2003 Ferrari F360

27 Bids Winner - Private Buyer
2:37 PM, 20 Jun 2024Vehicle sold
Sold for

£50,677

(inc. Buyer’s Premium)
Winner - Private Buyer
consigner image

Fraser's review

Fraser Jackson - Consignment Specialist Message Fraser

“ Offered with low mileage from new, and presented in an elegant factory colour scheme. ”

This Ferrari 360 Spider is a well-maintained example.

Background

It might be a well-worn cliché that every petrolhead should own a Ferrari at some point in their life but clichés exist for a reason, and this delightfully specified Ferrari 360 Spider would make an ideal introduction to the marque.

Introduced in 1999, the model marked a significant evolution in Ferrari's lineage of mid-engine sports cars. As the successor to the F355, the 360 combined modern engineering with classic Ferrari styling, setting new benchmarks for performance, design, and innovation in the sports car market.

As a modern classic and one of the first Ferraris to embrace technology to control things such as the engine power curve, the F1 gearbox’s shift points, and even the ride, the 360 balances the analogue nature we all love in our classic cars with a level of reliability, performance, and safety that would have been unheard of even a decade before. 

Which makes them a very attractive proposition for the discerning enthusiast who wants to experience an old school supercar but doesn’t want to compromise either their driving pleasure or the car’s everyday usability to get it.

A two-seater, mid-engined, rear-wheel-drive sportscar in the usual style, the 360 of 1999 broke the mould by being the first Ferrari to feature an Alcoa-produced aluminium spaceframe chassis that was 40% stiffer than the steel one of the 355.

It is also 28% lighter, bringing a useful decrease in weight despite being slightly larger than the car it replaced. Designed by Pininfarina, the 360 was first available as a coupé (the Modena) and, two years later, a convertible (the Spider). Both are powered by the same 3.6-litre, 395bhp V8 engine that gives the Ferrari a 0-62mph time of 4.5 seconds and a top speed of just over 180mph.

Very few cars were built with the gated six-speed manual transmission, with most owners preferring to opt for the semi-automatic F1 single-clutch automatically controlled manual gearbox, as you see on the car here.

Designed in collaboration with Pininfarina, the 360 had a focus on aerodynamics, including a flat underbody and rear diffuser, providing superior downforce and stability at high speeds .

The Italian firm built 8,800 Modenas and 7,565 Spiders, plus the track-focused Challenge Stradale. The Ferrari 360 was phased out in 2005, and was supplanted by the F430.

Fun fact: the 360 was the car that got the motoring journalist Chris Harris banned from driving Ferrari press cars. After finding a 360 press car was two seconds faster to 100mph than a supposedly identical customer car, he wrote: “You allow some leeway for ‘factory fresh’ machines, but this thing was ludicrously quick and sounded more like Schumacher's weekend wheels than a street car. 

“Ferrari will never admit that its press cars are tuned, but has the gall to turn up at any of the big European magazines' end-of-year-shindig-tests with two cars. One for straight line work, the other for handling exercises.”

Key Facts


  • Good History
  • Great Bodywork
  • Great Colours

  • ZFFYT53C000131698
  • 44000 miles
  • 3586
  • auto
  • Girgio Alloy
  • Crema
  • Right-hand drive
  • Petrol

Vehicle location
Ringwood, Dorset, United Kingdom

Background

It might be a well-worn cliché that every petrolhead should own a Ferrari at some point in their life but clichés exist for a reason, and this delightfully specified Ferrari 360 Spider would make an ideal introduction to the marque.

Introduced in 1999, the model marked a significant evolution in Ferrari's lineage of mid-engine sports cars. As the successor to the F355, the 360 combined modern engineering with classic Ferrari styling, setting new benchmarks for performance, design, and innovation in the sports car market.

As a modern classic and one of the first Ferraris to embrace technology to control things such as the engine power curve, the F1 gearbox’s shift points, and even the ride, the 360 balances the analogue nature we all love in our classic cars with a level of reliability, performance, and safety that would have been unheard of even a decade before. 

Which makes them a very attractive proposition for the discerning enthusiast who wants to experience an old school supercar but doesn’t want to compromise either their driving pleasure or the car’s everyday usability to get it.

A two-seater, mid-engined, rear-wheel-drive sportscar in the usual style, the 360 of 1999 broke the mould by being the first Ferrari to feature an Alcoa-produced aluminium spaceframe chassis that was 40% stiffer than the steel one of the 355.

It is also 28% lighter, bringing a useful decrease in weight despite being slightly larger than the car it replaced. Designed by Pininfarina, the 360 was first available as a coupé (the Modena) and, two years later, a convertible (the Spider). Both are powered by the same 3.6-litre, 395bhp V8 engine that gives the Ferrari a 0-62mph time of 4.5 seconds and a top speed of just over 180mph.

Very few cars were built with the gated six-speed manual transmission, with most owners preferring to opt for the semi-automatic F1 single-clutch automatically controlled manual gearbox, as you see on the car here.

Designed in collaboration with Pininfarina, the 360 had a focus on aerodynamics, including a flat underbody and rear diffuser, providing superior downforce and stability at high speeds .

The Italian firm built 8,800 Modenas and 7,565 Spiders, plus the track-focused Challenge Stradale. The Ferrari 360 was phased out in 2005, and was supplanted by the F430.

