Intro to the 360 ModenaThe Ferrari 360 Modena is a Mid-Engined 3.6L V8 Ferrari produced between 1999 and 2005, with the higher performance oriented 360 Challenge Stradale (CS) produced from 2003-2004. Total production numbers are rough, however approximately 8,800 360 Coupes and 7,600 Spiders were made, with a further production of ~1,288 Challenge Stradales.
The car boasts Ferrari's F131 V8 engine, based off of the 355's design, with its only known applications being in the 360 Modena and its variants. The 3.6L found in the 360 produces ~395 bhp and 275 lb-ft of torque. These figures were upped to 415 bhp with torque remaining the same. The 360 Modena and Challenge Stradale are propelled form 0-62 mph in 4.7s and 4.1s, respectively and top out at ~176mph. |
The Ferrari 360 Modena was the first production V8 Ferrari to have an all Aluminum space frame chassis. This advancement is chassis design yielded a vehicle with a frame work 40% stiffer and approximately 30% lighter than its predecessor, the 355. The 360 is widely considered the first of the modern Ferraris for the V8 model range as it was being produced at the turn of the century and its design ditched the straight lines and angular geometry of previous models, boasting a more curvaceous body work designed by Pininfarina. The 360 came with two choices of transmission, a 6-speed manual and a paddle shift actuated electro-hydraulically shifted 6-speed.
Ferrari 360 Modena Options List
Below you will find the options list for the 360 Modena. As is the case with other models, it is important to keep the options list in mind to understand the potential reason for varying prices for cars that may seem similar on the surface (regarding production year and mileage). Included will be the options list on the 360 Challenge Stradale as some options were only made available on later production years (and carried on to successor models). Note: Prices are in GBP (British Pounds). Conversion rate at time of production was 1 GBP = 1.62 USD.
Current 360 Market Values
Below you will find the current, as of JFM (January-February-Mark) 2019 time frame, market value for the 360 Modena Coupe body-style. The prices of the vehicles vary depending on options the car came with, current mileage, vehicle history, maintenance required (as the car is sold), and lastly the local market it is being sold in. With all else being similar there may be a slight difference between a vehicle's price listed in Michigan in January vs that same / very similar vehicle listed in California. Although, the price difference may not be that different as these cars are likely to be shipped across states to interested buyers.
An odd trend for the U.S Market values of the 360 Modena is that the odd years (1999, 2001, and 2003) have a higher asking price. This may be correlated to the lower mileage on these particular years, although there is an absence to a forced variable behind why. There are a total of 41 360 Modena coupes for sale in the U.S (as of January 2019). Out of those 41 only 9 are manual 6-speed transmissions, equating to ~22% of the current market. The average asking price for the Paddle-Shift actuated electro-hydraulic transmission is $79,444, where as the 6-speed manual is asking for roughly a $23,000 premium, averaging at $102,350.
The overall current price range of the the 360 Modena is $64,000-$120,000. This is a range encompassing of both manual and automated transmissions, although the 6-speed manual transmission models are on the latter part of the range, $88,000-$120,000. The majority of the market's 360s fall within two equality distributed ranges; $65,000-$75,000 for the paddle shift models and $86,000-$105,000. It is worth noting that the majority of the high value vehicles (within their transmission grouping) have optional sport-bucket seats rather than the Daytona style seats.
An odd trend for the U.S Market values of the 360 Modena is that the odd years (1999, 2001, and 2003) have a higher asking price. This may be correlated to the lower mileage on these particular years, although there is an absence to a forced variable behind why. There are a total of 41 360 Modena coupes for sale in the U.S (as of January 2019). Out of those 41 only 9 are manual 6-speed transmissions, equating to ~22% of the current market. The average asking price for the Paddle-Shift actuated electro-hydraulic transmission is $79,444, where as the 6-speed manual is asking for roughly a $23,000 premium, averaging at $102,350.
