The 1999 Ferrari F355 represents the final year of a pivotal model produced from 1994 to 1999. Available as a Berlinetta (coupe), GTS (targa), and Spider (convertible), its "355" designation refers to its 3.5-liter engine with 5 valves per cylinder. It stood out for its stunning Pininfarina design, the glorious sound of its high-revving V8, and its introduction of Ferrari's F1 paddle-shift transmission, making it a highly desirable modern classic. New prices were typically in the low $100,000s, while current market values vary widely, often ranging from $80,000 to over $150,000 depending on condition and transmission.
The Good
The Ferrari F355 offers exhilarating performance with its screaming V8 engine and precise handling, satisfying the most emotional drivers. Its timeless Pininfarina design provides undeniable curb appeal. For more practical buyers, it holds strong classic car value potential, offering a tangible asset. While not known for efficiency or modern comfort, its mechanical directness and iconic status are powerful advantages.
The Bad
Known weaknesses for the F355 include notorious "sticky button" interiors, cracking exhaust manifolds, and costly engine-out major services for timing belts. The early F1 transmission can be temperamental, and general electrical issues are not uncommon. These factors contribute to high maintenance and repair costs, requiring diligent inspection before purchase.
1999 Ferrari F355: Quick Overview
- Engine: The 1999 Ferrari F355 features a single engine option across all trims: a 3.5-liter (3496 cc) DOHC 40-valve (5 valves per cylinder) V8 engine. This naturally aspirated engine is renowned for its high-revving nature, capable of reaching a redline of 8,500 rpm, producing a captivating exhaust note.
- Horsepower: This potent V8 engine produces approximately 375 horsepower (280 kW) at 8,250 rpm in US specifications. European models often quoted slightly higher figures, around 380 hp.
- Torque: Peak torque output is around 268 lb-ft (363 Nm) at 6,000 rpm.
- Transmission: Buyers had a choice of two 6-speed transmissions:
- A traditional 6-speed manual gearbox with a chromed open-gate shifter, highly sought after by purists.
- Ferrari's innovative 6-speed F1 electrohydraulic manual transmission, operated via steering-wheel-mounted paddle shifters, a pioneering technology for its time. - Fuel Economy: Fuel economy is not a strong suit, reflecting its high-performance nature. EPA estimates were generally around 11-12 MPG city and 16-18 MPG highway, varying slightly by transmission. Owners should expect figures closer to the lower end during spirited driving.
- 0-60 mph Time: The F355 boasts impressive acceleration, with 0-60 mph times typically ranging from 4.6 to 4.7 seconds, depending on the transmission and specific test conditions. Its top speed is approximately 183 mph (295 km/h).
- Towing Capacity: The Ferrari F355 is a high-performance sports car and is not designed for towing. Therefore, it has no listed towing capacity.
- Trim-Level Features: The F355 was offered in three primary body styles, effectively acting as its "trims":
- F355 Berlinetta: The classic coupe, offering the stiffest chassis and traditional sports car aesthetics.
- F355 GTS: A targa-top version, featuring a removable hardtop panel for open-air driving while maintaining structural rigidity close to the Berlinetta.
- F355 Spider: A full convertible with an electrically operated soft top, offering the ultimate open-air experience. - Standard features across these variants included leather interior trim, power windows, air conditioning, and a premium sound system (for the era). Optional features typically included different wheel designs, specific interior trim choices, and occasionally, racing seats or unique paint finishes. The F1 transmission was an optional extra.
1999 Ferrari F355 Specifications
Vehicle Information
| Year | 1999 |
| Make | Ferrari |
| Model | F355 |
| Trim | - |
| Style | - |
| Type | Sedan |
| Category | Compact Car |
Manufacturing Details
| Made In | Italy |
| Manufacturing City | MARANELLO |
Dimensions
| Doors | - |
| Curb Weight | - |
| Gross Vehicle Weight Rating | - |
| Overall Height | - |
| Overall Length | - |
| Overall Width | - |
| Wheelbase Length | - |
| Standard Seating | - |
Engine & Performance
| Engine | F 129 C |
| Engine Size | 3.5L |
| Engine Cylinders | 8 |
| Transmission | Automatic |
| Transmission Type | Automatic |
| Transmission Speeds | - |
| Drivetrain | - |
Additional Features
| Anti-Brake System | - |
| Steering Type | - |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | - |
| Invoice Price | - |
| Delivery Charges | - |
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Analysis
Analysis
What Problems Does the 1999 Ferrari F355 Have?
