The 2003 Ferrari 360 is a mid-engine, rear-wheel-drive sports car that succeeded the F355 and was produced from 1999 to 2004. Available as a coupe (Modena) and convertible (Spider), its key trims include the standard 360 Modena/Spider and the more track-focused Challenge Stradale. Its popularity stems from its stunning Pininfarina-designed looks, sublime V8 engine sound, and engaging driving dynamics. It represented a significant leap forward for Ferrari in terms of technology and everyday usability for a supercar.
The Good
The 2003 Ferrari 360 offers exhilarating performance and a captivating V8 soundtrack for the emotional buyer. Practically, it boasts surprisingly comfortable ergonomics, user-friendly controls, and a relatively robust mechanical basis for a supercar, making it more approachable than its predecessors.
The Bad
Potential owners should be aware of costly clutch wear on manual transmissions, sticky dashboards and interior components prone to degradation, and the expense of timing belt services. Subtle electronic gremlins and potential exhaust manifold issues are also points to watch out for.
2003 Ferrari 360: Quick Overview
- Engine Options: All 2003 Ferrari 360 models feature a naturally aspirated 3.6-liter V8 engine.
- Horsepower: The standard 360 Modena and Spider produced 400 horsepower at 8,500 rpm. The Challenge Stradale variant boosted this to 425 horsepower.
- Torque: Standard models produced 275 lb-ft of torque at 4,750 rpm, while the Challenge Stradale offered 275 lb-ft at 5,750 rpm.
- Fuel Economy: Expected EPA estimates were around 10 mpg city and 16 mpg highway, though real-world results often vary significantly with spirited driving.
- 0-60 Times: For manual transmission models, 0-60 mph acceleration was typically around 4.4 seconds. The F1-style sequential gearbox models were slightly quicker, often achieving 0-60 mph in around 4.1-4.2 seconds.
- Towing Capacity: The Ferrari 360 is a performance sports car and does not have a towing capacity.
- Transmission Options: Available transmissions included a traditional 6-speed manual and a paddle-shifted 6-speed F1-style sequential automated manual.
- Trim-Level Features (Standard Modena/Spider):
- Leather interior
- Power-adjustable seats
- Automatic climate control
- Power windows and locks
- Bose premium audio system
- Xenon headlights
- 18-inch alloy wheels
- Limited-slip differential
- Anti-lock braking system (ABS)
- Traction control
- Trim-Level Features (Challenge Stradale): In addition to standard features, the Challenge Stradale offered significant upgrades for track performance and weight reduction:
- Carbon fiber racing seats (optional)
- Alcantara interior trim
- Stiffer suspension tuning
- Brembo brakes
- Lightweight alloy wheels
- Stiffer chassis bracing
- Unique aerodynamic enhancements
- Optional roll cage
2003 Ferrari 360 Specifications
Vehicle Information
| Year | 2003 |
| Make | Ferrari |
| Model | 360 |
| Trim | - |
| Style | - |
| Type | Convertible |
| Category | Sports Car |
Manufacturing Details
| Made In | Italy |
| Manufacturing City | MARANELLO |
Dimensions
| Doors | 2-Door |
| Curb Weight | 3197 pounds |
| Gross Vehicle Weight Rating | - |
| Overall Height | 47.70 inches |
| Overall Length | 176.30 inches |
| Overall Width | 75.60 inches |
| Wheelbase Length | 102.30 inches |
| Standard Seating | 2 |
Engine & Performance
| Engine | 3.6-L V-8 2-DOHC 40V |
| Engine Size | 3.6L |
| Engine Cylinders | 8 |
| Transmission | 6-Speed Automatic |
| Transmission Type | Automatic |
| Transmission Speeds | 6-Speed |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $176,287 |
| Invoice Price | - |
| Delivery Charges | $1,350 |
Vehicle History Report
Vehicle
Specifications
Specifications
Ownership
History
History
All History
Events
Events
NMVTIS Title
History Check
History Check
Salvage/Rebuilt
Check
Check
Accident
Check
Check
Theft
Check
Check
Open Lien
Check
Check
Past Sale
Listings
Listings
Safety
Recalls
Recalls
Odometer
Check
Check
Market Price
Analysis
Analysis
What Problems Does the 2003 Ferrari 360 Have?