The overall current price range of the the 360 Modena is $64,000-$120,000. This is a range encompassing of both manual and automated transmissions, although the 6-speed manual transmission models are on the latter part of the range, $88,000-$120,000. The majority of the market's 360s fall within two equality distributed ranges; $65,000-$75,000 for the paddle shift models and $86,000-$105,000. It is worth noting that the majority of the high value vehicles (within their transmission grouping) have optional sport-bucket seats rather than the Daytona style seats.
The current U.S Market valued of the 360 Modena Spider can be found in the graph below, again updates as off JFM-2019. In general, the average asking price for the 360 Modena Spider over the coupe is roughly $2,600 for the paddle shift transmission and about $5,000 for the 6-speed manual. Within the Spider body style, the 6-speed manual asks for a $25,300 premium over the paddle shift transmission, with 25.3% of the current market being 6-speed manuals out of the total 83 360 Spiders currently on sale. The prices across the production years seem to be fairly even, although the 2003 models seems to have a slight peak for the paddle shift transmission, roughly $8,000 over the average asking price for the group.
The 360 Challenge Stradale is a difficult model to run statistics on and draw accurate averages as the car is rare with only 1288 produced and they don't exchange hands often. From my data collection over the past 3-4 years, prices have been coming down from a current peak in late 2016 however the vehicle still demands a respectable pricing, averaging at $210,000. The overall range for the 360 CS is $179,990-$235,990. Worth noting that two of the lower prices models have had an accident recorded on their title, thus lowering the asking price.
Overall, the 360 Modena in both body styles has seen a steady market value with a slight increase noted in the last 18-24 months. This is a strong indication the vehicle is still held in high regards considering the accumulated miles as time goes on. The 6-Speed manual equipped vehicles may see a continued upward trend as the 360 was the last Ferrari V8 model to have a significant percentage of production (and current market examples) be manuals. With the continues fascination and wanting to preserve the manual transmission, that may mean these cars will be sought after in the future. Please do keep in mind this is not an exact science but more so my observations on market trends over the past several years and keeping up with current interests amongst buyers in the market.
Recalls Watch-Outs, and Known Issues
1. Separation of starter ring gear: In late 2000 (October) a recall was issued for 360 Modenas due to the potential of the starter ring gear coming separated from the clutch assembly. This could have been due to one of two potential issues: Fracture of the ring gear due to inaccuracy in the positioning of the holes that hold the ring gear to the clutch assembly, or due to the 3 screws themselves going loose.
Watch-Outs: 360 Modenas manufactured prior to October 2000 with no identification of this recall fix taking place in the vehicles maintenance history. There is a low to no likelihood of this issues still occurring in 360 Modenas currently on the market, however it is worth referring to the vehicles maintenance history when dealing with particularly low mileage early examples, prior to October 2000.
2. Hydraulic steering power assist feed hose: A recall for the hydraulic power steering assist supply pipe was issued in June 2004 regarding a leak in the supply hose that will lead to a gradual loss of fluid, thus yielding a gradual decline in assistance of the steering function. The fix was to replace the hydraulic delivering hose form the pump to the steering rack. Failure to get the work done may lead to access strain on the steering components thus a faster degradation of those components.
Watch-Outs: Look for this fix to have taken place in the vehicle's maintenance history. Not 100% of vehicles produced prior to the recall that were taken in had work conducted on them as the issue was not a blanketing one (in other words, not all cars were affected). If there is no indication of the work having taken place for models made prior to June 2004 (vast majority of 360s) then inspect vehicle shop visits, looking particularly for fluid "top-offs". It is also good practice to inspect the fluid levels yourself along with the seller and periodically soon after a purchase.
3. Inadequate grounding of engine ground strap: A recall was issued in March 2002 due ti improper manufacturing of the engine ground straps. This lack of grounding to the chassis could result in the electrical system grounding at the ignition coil, resulting in ignition coil overheating and engine shut-off.
Watch-Outs: Not 100% of vehicles produced prior to the recall had the issue. It is worth asking the seller about the recall. Look into the car history for any unusual events of engine stalling / shut-off.