The 1999 Ferrari F355, while a magnificent machine, comes with a list of frequently reported problems and long-term reliability concerns that prospective owners must be aware of. One of the most common cosmetic issues is the dreaded "sticky button" syndrome, where the plastic coatings on interior switches and vents degrade into a tacky, gummy substance. This affects all F355 model years and is a persistent nuisance. More critically, the exhaust manifolds are prone to cracking due to heat stress, potentially leading to exhaust leaks and, in severe cases, engine fires if not addressed promptly. This is a common issue across the F355's production run.
Mechanically, the engine's timing belts require replacement, a service that famously necessitates an engine-out procedure every 3-5 years or 30,000 miles. This labor-intensive task contributes significantly to the F355's high maintenance costs. Early F1 transmissions, particularly in earlier model years, can suffer from hydraulic pump failures, accumulator issues, and sensor problems, leading to inconsistent shifting or complete transmission failure. While the 1999 models had some refinements, the F1 system can still be a source of concern. The manual gearbox is generally more robust, but clutch wear is expected with aggressive driving.
Other common issues include leaky cam seals, which can lead to oil consumption, and radiator and cooling system vulnerabilities that can cause overheating if not properly maintained. Electrical gremlins are also reported, such as malfunctioning power windows, flickering dash lights, and temperamental alarm systems. Suspension components, especially bushings and shocks, wear out over time, affecting handling if not replaced. While specific recalls might have been issued during its lifetime, the F355's long-term reliability often hinges on meticulous maintenance and proactive replacement of known weak points rather than widespread factory defects.
Mechanically, the engine's timing belts require replacement, a service that famously necessitates an engine-out procedure every 3-5 years or 30,000 miles. This labor-intensive task contributes significantly to the F355's high maintenance costs. Early F1 transmissions, particularly in earlier model years, can suffer from hydraulic pump failures, accumulator issues, and sensor problems, leading to inconsistent shifting or complete transmission failure. While the 1999 models had some refinements, the F1 system can still be a source of concern. The manual gearbox is generally more robust, but clutch wear is expected with aggressive driving.
Other common issues include leaky cam seals, which can lead to oil consumption, and radiator and cooling system vulnerabilities that can cause overheating if not properly maintained. Electrical gremlins are also reported, such as malfunctioning power windows, flickering dash lights, and temperamental alarm systems. Suspension components, especially bushings and shocks, wear out over time, affecting handling if not replaced. While specific recalls might have been issued during its lifetime, the F355's long-term reliability often hinges on meticulous maintenance and proactive replacement of known weak points rather than widespread factory defects.
How long will the 1999 Ferrari F355 last?
The 1999 Ferrari F355 typically sees relatively low mileage, with many examples having between 20,000 to 40,000 miles over their two-decade lifespan. High-mileage examples, exceeding 60,000 miles, are rarer but do exist, often indicating a well-maintained car used as intended. Years of service are highly dependent on meticulous maintenance habits. Without proper, regular servicing, the F355's durability can be significantly compromised, leading to premature component failure and costly repairs.
Over time, weaknesses such as cracking exhaust manifolds persist, requiring replacement with upgraded aftermarket units. Rubber components like suspension bushings and engine seals inevitably degrade. Electrical systems can become troublesome with age. The F1 transmission's hydraulic system is a long-term concern. However, with consistent and specialized care, an F355 can offer decades of enjoyable service. Its fundamental engine block and chassis are robust, but all ancillary components require vigilant attention and significant investment to maintain peak condition and avoid major long-term issues.
Over time, weaknesses such as cracking exhaust manifolds persist, requiring replacement with upgraded aftermarket units. Rubber components like suspension bushings and engine seals inevitably degrade. Electrical systems can become troublesome with age. The F1 transmission's hydraulic system is a long-term concern. However, with consistent and specialized care, an F355 can offer decades of enjoyable service. Its fundamental engine block and chassis are robust, but all ancillary components require vigilant attention and significant investment to maintain peak condition and avoid major long-term issues.