The 2003 Ferrari 360, while a significant improvement in reliability over its predecessors, is not without its common issues and long-term concerns. One of the most frequently reported and costly problems pertains to the F1 transmission's hydraulic system and clutch wear. Manual transmissions can also suffer from clutch wear, though often less rapidly. The interior, particularly the dashboard material, is notorious for becoming sticky and degrading over time due to material breakdown from heat and UV exposure. This often requires expensive refurbishment or replacement. Exhaust manifolds can crack, leading to exhaust leaks and a ticking noise, which is a common repair. The electronic control units (ECUs) can sometimes develop faults, leading to various warning lights or system malfunctions. Battery drain is another issue often reported, requiring owners to use a trickle charger when the car is not in use. Cooling system components, such as hoses and radiators, can degrade over time and may require replacement. Timing belt replacement is a major maintenance item, recommended every 3-5 years or a certain mileage, and neglecting this can lead to catastrophic engine damage. While there haven't been widespread recalls specific to the 2003 model year for major safety defects, routine maintenance and addressing common wear items are crucial for long-term reliability. Some owners report issues with window regulators and door seals. While generally more reliable than older Ferraris, the 360 still requires diligent maintenance and prompt attention to any warning lights or unusual noises to prevent minor issues from becoming major, expensive repairs. Specific model year variations in susceptibility to these issues are not widely documented, with most problems being common to the entire 360 production run.
How long will the 2003 Ferrari 360 last?
Based on owner data and typical usage patterns for a vehicle of its class and era, a 2003 Ferrari 360 might average around 3,000 to 5,000 miles per year. Many are used as weekend or fair-weather cars. A well-maintained example, with meticulous attention to its scheduled major services (especially timing belt changes), could reasonably see 150,000 miles or more in its lifetime. However, its long-term durability is heavily contingent on the quality and consistency of maintenance. The engine and gearbox are robust for their intended use, but electrical gremlins and interior wear are common weaknesses that emerge over time. The chassis and suspension generally hold up well, but corrosion can be a concern in certain climates. The most significant factor for long-term viability is the owner's commitment to its demanding maintenance schedule.
What Technology & Safety Features are Included?
The 2003 Ferrari 360, while not a technology showcase by today's standards, offered a respectable level of comfort and safety features for its time. The infotainment system was relatively basic, typically including an AM/FM radio, CD player, and a sound system (often a Bose premium unit) designed to be heard over the V8 soundtrack. Navigation was not a common factory-installed feature and, if present, would likely be an aftermarket addition or an early, rudimentary system. Driver-assistance features were minimal. Traction control (ASR) was standard, helping to manage power delivery, especially from a standstill or during aggressive acceleration. ABS was also standard, providing crucial stopping power. Beyond these core systems, advanced driver aids like adaptive cruise control, lane departure warnings, or blind-spot monitoring were non-existent. Safety features focused on occupant protection. The car featured airbags for the driver and front passenger. Its mid-engine, rear-wheel-drive layout and a low center of gravity contributed to inherent stability. However, official crash-test ratings from organizations like the NHTSA or IIHS are not readily available for most exotic cars of this era, as they were typically not subjected to the same rigorous testing as mainstream vehicles. The focus for Ferrari was on building a strong, rigid chassis that could withstand the stresses of high-performance driving. Optional features were more performance-oriented, such as the F1 transmission, upgraded brakes, and lightweight alloy wheels, rather than tech enhancements. The overall approach to technology in the 360 was to enhance the driving experience and performance, rather than provide extensive digital conveniences or sophisticated driver assistance.
What Colors Options are Available?
We’re working on this section!
In the meantime, feel free to explore the other sections for more content.
In the meantime, feel free to explore the other sections for more content.
