FERRARI 355 (1998)
Running costs, common problems, and reliability data based on 44 real MOT tests in 2024.
MOT Pass Rate
95%
Total Tests (2024)
44
Avg Mileage
25,039 mi
Est. Annual Cost
£2,097
Is the 1998 FERRARI 355 reliable?
Excellent reliability. Very few MOT failures. That's 13 points above the national average of 82%.
At 26 years old, 95% of FERRARI 355s from 1998 passed their MOT first time in 2024. That's based on 44 tests across the UK. The average mileage at this age is 25,039 miles.
How does the 1998 FERRARI 355 compare?
Mileage Analysis
The average 1998 FERRARI 355 has 25,039 miles on the clock, which is significantly below the expected 192,400 miles for a 26-year-old car. Low-mileage examples may have spent time sitting unused, so check for issues like corroded brakes or perished rubber seals.
How much does a 1998 FERRARI 355 cost to run?
Based on 7,400 miles/year (UK average), current fuel prices, and repair likelihood from MOT pass rate data. Insurance not included.
FERRARI 355 by Year
Checking a specific FERRARI 355?
Enter the reg plate to see its individual MOT history, mileage verification, and predicted costs.
About the 1998 FERRARI 355
The 1998 FERRARI 355 is a luxury with a 3496cc petrol engine. 44 of these vehicles were MOT tested in 2024, making it a rare model on UK roads. It ranks in the top 5% of all 1998 cars for reliability.
With an average of 25,039 miles at 26 years old, FERRARI 355 owners tend to use this car less than the typical driver. Very low mileage could mean the car has been garaged or used only for short trips, which can cause its own issues like battery drain and moisture buildup.
1998 FERRARI 355 Fuel Costs
The 3496cc petrol engine is on the larger side, so fuel won't be this car's strong point. Expect around 30 mpg in mixed driving, which works out to roughly £1,592 per year at current petrol prices of 142p per litre (based on 7,400 miles per year).
What does it cost to own a 1998 FERRARI 355?
Total estimated annual running cost is £2,097 (£175/month), broken down as £1592 fuel, £250 road tax, £55 MOT, and £200 predicted repairs. The low repair estimate reflects the excellent 95% pass rate. These cars rarely fail their MOT, so unexpected bills are less likely.
Buying a Used 1998 FERRARI 355
At 26 years old, the FERRARI 355 is firmly in budget territory. Purchase prices are low, but check for rust, worn suspension bushes, and electrical gremlins. A full service history is especially valuable at this age. Note: with only 44 tests in our data, these figures should be treated as indicative rather than definitive.
Alternatives to the 1998 FERRARI 355
The FERRARI 355 is actually the most reliable option among similar petrol luxurys from this era. Here are comparable petrol cars with similar engines:
- BMW Z3 (1999) 78% pass rate (-17%) from 8,191 tests
- PORSCHE 911 (1999) 87% pass rate (-8%) from 3,668 tests
- JAGUAR XK8 (1997) 81% pass rate (-14%) from 3,443 tests
- JAGUAR XJ (1998) 77% pass rate (-18%) from 2,154 tests