can’t match, but you’re either a drop-top kinda person or you’ll prefer something closed to the elements. 
 
Most 360Ms are red, silver or black, but sometimes a blue or yellow car crops up. If you can find a car with the optional fitted luggage set you’ll be able to utilise the 360M’s nose-mounted boot that much better, but this package is just a bonus as the colour, condition, price, transmission and bodystyle are all more important to your buying decision than whether a set of cases is included in the asking price. 
 

Performance and specs 

 
Engine 3586cc, V8
Power 400bhp @ 8500rpm
Torque 275lb ft @ 4750rpm
Top speed 183mph
0-60mph 4.5sec
Fuel consumption 16mpg
Gearbox Six-speed manual
 

Dimensions and weight

 
Wheelbase 2600mm
Length 4477mm
Width 1922mm
Height 1214mm
Kerb weight 1390kg
 

Common problems 

 
• Rust isn’t an issue thanks to the all-aluminium bodywork, but corrosion can be. Bubbling in the paint is the giveaway; if the car has been kept outside a lot, in the damp, the corrosion could need a significant amount of expenditure to sort. As alloy is more difficult to paint, a less than perfect recent repaint should be avoided, as any corrosion issues are likely to crop up again soon.
 
• All of the shut lines should be tight and even. Anything less than this suggests poor crash repairs, so be very wary. If the nose has been resprayed though, there’s not necessarily any need to panic. Stone chips are par for the course while bumpers are grounded easily, which is why fresh paint and panels are sometimes required. 
 
• If buying a convertible, make sure the roof mechanism works smoothly and that the roof itself isn’t damaged. Predictably, replacement parts are costly and so is setting everything up. Most problems are sensor-related, but some early cars featured a folding mechanism which could be problematic – most have been replaced by now. 
 
• The 360M’s V8 is strong but it doesn’t like to be left idle for too long. If it’s not run regularly, the oil drains from the valve gear so listen for rattles when starting from cold. Oil leaks from the cam covers and crank oil seal, but the undertray catches any stray lubricant so don’t expect to see any puddles or drips on the floor. 
 
• The engine needs fresh cam belts every four years, but as the engine doesn’t have to come out for this, the costs of replacement aren’t excessive. 
 
• Gearboxes are tough (the same unit is used for manual and F1 cars), but the linkage can wear on manual cars – or it might just need to be lubricated. It’s also worth trying a fast change from third to second to see if the synchromesh is on its way out – not that this is a weak spot as such. 
 
• If not hammered, the clutch of a manual-gearbox 360 can last 30,000 miles while F1 clutches normally need to be replaced after 20,000 miles. But if used in town a lot, an F1 clutch might have had it after less than 10,000 miles, so see how the car has been used. 
 
• The suspension needs to be kept in top condition, but it’s common for the ball joints up front to wear relatively quickly. If you’re looking at a 360M with its original joints, the chances are that at least a couple (there’s one top and bottom on each side) will need replacing. 
 
• Brake upgrades aren’t needed but pads can wear within just 10,000 miles or so if the car is driven with gusto. Squeal at low speeds isn’t unusual, but check for juddering which betrays warped discs, suggesting the car has been really thrashed. 
 

Model history

 
1999: The 360M replaces the F355. There’s a coupé only, with a six-speed manual gearbox. 
2000: There’s now a Spider edition, and an F1-inspired paddle-shift semi-automatic transmission joins the options list. 
2003: The Challenge Stradale (360CS) arrives. Created for track use (but still road legal), the 360CS features titanium road springs, ceramic brakes, fabric-covered carbon seats and to save weight the CD player is deleted. The weight is cut by 110kg while the engine is boosted to 425bhp so the 0-62mph sprint now takes just four seconds, while the top speed rises to 186mph. 
 

Owners clubs, forums and websites 

 
• www.ferrariownersclub.co.uk
• www.fcars.co.uk
• www.ferrariownersclub.org
• www.clubscuderia.co.uk
 

Summary and prices 

 
The 360 really does mark the beginning of the modern era for Ferrari, with the all-aluminum construction and fantastic engine making it a great classic. Early cars, in rough condition can be picked up for around £40,000, although these generally come with their fare share of problems. Budget around £60,000-£70,000 for one of the best. Challenge Stradale are valued considerably higher though, with prices ranging from £120,000-£200,000 for the very best. 
 
Words: Richard Dredge
Ferrari 360 buying guide Ferrari 360 buying guide Ferrari 360 buying guide Ferrari 360 buying guide Ferrari 360 buying guide
Last updated: 30th Aug 2016
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Ferrari 360
0 239995 GBP
  • Ferrari 360 Modena

    £89,995 £89,995

    Rosso Corsa with Crema Leather Interior, Nero Dashboard, Bordeaux Carpets, Bordeaux Stitching, 18” Alloy Wheels with Aluminium Brake Callipers, Electric Seats, Satellite Navigation and Stereo System. 1 Owner From New. Meridien Modena Supplied and Maintained.

