1998 Ferrari 550: common problems and reliability

1 owner complaint on record.

Most complaints are about air bags. 2 recalls.

Should I buy a 1998 550?

The 1998 Ferrari 550 has 1 owner-filed NHTSA complaints and 2 recalls on record. The most-reported areas are air bags.

Safety record for the 1998 model year

1
Owner complaints
2
Recalls
0
Crash reports
0
Fire reports

Source: NHTSA complaints and recalls filed for 1998 Ferrari 550 vehicles (US, public record).

How we score it

Where owners report problems

air bags
1

Recalls affecting the 1998 550

fuel system, gasoline:delivery:hoses, lines/piping, and fittings

Campaign 98V268000

VEHICLE DESCRIPTION: PASSENGER VEHICLES. THE FUEL SUPPLY AND RETURN LINES CAN LEAK WHERE THE FERRULE OF THE UNION MEETS THE FLEXIBLE PIPE ALLOWING FUEL LEAKAGE.

steering:hydraulic power assist system

Campaign 99V166000

VEHICLE DESCRIPTION: PASSENGER VEHICLES. THE STEERING MAY BECOME STIFF DUE TO OVERHEATING OF THE POWER STEERING FLUID CAUSING DAMAGE TO THE HYDRAULIC SEALS IN THE STEERING BOX AND STEERING PUMP.

What owners say across generations

Owner sentiment is highly positive, characterized by deep appreciation for its classic front-engined V12 GT character, timeless design, and analog driving experience.

Owner insights cover all generations of the 550. See the full 550 owner picture and every model year.

Typical used price

Used 550 listings typically run $330,313–$650,411 across 1997 to 2001 model years.

Other 550 model years

Compare every 550 year side by side to see how 1998 ranks against the rest.

Compare the 550 against its rivals

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