4. Cam Variator: The cam variator is a component on the cam shaft timing end that is hydraulically actuated to advance or retard the cam timing (VVT - Variable Valve Timing). This issue occurred on the early models (1999-2000). Later models benefited from an upgraded variator design. Only the exhaust had variable valve timing capability, so only the exhaust camshafts had these variators. Each variator can cost $230-$250. The failure mode itself had to do with the threaded attachment hub that connected the camshaft itself to the variator head. This could cause camshaft rotations and valve actuation to go out of phase with the pistons and crankshaft, causing engine failure.
Watch-Out: Look for this replacement in early models years, to be safe practicing this precaution for 1999-2001 models. Look up the VIN (anything sub "123399"), engine number (engine number below 60796), or look into the vehicles maintenance history and insure the new variator design has been installed. The replacement can be an expensive procedure (~$4,000-$6,000 depending on single and dual bank replacement. Additionally timing belt and tensioning bearings tend to be replaced, as coupling this work makes sense). Vehicles originally produced with this defective part (VIN sub 123399) that have had the replacement done will have VD stamped in on the head (which can be seen from the engine bay). Additionally the new variators have a green dot at the head.
5. Rolled Fenders: This occurs when the vehicle is going up an incline with a turned wheel. This happens due to the tight tolerance between the tires and the fenders on the front wheels. This is not an issue that would render the car inoperable, however could slightly "tarnish" the look of the car. The fenders could be rolled back fairly easily by taking the wheel off and bolting a mechanism to roll them back. This could cost $150-$300 depending on where the work gets done.
Watch-Out: Inspect the front wheel fenders during the purchasing process.
6. Engine Mounts: The engine mounts are not a common or early onset failure, however they are not a robust design. The engine mounts eventually wear out via a combination of mileage based wear & tear as well as time based degradation of the vibration attenuating rubber between the steel mountings. This is easy to diagnose; look for excessive displacement of the engine under load within the engine bay (may require 2 people, 1 to drive or rev with the other to watch for rocking motion of the engine). The flat plane crank design of the engine could lead to access vibration that accelerates the wear on the components. Engine mounts can cost $350-$500 (depending on aftermarket vs OEM parts, respectively quoted)
Watch-Out: Look for excessive engine movement within the engine bay under load. Not too much to act on other than looking for excessive displacement of the engine. May be worth having the dealer (or owner) drive the car during a segment of the test drive while you look through the window into the engine bay when accelerating.
7. Exhaust Manifolds: Not as bad of an issue as it is with the F430, however the access vibrations of the engine design could lead to access rocking of the engine within the engine bay, leading to cracked manifolds.The manifolds (if purchasing OEM equipment) could cost as much as $1900-$3000 per manifold. Aftermarket manifolds can be found on sites supplying after market parts.
Watch-Out: Since this is not a recall or an issue than occurs on a predetermined frequency, it is important you have this inspected during the PPI (pre-purchase inspection).
8. Transmission Mounts: Similar to the engine mounts, the transmissions mounts on the 360s can deteriorate over time as the attenuation material between the attachment plates is made of rubber which dries and cracks over time. This item can be a forces deterioration item due to miles, however it is worth inspecting it as rubber naturally ages, dries, and becomes brittle over time regardless of miles. Transmission mounts can be found ranging from $250-$400, depending on the supplier.
Watch-Out: Since this is not a recall or an issue than occurs on a predetermined frequency, it is important you have this inspected during the PPI (pre-purchase inspection).
9. Door latch / locking mechanism: This can occur, most commonly, due to the latch release cable becoming bound up on the sleeve it sits in. This is a $170 item that can be replaced (in the same fashion as the window regulator can be worked on) by accessing the component via the interior door panel. If the door latch comes stuck in the closed position, it can be accessed between the exterior door panel and the window (to be safe and preserve the glass, do not undertake that portion yourself). This issue occurred (albeit at a much lower likelihood to the F430).
10. Shrinking leather: This issue occurs (not only on the 360) under normal use to cars with natural leather dashboards. This issue can be accelerated due to exposure to "UV-Radiation" from the sun. This is only a cosmetic issue.
