Ferrari 360 Modena - One Year Ownership Report (The Good, The Bad and the downright Ugly...)
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- เผยแพร่เมื่อ 5 ก.ย. 2024
- My love affair with my Ferrari 360 Modena has been sorely challenged this year with a boatload of cash being heaped upon my fiery Italian mistress. It probably ended up being closer to $50k than $60k, but still an astronomical amount... I can only hope for smoother sailing in the years ahead (fingers crossed).
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Modena 360 is the best design by Ferrari ever ! I want one !
Agreed. Timeless.
Big thank you to people like you! You don’t sell your choises but share your true experience. Awesome
Dude, don't worry about the future. It's worth every penny. You are living the dreams of many men everyday who wish they had taken a risk. Life is short, ride away.
I bought a 2006 430 last Oct 2020. I've had problems from day 1. It's in the shop now for a clutch and ball joints. I also only got 1 key, everything else is missing. The repairs are really taking a toll on my finances. I'm not rich, but I figured if I've gone this far I might as well keep the car. I'm not dumping all this money into the car, just so someone else can drive a well maintained Ferrari.
Definitely keep it (if you still enjoy it) as a Ferraris almost rarely lose value
I was so close to buying this car [son pressure lol] this week ... but your genuine, open and honest insight has certainly caused me to consider this far more seriously. You may well have saved me $1,000's. That aside it is a truly gorgeous looking piece of art.
Great honest presentation. You brought back some memories about being anxious and the feeling everybody looking at you but now I don’t even notice. Enjoy the ride and it will be the best thing you have done.
I honestly don’t get the size of the bills you have entertained Simon.
I have put 165,000 KM on my own 360 Modena over the past 18 years and I have never had any bills anywhere near the amounts you quote. Surely you can find an enthusiastic independent service agent in Australia rather than get your trousers pulled down by a main agent? I’m paying AUS$ 1000 for my annual service and AUS$2000 for the 3 year cam belt service. Your car looks great, a bit boomy with the Cappy 3 exhaust, try removing the cats.
Keep up the good work but please, find a decent independent Ferrari shop so you can keep the funds in the bank for more petrol!
Anywhere you'd recommend in Sydney? And does removing the cats eliminate the cabin drone?
@@mguytv I can’t recommend I’m afraid as I’m based in the U.K. But there must be a network of owners around Sydney that can help you with that.
Removing the cats definitely frees up that wonderful V8, it does become loud though, properly 360 race car loud!
I agree, the prices you have experienced are crazy! More than a TR....
It does really sound you got a bit ripped off. I think the 360 is quite similar to my F430 and I recently had as well a small service plus V-belt replacement done here in Switzerland and that was around 2500 AUS$. Furthermore my F1 system broke recently and the quote was about 6500 AUS$ (pump, accumulator, valve and work). I do have some papers from the previous owners and it seems the cats are really expensive (about 6.5 grand EACH), so I do agree with the other folks recommending removing them.
@@CadillacFan77 360 is not similar to 430.
430 is completely new engine, chain driven, no cam belts.
No comparison whatsoever.
My gosh! 60k in the first year ! That’s truely admirable of you ! You have it completely right and I admire that immensely , I wish you all the best with it.
I follow your channel re your AMGs , I’m not a Ferrari fan but certainly appreciate what they mean to people and what this car means to you. Would I ever buy one , no, has this video been helpful , yes! It is absolutely important that when buying any exotic car like this they need to be inspected by people that know them. I hate to say this but the dealer that sold this car to you .... hmmmmm wow the kindest thing I would say is I’d never go there again..... I’m picturing lots of hair gel, cheap sales patter and too much cologne covering the verbal bullshit.... All that work that was NOT done just landed in your lap. Just reiterates how important a solid service history and thorough pre-purchase inspections are so you have an idea of what you are getting into. However this is all moot now, you have the money , you spent the money and now it’s where it should be, enjoy it!
Great to hear your thoughts Simon! I had a double take at the first bill wowser.
Well said, MGUY. As always an honest and informative video, thank you for sharing your Ferrari experience thus far. I've owned my 2000 360 ten years now and I too went through those times & thoughts of selling it early on, but once you get past the sorting-out process of getting the car to the point it's a fun reliable driver that only needs the annual it makes the rough times all worth it 👍🏻. I love my 360 and you're 100% correct, it's a timeless design that I never get tired of staring at it in the middle of the night and it puts a smile on my face anytime I see it and drive it. Keep up the fantastic videos and happy Ferraring-on 👍🏻
Nice video. Good review of the cost. After watching your video, I think I will keep my 911. Be well.
