1997 Ferrari F355 Berlinetta

2dr Coupe

8-cyl. 3496cc/375hp Bosch Motronic 5.2 FI

#1 Concours condition#1 Concours
#2 Excellent condition#2 Excellent
#3 Good condition#3 Good

$138,000*

-11%
#4 Fair condition#4 Fair

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1994-1999 Ferrari F355 stats
Highest sale
$2,090,000
Lowest sale
$34,560
Most recent sale
$112,350
Sales
861

Photos

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1997 Ferrari F355
1997 Ferrari F355 Coupe
1995 Ferrari F355 Spider
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Model overview

Model description

Ferrari introduced the 355 in mid-1994 in Europe as a replacement for the five-year-old 348. The car represented a substantial leap in performance and handling when compared to its already capable predecessor. Available in the U.S. from 1995 to 1999, the F355 employed a 3.5-liter, 5-valve-per-cylinder V-8 motor that gave it 380 hp and one of the best Formula-one style shrieks Ferrari ever produced in a street car. The hard top Berlinetta and Targa-style GTS models appeared in the U.S. in 1995, with a convertible version appearing a year later. In 1997 an F-1 paddle-type gearbox was introduced for the first time in any street Ferrari, and was available in all three body types.

A total of 11,165 Ferrari F355s were built during their 5-year production run, and they can be thrilling cars to own and drive as long as potential owners are aware of some common maintenance issues. Engine header and valve-guide problems are relatively common on 355s and can be very costly to fix. For this reason alone, a careful study of all service records prior to purchase is recommended. Cars with F1 transmissions employ an electrically driven hydraulic pump for gear changes that can be equally wallet-draining when it stops working. Some feel that the first year 1995 cars with their OBD1 electronics and Bosch 2.7 engine control units are easier and simpler cars to live with, and they are also slightly more powerful than subsequent cars. Cosmetically, buyers need to keep an eye out for dashboard leather shrinkage as well as interior plastic parts that get "sticky" over time. These issues are somewhat common with Ferraris of the era and can be remedied by specialty shops, but represent a hidden cost to those not sensitive to the problem.

Vehicle specifications

  • Wheel Base Shortest - Inches96.5
  • Wheel Base Longest - Inches96.5
  • Shipping Weight2976
  • Drive TypeRWD
  • Manufacturer NameFiat
  • Front Tire SizeUnknown
  • Market SegmentationPrestige Sport
  • Manufacturer CodeC133
  • Front Tire Size CodeU

Equipment

  • StandardOptional
  • Restraint typeDual Front Air Bag/Active Belts

Equipment

Standard

  • Restraint typeDual Front Air Bag/Active Belts
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Common Questions

The value of a 1997 Ferrari F355 Berlinetta can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $138,000 for a 1997 Ferrari F355 Berlinetta in good condition with average spec.

The highest selling price of a 1997 Ferrari F355 Berlinetta at auction over the last three years was $237,500. The highest prices are usually reserved for rare or exceptionally well-maintained examples with desirable features or modifications and excellent history.

The lowest selling price of a 1997 Ferrari F355 Berlinetta at auction over the last three years was $65,284. The lowest prices are usually paid for examples that have extensive maintenance needs, differ greatly from their original configuration, or have accident histories or title problems.

In the last three years there have been 13 1997 Ferrari F355 Berlinettas sold at public auction.

The most recent auction sale of a 1997 Ferrari F355 Berlinetta was $123,282 on November 18, 2024 by Collecting Cars.

Many factors can increase a car's value including excellent condition, exceptional originality, a recent restoration, low mileage, unique provenance, desirable options, popular or unique color choices, and excellent maintenance records. Upgrades and modifications that enhance performance or aesthetics can also add value.

Factors that can decrease a car's value include unusually high mileage, poor maintenance history, visible wear and tear, accidents or damage, title issues, and gaps in ownership history. Additionally, less popular color choices and extensive modifications that don't appeal to a broad audience can reduce value.

Mileage plays a significant role in a classic car’s value. Lower mileage usually increases value because it indicates a higher degree of originality, is rarer, and suggests less wear and tear. However, cars with exceptionally low mileage may also have maintenance needs due to lack of use. Whether someone should pay more for a vehicle with lower miles will depend on how they plan on using it, and the vehicle's specific condition.

The value of modified cars differs widely based on the type and quality of modifications. While some modifications can significantly increase value, especially performance enhancements and high-quality custom work, others may not add much or could even detract from the car’s value if they appeal to only a limited audience.

All prices shown here are based on various data sources, as detailed in About Our Prices. The Hagerty Price Guide is for informational purposes only and is not intended as financial advice. More information on how forecast models are calculated can be found on Forecasted Values page. For additional information and a complete description of benefits, visit hagerty.com/legal. Purchase of insurance not required for membership in HDC. Hagerty, Hagerty Valuation Tools & Hagerty Drivers Club are registered trademarks of The Hagerty Group LLC, ©2025 The Hagerty Group, LLC. All Rights Reserved. The Hagerty Group, LLC is a wholly owned subsidiary of Hagerty, Inc.