1998 Ferrari 355 F1 Spider Annual Service Just Completed on 2040-cars
Northport, New York, United States
Body Type:Convertible
Vehicle Title:Clear
Engine:3.5 liter
Fuel Type:Gasoline
For Sale By:Private Seller
Make: Ferrari
Model: 355
Trim: F1 Spider
Options: Leather Seats, CD Player, Convertible
Safety Features: Anti-Lock Brakes, Driver Airbag, Passenger Airbag
Drive Type: Manual F1
Power Options: Air Conditioning, Power Locks, Power Windows, Power Seats
Mileage: 39,500
Exterior Color: Red
Interior Color: Tan
Warranty: Vehicle does NOT have an existing warranty
Number of Cylinders: 8
Rosso Corsa with tan interior, custom mats. Car is in excellent condition a runs great. 39,500 miles. I purchased it in September of 2010 with 34,033 miles. Has some wear on the driver seat bolster which is common. Can use a seat re-dye in this area that is an easy do-it-yourself job. No sticky parts. E brake handle is the only part that was not redone. Front and rear bumper and side skirts redone. Rear bumper had a shoddy repair done from a minor rear impact. Seems like someone backed into it with a trailer hitch. I had it done correctly and it is now perfect. Front bumper had some scratches underneath which is another common thing with these cars due to the clearance being so low. I also had skid plates installed. Side skirts has some rock chips around wheel wells so I had those redone. Overall the paint is in excellent shape. There is a clear bra over the hood/fender area. I installed expensive aftermarket shields on the sides. Michelin Pilot SS tires were installed @ 37,864 miles so they are like new. These are the same tires that are used in the current models. Clutch was done @ 35,728 miles. Throw out bearing was also replaced with a superior Hill Engineering part. CV boots, motor mounts and all new rear bushings where installed. Dash and instrument pod was recovered in original black leather. New - F1/clutch sensor. 360 pump upgrade, Seat potentiometers, Tubi headers. Both radiators were replaced with good used units including Scuderia Rampante silicone radiator hoses @ 38,490 miles. Rebuilt rear shocks. New battery. Alpine stereo with CD and iPod hook up. Billet aluminum passenger footrest and dead pedal. Annual service just completed for $995. I have shown the car in many shows and I took either 1st or 2nd place. Trophies included in sale. I have the complete toolkit with tire inflator and all manuals in the original leather pouch. Battery charger hookup with charger. I only have the red master fob and one key. Last major was done in July 2010. Ferrari recommends doing the major every three years which no one does. Most people do their majors every four years and sometimes five. If I were keeping it I would do the major next summer. The convertible top is original and needs to be replaced. There are two rips on either side of the top. One about three inches and the other about two inches. They have been stitched up as I was going to replace the top this year. New tops can be purchased on eBay for $800. Only other thing is the operation of the convertible top. It goes down fine but when going up it needs a slight push right behind the driver seat so the fork engages the cam that pushes that side up. Hard to explain but was never a big deal to me. It just has to be realigned and I was going to do that when the top was being replaced. There is a thread on Ferrari Chat explaining how to do this. Recently had a shifting issue where car was going into neutral for reasons unknown. Ferrari of Long Island said my TCU accumulator bottle had a leak and needed to be replaced. I ordered a new 360 bottle and retrofit kit (an OEM 355 accumulator bottle is not available from Ferrari). It was installed and of course didn't solve the issue. I wasn't at all happy as you can imagine so I got Ferrari North America involved. They then found the culprit was the intermittent trunk switch failed and needed to be replaced. This lets the ECU know that the trunk is secured correctly. A relatively cheap fix that was overlooked. All is perfect now.
I put in over $20k in upgrades/repairs with receipts to back it up. I also have service records from 9500 miles
I love this car and it pains me to sell it. There is simply no sound like that of a Ferrari and especially the 355. Lots of TLC put into it. I'm moving on to a newer model. I am being as honest as possible here and if there is anything I missed or if there are any questions, please feel free to ask. I feel the price is very fair for the work performed and what it needs.