Haha don't blame you!
There”s a good reason why the dealership gave you a great deal & they saw you coming from a mile away. In addition, by trading in your vehicles to the dealer, they would’ve given you wholesale trade in price, which is way less than if you sold privately.
Given the initial major issues you’ve had to repair following purchase, especially from a dealership, I would strongly recommend you investigate your rights under the Australian Consumer Law with regards to seeking compensation.
In addition, would avoid dealerships like the plague & find a reputable Ferrari specialist instead.
Joining a Ferrari Car Club would be a great way to get advice & recommendations as a start.
Well we all learn in different ways
Thanks for stopping me. But I will start again btw as It seems still worth paying. Very honest and good information.
As others have said, thanks for the video - and the honesty. I do think prices in Australia, and maybe Sydney in particular, are inflated - but its consistent with other luxury costs, including real estate, that we seem to have just normalised. I think you're right about the depreciation/re-appreciation curve, but it's a hard lesson to have to learn that these things cost. Looking forward to seeing some adventures in your car in 2021.
Good honest video, I agree the 360 timeless shape, people cant believe mine is 18 years old! I think you have been very unlucky in the first year of ownership. I’m guessing the running /service costs in Australia are a lot higher than in the UK? Hopefully with all the work completed you can now enjoy the 360. I do know what you mean about the intimidation when first owning a Ferrari, took me a few years to get used to it! Looking forward to seeing the ceramic coating you are looking to have done, I want to do the same with mine. Cheers
I just sold my AUD$200K model car collection as seen on my TH-cam channel to buy my first Ferrari, and after watching this and hearing you spent 50-60K on repairs, I am now thinking twice. Thanks for the video.
I saw a video where a guy removed the solid piece under the engine hood and put in a vented screen in and he said it works great for letting the heat out of the engine capartment and cooler inside the car. Its the piece the rear Ferrari Emblem attaches to.
Only guy in history to opt for the OE exhaust, over a Capristo
To be fair I did explain why... and now the Capristo is back on... but thanks anyway for watching
Beautiful car but I cannot afford maintenance I’m doing well to keep my SL550 going!!!! Great vids and love your channel!!!
Thanks for watching!
I am considering scratching the ferrari itch also. I own a 997 model 911. Thankfully, I am a master mechanic. You did the right thing fixing this car. The attention to detail required to own this car is part of the experience
Thanks! And thanks for watching!
One other thing to mention, make sure it has had the various free Ferrari recalls done, pop into the dealer and they will tell you if it has etc.
My biggest take away - look for a car with discretionary maintenance. If the car had trunk straps and a new tool kit installed, I can probably expect the big things have been looked after.
Yes, good point. This is what happens when you buy a Ferrari on a budget…
The exchanger failure is so costly for a simple, cheap part to replace comparatively. How often would you say the exchanger should be replaced? This is a good piece of info if someone is looking to buy a 360.
$5000 for timing belt change? In the UK from a Ferrari specialist i paid £300 for timing belts. I don't understand how your prices are so high, way cheaper in the UK.
Australia is a strange market...
@@mguytv tbh just sounds like you're being taken advantage of by a bunch of shit shops- just saying.
Great vid mate, nice to see a good honest video on the costs that can be incurred with a beauty like that, it’s very helpful for others considering their options
Like your vids.
As somebody who decided 30 years ago (top gear 348) I NEEDED to get one one day, and 30 y later getting a manual 360 five months ago, done 1.7k miles and aiming for 5k/y, I'm going to try your maf sensor cleaning tip. Mine's stock; but after 30 years of dreaming (& driving M3's), just perfect.
Love the video. If you ever struggle with garage gradients can use pieces of timber to take the edge off. The big lesson here is that there is no such thing as a cheap Ferrari, typically it is far cheaper to pay more at the outset on an example that is loved as costs thereafter are a lot lower. Saving a few thousand on a purchase upfront typically doesn’t work out, That said, you’re in am amazing position to have such a beautiful car and at least now it has been sorted - hopefully a lot less expense going forward! All the best from the U.K.! Eta: don’t worry about working on the car, it is straightforward, the mechanicals are the same whether it’s a bmw or Lambo...some good TH-cam videos on how to do the jobs...also worth trying to keep driving it as much as possible as garage queens tend to get issues.
I like your sunglasses.....are those from the Ferrari- Ray Ban partnership that was done about 4 years ago? I too have a pair that is similar to yours. Yours look very sharp !
Thank you! But no, they are Maui Jim!
Very well! I love this car!
