The 1997 Ferrari F355 is a quintessential mid-engine, rear-wheel-drive sports car produced from 1994 to 1999. It came in Berlinetta (coupe), GTS (targa), and Spider (convertible) body styles. Powering this icon is a naturally aspirated 3.5-liter V8 engine. New pricing was around $120,000-$130,000, while current used market prices range significantly, often exceeding $100,000. It's immensely popular for its stunning Pininfarina design, exhilarating high-revving V8, and the introduction of Ferrari's F1 electro-hydraulic transmission, offering a captivating analog driving experience.
The Good
The F355 boasts incredible performance with its potent V8 and superb handling, appealing to emotional buyers seeking thrill. Its timeless Pininfarina design is a major draw. For practical buyers, its increasing classic status means strong investment potential and value retention. While not efficient or "reliable" in a modern sense, its mechanical purity and driver engagement are unparalleled.
The Bad
Key weaknesses include very high maintenance costs, particularly the engine-out belt service. Cracked exhaust manifolds, sticky interior plastics, and potential issues with the F1 transmission are common. Valve guide wear is another expensive concern. Prospective owners must budget substantially for ongoing care and unexpected repairs.
1997 Ferrari F355: Quick Overview
- Engine: The 1997 Ferrari F355 features a single engine option across all trims: a 3.5-liter (3495 cc) naturally aspirated F129B V8 engine. This engine is renowned for its 5 valves per cylinder (three intake, two exhaust), a technology derived from Ferrari's F1 racing program, which allows for exceptional breathing and high-revving performance.
- Horsepower: The 3.5L V8 engine produces a robust 375 horsepower (280 kW) at a screaming 8,250 rpm. Torque output stands at 268 lb-ft (363 Nm) at 6,000 rpm, delivering a thrilling power band that encourages drivers to push the rev limit.
- Fuel Economy: Given its performance focus, fuel economy is not a strong suit. Expect around 12-15 miles per gallon (MPG) combined. Exact EPA figures are scarce for these low-volume exotics, but real-world driving will yield low teens, especially with spirited driving. Premium fuel is, of course, required.
- 0-60 Times: The F355 is a quick performer for its era. 0-60 mph acceleration times are typically in the range of 4.7-4.9 seconds, depending on the transmission (manual vs. F1) and specific conditions. Top speed is rated at approximately 183 mph (295 km/h).
- Towing Capacity: The Ferrari F355 has no towing capacity and is not designed or rated for towing.
- Trim-Level Features: The 1997 F355 was offered in three primary body styles, each with largely consistent mechanicals and interior features, but varying in the roof configuration:
- Berlinetta (Coupe): The classic fixed-roof coupe, offering the stiffest chassis. Standard features include full leather interior, air conditioning, power windows, power locks, and a basic AM/FM stereo system (often upgraded by owners).
- GTS (Targa): Features a removable hardtop roof panel, allowing for an open-air experience while maintaining much of the coupe's structural rigidity. Interior features mirror the Berlinetta.
- Spider (Convertible): A full soft-top convertible, offering the ultimate open-air driving experience. This variant typically came with a power-operated soft top. Interior features remain consistent with the other trims.
1997 Ferrari F355 Specifications
Vehicle Information
| Year | 1997 |
| Make | Ferrari |
| Model | F355 |
| Trim | - |
| Style | - |
| Type | Coupe |
| Category | Compact Car |
Manufacturing Details
| Made In | Italy |
| Manufacturing City | MARANELLO |
Dimensions
| Doors | 2-Door |
| Curb Weight | 2976 pounds |
| Gross Vehicle Weight Rating | - |
| Overall Height | 46.10 inches |
| Overall Length | 167.30 inches |
| Overall Width | 74.80 inches |
| Wheelbase Length | 96.50 inches |
| Standard Seating | 2 |
Engine & Performance
| Engine | 3.5L V8 |
| Engine Size | 3.5L |
| Engine Cylinders | 8 |
| Transmission | 6-Speed Manual |
| Transmission Type | Manual |
| 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) | $116,750 |
| Invoice Price | - |
| Delivery Charges | - |
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What Problems Does the 1997 Ferrari F355 Have?