Watch-Out: Inspect the dashboard during the purchasing process, paying particularly close attention to the AC vent alignment (windshield de-fogging vents) and the alarm sensor / beacon. Look for the stitching line at the front end of the dash.
11. Leaky soft-top on the Spider: This is due to an imperfect seal that could cause leaking into the cabin during heavy rainfall or carwashes where a lot of positive pressure pushed water through the seals.
Watch-Out: During the purchasing process, it may be worth the effort to go through a carwash and inspect this.
12. Sticky Buttons: This is purely cosmetic however it can be a nuisance. This is a common issue in Ferraris and Maseratis due to the tactile coating on the buttons. There are many aftermarket kits and fixes and companies specialized in replacing buttons (expensive option) or selling clean-up kits (affordable options). The replacements send a new component with a new non-sticky prone coating. These however can cost $40-$300 a piece depending on the component and the badging on it.
Watch-Out: Inspect the buttons in the cabin (primarily the most commonly used ones) during the purchasing process.
Watch-Outs: 360 Modenas manufactured prior to October 2000 with no identification of this recall fix taking place in the vehicles maintenance history. There is a low to no likelihood of this issues still occurring in 360 Modenas currently on the market, however it is worth referring to the vehicles maintenance history when dealing with particularly low mileage early examples, prior to October 2000.
2. Hydraulic steering power assist feed hose: A recall for the hydraulic power steering assist supply pipe was issued in June 2004 regarding a leak in the supply hose that will lead to a gradual loss of fluid, thus yielding a gradual decline in assistance of the steering function. The fix was to replace the hydraulic delivering hose form the pump to the steering rack. Failure to get the work done may lead to access strain on the steering components thus a faster degradation of those components.
Watch-Outs: Look for this fix to have taken place in the vehicle's maintenance history. Not 100% of vehicles produced prior to the recall that were taken in had work conducted on them as the issue was not a blanketing one (in other words, not all cars were affected). If there is no indication of the work having taken place for models made prior to June 2004 (vast majority of 360s) then inspect vehicle shop visits, looking particularly for fluid "top-offs". It is also good practice to inspect the fluid levels yourself along with the seller and periodically soon after a purchase.
3. Inadequate grounding of engine ground strap: A recall was issued in March 2002 due ti improper manufacturing of the engine ground straps. This lack of grounding to the chassis could result in the electrical system grounding at the ignition coil, resulting in ignition coil overheating and engine shut-off.
Watch-Outs: Not 100% of vehicles produced prior to the recall had the issue. It is worth asking the seller about the recall. Look into the car history for any unusual events of engine stalling / shut-off.
4. Cam Variator: The cam variator is a component on the cam shaft timing end that is hydraulically actuated to advance or retard the cam timing (VVT - Variable Valve Timing). This issue occurred on the early models (1999-2000). Later models benefited from an upgraded variator design. Only the exhaust had variable valve timing capability, so only the exhaust camshafts had these variators. Each variator can cost $230-$250. The failure mode itself had to do with the threaded attachment hub that connected the camshaft itself to the variator head. This could cause camshaft rotations and valve actuation to go out of phase with the pistons and crankshaft, causing engine failure.
Watch-Out: Look for this replacement in early models years, to be safe practicing this precaution for 1999-2001 models. Look up the VIN (anything sub "123399"), engine number (engine number below 60796), or look into the vehicles maintenance history and insure the new variator design has been installed. The replacement can be an expensive procedure (~$4,000-$6,000 depending on single and dual bank replacement. Additionally timing belt and tensioning bearings tend to be replaced, as coupling this work makes sense). Vehicles originally produced with this defective part (VIN sub 123399) that have had the replacement done will have VD stamped in on the head (which can be seen from the engine bay). Additionally the new variators have a green dot at the head.
