The 2003 Ferrari 360 Modena is a mid-engine V8-powered sports car produced from 1999 to 2004. Available as a coupe and a spider convertible, it succeeded the F355 and was followed by the F430. Key trims include the standard Modena and the higher-performance Challenge Stradale. Its popularity stems from its stunning Pininfarina design, exhilarating performance, and the iconic Ferrari driving experience, making it a highly sought-after supercar of its era. New prices ranged from approximately $150,000-$200,000.
The Good
The 2003 Ferrari 360 Modena offers breathtaking performance and an emotional connection with its sonorous V8 engine and sharp handling. For practical buyers, its relatively reliable powertrain (compared to some predecessors) and surprisingly usable comfort make it a more accessible exotic.
The Bad
Common weaknesses for the 2003 Ferrari 360 Modena include potential costly clutch wear on manual transmissions, sticky dashboard materials, and aging electronic components. Regular maintenance is crucial, and pre-purchase inspections are highly recommended to identify potential issues.
2003 Ferrari 360 Modena: Quick Overview
- Engine Options: Naturally aspirated 3.6-liter V8
- Horsepower: 400 hp @ 8,500 rpm
- Torque: 275 lb-ft @ 4,750 rpm
- Fuel Economy: Estimated 10-12 MPG city / 15-17 MPG highway (EPA estimates vary by transmission and driving style)
- 0-60 Times: Approximately 4.0-4.2 seconds (depending on transmission: manual vs. F1 paddle-shift)
- Towing Capacity: Not applicable
- Transmission Options: 6-speed manual or 6-speed F1 (Formula One) electro-hydraulic automated manual transmission.
- Trim-Level Features (Standard Modena):
- Leather interior
- Power windows and locks
- Air conditioning
- AM/FM stereo with CD player
- Xenon headlights
- 18-inch alloy wheels
- Rear-wheel drive
- Limited-slip differential
- Hydraulic power steering
- Independent suspension
- Traction control
- Key Optional/Performance Features (Challenge Stradale):
- Stiffer suspension tuning
- Lightweight forged wheels
- Carbon-ceramic brakes (later models and option)
- Alcantara interior trim
- Stiffer chassis bracing
- Stiffer engine mounts
- More aggressive aerodynamic enhancements
- Exclusive color options
- Racing seats
2003 Ferrari 360 Modena 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 | 3.6L V8 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 |
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What Problems Does the 2003 Ferrari 360 Modena Have?
The 2003 Ferrari 360 Modena, while generally more reliable than its predecessors like the F355, still presents some common issues that owners should be aware of. One of the most frequently reported concerns, particularly with the F1 transmission, is the lifespan and potential failure of the clutch actuator and pump. While not a recall in the traditional sense, these are known wear items that can be costly to repair, often requiring significant labor. Manual transmission clutches also have a limited lifespan and can be expensive to replace, especially if driven aggressively. Another prevalent issue is the degradation of the dashboard and door panel materials, which can become sticky and peel over time due to environmental factors and material composition. This is a common trait across many Ferraris of this era. For model year 2003 specifically, there aren't major widespread recalls that stand out, but attention should always be paid to the exhaust system, which can develop leaks, and the cooling system, as with any high-performance vehicle. Owners should also be vigilant about potential oil leaks from the engine's dry-sump lubrication system. Long-term reliability hinges heavily on diligent maintenance. Skipping recommended services, especially the major belts and fluid changes, can lead to significantly more expensive repairs down the line. The infrequent use of these vehicles can also sometimes lead to fuel system issues or battery drain if not properly maintained on a trickle charger. Overall, while not prone to catastrophic failures like some older exotics, the 360 Modena demands meticulous care and owners must budget for potentially high-end maintenance and repair costs.
How long will the 2003 Ferrari 360 Modena last?
The 2003 Ferrari 360 Modena, given its exotic nature, typically sees lower average mileage compared to mainstream vehicles, often ranging from 10,000 to 20,000 miles per decade of ownership. Well-maintained examples can reliably reach 80,000 to 100,000 miles or more. The core V8 engine is known for its durability if properly serviced, especially with regular belt replacements and oil changes. However, long-term weaknesses tend to manifest in the ancillary systems. The F1 transmission's clutch and actuator, as well as the aforementioned interior materials, are common points of wear. The chassis and suspension components are generally robust but can require attention over time. Overall durability is excellent when consistent, high-quality maintenance is performed; neglected cars will show accelerated wear and increased repair needs.
What Technology & Safety Features are Included?
