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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
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Last updated: 30th Aug 2016
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Ferrari 360 cars for sale

48 Search results
Ferrari 360
54989 224990 GBP
  • Ferrari 360 Spider F1 2002


    SOLD / VERKAUFT / VENDU / VERKOCHT Ferrari 360 Spider F1 2002 V8 in very good condition The magnificent Ferrari 360 Spider F1 was designed by the master designer Pininfarina. Behind the impressive appearance there is the also impressive V8 engine with 400 HP. The automatic gearbox is fully inspired by the Formula 1 and makes the car go 100km/h in only 4,6 seconds. The car was maintained by a Ferrari specialist. Delivery is inclusive the original seats, wheels and Ferrari radio. This fabulous Ferrari has only driven 55.500 kms and drives really perfect. Car has Holland title and Holland mot/tuv. Easy to register in every EU country. You do not need to pay any importtaxes. We can help with transport.

    • Year: 2002
    For sale
    E&R Classic Cars
    +31 416 751393 VIEW CONTACT NUMBER
  • Ferrari 360 Spider

    £84,995 £84,995

    Verdi Zeltweg Tan electric Daytona style seats with Verdi inserts and piping. Verdi steering wheel, door tops and dash. Verdi carpets Aluminium callipers Manual 19,400 miles 3 previous owners. A credit to its former keepers. Absolutely exceptional.

    • Year: 2002
    • Mileage: 19400 mi
    For sale
  • Ferrari 360 Modena

    £82,995 £82,995

    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 particular Manual Ferrari 360 Modena is presented in the stunning Nero Daytona. The interior features original factory carbon sport seats in medium, finished in Tan hide, Black carpets, climate control, electric windows and heated door mirrors. The wings are embellished with factory-fit Scuderia shields whilst the rear has a factory fitted challenge grill. 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 August 2002, and has been lovingly maintained by subsequent owners ever since. It now presents with outstanding service history, having only ever been worked on by main dealers and marque specialists. This beautiful Ferrari 360 Moderna is ready to drive and enjoy. For more information about this Ferrari 360 F1, or to arrange an appointment, please contact our sales team on 01474 874555

    • Year: 2002
    • Mileage: 23500 mi
    • Engine size: 3.5
    For sale
  • Ferrari 360

    £54,989 £54,989

    Ferrari Service History., Scuderia shields, Rosso Carpets, Rosso Calipers, F1 Paddle Shift and 5 Spoke Alloys. Viewing by Appointment. www.imperials.co.uk ------ Please call us to Confirm which of our 3 Essex Showrooms your desired vehicle is located at before travelling to see us, Everyone of Our Cars Goes Through Our In House Work Shop Prior to Sale by Our Fully Qualified and Experienced Technicians - Buy with Confidence, For up to 20 images of this vehicle and an Instant Finance Quote please view www.imperials.co.uk, For Out of Office Hours Enquiries please call Tony 07956 564440 and he will be happy to help, We are also good buyers of all prestige, Sports and 4x4 vehicles so why not give us a call for a price on yours, Please Like us on Facebook and Follow us on Twitter, Thank You, www.imperials.co.uk

    • Year: 2000
    • Mileage: 70000 mi
    For sale
  • Ferrari 360 Spider

    £74,995 £74,995

    Make: Ferrari Model: 360 Spider First Registered: 27/05/2002 (02) Mileage: 40,270 Previous Owners: 4 Engine: 3.6 Ltr Transmission: F1 Paint Colour: Rosso Corsa Trim Colour: Nero Leather Carpet Colour: Rosso Doors: 2 Seats: 2 MOT: TBA TAX: TBA HPI: Clear Warranty: 3 Month Cover Included - Upgrades Available

    • Year: 2002
    • Mileage: 40270 mi
    For sale
  • Ferrari 360 Spider

    £74,995 £74,995

    Make: Ferrari Model: 360 Spider First Delivered: 03/05/2001 Mileage: 40,850 Previous Owners: 4 Engine: 3.6 Ltr Transmission: F1 Paint Colour: Rosso Corsa Trim Colour: Nero Hide Carpet Colour: Nero Doors: 2 Seats: 2 MOT: 12 Months TAX: TBA HPI: Clear Warranty: 3 Months

    • Year: 2003
    • Mileage: 40850 mi
    For sale
  • Ferrari 360 Modena F1 – UK RHD


    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
  • Ferrari 360 Modena

    £89,995 £89,995

    Grigio Alloy Blu Scuro / electric seats Blu carpets 3 previous owners Known to our company since 2003 and sold by us to the last 3 owners. Comprehensive service history mainly with our company. Cambelt / annual service carried out in May. An immaculate original example.

    • Year: 2000
    • Mileage: 10600 mi
    For sale
  • Ferrari 360

    £74,950 £74,950

    Factory Built by Ferrari, unlike previous challenge models the 360 was produced in limited numbers as a pure race car. In excellent condition with a great racing history, with many wins and lap records. Raced in the Ferrari Challenge in 2003 and 2004 and in the Pirelli Ferrari Open in 2010/2011. Never damaged and the engine was rebuilt by GrayPaul Ferrari in Nottingham. Dyno Sheets show 442hp. With many lighweight panels, lexan windows and carbon fibre seats the wieght is significantly reduced over the road going car. F1 Gearbox rebuilt in 2012. More photos can be taken on request.

    • Year: 2003
    • Engine size: 3.6
    For sale
    Charlie Pilkington
  • Ferrari 360 Modena

    £69,995 £69,995

    Make: Ferrari Model: 360 Modena First Delivered: 01/01/2000 Mileage: 40254 Previous Owners: 5 Engine: 3.6 Ltr Transmission: F1 Paint Colour: Rosso Corsa Trim Colour: Crema Hide Carpet Colour: Rosso Doors: 2 Seats: 2 MOT: 12 Months TAX: TBA HPI: Clear Warranty: 3 Months

    • Year: 2017
    • Mileage: 40254 mi
    For sale
  • 2002 Ferrari 360 spider – 6 speed manual

    $119,800(£88,256.66) $119,800(£88,256.66)

    2002 Ferrari 360 spider, S/N ZFFYT53A220129423, Nero with cuoio, black convertible top, Pininfarina designed, 3.6 litre mid-engine V8, 6 speed manual gearbox, Daytona style electric seats, Scuderia fender shields, fully electric convertible top, original owner’s manuals and spare keys, delivered new September 30, 2002 via Ferrari of Atlanta, fresh major/belt servicing at Ferrari specialist Boston Sportscar.

    • Year: 2002
    • Mileage: 22300 mi
    For sale
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