Thanks for a great video. Beautiful car not and most of us have bought a money pit at least once, thankfully yours is now a stand up car to enjoy for years. p.s. The sound is amazing, and I can see how you missed it enough to bring it back!!
Great video. HOWEVER. . . . . you have now scared the living soul of of me for buying one! 😆 The exhaust sounded epic. I’m sure Ferrari would add this as stock, but like sportsbikes, they are bound by certain regulations. Yea. Keep it on! The reason I landed here was to research this beautiful car for ownership as my retirement looms and demands exotic toys. I’ll see what cash I can keep on standby for the possible onslaught of failing parts. Many thanks for your honest and accuracy. 🙏🏼
Great video, thanks for sharing your experience.
What a nice dude, thanks for the vid 👍🏻
Hey, I hear you about R8 disappointment, I had a 2009 6 Speed manual and it was one of the biggest regrets, 5 separate occasions at the ship the several thousand dollars later, all in one year, I decided to finally get rid it it.
I really like the 360 as well but my fav Ferrari is the 355 but after watching your video I now know I won't have the courage to buy it even if I can afford it!
Thank you for sharing your experience with the car.
Awesome video. Dream car right there. 3 years time hopefully 😬😬😬🤞🤞🤞
Thanks for keeping me from wasting my money. Maybe I'll get one without an engine and just park in the garage to look cool.
Gorgeous car. Now you’ve brought it up to the correct standard you should have a couple of years fairly trouble free.
Thanks mate! Not the start I’d hoped for, but as you say, hopefully sorted now!
Celebrity fans!
"a couple of years"
Would’ve saved yourself a lot of money doing some of the maintenance yourself. Per example; it sounds like you paid nearly $4,000aud on swapping your exhaust when that’s only a 2 hour job easily done yourself. If you had to do headers, maybe 5 hours. Oil service and flushing coolant/trans/etc are easy maintenance that could save you thousands more.
Nice idea in principle but I don’t have the space or facilities - one day perhaps but not right now
@@mguytv great! It makes ownership much more reasonable and when I watch your videos I cringe at the luck you’re having and hate that you’re considering moving on from the car due to the expenses
I think spending $$$$$ is the classic intro to Ferrari ownership - starting as the car means to go on! :P
I own a 2012 C63 coupe like yours - you've spent more fixing the Ferrari than my car cost to buy! :o
Hope the 360 treats you nicely now!
Yeah, me too or else I'll be selling the kids!
Wow 🤩 en realidad si es Euán buen auto 🚘 y una buena adquisición.
Pero? Sigue a la venta? O ya se vendió?
I owned a 360 a few years ago. The gearbox used to miss 3rd all the time.
Often a clutch problem will cause this...
@@mguytv New clutch was 13k. I sold the Ferrari and bought a 1971 Morris Cooper S.
Gorgeous car. Do you still own it? I would have to keep it for more years after spending that kind of money on it right off the bat. Hopefully once it was sorted it was just normal maintenance like oil, brake pads, and tires.
Sooooo good information to know! I love this car, thank you!
Yes the curvilinear body shape is utmost beauty. The 360 stands alone in looks.
Love watching your videos. Great to see the 360 in such good shape! Out of interest; is there any recourse through the PPI? If not, is that the industry standard?
Unlikely - it's difficult to prove that the symptoms were present at the time of the inspection... it was probably in the early stages.
seems like being a Ferrari mechanic is a very good business 😂
That is insanity. A bit of bad luck id say or I just got very lucky with mine. Less than 2k au in 3 years.. however I am due for belts and some other stuff I've been neglecting for too long so add another 3k to that and a days work. Loads of info out there on how to fix and maintain these cars yourself, I actually consider them relatively simple to maintain. At the end of the day it's an old car with none of the BS electronics modern stuff has. Anyway looks like you have it in great shape so just go and enjoy it.
I spend 5k a year on my f430 . Have for 3 years now
Thanks for the in depth video and thanks for mentioning where you bought it from. I definitely won't be buying a car from Tony.
Agreed!! Timeless!!
I'd love a 360 but have a 986 so pretty happy. I do my own maintenance as paying for a shop to do it is expensive. Here in NZ your typical mechanic will run away if have to work on a Porsche, let alone a Ferrari. If its not a Honda or Toyota then Euro trash(meaning they know nothing about them, to hard basket)
I want 360 more than anything but leaning toward Viper for cheaper maintenance. Half price. Turns just as many heads.