What Technology & Safety Features are Included?
The 1999 Ferrari F355, being a product of the late 1990s, offers a relatively minimalist approach to built-in technology compared to modern vehicles. Its primary focus was on driving dynamics and connection rather than digital integration.
Built-in Tech & Entertainment: The cabin featured essential amenities like power windows, power locks, and air conditioning. For entertainment, a basic AM/FM radio with a cassette player was standard, often from brands like Alpine or Becker. Some models might have included an optional CD changer, typically mounted in the front trunk. There was no integrated navigation, Bluetooth connectivity, or advanced infotainment screen; owners often upgrade these systems with aftermarket units if modern conveniences are desired.
Driver-Assistance Features: In terms of driver-assistance, the F355 offered virtually none. Features like adaptive cruise control, lane-keeping assist, or blind-spot monitoring were decades away from being standard in any vehicle, let alone a performance-oriented Ferrari of this era. The driver was expected to be fully in command, relying solely on their senses and driving skill.
Safety Features: Basic safety features included anti-lock brakes (ABS), which was relatively advanced for a performance car at the time. Driver and passenger front airbags were also standard. Traction control was a notable inclusion, especially on later models, helping to manage the engine's power delivery in challenging conditions. The chassis was designed for high rigidity to protect occupants in a collision. However, side airbags, electronic stability control (ESC), or advanced structural crumple zones found in contemporary vehicles were not present.
Optional Features: Beyond the choice of body style (Berlinetta, GTS, Spider) and transmission (manual or F1), optional features were largely cosmetic or comfort-oriented. These included different wheel designs, color-matched brake calipers, various leather upholstery colors and stitching patterns, carbon fiber trim accents, and racing seats. A fire extinguisher was a common optional safety item.
Crash-Test Ratings: It is highly unlikely that the Ferrari F355, like most low-volume, high-performance sports cars of its era, underwent formal crash-test ratings by organizations like NHTSA or IIHS. Such tests were not standard practice for these types of vehicles, and manufacturers typically focused on meeting regulatory safety standards through internal testing rather than public third-party evaluations.
Built-in Tech & Entertainment: The cabin featured essential amenities like power windows, power locks, and air conditioning. For entertainment, a basic AM/FM radio with a cassette player was standard, often from brands like Alpine or Becker. Some models might have included an optional CD changer, typically mounted in the front trunk. There was no integrated navigation, Bluetooth connectivity, or advanced infotainment screen; owners often upgrade these systems with aftermarket units if modern conveniences are desired.
Driver-Assistance Features: In terms of driver-assistance, the F355 offered virtually none. Features like adaptive cruise control, lane-keeping assist, or blind-spot monitoring were decades away from being standard in any vehicle, let alone a performance-oriented Ferrari of this era. The driver was expected to be fully in command, relying solely on their senses and driving skill.
Safety Features: Basic safety features included anti-lock brakes (ABS), which was relatively advanced for a performance car at the time. Driver and passenger front airbags were also standard. Traction control was a notable inclusion, especially on later models, helping to manage the engine's power delivery in challenging conditions. The chassis was designed for high rigidity to protect occupants in a collision. However, side airbags, electronic stability control (ESC), or advanced structural crumple zones found in contemporary vehicles were not present.
Optional Features: Beyond the choice of body style (Berlinetta, GTS, Spider) and transmission (manual or F1), optional features were largely cosmetic or comfort-oriented. These included different wheel designs, color-matched brake calipers, various leather upholstery colors and stitching patterns, carbon fiber trim accents, and racing seats. A fire extinguisher was a common optional safety item.
Crash-Test Ratings: It is highly unlikely that the Ferrari F355, like most low-volume, high-performance sports cars of its era, underwent formal crash-test ratings by organizations like NHTSA or IIHS. Such tests were not standard practice for these types of vehicles, and manufacturers typically focused on meeting regulatory safety standards through internal testing rather than public third-party evaluations.
What Colors Options are Available?
