October 18, 2023 Update – The high bid did not meet the seller’s reserve price. We thank the seller for the opportunity to list their classic ride on GuysWithRides.com

(NOTE: Click on the picture to stop the slide show and expand the pictures. Scroll down to see all photographs)

GuysWithRides.com is pleased to offer Lot 265, this driver-quality 2002 Ferrari Modena 360 Spider

Bidding opened on Wednesday, October 4th, 2023, and closes at 6:00 PM EDT on Wednesday, October 18, 2023.

This 2002 Ferrari Modena 360 currently resides as part of a collection in Sparta, New Jersey.

The Deets

High Bid: $6,900 (Reserve Not Met)

Ferrari has always occupied a special place in the annals of automotive history, conjuring images of speed, power, and beauty. The 2002 Ferrari 360 Modena’s stunning design, high-performance capabilities, and exquisite craftsmanship is a testament to the brand’s enduring legacy. Released as the successor to the F355, the 360 Modena not only lived up to the expectations but also set a new benchmark for mid-engine sports cars. Let’s delve into the details of this Italian masterpiece that continues to captivate car enthusiasts and collectors worldwide.

The design of the 2002 Ferrari 360 Modena is an amalgamation of function and artistry. The car’s low-slung profile, sharply contoured lines, and aerodynamic shape are a testament to the meticulous attention paid to its aesthetics and performance. Designed by Pininfarina, a renowned Italian design house that has a long history of collaboration with Ferrari, the Modena embodies the quintessential Ferrari look.

One of the standout design elements of the 360 Modena is its large, distinctive air intakes on each side of the car. These intakes provide a visual statement and critical airflow to cool the mid-mounted engine. The sleek headlights and taillights are integrated seamlessly into the body, contributing to the car’s modern and timeless appearance.

The body of the Modena is crafted from lightweight aluminum, which enhances performance and showcases Ferrari’s dedication to innovation. This construction method helps maintain a perfect 50/50 weight distribution, ensuring exceptional handling characteristics.

Inside the cabin, the 360 Modena continues to impress. The interior is a testament to Ferrari’s commitment to creating a driver-focused cockpit. Luxurious leather upholstery, well-placed controls, and a striking analog tachometer as the focal point all contribute to a sense of occasion. The supportive and comfortable seats perfectly balance long-distance comfort and spirited driving dynamics.

At the heart of the 2002 Ferrari 360 Modena lies a 3.6-liter V8 engine that delivers an exhilarating driving experience. This naturally aspirated powerplant produces 395 horsepower and 275 lb-ft of torque. Mated to a 6-speed manual transmission, it allows drivers to engage with the car’s performance fully, making every gear change a symphony of mechanical precision.

The 360 Modena can accelerate from 0 to 60 mph in just 4.2 seconds, showcasing its impressive acceleration capabilities. Its top speed exceeds 180 mph, a testament to its thoroughbred racing heritage. While some variants of the Modena were offered with the optional F1 automated manual transmission, many enthusiasts preferred the tactile experience of the manual gearbox, which allowed them to extract the maximum enjoyment from every drive.

The handling of the 360 Modena is nothing short of exceptional. Its well-balanced chassis, responsive steering, and precise suspension tuning make it a joy to drive on both winding mountain roads and racetracks. The car’s mid-engine layout provides excellent weight distribution, resulting in remarkable stability and cornering prowess. It remains a favorite among driving purists for its analog, unassisted steering feel and the sense of connection it offers between the driver and the road.

Despite being released nearly two decades ago, the 2002 Ferrari 360 Modena incorporated several advanced technologies for its time. The F1 automated manual transmission, while not as engaging as the manual gearbox, offered lightning-fast gear changes, enhancing the car’s overall performance. The Modena also featured an adaptive suspension system that could be adjusted to suit different driving conditions, providing a comfortable ride for daily use and a firm set up for spirited driving.

Safety was not overlooked either. The Modena came equipped with advanced braking systems, including large ventilated disc brakes with ABS, ensuring confident stopping power. Airbags, stability control, and traction control were also integrated into the car to provide a level of safety that matched its performance capabilities.

The 2002 Ferrari 360 Modena has earned its place in automotive history as a pivotal model in Ferrari’s lineage of mid-engine sports cars. It continued the tradition of the F355 and set the stage for the 430 and 458 that followed.

In the world of collectible cars, the 360 Modena holds a special allure. As production numbers were relatively low compared to more recent Ferrari models, finding a well-maintained example can be challenging. This scarcity, combined with the enduring appeal of Modena’s design and driving experience, has led to increasing values in the collector car market.

Enthusiasts and collectors often seek out the 2002 Ferrari 360 Modena for its historical significance and the embodiment of the Ferrari ethos. Owning one of these fine examples of Italian craftsmanship is a testament to automotive engineering and a privilege to experience the pure essence of driving pleasure.

The MotorWeek Retro Review YouTube Channel features this test drive from 2000 when Ferrari launched the 360 Modena:

In conclusion, the 2002 Ferrari 360 Modena is a remarkable testament to Italian automotive excellence. Its stunning design, exhilarating performance, and craftsmanship continue to captivate car enthusiasts and collectors alike. As a symbol of Ferrari’s commitment to the art and science of creating high-performance sports cars, the 360 Modena remains a modern classic that will be celebrated and cherished for generations to come.

If you’re looking for a Concours-quality, potential show-winning Ferrari 360 Modena, then this example is not for you. If you’re looking for an entry-level, dependable, driver-quality example, you can use as a track-day racer, a weekend tour car, or to impress your local Cars & Coffee attendees, this may be the Modena 360.

As the CarFax® highlights, this 2002 Ferrari 360 Modena earned a rebuilt title after a driver’s side rear-end collision by a previous owner motivated their insurance company to total the car due to the costs required to rebuild it.  This 2002 Ferrari was professionally rebuilt with one repaint in the original color, and the current owner had an expert in aluminum repair go through the chassis to ensure everything was repaired to a high-quality standard:

The current owner of this 2003 Ferrari Modena reports it to be a well-maintained, driver-quality example featuring Ferrari’s F1 paddle-shifted transmission.  With just over 40K miles, the seller notes that the 30K-mile engine-out service was completed on time and that the most maintenance was in 2019 when a local Ferrari specialist replaced the spark plugs. This 2003 Ferrari 360 Modena’s service is completely up to date. The seller notes that the two modifications they added during their ownership to date include carbon fiber air intakes and a custom rear tail light grille to aid in cooling.

Here is Rudy’s impression after briefly driving this 2002 Ferrari Modena 360 Coupe during filming:

“This Ferrari 360 Modena provides an exciting, confidence-inspiring driving experience.  The car starts right up, tracks and brakes true, and I did not hear any squeaks or rattles during my drive.  The A/C did an adequate job of cooling the interior on what was an 80-degree fall afternoon. As most test drives from the period highlighted, the F1 automated manual can be clunky when used in automatic mode.  However, the car is a completely different animal if you keep it in manual mode and use the steering wheel-mounted paddle shifters. While you’ll likely never win a Concours with this Ferrari, if you can get past the rebuilt title, this 2002 Ferrari Modena 360 represents an outstanding value versus typical examples.”

If you have any questions about this 2002 Ferrari Modena 360 for sale, please leave a comment below or feel free to call Rudy directly at 877-468-6497.  Thank you for looking and happy bidding!