My experience with the 360 isn’t typical - some of them are much better. I was on a tight budget so had to buy a cheaper one with problems…
beautiful car, but seems to me that Tony has done you an amazing deal on it-for himself
Used vehicles over 10 years old don't have any statutory warranty in Australia, difficult to tell if the issues were there when I purchased it, or me continuing to drive it after the heat exchanger started to fail...
How much did you pay for the car before you put all the work into it if you only paid like 40 or 50,000 then you’re still in the green????
Great video, can't wait to get my ferrari 😊 although I can't decide if I want the 360 or 430 🤔
If you can afford it, get a 430. More modern, cheaper to maintain, more reliable... the list goes on.
Would you happen to know any sites with good deals on cars?
good video mate. where did you go to get the suspension height adjustment? i need to do the same on my 355.
Hope you got a good deal on it
Love the 360 but I feel like most Ferrari's of that era can sometimes cost more money than they're worth
Keep up the hard but good work
On your 360 it’s sorted enjoy it now 👍
I'm wondering if the guy who did the PPI on my car was the same guy that did your car. What a waste of money. So far I've counted about 30 things that he didn't pick up. I had a similar horror story. AU$40,000 in the first two years on maintenance (and this was using an independent tech who bent over backwards to save me money)
To me, the 360 is beautiful Ferrari. Would be nice to have 400 hp rather than my 328s 270 hp. However, having listened to you I will keep what I've got. It's no 360, but it's OK.
I have spent 14k on mine which includes all belts pulleys bearings tensioners full cams out top end rebuild lifters coil packs and 5 annual services. Mate you should look closer in the first place and get a new guy. Its now worth 50k more than i paid for it.
Just saying.
Agreed - similarly mine has almost recouped the expenditure in the rise in value.
she sounded gorgeous
With all the initial issues after you purchased the car didn't come with a some warranty... at least 90 days. Very disappointed at the initial seller. Step one buying any used car go to a different dealership and pay them for an inspection.
Cars over 10 years old in Australia don't have any statutory dealer warranty, sadly... and it did have an inspection, just not thorough enough clearly...
Time to enjoy it! We have a saying in Spanish: nadie te quita lo bailado
Had to look it up, but yes - very appropriate!
And just yesterday I was watching a video about how inexpensive they were to own. maintenance wise.
My dream Ferrari
Quote your repair cost in US dollars instead of Australian dollars it doesn't sound as bad.
$60,000 Australian dollars is only $43,000 so you save $17,000 just by converting it...
Haha true!
What would you say were things you need to become accustomed to / aware of etc to a potential first time Ferrari driver?
I think this is a great subject for a video, thank you - stay tuned - I will do one on exactly this.
The doors dont stay open.
Beautiful car
Thanks for watching!
I've heard these to be very reliable cars. Just may have been either used by too many different people or just beat to Hell by one person..... you know the saying about too many hands... a car and especially one of this nature gets used to one driving habit...
I'm OCD as well this stuff would have drove me freaking crazy..... I could seriously feel everything in a car..... don't ask me how I have been driving trucks for a living since I'm 13 years old and I am 58.... I could feel things in a 2018 Freightliner tractor that very few could feel or hear for that matter....
wow so expensive il pray for u mguy
Real question = what is the Australian dollar value versus USD?
Yeah, it was a disaster...!
So ur 50k in the car I would’ve just bought a amg GT tbh fuck that too much trouble mate
where is this magical AMG GT for 50k?
Hang on
When the majority of your annual mileage is done between your home and the dealer/workshop, I'm not convinced that the car is a keeper!!!
Yes it's been a learning experience, but I would lose most of that if I sold it now. It's sorted now and I am hoping for a long period of enjoying it properly.
I am absolutely gobsmacked by these servicing prices you are quoting.. I have driven 170,000 km in my 360 and have never had bills like that. Surely there are independent specialist in Australia too that can carry out this kind of work, rather than let a main dealer workshop pull your trousers down like that. In my experience main dealers are not particularly thorough or ‘caring’ in any case whereas an independent will actually take an interest in your car and not rip you off on parts and more importantly, labour cost.
It’s a car after all, despite being a Ferrari the principle is the same and any decent mechanic is able to carry out the work.
My annual service in the U.K. is 1000 Aus$ and every 3 years the cambelts service is 2000 Aus$.
Kudos for you keeping it (had mine 19 years now) but it does upset me to hear the costs you’ve had to endure.
It’s a shame good thing it didn’t cost euros u might wanna start looking into doing stuff yourself. Just saying I have little experience working on my 430 and I did the exhaust and the motor mounts and breaks myself. Plenty of TH-cam videos to learn from save your money no need to spend 6000 on a exhaust change.