5. Rolled Fenders: This occurs when the vehicle is going up an incline with a turned wheel. This happens due to the tight tolerance between the tires and the fenders on the front wheels. This is not an issue that would render the car inoperable, however could slightly "tarnish" the look of the car. The fenders could be rolled back fairly easily by taking the wheel off and bolting a mechanism to roll them back. This could cost $150-$300 depending on where the work gets done.
Watch-Out: Inspect the front wheel fenders during the purchasing process.
6. Engine Mounts: The engine mounts are not a common or early onset failure, however they are not a robust design. The engine mounts eventually wear out via a combination of mileage based wear & tear as well as time based degradation of the vibration attenuating rubber between the steel mountings. This is easy to diagnose; look for excessive displacement of the engine under load within the engine bay (may require 2 people, 1 to drive or rev with the other to watch for rocking motion of the engine). The flat plane crank design of the engine could lead to access vibration that accelerates the wear on the components. Engine mounts can cost $350-$500 (depending on aftermarket vs OEM parts, respectively quoted)
Watch-Out: Look for excessive engine movement within the engine bay under load. Not too much to act on other than looking for excessive displacement of the engine. May be worth having the dealer (or owner) drive the car during a segment of the test drive while you look through the window into the engine bay when accelerating.
7. Exhaust Manifolds: Not as bad of an issue as it is with the F430, however the access vibrations of the engine design could lead to access rocking of the engine within the engine bay, leading to cracked manifolds.The manifolds (if purchasing OEM equipment) could cost as much as $1900-$3000 per manifold. Aftermarket manifolds can be found on sites supplying after market parts.
Watch-Out: Since this is not a recall or an issue than occurs on a predetermined frequency, it is important you have this inspected during the PPI (pre-purchase inspection).
8. Transmission Mounts: Similar to the engine mounts, the transmissions mounts on the 360s can deteriorate over time as the attenuation material between the attachment plates is made of rubber which dries and cracks over time. This item can be a forces deterioration item due to miles, however it is worth inspecting it as rubber naturally ages, dries, and becomes brittle over time regardless of miles. Transmission mounts can be found ranging from $250-$400, depending on the supplier.
Watch-Out: Since this is not a recall or an issue than occurs on a predetermined frequency, it is important you have this inspected during the PPI (pre-purchase inspection).
9. Door latch / locking mechanism: This can occur, most commonly, due to the latch release cable becoming bound up on the sleeve it sits in. This is a $170 item that can be replaced (in the same fashion as the window regulator can be worked on) by accessing the component via the interior door panel. If the door latch comes stuck in the closed position, it can be accessed between the exterior door panel and the window (to be safe and preserve the glass, do not undertake that portion yourself). This issue occurred (albeit at a much lower likelihood to the F430).
10. Shrinking leather: This issue occurs (not only on the 360) under normal use to cars with natural leather dashboards. This issue can be accelerated due to exposure to "UV-Radiation" from the sun. This is only a cosmetic issue.
Watch-Out: Inspect the dashboard during the purchasing process, paying particularly close attention to the AC vent alignment (windshield de-fogging vents) and the alarm sensor / beacon. Look for the stitching line at the front end of the dash.
11. Leaky soft-top on the Spider: This is due to an imperfect seal that could cause leaking into the cabin during heavy rainfall or carwashes where a lot of positive pressure pushed water through the seals.
Watch-Out: During the purchasing process, it may be worth the effort to go through a carwash and inspect this.
12. Sticky Buttons: This is purely cosmetic however it can be a nuisance. This is a common issue in Ferraris and Maseratis due to the tactile coating on the buttons. There are many aftermarket kits and fixes and companies specialized in replacing buttons (expensive option) or selling clean-up kits (affordable options). The replacements send a new component with a new non-sticky prone coating. These however can cost $40-$300 a piece depending on the component and the badging on it.
Watch-Out: Inspect the buttons in the cabin (primarily the most commonly used ones) during the purchasing process.
Habits: Driving, Storage, and Procedures
Since the procedures to be highlighted in this section will be common to all the vehicles featured on this site, a dedicated page has been allocated to them. You can find them at the top of the page under the "Procedures" title, or by clicking here.