***THIS AUCTION IS FOR USA ONLY***
On Aug-10-13 at 19:32:37 PDT, seller added the following information:
***Title is clear and clean with no liens***
Ferrari 355 for Sale
Major service 4/2013, low miles, grigio titanio ext., exceptionally clean
Beautiful ferrari 355 spide. only 20k miles sold with 30k service completed(US $52,950.00)
1995 355 berlinetta 6-speed manual coupe - capristo exhaust - fresh belt service(US $59,995.00)
6900 mi cambelts serviced valve guides done 6k mi red 6 speed(US $89,900.00)
Carbon fiber shift paddles, carbon door sill plates, rear challenge grille, f355(US $69,980.00)
Ferrari 355 spider - low miles
Auto Services in New York
Tones Tunes ★★★★★
Tmf Transmissions ★★★★★
Sun Chevrolet Inc ★★★★★
Steinway Auto Repairs Inc ★★★★★
Southern Tier Auto Recycling ★★★★★
Solano Mobility ★★★★★
Auto blog
Race Recap: 2015 Canadian F1 Grand Prix is better behind the front
Mon, Jun 8 2015As of Saturday afternoon in Montreal, Canada, it was all about the number four. Lewis Hamilton put his Mercedes-AMG Petronas on pole position for the fourth time at the Circuit Gilles Villeneuve, and now his tally of pole positions matches his race number: 44. Nico Rosberg lines up beside him, which is the fourth time that particular one-two combo has occurred this season. Ferrari spent three engine development tokens to try and close the gap to Mercedes, Kimi Raikkonen making the most of it with third position on the gird. His teammate Sebastian Vettel got the worst of it, however, when the MGU-K unit failed during Q1, leaving him 160 horsepower down and out at the first hurdle. Valtteri Bottas put a revitalized Williams on the grid at fourth, ahead of a Lotus lockout of the third row with Romain Grosjean leading the way in fifth, Pastor Maldonado just beside. Nico Hulkenberg got the first Sahara Force India into seventh – the team is still waiting on the upgraded B car that should be available for Austria – ahead of Daniil Kvyat in the first Infiniti Red Bull Racing and a "pissed off" Daniel Ricciardo in the second Red Bull. Sergio Perez made it two Force Indias in the top ten, a welcome result from a team performing below expectations of late. When the lights went out, at the very front it was much ado about not that much at all. Hamilton got away clean and stabbed across the track to close the door for Rosberg, giving Raikkonen a chance to take the inside line into Turn 1 in an attempt to clear Rosberg for second place. That didn't happen, leaving the two Mercedes' to run in grid position for the entire race. It wasn't boring – Rosberg stayed close, rubber-banding the time gap to the leader from a little more than one second to just under four seconds, and Montreal is famous for race-rearranging safety cars and on-track incidents. But none of those occurred, so Hamilton crossed the line 2.285 seconds ahead of Rosberg after 70 laps to earn his fourth victory in Canada and the first-ever victory for the Brackley, UK-based Mercedes team. Valtteri Bottas drove his Williams to third position, the first podium place for the team this year and a welcome salve to heal the team's wounds from a poor showing in Monaco. That placing came courtesy of being in the right place at the right time, which was not far behind Raikkonen when the Ferrari driver spun at the hairpin on Lap 28 after his first pit stop.
Ferrari to pay Fiat Chrysler $2.8B prior to spinoff
Sat, 15 Nov 2014Fiat Chrysler Automobiles is trying to get capital together in a hurry to finance the automaker's growth plans. Among its strategies to raise money, Ferrari will be spun off from the FCA mothership next year with an initial public offering. However, the Italian supercar maker will be a couple billion dollars poorer at the start of its new life.
According to a filing with US regulators obtained by Automotive News, FCA intends to "enter into certain other transactions including distributions and transfers of cash from Ferrari currently estimated at 2.25 billion euros ($2.8 billion)" before it spins the supercar maker off. Those funds might include paying a dividend to investors, and FCA possibly transferring some of its debt to the Prancing Horse.
The Ferrari IPO will likely be in the second or third quarter of 2015, according to Automotive News. Ten percent of the automaker will go onto the public market in the US and possibly Europe too, and 80 percent will be distributed among current FCA shareholders. The other 10 percent is held by co-chairman Piero Ferrari, according to AN.
Ferrari officially files SEC paperwork to register future IPO
Thu, Jul 23 2015Late last year FCA announced plans to spin off Ferrari into a separate company, and after a long wait that process has finally become official. The Prancing Horse has now filed the necessary prospectus and other documents with the Securities and Exchange Commission to hold an initial public offering on The New York Stock Exchange. The paperwork doesn't mention a specific date for the Italian sportscar maker's IPO, but it's expected sometime in October. At this point, the documents also don't include some other vital data about the IPO. Ferrari lists neither the number of shares being offered nor their price. The company also doesn't have a stock symbol yet. UBS, BofA Merrill Lynch and Santander are acting as joint book runners for the deal. As part of the IPO, FCA initially intends to sell 10 percent of Ferrari's shares on the stock market. Another 10 percent of the company still belongs to Piero Ferrari. FCA is holding onto the remaining 80 percent in the short term for financial reasons but intends to distribute them to shareholders in early 2016. After the spin-off, about 24 percent of Ferrari would be owned by Exor, 10 percent by Piero Ferrari, and 66 percent by public shareholders, according to the SEC documents. FCA boss Sergio Marchionne believes that Ferrari could be worth over $11 billion. Although, his estimate might be slightly high. According to Reuters, Wall Street is actually putting the value somewhere between $5.5 billion and $11 billion. If you're thinking about investing in the company or just want to read the nitty-gritty about the brand's financial health, the entire SEC filing can be read here. Ferrari Files for Initial Public Offering LONDON, July 23, 2015 /PRNewswire/ -- Fiat Chrysler Automobiles N.V. ("FCA") announced today that its subsidiary, New Business Netherlands N.V. (to be renamed Ferrari N.V.), has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission ("SEC") for a proposed initial public offering of common shares currently held by FCA. The number of common shares to be offered and the price range for the proposed offering have not yet been determined, although the proposed offering is not expected to exceed 10% of the outstanding common shares. In connection with the initial public offering, Ferrari intends to apply to list its common shares on the New York Stock Exchange.