2003 Ferrari 360 Prices and Market Value
When new, a 2003 Ferrari 360 Modena typically had a base price in the range of $130,000 to $150,000, with the Spider convertible and the more performance-oriented Challenge Stradale commanding higher figures. Depreciation was initially steep, as is common with high-end exotics. However, in the current used market, prices for a 2003 Ferrari 360 have stabilized and are appreciating for well-maintained examples. You can expect to find them ranging from $60,000 to $100,000+, depending heavily on mileage, condition, service history, and specific trim (Challenge Stradale models being the most valuable). Factors affecting resale value include a complete and documented service history, low mileage, the condition of the interior (especially the sticky dashboard), manual transmission cars often holding a premium, and the overall cosmetic and mechanical state of the vehicle.
2003 Ferrari 360 Cost of Ownership
Owning a 2003 Ferrari 360 is undeniably costly. Insurance premiums will be substantial, reflecting the vehicle's value and performance. Fuel consumption will be high, averaging around 10-16 mpg, demanding premium fuel. Maintenance is arguably the largest expense, with major services including timing belt replacement costing thousands of dollars. Repairs, especially for specialized components or the F1 transmission, are exceptionally expensive. This vehicle is definitively costly to own and operate. It is not an economical choice by any stretch; it's a passion purchase where cost is secondary to the driving experience.
2003 Ferrari 360 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
25.10 gallons
City Mileage
10 miles/gallon
Highway Mileage
16 miles/gallon
2003 Ferrari 360 Safety Rating
NHTSA
IIHS
2003 Ferrari 360 Recalls & Defects
Steering:hydraulic Power Assist:hose, Piping, and Connections
Recall date
2004-06-25
Recall no.
04v294000
Source
NHTSA
Summary
ON Certain Vehicles, AN OIL Leak IN THE Hydraulic Steering Delivery Pipe From THE Pump TO THE Steering Rack MAY Occur Which Could Lead TO A Gradual Reduction OF THE Assisted Steering Function.
Consequence
Such Circumstances Could Lead TO Loss OF Vehicle Control and Could Result IN A Crash.
Remedy
Dealers Will Replace THE Steering Delivery Hoses From THE Pump TO THE Steering Rack. Owner Notification Began ON June 30, 2004. Owners Should Contact Ferrari ON 201-816-2651.
Notes
Ferrari Recall NO. 41. Customers CAN Also Contact THE National Highway Traffic Safety Administration's Auto Safety Hotline AT 1-888-Dash-2-dot (1-888-327-4236).
2003 Ferrari 360 Warranty
Basic
Original warranty
24 months / unlimited miles
Estimated remaining
Expired
Powertrain
Original warranty
24 months / unlimited miles
Estimated remaining
Expired
Rust
Original warranty
24 months / unlimited miles
Estimated remaining
Expired
2003 Ferrari 360 Insurance
Insurance for a 2003 Ferrari 360 is moderately priced, reflecting its status as a Convertible with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 2003 Ferrari 360 Compare to Other Convertible?
When stacking the 2003 Ferrari 360 against its contemporaries, it holds its own in performance and design but presents challenges in reliability and long-term cost compared to some rivals. Key competitors include the Porsche 911 (996 generation), Lamborghini Gallardo (early models), and perhaps the Aston Martin DB7 Vantage.
Performance: The 360's 400-hp V8 and sublime exhaust note are intoxicating. The 911 Carrera and S offered strong performance, often with more usable all-wheel-drive traction. The early Gallardo provided a similar mid-engine, V10-powered punch, while the DB7 Vantage offered a more relaxed yet potent grand touring experience with its V12.
Features: The 360's interior was driver-focused, with leather and classic Ferrari design. The 911 offered a more practical and technologically advanced interior for its time. The Gallardo was similarly exotic, and the DB7 leaned towards luxury. Tech in the 360 was basic, with the 911 generally having an edge.
Reliability: This is where the 360 often falls short. The Porsche 911 (996) had its own known issues (IMS bearing), but many considered it more robust overall with lower running costs. The Gallardo, being newer and based on Audi components, might offer slightly better mechanical reliability in some aspects. Aston Martins can also be costly to maintain. The Ferrari's sticky dashboards, F1 transmission complexities, and expensive major services are significant drawbacks.