    • Year: 2003
    • Mileage: 14600 mi
    • Engine size: 3.6
    For sale
    £89,995 £89,995
    Meridien-Meridien Modena Ferrari - Lyndhurst
    02380 283404 View contact number
  • Ferrari 360

    £129,950 £129,950

    Variant name:SPIDER ,Variant: SPIDER Manual, One Owner From New, Only 1200 Miles, Investment Opportunity, Unbelievable Quality Due in stock we have a quite outstanding Ferrari 360 Spider manual. Offered in Rosso Corsa with Nero leather and Nuovo Rosso carpets, specification includes Brake calipers in Red, Rr Challenge Type Black grille, Seat piping in colour, Scuderia shields on front wing, Collectors quality as this car is in incredible condition with only 1200 miles. Original bill of sale and original registration document. Furnesspark are delighted to offer this car in our inventory.

    • Year: 2004
    • Mileage: 1200 mi
    • Engine size: 3.6
    For sale
    £129,950 £129,950
  • Ferrari 360

    £137,989 £137,989

    Variant name:CHALLENGE STRADALE ,Variant: CHALLENGE STRADALE Documented Service History with original owners wallet and all accompanying books, keys, tool-kits etc. Michelin Pilot Sport Cup 2 tyres, Scuderia Shields, Ceramic Brakes, Red stitching. Originally supplied in Italy by Forza s.p.a and imported to the UK towards the end of 2013, the car has been prepared and supplied by UK main dealer Dick Lovett with subsequent maintenance by Maranello Sales Ltd. Service to be completed prior to delivery, this is an opportunity to purchase a rare road going Ferrari race car.

    • Year: 2003
    • Mileage: 34500 mi
    • Engine size: 3.6
    For sale
    £137,989 £137,989
  • Ferrari 360

    £239,995 £239,995

    Variant name:CHALLENGE STRADALE ,Variant: CHALLENGE STRADALE Extremely well looked after example, which would make a perfect addition to any car collection. One of the true iconic Ferrari's and such a rare find., Upgrades - 4 Point Safety Harnesses, Road Legal Aluminium Roll-Bar, Three Coloured Racing Strip, Carbon Racing Seats, Nero and Rosso Alcantara interior, Rosso Stitching.

    • Year: 2004
    • Mileage: 15750 mi
    • Engine size: 3.6
    For sale
    £239,995 £239,995
  • Ferrari 360

    £84,990 £84,990

    Variant name:SPIDER ,Variant: SPIDER We are delighted to offer for sale this beautiful and outstanding Ferrari 360 F1 Spider that is in fantastic condition having completed only just over 30000 miles by its low number of owners. The car has been looked after very well and has a great service history to go with it. This car is finished in Rosso Red with Crema Leather interior, Bordeaux carpets and a black roof. It is complimented with Scuderia Shields on the wings, a Challenge Grille on the rear and Electric Sports Seats. Having the F1 paddle shift gearbox too make it a wonderful combination. The 360 Spider was produced from 2000 until 2005 and is equipped with a gorgeous sounding 3600cc V8 that produces 395Bhp. These cars really do sound incredible and are great fun to drive. The engine Rasping and Snarling really is a delight to behold. Having the Spider variant allows you to get the roof down and enjoy open top motoring with the best possible sound track as company, just behind you. The roof mechanism is a very clever design that is effortless and is easy to operate, that completely hides itself away in the down position, giving the car such lovely clean lines. This particular car benefits from a superb service record having been supplied new by HR Owen and regularly serviced all its life since. The vehicle has had 12 services throughout its life and 10 of these have been all done by Ferrari main dealers and 2 by specialists. The last service was carried out by HR Owen in May 2017 at 29930 miles and also had the spark plugs changed. The timing belts on the vehicle have been changed a couple of times in its life and the most recent change was in April 2015 at 29431 miles. So in all, a very thorough and exceptional service history. The car has been prepared for sale by our fully trained technicians and comes complete with an RAC Approved Used car Warranty. We can also offer tailored finance packages and part exchange prices on this vehicle. Please call for further information or if you would like a Personalised Video Presentation of this beautiful piece of machinery on 02920 350911.