The 1997 Ferrari F355, while celebrated, comes with a list of frequently reported problems and significant long-term reliability concerns, largely due to its exotic nature and the high-performance components involved. The most infamous is the "engine-out" belt service. The timing belts require replacement every 3-5 years or 30,000 miles, a procedure that mandates removing the engine from the car, leading to labor costs often in the $8,000-$15,000 range. This is a critical maintenance item that, if neglected, can lead to catastrophic engine failure.
Another pervasive issue is the cracking of exhaust manifolds. The OEM manifolds are prone to cracking due to heat stress, requiring expensive replacements with either updated factory parts or aftermarket alternatives. Failure to address this can lead to exhaust leaks and potential damage to other engine components.
Sticky interior plastics are a common cosmetic and tactile nuisance. Over time, the soft-touch coatings on dashboard buttons, vents, and other interior trim pieces degrade into a gooey, sticky residue. Restoration is possible but involves labor-intensive cleaning and re-coating.
The F1 electro-hydraulic transmission, introduced in the F355 (specifically the 1997 model year onwards), can be a source of problems. Issues range from actuator failures, hydraulic pump malfunctions, fluid leaks, and various sensor issues, all leading to expensive repairs. While exhilarating when working, it adds a layer of complexity and potential unreliability compared to the traditional manual.
Other common concerns include worn suspension bushings, leading to compromised handling and increased road noise. Fuel pump failures, often due to aging components, are also known. Electrical gremlins can manifest in malfunctioning power windows, central locking systems, and dashboard warning lights. While less common on earlier F355s, valve guide wear (leading to increased oil consumption and potential engine damage) became a more prominent concern on later F355s and early 360 models, though '97 owners should still be mindful of regular compression and leakdown tests.
Recalls for the F355 have been few and generally minor. For example, some early F355s had a recall for potential fuel line chafing and another for an airbag issue, but no widespread safety recalls that impact the '97 model as significantly as the known mechanical frailties. Long-term durability is heavily dependent on diligent, expensive, and specialized maintenance.
Another pervasive issue is the cracking of exhaust manifolds. The OEM manifolds are prone to cracking due to heat stress, requiring expensive replacements with either updated factory parts or aftermarket alternatives. Failure to address this can lead to exhaust leaks and potential damage to other engine components.
Sticky interior plastics are a common cosmetic and tactile nuisance. Over time, the soft-touch coatings on dashboard buttons, vents, and other interior trim pieces degrade into a gooey, sticky residue. Restoration is possible but involves labor-intensive cleaning and re-coating.
The F1 electro-hydraulic transmission, introduced in the F355 (specifically the 1997 model year onwards), can be a source of problems. Issues range from actuator failures, hydraulic pump malfunctions, fluid leaks, and various sensor issues, all leading to expensive repairs. While exhilarating when working, it adds a layer of complexity and potential unreliability compared to the traditional manual.
Other common concerns include worn suspension bushings, leading to compromised handling and increased road noise. Fuel pump failures, often due to aging components, are also known. Electrical gremlins can manifest in malfunctioning power windows, central locking systems, and dashboard warning lights. While less common on earlier F355s, valve guide wear (leading to increased oil consumption and potential engine damage) became a more prominent concern on later F355s and early 360 models, though '97 owners should still be mindful of regular compression and leakdown tests.
Recalls for the F355 have been few and generally minor. For example, some early F355s had a recall for potential fuel line chafing and another for an airbag issue, but no widespread safety recalls that impact the '97 model as significantly as the known mechanical frailties. Long-term durability is heavily dependent on diligent, expensive, and specialized maintenance.
How long will the 1997 Ferrari F355 last?
The average mileage for a 1997 Ferrari F355 is typically low, often ranging from 15,000 to 40,000 miles over its lifespan, reflecting its status as a collector's item rather than a daily driver. Some cars show higher mileage, indicating they were enjoyed more frequently, which can actually be beneficial for the engine seals and overall health. Years of service are extensive, as many are meticulously preserved. Long-term durability is directly correlated with consistent, preventative maintenance, especially the crucial engine-out belt services. Neglect accelerates wear on critical components, particularly rubber hoses, gaskets, and plastic parts which degrade over time regardless of mileage. Weaknesses over time include cracking exhaust manifolds, sticky interior plastics, and aging F1 transmission components. The engine itself is robust if well-maintained, but expensive parts and labor are a constant factor in its long-term viability.
What Technology & Safety Features are Included?
