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Discussion Starter #1
Hi everyone. Getting ready to pull the trigger on the purchase of my first Ferrari. Have owned a Lotus Espirit and Dodge Viper but have always dreamed of owning a Ferrari, specifically a 360 Modena. Any pointers and comments are welcomed. Thanks and looking forward to owning a Ferrari for a long long time!

Bob Y.
 

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Bob, Welcome to Ferrarilife. You have definitely come to the right place. There are several 360 owners on here that will soon jump in. Good luck :)

Chris
 

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Ciao and Welcome

You will love owning a Ferrari there is nothing like it in the world.
 

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What are the pluses and minuses of the 360 Modena? Thanks!
Hi Bob and welcome,

The 360 is a great car and it is quite reliable.

It is critical that since this is your first that you have the car inspected by a knowledgeable Ferrari mechanic before you commit. The prior services are critical to know if and when done.

If a 1999 or early 2000, you have to confirm that he variator upgrade has been done. variators are critical for valve timing, and the years I mentioned were part of a necessary recall by Ferrari.

Oil and transmission changes are critical as are timing belt changes. Ferrari says every 3 years or 30K miles, but few drive their cars 30K miles in 3 years! Find out when last done and if the tensioner bearings were replaced when the belts were last done.

What is the transmission? If an F1 you need to have the sysytem read by a dealer or service facility that has an SD2/3 electronic computer to determine where the clutch life is. The F1 system can have issues, expensive maintenance, and excessive clutch wear.

Thus if an F1 make sure you spend time with someone who can show you the best way to drive with this to ensure you get full clutch life.

Make certain there are three (3) key fobs. One red and two black. The red is the critical master, and if the seller does not have the red one a bell should go off. You can purchase new ones from Ferrari, but that's about an $800 cost plus the programming time.

Pros and Cons?

A fabulous car you need to learn slowly because it can bite! It's a power house that can get away from you very quickly.

Very few negatives. I really can't think of any. It's fabulous. wait a minute I just thought of a negative. The clock stinks and should not be in that vehicle.

If you care for it and you will enjoy it.

I suggest you take your time making a purchase decision. Many cars are available today due to owners being unable to afford the services and they are, therefore, dumping out of them.

If I can help further I would be pleased to do so.
 

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Discussion Starter #7
Wow, thanks!

Gcalo, thanks for taking the time to help me out with all the valuable information. There is a lot I don't know about these cars and I am so glad I found this site with obviously many experts. I have been taking my time trying to find the right 360 and have been looking for about 6 months now. Where would you guys/gals go to to find a 360 Modena? Thanks again!

Bob Y.
www.geesechasers.com
 

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Gcalo, thanks for taking the time to help me out with all the valuable information. There is a lot I don't know about these cars and I am so glad I found this site with obviously many experts. I have been taking my time trying to find the right 360 and have been looking for about 6 months now. Where would you guys/gals go to to find a 360 Modena? Thanks again!---
Look on cars.com, autotrader.com, and drautos.com, and get an on-line subscription
to the Ferrari Market Letter.

Start looking at cars familairize yourself with all the aspects and after you have narrowed it down I could help you from there.

You should also visit Ferrari of Central Jersey as well as any independents in the area.

You will pay 10%-20% more from a dealer but it may give you more peace of mind.

If you are not mechanical then you need to find a quality independent Ferrari mechanic in your area.

let me know.
 

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ALSO: Take your time. Read the buyer's guide like on this site [http://www.ferrarilife.com/library/guides.php ] worth the $5, and keep talking.....I suggest you don't pull the trigger too fast in that these are NOT Vipers nor even the Lotus.

But you'll like it.
 

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Good advice from Rik.

Buying a Ferrari can be like marrying a woman w/o knowing her well. It can be a bad relationship that can drain your wallet!

Take your time to learn everything that is unique about the car and ask plenty of questions here.

We all had to do it at one time and I am not referring to marriage either!
 

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Discussion Starter #11
Thanks!

Can you guys elaborate on what are some other things that I should be looking for when deciding on my 360? What are some common things that could bite me where the sun don't shine? Thanks so much for all your help and guidance!

Bob Y.
www.geesechasers.com
 

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Can you guys elaborate on what are some other things that I should be looking for when deciding on my 360? What are some common things that could bite me where the sun don't shine?
Things that can bite-

1) your wife
2) services not performed- 5K, 15K, and 30K
3) variators not replaced on early model
4) F1 clutch issues
5) alarm battery not replaced
6) one red and two black remotes
7) manuals and service history

Primarily these and as I stated previously.

If these have not been done tell us what has not and we can give you an idea of how much to deduct from the price to have them done.

It's a faily straight forward auto so don't be afraid.

Just do your homework
 
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