Source- Ferrari Media
Table of Contents
1. Gated Manual Is The Most Desirable
The Ferrari 360 Modena came with a 6-speed gated manual as well as an F1 automatic transmission. The manual is highly desirable and commands a premium of up to $20,000 as only 469 Modenas and 670 Spiders were produced with this option. The F1 automatic gearbox on the other hand was noted for its rapid shifts but only when hustling, in bumper-to-bumper traffic it was clunky and jerked a lot.
The clutches on both the transmissions can last 15-20 K miles but do take the car out for a spin for a quick transmission check. The shifts should be crisp and precise with no shuddering in the clutch pedal in the case of the gated manual. Any vibration could be a sign of a worn-out clutch and bearings which can cost up to $4,000 as seen on Ricambiamerica.com.
The hydraulic actuator in automatic is known to fail with age and is priced around $10,000 at Scuderia Car Parts. Buyers of the used 360 Modena should also check the transmission linkages and mounts for any cracking and age-included wear. The mounts are relatively inexpensive at around $106 but the labor charges can easily triple that amount.
2. An Aluminum Chassis is Light And Rust-Free
All Ferrari 360 Modenas feature an Aluminum Spaceframe chassis that is better at resisting rust and is 40% stiffer while being 20% lighter than its steel-equipped predecessor. However, paint chips, dents, and underbody is a whole different story. When buying a used 360 Modena look for the ones fitted by clear bra by previous owners as they are less likely to have stone chips and swirl marks.
A minor paint correction can cost up to $800 to fix as per Detailed Image. Similarly, look for signs of damage in areas like wheel wells and near rain gutters on the roof. The Modena Spider’s soft top was prone to leakage, which if left untreated can spoil the interior due to watermarks. Another point of contention with 360 Modena’s exterior is the area around the front indicators and bumper welds where paint bubbling can occur.
A used 360 Modena is likely to have an all-leather interior that holds the patina well, but do check all the automatic seat adjustment knobs and switchgear at least once before purchase. Similarly, the Spider models could have water-damaged leather that may need reupholstering.
The Challenge Stradale models were pretty barebones and came with an Alcantara interior and plexi windows that were lightweight, durable, and likely to be well maintained in such a low-production car
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3. The 8650 RPM Screamer is Worth The Price Alone
The unmistakable sound of a 5 Valve V8 is simply an acoustic tour de force. The Ferrari 360 has an NA 3.6L V8 revved to 8650 RPM and made 419 horsepower in a super limited “Challenge Stradale” trim. The engine was reliable with no major cause of concern if maintained properly. To get a first-hand idea of the internals unscrew the radiator cap and check the color of the coolant. It should be green. A brown color or rusty residue in the reservoir indicates that the engine needs a significant rework which in the case of Ferrari can sometimes cost high 5 figures.
Similarly, a 360 Modena owner on FC pointed out that the car must chew through ball end joints and tie rods. Both of which can cost up to $500 to replace. Valve tappet noise is common at colder temperatures but may indicate a problem if it persists after some time. The head gasket and seals can leak over time and should be inspected. The brakes were steelies on regular Modena and Carbon Ceramic on Challenge. The latter can last up to 100,000 miles during street use but is extremely prone to chipping, a replacement can cost upwards of $15,000.
Another mechanical issue common with 360 Modena’s is a cracked exhaust manifold that will cost up to $5,880 as per SCP.
5. What Are Used Ferrari 360 Modena Prices And Maintenance Costs?
If you are looking for an answer to that question, then perhaps a Ferrari is not for you. The 360 Modena is a 25-year-old car that demands extra attention every 3-6 years but rewards its driver with an unforgettable experience that is practically non-existent these days to due EVs, Turbocharging, and a lack of manual transmission options.
The annual maintenance cost for a Ferrari 360 Modena is heavily dependent on the way you drive but forum chatter suggests it should be around $2000-$3000. The major service is around $5000 and consists of a must-do cambelt change. The engine oil interval is at 6000 miles or annually while high-performance tires like Bridgestone Potenza cost up to $498 apiece.