Exterior Colors
Rosso Corsa
Giallo Modena
Nero Daytona
Argento Nurburgring
Blu Tour de France
Interior Colors
Nero
Cuoio
Crema
1999 Ferrari F355 Prices and Market Value
When new, the 1999 Ferrari F355 typically retailed in the low to mid $100,000s, with prices varying based on body style (Berlinetta, GTS, Spider) and optional features like the F1 transmission. For instance, a Berlinetta might start around $120,000, while a Spider could approach $135,000 or more with options. Like many exotic cars, the F355 experienced initial depreciation, dipping into the $60,000-$80,000 range in the 2000s and early 2010s.
However, in recent years, the F355 has seen a significant appreciation, now considered a desirable modern classic. Current used market prices for well-maintained examples generally range from $80,000 to over $150,000, with exceptional, low-mileage, manual-transmission cars fetching higher premiums. Factors heavily affecting resale value include the car's service history (especially proof of engine-out belt service), overall condition, mileage, transmission type (manuals are more valuable), and originality. Strong service records, especially from Ferrari specialists, bolster value significantly.
However, in recent years, the F355 has seen a significant appreciation, now considered a desirable modern classic. Current used market prices for well-maintained examples generally range from $80,000 to over $150,000, with exceptional, low-mileage, manual-transmission cars fetching higher premiums. Factors heavily affecting resale value include the car's service history (especially proof of engine-out belt service), overall condition, mileage, transmission type (manuals are more valuable), and originality. Strong service records, especially from Ferrari specialists, bolster value significantly.
1999 Ferrari F355 Cost of Ownership
Owning a 1999 Ferrari F355 is unequivocally costly. Insurance can be substantial, often requiring specialized classic or exotic car policies due to its value and performance. Fuel consumption is high, requiring premium gasoline, making fuel a significant ongoing expense. Maintenance is perhaps the most daunting cost; routine services are expensive, but the infamous engine-out timing belt replacement (every 3-5 years) can easily run into five figures. Repairs for common issues like exhaust manifolds or F1 transmission components are equally dear, requiring specialized parts and labor.
Long-term ownership necessitates a significant financial commitment beyond the purchase price. This vehicle is certainly not economical; it's a passion purchase that demands a substantial budget for upkeep and repairs to preserve its condition and value.
Long-term ownership necessitates a significant financial commitment beyond the purchase price. This vehicle is certainly not economical; it's a passion purchase that demands a substantial budget for upkeep and repairs to preserve its condition and value.
1999 Ferrari F355 Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
-
City Mileage
-
Highway Mileage
-
1999 Ferrari F355 Insurance
Insurance for a 1999 Ferrari F355 is moderately priced, reflecting its status as a Sedan with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 1999 Ferrari F355 Compare to Other Sedan?
The 1999 Ferrari F355 competed in a fiercely exclusive segment against rivals like the Porsche 911 (996 generation), Lotus Esprit V8, and Aston Martin DB7.
Performance: The F355's 3.5L V8, with 375 hp and a 0-60 mph time of around 4.7 seconds, offered sensational, high-revving performance, a distinct contrast to Porsche's flat-six. The 996-generation Porsche 911 (Carrera/Carrera 4) typically offered 300 hp, with 0-60 mph in the low 5-second range, making it slightly slower but more tractable. The Lotus Esprit V8, with its twin-turbo V8, produced similar power (350 hp) and performance to the F355, while the Aston Martin DB7, with its 335 hp straight-six, was more of a grand tourer.
Features & Tech: The F355 was relatively spartan, focusing on driver engagement. Its groundbreaking F1 transmission was a key "tech" feature. The 911 (996) offered a more modern interior, better ergonomics, and slightly more creature comforts, including optional navigation and Tiptronic automatic. The Esprit was known for its raw, focused approach, while the DB7 emphasized luxury and craftsmanship over cutting-edge tech.
Reliability & Ownership Costs: This is where the F355 often falls behind. Its complex engine-out belt service, exhaust manifold issues, and F1 gearbox concerns translate to notoriously high maintenance and repair costs. The Porsche 911 (996) is generally regarded as significantly more reliable and cheaper to maintain, despite its own "IMS bearing" issues. The Lotus Esprit also has a reputation for challenging maintenance, while the DB7, though luxurious, also carries high specialist servicing costs.
