In 1995 Ferrari introduced a race ready F355 Challenge model for use specifically in the Ferrari Challenge. The Ferrari F355 Challenge model is created by starting with a standard Ferrari F355 Berlinetta model and modifying it with a $30,000 factory-to-dealer supplied kit. The kit requires 110 hours to install, and includes the following components/modifications[4]:

  • Competition clutch
  • Competition steering wheel
  • Lightweight exhaust
  • Rollcage
  • Racing seats
  • Safety harnesses
  • Fire extinguisher
  • Engine cutoff switch
  • Carbon fiber rear wing
  • Upgraded 14" Brembo brakes
  • 18" Speedline wheels
  • Pirelli racing slicks
  • Solid suspension bushings and competition springs
  • Rear brake cooling ducts
  • Challenge black rear grille

The F355 Challenge shares the same engine performance and physical dimension specifications as the original. 108 were produced, all with the 6-speed transmission. Each F355 Challenge has an emblem on the rear that specifically denotes 'F355 Challenge'.