The 1997 Ferrari F355 embodies a period where the driving experience, not advanced technology, was paramount. As such, built-in tech and driver-assistance features are extremely sparse compared to modern vehicles.
Built-in Tech: The most significant piece of "tech" for the F355 was the introduction of the F1 electro-hydraulic sequential manual transmission in 1997, offering gear changes via paddle shifters mounted behind the steering wheel. This was revolutionary for its time, providing faster shifts than a traditional manual. Beyond that, the vehicle featured basic instrumentation: analog gauges for speed, RPM, oil pressure, oil temperature, water temperature, and fuel level. There were no advanced digital displays, navigation systems, or complex onboard computers.
Entertainment: The standard entertainment system was a rudimentary AM/FM radio with a cassette player, sometimes with an optional CD player. These units were basic, and many owners have since upgraded them with aftermarket head units to include more modern features like Bluetooth connectivity. The primary "entertainment" for an F355 owner comes from the glorious sound of the 3.5L V8 engine at high revs, not the stereo.
Driver-Assistance Features: Absolutely none. The F355 was designed to be a pure, analog driving machine where the driver was solely responsible for controlling the vehicle. There were no stability control, traction control (though ABS was present), lane-keeping assist, adaptive cruise control, or parking sensors.
Safety Features: Safety features were limited but standard for a high-performance vehicle of its era. This included anti-lock braking system (ABS) for improved stopping power and dual front airbags for both the driver and passenger. The strong chassis and stiff body structure also offered a degree of passive safety. However, modern safety standards like side airbags or advanced crumple zones were not present.
Optional Features: While the core mechanical and "tech" package was largely fixed, optional features primarily focused on aesthetics and comfort. These included different wheel designs, 'Daytona' style seats (often with contrasting piping), Scuderia Ferrari fender shields, colored brake calipers, and custom luggage sets. The choice between a traditional 6-speed manual gearbox and the F1 transmission was also a key option.
Crash-Test Ratings: Independent crash-test ratings (e.g., from NHTSA or IIHS) were not conducted for low-volume, high-end exotic sports cars like the Ferrari F355. Such vehicles are exempt from many mass-market testing protocols, and manufacturers typically do not submit them for public evaluation. Therefore, no official crash-test ratings are available.
Built-in Tech: The most significant piece of "tech" for the F355 was the introduction of the F1 electro-hydraulic sequential manual transmission in 1997, offering gear changes via paddle shifters mounted behind the steering wheel. This was revolutionary for its time, providing faster shifts than a traditional manual. Beyond that, the vehicle featured basic instrumentation: analog gauges for speed, RPM, oil pressure, oil temperature, water temperature, and fuel level. There were no advanced digital displays, navigation systems, or complex onboard computers.
Entertainment: The standard entertainment system was a rudimentary AM/FM radio with a cassette player, sometimes with an optional CD player. These units were basic, and many owners have since upgraded them with aftermarket head units to include more modern features like Bluetooth connectivity. The primary "entertainment" for an F355 owner comes from the glorious sound of the 3.5L V8 engine at high revs, not the stereo.
Driver-Assistance Features: Absolutely none. The F355 was designed to be a pure, analog driving machine where the driver was solely responsible for controlling the vehicle. There were no stability control, traction control (though ABS was present), lane-keeping assist, adaptive cruise control, or parking sensors.
Safety Features: Safety features were limited but standard for a high-performance vehicle of its era. This included anti-lock braking system (ABS) for improved stopping power and dual front airbags for both the driver and passenger. The strong chassis and stiff body structure also offered a degree of passive safety. However, modern safety standards like side airbags or advanced crumple zones were not present.
Optional Features: While the core mechanical and "tech" package was largely fixed, optional features primarily focused on aesthetics and comfort. These included different wheel designs, 'Daytona' style seats (often with contrasting piping), Scuderia Ferrari fender shields, colored brake calipers, and custom luggage sets. The choice between a traditional 6-speed manual gearbox and the F1 transmission was also a key option.
Crash-Test Ratings: Independent crash-test ratings (e.g., from NHTSA or IIHS) were not conducted for low-volume, high-end exotic sports cars like the Ferrari F355. Such vehicles are exempt from many mass-market testing protocols, and manufacturers typically do not submit them for public evaluation. Therefore, no official crash-test ratings are available.
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.
