FERRARI F355 (1998)
Running costs, reliability data, and common problems from 515 real MOT tests.
Annual Cost
£2,607
£217/month
MOT Pass Rate
92%
Excellent
Road Tax
£760
Based on CC/year
Insurance
Grp 35-50
3496cc Petrol
Great Choice
92% pass rate, £2607/year to run. 10 points above average.
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Annual Running Costs
~30 mpg
Based on 3496cc
Low estimate due to excellent reliability
Based on 7,400 miles/year (UK average), current fuel prices, and repair likelihood from MOT data. Insurance not included.
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Reliability Verdict
Excellent reliability. Very few MOT failures. That's 10 points above the national average of 82%. It falls below the FERRARI brand average of 96%.
At 28 years old, 92% of FERRARI F355s from 1998 passed their MOT first time in 2026. That's based on 515 tests across the UK. The average mileage at this age is 29,762 miles.
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How Does It Compare?
Mileage Analysis
29,762
Average miles
207,200
Expected for age
The average 1998 FERRARI F355 has 29,762 miles on the clock, which is significantly below the expected 207,200 miles for a 28-year-old car. Low-mileage examples may have spent time sitting unused, so check for issues like corroded brakes or perished rubber seals.
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Best Year to Buy?
The most reliable year is the 1995 model with a 97% MOT pass rate, while the 1998 model has the lowest at 92%. Consider a different year if reliability is a priority.
FERRARI F355 by Year
Similar Cars to Consider
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About the 1998 FERRARI F355
The 1998 FERRARI F355 is a luxury with a 3496cc petrol engine. 515 of these vehicles were MOT tested in 2026, making it a less common model in the UK market. It ranks in the top 7% of all 1998 cars for reliability.
With an average of 29,762 miles at 28 years old, FERRARI F355 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 F355 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 F355?
Total estimated annual running cost is £2,607 (£217/month), broken down as £1592 fuel, £760 road tax, £55 MOT, and £200 predicted repairs. The low repair estimate reflects the excellent 92% pass rate. These cars rarely fail their MOT, so unexpected bills are less likely.
FERRARI F355 Reliability Trend
The FERRARI F355 has maintained consistent MOT pass rates across model years, varying by only 2 percentage points.
Buying a Used 1998 FERRARI F355
At 28 years old, the FERRARI F355 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.
Common Issues to Watch For
Based on the 1998 FERRARI F355's fuel type, age, and engine size, these are the most likely problem areas to check.
Timing Chain / Belt
Watch outAt 28 years old, check whether the timing belt has been replaced (typically due every 5-7 years or 60,000-100,000 miles). A snapped belt can destroy the engine.
Oil Consumption
Medium riskLarger petrol engines can develop higher oil consumption as they age. Check the oil level and look for blue smoke from the exhaust.
Rust and Corrosion
Watch outAt 10+ years, check wheel arches, sills, subframe, and brake lines for rust. Structural corrosion is an MOT failure. Prevention is far cheaper than repair.
Suspension Bushings
Watch outRubber suspension bushes harden and crack with age, causing knocking noises and vague handling. A full refresh costs £300-£800 depending on the car.
Service History
Low riskAlways request a full service history. Regular servicing is the single best indicator of how well a car has been maintained, regardless of mileage.
Running Costs Compared
How the 1998 FERRARI F355 stacks up against similar cars for annual running costs, insurance, and tax.
| Car | Pass Rate | Fuel/yr | Tax/yr | Insurance | Total/yr |
|---|---|---|---|---|---|
| FERRARI F355(1998) | 92% | £1592 | £760 | Grp 35-50 | £2607 |
| BMW Z3(1999) | 78% | £1592 | £250 | Grp 35-50 | £2397-£210 |
| PORSCHE 911(1999) | 87% | £1592 | £250 | Grp 35-50 | £2247-£360 |
| JAGUAR XK8(1997) | 81% | £1592 | £250 | Grp 35-50 | £2247-£360 |
| JAGUAR XJ(1998) | 77% | £1592 | £250 | Grp 35-50 | £2397-£210 |
Estimates based on 7,400 miles/year, current fuel prices, and MOT data. Insurance groups are indicative. Actual costs vary by driver, location, and usage.
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