    • Year: 2004
    • Mileage: 30370 mi
    • Engine size: 3.6
    For sale
    £84,990 £84,990
  • Ferrari 360 Challenge Stradale

    POA POA

    Only 852 of the iconic 360 STRADALES where produced making this amongst the rares of Ferraris, a true road going race car developed as something completely new Ferrari had never done before - think 911GT3 RS...only this is a Ferrari with the full F1 race technology of the Ferrari team behind it, and does it show! Many of these cars have been raced on the track which ultimately is what they where built for and many have been modified, as a result pristine original examples are commanding a premium versus the ones that have been used for their true duty, and are getting harder and harder to find. The example we have here is a 1 owner collection owned car from new, with every service stamp from the same Ferrari main agent until we acquired the car in 2015. In the 2015 the car was serviced by Foskers and Brands Hatch Circuit and fully checked over, they gave this 10 out of 10 and as the photos taken on the same historic race track show this car is in concourse condition inside and out and still has its factory protective plastic in place. If you are looking for an investment grade 360 Stradale, this one is for you. The potential future investment appreciation on this model we believe is heavily underestimated at present. For more information about this Ferrari 360 Stradale for sale in Kent, or to arrange an appointment, please contact our sales team on 01474 874555 or 07515 430430

    • Year: 2004
    • Mileage: 21800 mi
    • Engine size: 3.6
    For sale
    POA POA
  • Ferrari 360 Modena

    £67,995 £67,995

    When the Ferrari 360 was revealed at the 1999 Geneva motor show, it wowed the crowds with its svelte, sweeping bodylines. It was a far cry from the last two decades’ trends of sharp angles, pop-up headlights and open slats over the engine bay. In their place were curved wings; fixed headlights and a clear glass cover showcased the V8’s bright red plenum chambers. The Ferrari 360 was the company’s first production car with the chassis, body shell and even the suspension wishbones all constructed from aluminium. The 400hp V8, coupled with these lightweight aluminium components, gives the 360 a fantastic performance that was a substantial improvement over the F355. This immaculate F1 Ferrari 360 Modena is presented in the stunning Argento Nurburgring with a complementing Nero leather interior, climate control, electric windows and heated door mirrors. It is accompanied by a complete factory book pack, stamped service book, two sets of keys, plus its original tool kit. The car was first registered in February 2000, and has been lovingly maintained by subsequent owners ever since. This Ferrari 360 Modena is ready to drive and enjoy fresh from a Foskers service and will come complete with a Foskers warranty. In the world of classic Ferrari's you do not often find an established dealership that is marketing a modern classic for such a modern price. For more information about this Ferrari 360 F1, or to arrange an appointment, please contact our sales team on 01474 874 555.

    • Year: 2000
    • Mileage: 21500 mi
    • Engine size: 3.6
    For sale
    £67,995 £67,995
  • Ferrari 360M Rare Manual Ferrari 360 Spider Collector's Example Excellent Service History The Only Colour Combination to Have Best in the UK

    £74,900 £74,900

    Multi award-winning prestige car dealership John Holland is excited to offer for sale this highly sought after manual Ferrari 360 Spider. An appreciating collector's item this vehicle is presented in the best colour combination with a flawless history file. Rosso Corsa with Crema Daytona Leather, Bordeaux Pencil Inserts and Carpets and Nero Dash Roll and Convertible Roof. 18" Alloy Wheels with Red Brake Calipers, Brand New Pirrelli P Zero Tyres all round, Electric Seats, Embossed Headrests, Automatic Climate Control and much more. Supplied new to its first Keeper by Maranello Egham the vehicle has been serviced in 06/04 Ferrari Exeter 7478, 07/05 Talacrest Ferrari 16317, 09/06 Dick Lovett Ferrari Cardiff 27914 miles inc Canbelts, then at Italia Autosport Ferrari on 10/08 @ 34822, 10/11 @ 36273 inc cambelts, 10/11 @ 38127, 10/12 @ 38391, then Ferrari Leeds 10/13 @ 38640, 10/14 39449 and 10/15 @ 40726 and lastly with ourselves at 30/10/16 at 41206. John Holland has been established for over 40 years supplying a premium level of service in the sale of sports, prestige and collectors cars. We have a team of experienced buyers who hand pick our cars from all parts of the UK so you can b

    • Year: 2003
    • Mileage: 42150 mi
    For sale
    £74,900 £74,900
  • Ferrari 360 Modena F1 – UK RHD

    POA POA

    Ferrari 360 Modena F1, 1999 (2000 model), 33,000 miles. This Ferrari was originally registered in the Channel Islands with full documented service history, challenge rear grille, 19″ Stradale wheels, electric seats, all keys books and complete toolkit. This has just left Emblem having had an £8,000 service including belts, ball joints, track rod ends etc, clayed and detailed. £71,995

    • Year: 1999
    • Mileage: 33000 mi
    For sale
    POA POA
  • Ferrari 360 Modena Manual

    POA POA

    2002 Ferrari 360 Modena manual. Presented in Rosso Corsa with Crema leather and Bordeaux carpets. Factory options on this car include; leather racing seats, leather headlining, Modular wheels, Red calipers, Scuderia wing shields, xenon headlights, challenge front grille and a challenge rear grille. This car is also complimented by a sports exhaust system. An extremely high specified 360 Modena.