1997 Ferrari F355 Prices and Market Value
When new in 1997, the Ferrari F355 typically retailed for approximately $120,000 to $130,000 USD, depending on options and body style. Like most new cars, it experienced significant initial depreciation over its first decade, often falling to $60,000-$80,000. However, the F355 has since become a highly sought-after modern classic, with values appreciating considerably in the last decade. Current used market prices for a well-maintained 1997 F355 can range from $100,000 to over $150,000, with exceptional examples fetching even more.
Factors heavily affecting resale value include the transmission type (manuals typically command a premium), documented service history (especially the engine-out belt service), overall condition, mileage, and color combination. A clean CarFax, no accident history, and a pre-purchase inspection from a Ferrari specialist are crucial for maximizing value and securing a good purchase.
Factors heavily affecting resale value include the transmission type (manuals typically command a premium), documented service history (especially the engine-out belt service), overall condition, mileage, and color combination. A clean CarFax, no accident history, and a pre-purchase inspection from a Ferrari specialist are crucial for maximizing value and securing a good purchase.
1997 Ferrari F355 Cost of Ownership
Owning a 1997 Ferrari F355 is an unequivocally costly endeavor. Insurance premiums are exceptionally high, reflecting the car's value, performance, and expensive parts. Fuel costs are significant due to its low 12-15 MPG and requirement for premium unleaded. Maintenance is exorbitant; annual services can run $1,500-$3,000, and the mandatory engine-out timing belt service every 3-5 years often costs $8,000-$15,000. Repairs for common issues like exhaust manifolds or F1 transmission components are equally expensive, driven by specialized labor rates and proprietary parts. This vehicle is certainly not economical; it demands a substantial, continuous financial commitment to maintain its condition and performance.
1997 Ferrari F355 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
21.70 gallons
City Mileage
10 miles/gallon
Highway Mileage
15 miles/gallon
1997 Ferrari F355 Warranty
Basic
Original warranty
0 months / No data
Estimated remaining
Expired
Powertrain
Original warranty
0 months / No data
Estimated remaining
Expired
Rust
Original warranty
0 months / No data
Estimated remaining
Expired
1997 Ferrari F355 Insurance
Insurance for a 1997 Ferrari F355 is moderately priced, reflecting its status as a Coupe with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 1997 Ferrari F355 Compare to Other Coupe?
The 1997 Ferrari F355 occupies a unique space, blending exotic allure with accessible (for a Ferrari) performance. Its key rivals from the era include the Porsche 911 (993 generation), Honda NSX, and to a lesser extent, the Aston Martin DB7.
Performance: The F355, with its 375 hp 3.5L V8, offers thrilling acceleration (0-60 in under 5 seconds) and an intoxicating engine sound. A contemporary Porsche 993 Carrera (282 hp) was slower, but a 993 Turbo (400-450 hp) was significantly faster. The Honda NSX (290 hp 3.2L V6) was less powerful but renowned for its precision. The Aston Martin DB7 (335 hp 3.2L I6 supercharged) offered grand touring comfort over outright sportiness.
Features: All these cars were relatively basic in terms of "tech" compared to modern vehicles. The F355 offered ABS and optional F1 transmission. The 993 featured advanced airbags and often more creature comforts. The NSX was lauded for its ergonomic and user-friendly cabin. The DB7 was luxuriously appointed. None had modern driver-assistance systems.
Reliability: This is where the F355 notably falters against its rivals. Its notorious engine-out belt service, propensity for cracked exhaust manifolds, and sticky interior plastics make it a high-maintenance proposition. The Honda NSX is legendary for its Toyota-esque reliability and low running costs. The Porsche 993 is also considered robust and relatively inexpensive to maintain by sports car standards. The DB7, while British, shared some Ford components, improving parts availability but still having its own quirks.
Price: When new, the F355 was among the most expensive. Today, used prices for a well-maintained F355 often exceed $100,000, with manual examples commanding premiums. Porsche 993 Turbos can be similarly priced or higher, while Carrera variants are generally less. The Honda NSX, though appreciating, remains significantly more affordable than the Ferrari, often in the $60,000-$100,000 range. The Aston Martin DB7 can be found for surprisingly low prices, but future maintenance could be a concern.
