Aspen Snowmass
Automobiles
LOT108
2004 Ferrari 360 Modena PHOTOGRAPHY BY Bill Pack
Estimate: $130,000 - $160,000 USD
  • 2004
  • Ferrari
  • 360 Modena Coupe
  • ZFFYU51A640137981
  • Grigio Titano
  • Charcoal / Gray
  • Among the last 360’s built
  • 6 speed manual transmission
  • Recent full service including belts at Ferrari dealer
  • Service History Included
  • Original Books / Manuals
  • Original Tool Kit

Ideal Entry into the Supercar Ranks

Luca di Montezemolo remanufactured Ferrari during his 23 years at its helm. He revitalized its Formula One efforts and soon brought six consecutive constructor’s championships. No one can be certain how much of the 355 he influenced but the 360 was certainly the first V-8 totally designed under his leadership. He instructed his engineers to build it “larger and more refined yet lighter and faster than its predecessor”*. An unqualified success, the 360 achieved record production numbers. The interior was luxurious. The Ferrari reached 60 miles per hour in 4.4 seconds and could easily surpass 180 mph. It represented a transition from performance car to supercar! Montezemolo is no longer with Ferrari; he retains one example: the 360.*Forza issue 117, March 2,2012

This Car's Past

The present owner, the third, is well acquainted with the second who acquired the car with extremely low mileage and speaks with authority on its past. The car has not been raced or used for track days. The Modena, protected by a clear bra, is driven often and at other times rests under a grey Ferrari cover (included) in a climatized space. The odometer reads 17004 miles. The car has been serviced frequently and always by Ferrari certified mechanics. It has been approximately 500 miles since a complete and thorough service. Engine, transmission and brake fluids have been changed and drive belts; cam seals and valve cover gaskets replaced. This 360 Modena is heavily optioned. Front and rear Challenge Grills and Scuderia badging enhance its appearance. Power Daytona seats with contrasting inserts and stitching highlight the interior. A new Ferrari Clarion radio with Bluetooth has been installed; the original Ferrari Hi Fi unit has been retained. Performance features include a six speed standard transmission and a Tubi exhaust. Red and black key fobs, battery tender, manuals, tools, books and service records accompany the Ferrari.

“This is the new best car in the world”Tiff Needell, Top Gear Initial Road Test

History of the Model

The 360 was a radical departure from its predecessor. More than 5000 hours in the wind tunnel and a design by Pininfarina resulted in a more stylish and curvaceous production Ferrari than the 355 and an appearance that has aged little. A new engine, a new aluminum chassis (Ferrari’s first in a production vehicle), and a larger more comfortable and functional interior resulted in the best selling Ferrari to date and one that would lap Ferrari’s famed Fiorano test circuit three seconds faster than its predecessor. Consistently the motoring press has praised it for its style and performance and declared it a favorite and an optimal Ferrari for everyday use.

Market Trend

Benefits arise when purchasing the last cars in the line and this car is believed to be among the last fifty Modenas built. It was put into service in July of 2004. A variety of shortcomings accompanied early 360 productions. The ABS electronic control units would fail. As would starter ring gears, camshaft variators, motor mounts, and ground straps (the latter causing coil failure). Front control arms had to be improved to prevent ball joint failure. The problems were corrected either by recall or continuous product improvement. Late production should offer value in being the most trouble free of a model, already considered by many to be among the most reliable. Heavily optioned, enhanced by an unusual color combination, and optioned with the nearly extinct six speed with three pedals, this Modena represents an optimal and valuable example of the marque.

Summary

The design of the 360 Modena has aged well. Though seventeen years since its introduction, the coupe could pass for new. The 2004 360 Modena is late enough in the production run and has been driven often enough to be well sorted. One estimates it to be near the bottom of its depreciation cycle. It sports that rare six speed manual transmission. This is a great time and opportunity to own and enjoy a superb Italian supercar.Mark Moskowitz MD

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