Considering a 2003 - 360 with 25,000 miles - need to understand maintenance costs | FerrariChat

Considering a 2003 - 360 with 25,000 miles - need to understand maintenance costs

Discussion in 'Technical Q&A' started by bbobb, Apr 19, 2011.

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  1. bbobb

    bbobb Rookie

    Apr 19, 2011
    1
    New to site and considering a 2003 360 spider f1 with 25,000 and need to better understand what i might be getting myself into from a maintenance perspective. I've never owned a Ferrari and have only heard the overwhelming service requirements very 5,000 miles. I have other toys like a 38th offshore powerboat with twin 900hp motors so i'm a little familar with the cost of taking care of toys.

    My intent is to drive this car everyday if possible and not let it just sit in the garage...i live downtown Chicago so it is seasonal just for the spring summer and fall.

    Give me the truth and dont hold back both good and bad....thanks in advance for the insight

    Thanks
    Brian
     
  2. HH11

    HH11 F1 Rookie
    Rossa Subscribed

    Sep 4, 2010
    3,346
    #2 HH11, Apr 19, 2011
    Last edited: Apr 19, 2011
    I will help you here before you get burned to the ground by some of the guys. It happens all the time by new members that ask questions like this. The most common threads on here are about timing belts, maintenance, F1 vs 6 speeds trans, o yea and timing belts. There are literally about 100+ threads about the 360 maintenance. Most of them will probably give you more information than you could ever imagine. They will literally cover everything from bumper to bumper, including bumpers :). I will post some links in another post below. The search function doesnt always work well but you should give it a try. You might find something interesting.


    http://www.ferrarichat.com/forum/search.php?searchid=4729752 This should give you a good start. Don't be afraid to ask further questions.
     
  3. FerrariDublin

    FerrariDublin F1 Rookie

    Jun 14, 2009
    3,456
    Dublin, Ireland
    Full Name:
    Greg
    My experience is with a 2000 year 360 Manual, bought with 40k miles.

    I bought the car two years ago with a belt service having been done three years prior so a change was needed (for piece of mind) when I bought it. I bought the parts from one of the Internet stockists and had my local mechanic do the work. He was delighted and excited at the prospect and did a good job. We changed the belts and the tensioner bearings only as he was happy that the tensioners themselves were fine and the variators had previously been upgraded to the later versions and were well within the recommended service interval. We also flushed the coolant and brake/clutch fluid at that time. Plugs, filters, engine oil were also changed. Cost was circa $2200 for parts and labour.

    The car isn't used as a daily driver but it is used regularly. I believe it would be perfectly possible to use as a daily but I prefer to keep a low profile and also to save it and enjoy it when I'm driving more for pleasure than as a chore. I've put on about 7k miles over the two years, approx 500 of which were on track.

    Running costs and Maintenance over the subsequent two years, almost all done by me (with knowledge gleaned from this forum and it's users) as follows ..........

    PS2 Tyres were put on fairly soon after I purchased and are wearing quite thin on the rear now but there's plenty of tread depth on front yet. They've served me well but I'm looking for stickier, more track focused, rubber next time around. Circa $1500
    Changed alarm siren as the internal battery had gone dead and leaked on and spoiled the circuit board - the previous owner refunded this cost which would otherwise have been circa $400
    Changed tranny oil - used Redline as recommended by many on this forum - circa $150
    Changed front pads a couple of times - EBC YellowStuff - circa $200 per axle.
    Flushed brake fluid for Castrol SRF as the standard fluid was boiling on track - cost circa $200
    Changed clutch master cylinder in pursuit of a solution to a clutch "feeling" problem - turned out not to be the cause but the replacement led us to discover the real problem which was nothing more than a kinked fluid feed line - cost circa $500 + labour circa $250
    Replaced shifter bushing with Hill Engineering item cost circa $100

    I've also changed the exhaust, powder coated the wheels, applied Yoshi shields but these aren't really maintenance issues and didn't need to be done.

    The car really hasn't given me any trouble whatsoever. Additionally, if you're reasonably handy with things mechanical, a lot of required maintenance can be done yourself. The car is very easy to work on, everything comes apart in a pretty logical and transparent way and you have all the information you need here on this forum to tackle all but the most complicated and specialised jobs.

    Hope this is of some assistance. Good luck with your purchase.
     
  4. greyboxer

    greyboxer F1 World Champ

    Dec 8, 2004
    12,703
    South East
    Full Name:
    Jimmie
    Echo post 2 - in particular read the buyers guide at the top of the 360 section for starters
     
  5. Jedi

    Jedi Moderator
    Moderator Lifetime Rossa Owner

    Mar 18, 2008
    32,323
    Seattle Area
    Full Name:
    Dave
  6. Skidkid

    Skidkid F1 Veteran
    Owner Rossa Subscribed

    Aug 25, 2005
    9,624
    Campbell, CA
    Full Name:
    John Zornes
    Long and often discussed topic. They are very reliable but parts are expensive. Short answer is that it will cost you something like $2-3K per year on average (plus tires, gas, etc.) You have to be able to live with the fact that you could pick up a $10-15K bill at random. You don't have to like it but you have to be able to pay it. Don't get me wrong, I wouldn't anticipate spending that much but it can and does happen.
     
  7. HH11

    HH11 F1 Rookie
    Rossa Subscribed

    Sep 4, 2010
    3,346
    Sorry about that. I had no idea.

    To the OP, in place of that just type 360 timing belts/360 maintenance into the search box. The previous posts are also good info.
     
  8. BigTex

    BigTex Seven Time F1 World Champ
    Owner Rossa Subscribed

    Dec 6, 2002
    79,406
    Houston, Texas
    Full Name:
    Bubba
    There was a rare instance where the updated variators failed, just outside of dealership Warranty on the work, the owner in Oz had to sell a 348, to cover the costs of his new engine.

    So, you have to be able to roll like that.....:D :D :D

    Great post by Greg! Confidence inspiring.
     

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