The 360 Modena Challenge is the racing version of the 360 Modena. It was specially designed for the customer who wants to race in the Ferrari Challenge Trofeo Pirelli, an international single marque racing series. The 360 Modena Challenge offers a significant improvement in racing equipment for customers who wish to take a Ferrari to the track and engage in serious competition.

The 360 Modena Challenge has sophisticated features including: The F1-gearbox, the only transmission offered; reduced dry weight of 2579 lbs, 331 lbs less than the 355 Challenge car it replaced, achieved largely through the extensive use of aluminum as in the standard car; a fuel tank designed in accordance with FIA-standards, with a capacity of 26.4 gallons and two filler pipes for fast fuelling; an engine is identical to that of the road-going 360 Modena - a 3.6 litre 90º 3.6 liter V8 with maximum power of 400bhp; special Brembo brakes; BBS wheel rims with P Zero slick Pirelli tires; a special racing seat with a six-point harness; an