Yeah, 4.5k of that was the stock exhaust itself, but yes, take your point.
How is that itch going?
How much did you pay for it originally?
Someone once joked that buying the ferrari is just the down payment.
Maybe you should of bought a F430 .
Yes, I should have pushed the budget a bit to get a 430...
Luv the 360s, but this is why I'm afraid to buy one.
Yeah
I don’t think
I’m gonna get a 360
Unless I know I have double $
$60k for service, that money would get you a sport Lexus... ; I think I can afford to buy, but I don’t think I can afford to keep it.
Very true...!
Hi mate. What do you normally pay for car insurance on this car?
Mine is insured for 150k and costs 130$ a month.
Wait, why would you spend $4,000 a stock exhaust? Did you not do any marketResearch? There’s a guy on our Ferrari 360 Facebook page that can’t even give his away. You can find them cheap on eBay. I have two OEM full original systems sitting in my garage and I can’t give them away, I’m going to probably take them to the dump to be disposed since they’re taking up space.
Not in Australia, I'm afraid. In US maybe...
@@mguytv major bummer man.
@@millerfisherman1989 you still got those stock exhausts ?
@@djm_852 yep.
@@millerfisherman1989 would be very interested in taking one off your hands if we can work something out. I am thinking of putting my spider back to stock as it’s too damn loud on cold starts in my parking garage. I am the_dan on fchat or you could please drop me an email on danieljmoore [at] gmail [dot] com 🙏
No warranty from the dealer you bought the car off?
Not in Australia with cars over 10 years old...
I didn't think so, I would get someone to bypass the coolant type heat exchanger for an Air to Air exchanger that way you will never have that bastard coolant in the oil again, change it back if you ever sell
so you spend 50k on a car thats worth about 70k?
Australian dollars.
My opinion is it's still a fuckin car. Whether it's a Ferrari, lamborghini or Bentley. If it needs a tune up or a timing chain or a thermostat it's an engine. I have a range rover. an oil change, changing a headlight etc. It's always extra because it's a range rover. It has a Ford engine (a regular Ford engine) and the same cheap parts that's made to fail.
Yes expensive cars are made with (on Purpose alot of individual parts to replace) which are built to make it impossible for you to do just the basics repairs. It's so the gatekeepers, elite and ruling class can keep their hands in your pockets.
$20 dollars per km running costs not including fuel.
Ludicrous
I don’t think of it like that. These are iconic cars that should be preserved and if I have to do it, so be it.
@@mguytv yes, but its still that cost. If your happy paying that for a modena on the road which it seems you are, enjoy.
My god ive been wanting to pick up a older gallardo lambo or f 360 and my im seriously afraid now. Ive had 3 bmw M3's , 2 e 36 , 1 E46 and was thinking about getting a newer M5 or E90 M3 but really wanted something more exotic but seems like the older exotics are wallet drainers or is it just luck ?
I am not a good example - I screwed up - but you don't have to...!
Would you do a meet up with Australian TH-camr Archieluxury?
You need to get out and drive it more.
Seriously consider adopting me and putting me in your will
Can I ask why you paid the 14 grand to get the car sorted, and not the dealer?
Dealers selling these cars are an absolute law unto themselves. They hide behind this "It's a Ferrari! What did you expect?!" horseshit far too often
Any car should be mechanically good, from front to back. If a dealer has to put up the price? Fine. I'd rather pay a little more for a car that has been honestly looked at and sorted than going through numerous headaches. Any new car owner would.
He paid almost as much in repairs what you can get that car for damn
@@megapet777 definitely approaching a third of the value in AUD, I'd say. Bananas. I've said it before but even stuff like a cambelt service should be no more than about 800 AUD. It's a 2 hour job + oils + filters.
I don't blame people that don't know the field. I blame the absolute unscrupulous people in this industry.
@@MrGB1999 Yeah. Mechanics often charge quite a hefty fee. On top of that it's ferrari so of course they will charge extra for the brand. I'm not sure how AUD compares to euros but here in Finland you can get ferrari 360 for 80k €
@@megapet777 some mechanics do. Honest mechanics don't. They choose to rely on repeat custom and reputation, rather than ripping off whoever comes in.
It sounds like this chap may have paid an OK price for the car (hopefully!), but yeah that's about the value of them I guess. They're £50-70k gbp here
@@MrGB1999 It's always nice to find those reputable mechanics :)
If the 360 climbs in value it might offset the $50k cost.
Funny funny funny! 😜
Nice money pit mate
lol
So you bought a crap rari? Thats on you man