Price: The 360 was priced similarly to comparable 911 Turbo or S models and the early Gallardo. The DB7 Vantage was often in a similar or slightly higher bracket when new. Today, the 360 offers a more accessible entry into V8 Ferrari ownership than some of its predecessors or successors.
Recommendations: For a more reliable and potentially more practical daily driver with exceptional performance, a well-maintained Porsche 911 Carrera S (996) or Turbo (996) is an excellent alternative. If raw exotic looks and a V10 are paramount and budget is less of a concern for maintenance, an early Lamborghini Gallardo could be considered. For a more comfortable, V12-powered grand tourer, an Aston Martin DB7 Vantage is a compelling choice. However, if the allure of the Ferrari badge, the sensational V8 soundtrack, and the mid-engine dynamics are non-negotiable, the 360 remains a desirable, albeit high-maintenance, option.
Performance: The 360's 400-hp V8 and sublime exhaust note are intoxicating. The 911 Carrera and S offered strong performance, often with more usable all-wheel-drive traction. The early Gallardo provided a similar mid-engine, V10-powered punch, while the DB7 Vantage offered a more relaxed yet potent grand touring experience with its V12.
Features: The 360's interior was driver-focused, with leather and classic Ferrari design. The 911 offered a more practical and technologically advanced interior for its time. The Gallardo was similarly exotic, and the DB7 leaned towards luxury. Tech in the 360 was basic, with the 911 generally having an edge.
Reliability: This is where the 360 often falls short. The Porsche 911 (996) had its own known issues (IMS bearing), but many considered it more robust overall with lower running costs. The Gallardo, being newer and based on Audi components, might offer slightly better mechanical reliability in some aspects. Aston Martins can also be costly to maintain. The Ferrari's sticky dashboards, F1 transmission complexities, and expensive major services are significant drawbacks.
Price: The 360 was priced similarly to comparable 911 Turbo or S models and the early Gallardo. The DB7 Vantage was often in a similar or slightly higher bracket when new. Today, the 360 offers a more accessible entry into V8 Ferrari ownership than some of its predecessors or successors.
Recommendations: For a more reliable and potentially more practical daily driver with exceptional performance, a well-maintained Porsche 911 Carrera S (996) or Turbo (996) is an excellent alternative. If raw exotic looks and a V10 are paramount and budget is less of a concern for maintenance, an early Lamborghini Gallardo could be considered. For a more comfortable, V12-powered grand tourer, an Aston Martin DB7 Vantage is a compelling choice. However, if the allure of the Ferrari badge, the sensational V8 soundtrack, and the mid-engine dynamics are non-negotiable, the 360 remains a desirable, albeit high-maintenance, option.
Final Verdict: Is the 2003 Ferrari 360 a Good Convertible?
The 2003 Ferrari 360 is ideal for the passionate enthusiast who prioritizes exotic looks, a thrilling V8 soundtrack, and a mid-engine driving experience over absolute reliability and low running costs. It is worth buying for those who understand and can afford the significant financial commitment required for its maintenance and potential repairs. This car is best purchased used, as its initial depreciation has already occurred. Specific trims like the Challenge Stradale offer a more focused, rewarding driving experience but come at a premium and may have been driven harder. A manual transmission is often preferred by enthusiasts for its engagement and potentially simpler long-term maintenance compared to the F1 gearbox. Thorough pre-purchase inspection by a Ferrari specialist is paramount for any potential buyer.
Eugene S
Eugene is an automotive enthusiast with over 15 years of experience in the used car market. As a writer at VINCheck.info, he brings deep industry insight and a passion for cars, helping readers make smart, informed decisions. Eugene has written hundreds of used car reviews and is known for breaking down complex automotive topics into clear, actionable advice. Over the years, he has driven and worked on a wide range of vehicles—starting with tuning street cars in his early days and eventually focusing on performance upgrades and reliability improvements. Today, he specializes in evaluating used vehicles through the lens of real-world ownership and enthusiast needs. A longtime fan of Porsche, Eugene especially appreciates vehicles that blend durability with driving enjoyment.