1998 FERRARI 355 F1 GTS - 15,297 miles

This Ferrari 355 F1 GTS is a stunning example of one of the marque’s best all-round supercars, presented with very low mileage from new and finished in the ever-popular Rosso Corsa over Crema factory colour scheme. Under the engine lid is the 375bhp 3.5-litre naturally aspirated V8, which drives the rear wheels via a six-speed ‘F1’ electro-hydraulic automatic transmission. The odometer shows just 15,297 miles from new.

First registered in September 1998, its logbook lists only one prior keeper, and the car is now offered for sale by its second owner, who acquired it 19 years ago.

Today, this modern classic Ferrari’s sculpted bodywork is in superb condition, with impressive shut lines and certainly no signs of damage to its panels. Having been resprayed in the past, the Rosso Corsa paintwork has a vibrant and glossy appearance around the car, with only a small stone chips to the front end, in line with its road use. The light lenses are also in great shape, and the door, window and roof seals are in very good order. This 355 rides on the correct set of 18-inch magnesium alloy wheels, which feature some minor bubbling beneath their silver paintwork but present well overall.

In the cabin, the Crema leather upholstery is very smart. While there is some wear to the driver’s seat bolster and a slight discolouration to the outer side of the driver’s headrest, these are minor imperfections, and could be easily improved. Elsewhere, the interior trim is reported to be in fantastic condition, and the Bordeaux carpets remain bright and undamaged. The plastics are also in good order, pleasingly free of the ‘stickiness’ that afflicts many Ferraris of this era. The car is fitted with an Alpine radio/CD player which suits its surroundings well. The vendor reports that all of the interior buttons, switches and electrical items work as they should, and there are no warning lights displayed on the dashboard.

Offered for sale in excellent mechanical condition; this low-mileage 355 F1 GTS benefits from Ferrari main dealer and specialist service history. Its most recent service was in February/March 2021 at 15,242 miles, when QV London carried out a full service, replacement of the cambelts, and renewal of the gearbox oil. Prior to this, major belt services were also carried out in 2016 at 14,644 miles, 2009 at 13,454 miles, and 2004 at 10,856 miles – with most work during the vendor’s ownership carried out at Paul Hargreaves Racing. Its 2016 cambelt change visit also included new brake hoses, engine mounts and a replacement fuel pump.

The car’s latest MOT test was conducted on 25 February 2021 at 15,194 miles, which resulted in a first-time pass with no advisories. The wheels are fitted with Pirelli P Zero tyres, which the vendor states are as-new, and have covered just 200 miles since they were fitted.

This 355 will be accompanied by all of its original books and the stamped service record, which are contained within its Ferrari-branded leather wallet. Its full tool kit is also included in the sale, and the seller is supplying a lever arch file containing paperwork which details its history from 1998 to the present day.

This Ferrari 355 F1 GTS is a fine example of the marque’s ever-popular 1990s supercar, presented in excellent condition throughout and with just 15,297 miles on its odometer. It would make a fine addition to any collection, and its flat-plane-crank V8 is sure to bring a smile to its next owner’s face whenever they press on towards its 8,500rpm redline.

 Summary of stamped service history:

  • 23/10/1999 – 3,414 miles HR Owen
  • 26/09/2000 – 4,770 miles HR Owen
  • 28/09/2001 – 6,205 miles HR Owen
  • 21/01/2003 – 9,225 miles Paul Hargreaves Racing
  • 12/03/2004 – 10,856 miles (inc. belts, clutch) Paul Hargreaves Racing
  • 20/03/2009 – 13,454 miles (inc. belts) Paul Hargreaves Racing
  • 16/11/2016 – 14,644 miles (inc. belts) Paul Hargreaves Racing
  • 01/03/2021 – 15,242 miles (inc. belts) QV London

The description of this auction lot is, to the best of the seller's knowledge, accurate and not misleading. Collecting Cars requests a range of detail about the lot from the seller, and performs a level of due diligence. However, bidders must satisfy themselves as to the accuracy of the description, and conduct any research they feel is necessary before committing to a bid. Please see our Terms and Conditions for full details.

 

All UK-registered cars and motorbikes on Collecting Cars are run through an online HPI check. This vehicle shows no insurance database markers for damage or theft, and has no finance owing.

 

Please note: the cherished plate shown on the vehicle is not included in the sale. It has been switched back to the original age-related registration of S507 JLO.

Car Overview

  • 15,297 miles
  • semi-automatic
  • RHD
  • Rosso Corsa
  • Crema leather
  • 3.5L V8


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Lot Overview

  • Lot #02842
  • private Sale
  • Enfield , United Kingdom

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1998 FERRARI 355 F1 GTS - 15,297 miles1998 FERRARI 355 F1 GTS - 15,297 miles1998 FERRARI 355 F1 GTS - 15,297 miles1998 FERRARI 355 F1 GTS - 15,297 miles1998 FERRARI 355 F1 GTS - 15,297 miles1998 FERRARI 355 F1 GTS - 15,297 miles1998 FERRARI 355 F1 GTS - 15,297 miles1998 FERRARI 355 F1 GTS - 15,297 miles
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