The 360 Challenge is the factory-built race car for Ferrari's one-make Ferrari Challenge Trofeo Pirelli series, based on the Modena but stripped to a caged race interior with a single seat, slick tires on center-lock wheels and the F1 gearbox recalibrated for the track. The 3.6-liter F131 V8 is in race tune, and the car is not road registered.

It sits between the road cars and the later road-legal Challenge Stradale, and it is the machine that gave the CS its name and much of its hardware philosophy. Because it's a track car, it is bought and run as a race machine, not a street car, and its value turns on race and damage history.