The 2003 Ferrari 360 Modena, being a product of its time, prioritizes driving dynamics over cutting-edge technology. The built-in tech is relatively basic by today's standards. The entertainment system typically consists of an AM/FM radio with a CD player, often with a modest speaker setup. Connectivity options like Bluetooth or USB ports are generally absent. The navigation system, if equipped as an option, would be an older, screen-based unit that is now largely obsolete. Driver-assistance features are minimal; the most prominent is the traction control system (often referred to as ASR, Anti-Slip Regulation), which helps manage wheelspin. ABS (Anti-lock Braking System) is standard, providing crucial stopping power. There are no advanced driver-assistance systems like adaptive cruise control, lane keeping assist, or blind-spot monitoring. Safety features primarily consist of airbags for the driver and front passenger, seatbelt pretensioners, and the inherent safety structure of the aluminum chassis. Crash-test ratings for exotic cars like the 360 Modena are not typically performed or published by organizations like the NHTSA or IIHS in the same way they are for mass-produced vehicles, as their low production numbers and specialized design make such testing impractical. The focus is on the car's inherent safety design, including its mid-engine layout which offers some crumple zones. Optional features might have included a more premium sound system or Xenon headlights for improved visibility. The overall tech and safety suite is a testament to the era, emphasizing raw performance and driver engagement above all else.
What Colors Options are Available?
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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 Modena Prices and Market Value
When new, the 2003 Ferrari 360 Modena typically ranged from approximately $150,000 to $200,000, depending on options and transmission choice (F1 being slightly more expensive). Currently, used market prices for a 2003 360 Modena vary significantly based on mileage, condition, service history, and transmission type. Expect prices to range from $70,000 to $120,000+. Manual transmission examples often command a premium. The 360 Modena has largely completed its steep depreciation curve and is now entering a phase where well-maintained examples may hold their value or even appreciate slowly. Factors affecting resale value include a comprehensive service history, low mileage, the desirability of a manual gearbox, and the absence of major mechanical or cosmetic issues. The Challenge Stradale variant consistently fetches higher prices due to its enhanced performance and rarity.
2003 Ferrari 360 Modena Cost of Ownership
Owning a 2003 Ferrari 360 Modena is undeniably costly. Insurance premiums will be significantly higher than for a standard vehicle due to its value, performance, and exotic status. Fuel consumption is high, with its V8 engine demanding premium fuel, resulting in a substantial ongoing expense. Maintenance is a major factor; scheduled services, especially the major belt service, are expensive, often costing thousands. Repairs, particularly for specialized components or the F1 transmission, can be astronomically high. Long-term ownership costs are substantial, making the 360 Modena a costly vehicle to own and maintain, far from economical.
2003 Ferrari 360 Modena Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
25.10 gallons
City Mileage
10 miles/gallon
Highway Mileage
16 miles/gallon
2003 Ferrari 360 Modena Safety Rating
NHTSA
IIHS
2003 Ferrari 360 Modena 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 Modena Insurance
Insurance for a 2003 Ferrari 360 Modena 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 Modena Compare to Other Convertible?
The 2003 Ferrari 360 Modena competed in a rarefied segment against such as the Porsche 911 (996 generation GT3 or Turbo), Lamborghini Gallardo (early models), and Aston Martin DB7 Vantage. In terms of performance, the 360 Modena offered a potent V8 soundtrack and a thrilling driving experience, though the early Gallardo often had a slight edge in raw power and acceleration. The Porsche 911 GT3 was more track-focused with razor-sharp handling, while the 911 Turbo offered blistering all-wheel-drive acceleration. Features in the 360 Modena were functional but lacked the advanced technology found in some competitors. Reliability was a mixed bag; Ferraris of this era could be finicky, and maintenance costs were exceptionally high, often exceeding those of Porsche or Aston Martin. The 911 generally held a reputation for better long-term reliability and lower running costs. Price-wise, the 360 Modena sat in a competitive but premium bracket.
Alternatives to consider:
Alternatives to consider:
- Porsche 911 (996 GT3/Turbo): For a more reliable and potentially more track-capable (GT3) or all-weather performer (Turbo) with lower running costs, the 996 generation 911 is a strong contender.
- Lamborghini Gallardo (early): If raw power and a more aggressive exotic presence are desired, the first-generation Gallardo offers similar performance with a distinctive Italian flair, though early models can also be expensive to maintain.
- Aston Martin DB7 Vantage: For a more luxurious grand tourer with a potent V12 engine, the DB7 Vantage provides a different kind of exotic experience, prioritizing comfort and style over outright track performance.
Final Verdict: Is the 2003 Ferrari 360 Modena a Good Convertible?
The 2003 Ferrari 360 Modena is ideal for the passionate automotive enthusiast who prioritizes the iconic Ferrari experience – the brand prestige, the exhilarating V8 sound, and the exquisite Pininfarina styling – over absolute long-term reliability and low running costs. It is worth buying for those who can comfortably afford the significant maintenance and repair bills, and who plan to use it as a weekend or fair-weather car rather than a daily driver. Buying used is the only practical option now. A manual transmission is often preferred by purists and can hold value better. Thorough pre-purchase inspection by a Ferrari specialist is paramount. For buyers seeking a more bulletproof exotic with slightly lower ownership costs, alternatives like a Porsche 911 might be more suitable. The 360 Modena is a true Ferrari that delivers an emotional connection, but it demands a committed and financially capable owner.
Jovan
Jovan specializes in interpreting vehicle records and making sense of VIN data. With over 10 years of experience in the automotive data industry, his work ensures that every report is clear, accurate, and useful for car buyers.