An average used 360 Modena costs around $109,000 as per Car Gurus. These are mostly automatic variants as the ones with 6-speed gated manual sell for up to 30 percent premium above the autos. A 360 Modena Spider in used condition can cost $123,000. The hardcore Ferrari 360 Challenge Stradale is hard to get and generally $270,000 due to its rarity (only 1288 built) and a higher level of performance on offer. Some Ferrari Modenas were specced with lathr matched luggage and other one-off options like exclusive paints and carbon seats that command a premium in used car market
6. Get A PPC Done
A PPC or Pre-Purchase Inspection is a must for any car, especially for an exotic like the 360 Modena which was meant to be driven hard. Look for a reliable local mechanic other than the one offered by the private seller or dealership for an unbiased thumbs-up. Also, ask for an extended warranty especially on the drive train if possible even if that means shelling out a few thousand extra.
7. Ferrari 360 Modena Recalls
The Ferrari 360 Modena was recalled 8 times, be sure to check the VIN and ask the seller if the recalls have been attended to.
| Model Year | Recall Reason | NHTSA Campaign Number |
| 1999 FERRARI 360 MODENA RECALLS | Clutch Assembly | 00V340000 |
| Brake Problem | 01V025000 | |
| Brake Hose | 00V078000 | |
| Airbags Failure | 00V098000 | |
| ABS Failure | 00V099000 | |
| 2000 FERRARI 360 MODENA RECALLS | Clutch Assembly | 00V340000 |
| 2001 FERRARI 360 MODENA RECALLS | Faulty Electrical Ground | 02V091000 |
| 2003 FERRARI 360 MODENA RECALLS | Hydraulic Steering Failure | 04V294000 |
8. 1995-2005 Ferrari 360 Modena Variants and Specifications
The Ferrari 360 Modena was made between 1995-2005 and was available in three different variants. The Coupe, Spider, and Challenge Stradale. The lattermost was a very limited racecar for the road that was 240 pounds lighter than the standard Modena thanks to a strict diet that included deleted radio, lexan (plexiglass) door windows, Alcantara fabric, reduced sound deadening, carbon mirrors, lightened bumpers, carbon ceramic brakes, carbon sports seats, and special BBS wheels.
| Specifications | Ferrari 360 Modena / Spider | Ferrari 360 Challenge Stradale |
| Engine | 3.6 L (3586 cc) Tipo F131 V8 | 3.6 L (3586 cc) Tipo F131 V8 |
| Transmission | 6 Speed Gated Manual /6 Speed Automatic | 6 Speed Automatic |
| Layout-Weight Distribution | Rear Mid Engined , RWD-42/58% front/rear | Rear Mid Engined, RWD |
| Horsepower | 373 N⋅m (275 lb-ft) at 4,750 rpm | 425 PS (419 hp; 313 kW) at 8,500 rpm,Redline- 8650 RPM. |
| Torque | 373 N⋅m (275 lb⋅ft) at 4,750 rpm | 373 N⋅m; 275 lbf⋅ft (38 kg⋅m) at 4,750 rpm |
| 0-60 MPH | 4.98 Seconds | 4.0 Seconds |
| Top Speed | 183 MPH | 186 MPH |
| MPG (City, Highway, Combined ) | 10,15,11 | 10,16,12 |
| Dimensions | 176″ L x 76″ W x 49″ H | -NA |
| Kerb Weight | Coupe 1,553 kg (3,424 lb), Spider+60 kg (130 lb) | 1,430 kg (3,153 lb) |
| Numbers Built | 8,800 Modenas and 7,565 Spiders | 1288 units |
| MSRP | Coupe ($138,225), Spider ($160,274) | $233,719 |
| Used Price On Average (2024) | Coupe ($109,000), Spider ($123,000) | $270,000 |