Price: New, all were high-dollar vehicles. On the used market, the F355 has seen significant appreciation, often commanding higher prices than a contemporary 996 911, which depreciated significantly before stabilizing. Esprit V8s can be found for less than F355s, while DB7s have held a relatively steady, albeit lower, value than the Ferrari.
Alternatives:
- Porsche 911 (996): A better alternative for those seeking a more practical, reliable, and significantly cheaper-to-run sports car with excellent performance, albeit with a different driving character and less exotic appeal.
- Ferrari 360 Modena (successor): Offers improved reliability, performance, and a slightly more modern driving experience, though at a higher price point.
- Lotus Esprit V8: A similar alternative for raw, unfiltered performance and exotic looks, but with potentially similar or worse reliability challenges.
Performance: The F355's 3.5L V8, with 375 hp and a 0-60 mph time of around 4.7 seconds, offered sensational, high-revving performance, a distinct contrast to Porsche's flat-six. The 996-generation Porsche 911 (Carrera/Carrera 4) typically offered 300 hp, with 0-60 mph in the low 5-second range, making it slightly slower but more tractable. The Lotus Esprit V8, with its twin-turbo V8, produced similar power (350 hp) and performance to the F355, while the Aston Martin DB7, with its 335 hp straight-six, was more of a grand tourer.
Features & Tech: The F355 was relatively spartan, focusing on driver engagement. Its groundbreaking F1 transmission was a key "tech" feature. The 911 (996) offered a more modern interior, better ergonomics, and slightly more creature comforts, including optional navigation and Tiptronic automatic. The Esprit was known for its raw, focused approach, while the DB7 emphasized luxury and craftsmanship over cutting-edge tech.
Reliability & Ownership Costs: This is where the F355 often falls behind. Its complex engine-out belt service, exhaust manifold issues, and F1 gearbox concerns translate to notoriously high maintenance and repair costs. The Porsche 911 (996) is generally regarded as significantly more reliable and cheaper to maintain, despite its own "IMS bearing" issues. The Lotus Esprit also has a reputation for challenging maintenance, while the DB7, though luxurious, also carries high specialist servicing costs.
Price: New, all were high-dollar vehicles. On the used market, the F355 has seen significant appreciation, often commanding higher prices than a contemporary 996 911, which depreciated significantly before stabilizing. Esprit V8s can be found for less than F355s, while DB7s have held a relatively steady, albeit lower, value than the Ferrari.
Alternatives:
- Porsche 911 (996): A better alternative for those seeking a more practical, reliable, and significantly cheaper-to-run sports car with excellent performance, albeit with a different driving character and less exotic appeal.
- Ferrari 360 Modena (successor): Offers improved reliability, performance, and a slightly more modern driving experience, though at a higher price point.
- Lotus Esprit V8: A similar alternative for raw, unfiltered performance and exotic looks, but with potentially similar or worse reliability challenges.
Final Verdict: Is the 1999 Ferrari F355 a Good Sedan?
The 1999 Ferrari F355 is ideal for the passionate enthusiast with a significant disposable income and a love for analogue driving experiences and classic Italian design. It's for someone who prioritizes emotional connection, an intoxicating V8 soundtrack, and the prestige of the Ferrari badge over modern conveniences, efficiency, or low running costs.
Is it worth buying? Absolutely, if you understand and accept its demands. It's a fantastic investment as a modern classic, especially manual transmission Berlinetta or GTS models. However, it's crucial to buy a used example that has an impeccable, documented service history, ideally with recent engine-out belt service. Avoid "bargain" F355s, as deferred maintenance will quickly erase any initial savings. Seek out cars from reputable Ferrari specialists. It's not a daily driver; rather, it's a weekend warrior or collector's item that will require dedicated care and a healthy contingency fund for its inevitable, albeit rewarding, eccentricities.
Is it worth buying? Absolutely, if you understand and accept its demands. It's a fantastic investment as a modern classic, especially manual transmission Berlinetta or GTS models. However, it's crucial to buy a used example that has an impeccable, documented service history, ideally with recent engine-out belt service. Avoid "bargain" F355s, as deferred maintenance will quickly erase any initial savings. Seek out cars from reputable Ferrari specialists. It's not a daily driver; rather, it's a weekend warrior or collector's item that will require dedicated care and a healthy contingency fund for its inevitable, albeit rewarding, eccentricities.
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