Alternatives:
Performance: The F355, with its 375 hp 3.5L V8, offers thrilling acceleration (0-60 in under 5 seconds) and an intoxicating engine sound. A contemporary Porsche 993 Carrera (282 hp) was slower, but a 993 Turbo (400-450 hp) was significantly faster. The Honda NSX (290 hp 3.2L V6) was less powerful but renowned for its precision. The Aston Martin DB7 (335 hp 3.2L I6 supercharged) offered grand touring comfort over outright sportiness.
Features: All these cars were relatively basic in terms of "tech" compared to modern vehicles. The F355 offered ABS and optional F1 transmission. The 993 featured advanced airbags and often more creature comforts. The NSX was lauded for its ergonomic and user-friendly cabin. The DB7 was luxuriously appointed. None had modern driver-assistance systems.
Reliability: This is where the F355 notably falters against its rivals. Its notorious engine-out belt service, propensity for cracked exhaust manifolds, and sticky interior plastics make it a high-maintenance proposition. The Honda NSX is legendary for its Toyota-esque reliability and low running costs. The Porsche 993 is also considered robust and relatively inexpensive to maintain by sports car standards. The DB7, while British, shared some Ford components, improving parts availability but still having its own quirks.
Price: When new, the F355 was among the most expensive. Today, used prices for a well-maintained F355 often exceed $100,000, with manual examples commanding premiums. Porsche 993 Turbos can be similarly priced or higher, while Carrera variants are generally less. The Honda NSX, though appreciating, remains significantly more affordable than the Ferrari, often in the $60,000-$100,000 range. The Aston Martin DB7 can be found for surprisingly low prices, but future maintenance could be a concern.
Alternatives:
- For better reliability and daily usability: A Porsche 993 (Carrera or Carrera S) offers a different, more practical, but still engaging driving experience with lower running costs. The Honda NSX provides superb reliability, Japanese build quality, and a fantastic mid-engine platform, albeit with less outright power and exotic flair.
- For similar exotic flair (but different character): A Maserati 3200 GT or 4200 GT could offer Italian style for less money, but they come with their own set of maintenance challenges.
- For raw performance (and higher budget): A Porsche 993 Turbo would provide significantly more speed and arguably better long-term reliability than the F355, but at a similar or higher price point.
Final Verdict: Is the 1997 Ferrari F355 a Good Coupe?
The 1997 Ferrari F355 is ideal for the passionate enthusiast or collector who deeply appreciates iconic Italian design, an exhilarating high-revving V8 engine, and a raw, analog driving experience. It's for someone who views car ownership as a hobby and is prepared for significant financial commitment.
Is it worth buying? Absolutely, if you enter ownership with realistic expectations regarding costs and maintenance. Its values have appreciated, making it a potential investment. Buying a used example is the only option, but scrutinize its history. Look for a car with a comprehensive service record, particularly proof of recent engine-out belt services, which can save tens of thousands immediately after purchase. A manual transmission F355 often commands a premium and offers a more engaging experience. A pre-purchase inspection (PPI) by a Ferrari specialist is non-negotiable. This is not a daily driver; it's a weekend warrior or show car, best enjoyed and maintained meticulously to preserve its legend.
Is it worth buying? Absolutely, if you enter ownership with realistic expectations regarding costs and maintenance. Its values have appreciated, making it a potential investment. Buying a used example is the only option, but scrutinize its history. Look for a car with a comprehensive service record, particularly proof of recent engine-out belt services, which can save tens of thousands immediately after purchase. A manual transmission F355 often commands a premium and offers a more engaging experience. A pre-purchase inspection (PPI) by a Ferrari specialist is non-negotiable. This is not a daily driver; it's a weekend warrior or show car, best enjoyed and maintained meticulously to preserve its legend.
Drew B
Drew is a seasoned automotive expert and contributor to VinCheck.info. With nearly 15 years of experience as a former Porsche technician, he brings a wealth of hands-on knowledge to his writing. Born in North Carolina, a region renowned for its deep-rooted NASCAR culture, Drew developed a passion for cars early in life, often building and working on vehicles from a young age. At VINCheck, Drew leverages his extensive technical background to provide in-depth analyses of various vehicles. His articles often focus on engine performance, reliability, and maintenance insights, offering readers practical information grounded in real-world experience. Some of his notable contributions include reviews on the Mazda CX-5's longevity and detailed examinations of engine options for models like the 2011 Toyota Camry and Tacoma