    • Mileage: 38894 mi
    For sale
    POA POA
  • FERRARI 360 CHALLENGE STRADALE LHD 2004

    £169,995 £169,995

    The highly collectable Challenge Stradale is a low production track day focused car based on the 360 Modena.;Ferrari engineers designed the car from the outset with a goal of 20% track day use in mind and 80% road use. With 20 bhp improvement in engine power the Challenge Stradale accelerates from 0 to 62 mph in 4.1 seconds. ;Ceramic brakes borrowed from the Enzo, some lower weight parts and a fiorano handling pack, enabled the Challenge Stradale to claim a 3.5 second improvement per lap of its Fiorano circuit compared to the Modena.;In total, the Challenge Stradale is up to 110 kg lighter than the standard Modena.;Full details coming soon.;;To arrange an appointment to view this car, please call the Showroom: 01223 755 911 or 07738 997 911. Viewing By Appointment

    • Mileage: 11700 mi
    For sale
    £169,995 £169,995
  • Ferrari 360 Modena manual Two owners/10,000 miles Ferrari

    £99,990 £99,990

    The Certificate of Conformity-essential should the car ever be exported,- shows the car to have been completed on Thursday 28th September 2000.The car was delivered to the UK by truck to Ferrari UK, and in turn delivered to the Ferrari agents, Maranello Sales of Egham Surrey were my colleague Mark Hawkins supplied it to its first owner, 58 year old businessman Mr Alessandro Torricelli of Sussex on Monday 8th January 2001, registering it A1 LXT. The then list price of £103,275.00 plus £2,245 inc vat "on the road charge”. In addition, the car was factory optioned with dark red stitching STC1 £156.00, electrically operated seats ELEC £1,272.00,6 x CD £732.00 and a battery conditioner CHUK £516.00.Mr Torricelli replaced the 360 with a manual 430 coupe which has only done 1,600 miles. Purchased by the second and last owner a 47 year old businessman from Hertfordshire from Hampshire Ferrari agents, Meridien Modena, with 3,600 miles on the 28th April 2008. The new owner had previously owned a 348 and 355, both cars of which I sold for him. Cars are his absolute passion and accordingly the car has been cherished which included a class win Area Group Class (Didier Pironi Trophy) in the 2009

    • Year: 2001
    • Mileage: 10000 mi
    For sale
    £99,990 £99,990
  • 2004 Ferrari 360 Spider F1

    £75,000 £75,000

    2004 Ferrari 360 Spider F1 LHD Italian delivered 1 owner car now located in the UK. Immaculate condition having covered 25000 miles / 40,000 Kilometres. Delivered by Ineco Auto S.p.A of Verona on 08/01/2004 with Full Ferrari service history listed below. Full books and tool set. Specification. Color: Rosso Corsa Interior: Tan hide F1 Gearbox Navi / Audio system Aircon Electric seats Black callipers OEM Bridgestone Potenza tyres Ferrari 360 Spider car cover. CTek battery charger History: Full Ferrari http://www.ramferrariservice.com/en/ Ram S.p.A 09/22/2004 @ 9650 KM Ram S.p.A 22/06/2006 @ 21286 KM Ram S.p.A 07/03/2008 @ 28980 Ram S.p.A 18/06/2010 @ 36666 KM Ram S.p.A 29/04/2014 @ 39117 KM Ram S.p.A 10/02/2015 @ 39966 KM Last cam Belt change Ram S.p.A 39966 KM. An opportunity to acquire a low milege one owner pristine 360 Spider with full Ferrari service history. £75000. © Copyright 2013 Legends Automotive.

    • Year: 2004
    For sale
    £75,000 £75,000
  • Ferrari 360 Challenge Stradale

    £214,995 £214,995

    2004 Ferrari 360 Challenge Stradale. Presented in Rosso Scuderia with Rosso and Nero alcantara interior. Factory options on this car include; Red brake calipers, Scuderia wing shields, 4 point harness, Cavallino embroidered headrests, leather wrapped rear roll hoop, alcantara wrapped fire extinguisher, radio, speaker upgrade, Rosso and Nero wrapped steering with with Rosso and Nero stitching to entire interior. Complimented by a Challenge style stripe and Armourfend to whole front end and mirrors. A first class example with a huge specification.

    • Mileage: 23003 mi
    For sale
    £214,995 £214,995
  • Ferrari 360 Spider F1

    £86,995 £86,995

    2004 Ferrari 360 Spider F1. Presented in Rosso Corsa with Crema leather, electric seats and Bordeaux carpets. Factory options include; Red stitching to leather, Challenge front grille, challenge rear grille, Red brake calipers and Modular wheels. This car still retains the original leather wallet and tool kit. A fantastic example in the ultimate colour combination.

    • Mileage: 21798 mi
    For sale
    £86,995 £86,995