Fun fact: the 360 was the car that got the motoring journalist Chris Harris banned from driving Ferrari press cars. After finding a 360 press car was two seconds faster to 100mph than a supposedly identical customer car, he wrote: “You allow some leeway for ‘factory fresh’ machines, but this thing was ludicrously quick and sounded more like Schumacher's weekend wheels than a street car. 

“Ferrari will never admit that its press cars are tuned, but has the gall to turn up at any of the big European magazines' end-of-year-shindig-tests with two cars. One for straight line work, the other for handling exercises.”

Video

Overview

This Ferrari 360 Spider is a well-maintained example of a lauded open-top supercar, offered with low mileage from new and presented in an elegant factory colour scheme.

It is powered by a 3.6-litre V8, which drives the rear wheels though Ferrari’s automatically controlled F1 paddle shift transmission.

First registered in March 2003, the car has now been owned by the seller for six years, though it has only covered around 2,000 miles during this period.

The car was placed into the hands of the well-known Ferrari specialist Aldous Voice when the vendor moved abroad, where it has been maintained and driven accordingly.

It is now fresh from a recent service and cambelt change at approximately 42,500 miles, and the odometer currently displays just 42,569 miles. It also has a fairly recent MoT certificate, so it’s just waiting to be driven.

Exterior

This convertible 360 Spider comes finished in Grigio Alloy with a dark blue convertible hood and Scuderia wing shields, over a Crema leather-trimmed interior with contrasting dark blue piping and carpets.

It rides on a set of 18-inch five-spoke alloy wheels, framing yellow brake calipers and shod in Pirelli P Zero Direzionale tyres. The wheels have recently been refurbished, and they are now free of any noticeable wear. However, we’d fit a new set of tyres, as the ones on it are showing minor crazing on their sidewalls.

There has been no known bodywork damage, and the Grigio Alloy paintwork is in very good condition, with the only notable age-related blemishes being a minor blister and a few small stone chips on the front bumper, along with one small mark above the centre brake light, and one near one of the roll over protection hoops.

The front undertray looks to have caught a speed bump where it joins the front spoiler, although the damage looks minimal.

What a view there is through the engine compartment lid. Ferrari understand the magic their engines and with the 360 decided to showcase it, rather than cover it. Peer through the glass and there is the stunning looking 3.6-litre V8, with a pair of red, wrinkle-finish plenums. Who needs plastic engine covers?

Interior

Factory equipment includes electrically adjustable seats, electric windows, electric door mirrors and a Ferrari-branded stereo.

As is common in Ferraris of this era, the surfaces of some of the buttons and switches appear to be somewhat sticky, where their rubberised coatings have degraded, however this can be addressed by a number of specialists.

Inside, there are a few marks on the seat bolsters and some light creasing to the handbrake trim, but the Crema leather upholstery is otherwise in excellent shape given the car’s age.

All of the electrics are in good working order and there are no known mechanical faults.

The F1 transmission really is very easy to use – simply put your foot on the brake and pull both paddles towards you to start the car in neutral. Then pull the right hand paddle for first, and off you go. Of course, there is a full automatic mode for when you’ve had a long day and just want to cruise home.

In fact the 360’s blend of usability and performance attracted a new demographic of Ferrari buyers who sought a supercar that could be driven comfortably daily.

Mechanical

The car’s most recent MoT test was conducted on March 5th this year and the car passed with just one advisory – those age-perished tyres. This 360 has covered very few miles over the last 10 years, averaging about 2000 per 12 month period, which explains why the tyres, which still have plenty of tread, are so old.

Under the engine compartment lid the, musical sounding flat-plane crank V8 idles smoothly and will set the hairs on the back of your neck all a-tingle when you let it rev (it’s pretty close to them anyway).

The engine bay is very tidy looking, and the plenums’ paint is unmarked as far as we could see. This really is an enthusiasts’ car, with that wonderful powerplant right behind your head, and in full view all the time.

The F1 transmission upset the purists when it first appeared, but this is simply because anything new will upset traditionalists. Today, cars with automatically controlled manual gearboxes are commonplace, which just goes to show that Ferrari, as has so often been the case over the years, were ahead of the curve.

The technology behind it was derived from the firm’s F1 experience, and it provides an exhilarating drive to go with that Ferrari soundtrack.

History

This 360 Spider’s most recent service was carried out at approximately 42,500 miles, where technicians at Ferrari specialist Aldous Voice replaced the cambelts and carried out various minor repairs as part of a full service. Prior to this, the car is thought to have been serviced annually.

Its original, fully stamped service book will be included, along with a collection of invoices for routine maintenance visits – these add up to many thousands of pounds over the years. 

Old MoT certificates are also included, as are the original handbooks. 

Summary

This Ferrari 360 Spider F1 is a wonderful example of the desirable open-top supercar, presented in an appealing factory hue and offered fresh from a major service and cambelt change. 

Having covered just 2,000 miles in the past six years, this 360 is now ready to stretch is legs on the open road, and will no doubt thrill its next owner on top-down summer jaunts and longer journeys alike.

We are happy to offer this vehicle for auction with an estimate in the range of £45,000 - £55,000.

Viewing is always encouraged, and this particular car is located with the vendor in Ringwood, Dorset. Bonhams|Cars Online HQ near Abingdon is open weekdays 9am-5pm, to arrange an appointment to view this car please use the Contact Seller button at the top of the listing. Feel free to ask any questions or make observations in the comments section below, or try our ‘Frequently Asked Questions’. 

About this auction

Seller

Private: Cj35


Viewings Welcome

Viewing is strongly encouraged, and is strictly by appointment. To book one in the diary, please get in contact.

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