296 Values and Used Market

Why would you just replace the battery ?

 

This chart may have gray and silver confused. The “typical names” under “Silver”, such as Grigio silverstone and Ferro, are actually Gray colors. Grigio Alloy, down at the bottom is more of a silver color. Traditional Ferrari silver is Argento Nurburgring. Also, Sanu silver is an epic color btw, have to see in person to truly appreciate it.
Anecdotally, my experience is that gray commands more value than silver, so maybe Grigio is in fact not dead last!

All that being said, buy a color that makes you smile a bit wider when you’re walking to your car!

 

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I think it's more than just drivetrain - i.e. includes windows, AC, etc.

But it doesn't include host/gasket failure and anything stemming from such failures. I think the new car warranty does but not positive.

 

Answer: Degradation or eventual failure outside the factory warranty and government regs.

The cost to replace the high-voltage hybrid battery (HVB) in a Ferrari SF90 or 296 is approximately $20,000, excluding labor costs, so add in another $10,000 (just a wag) and it's $30,000+/-. So for $37,500, you get full warranty on the car, plus an automatic replacement of the battery. See the table below. The "Warranty Extension Hybrid," is the extended warranty that extends the full factory warranty, and IF you keep it continually, then in year #8, Ferrari will replace the battery whether it needs it or not. AFTER year #8, you can get a "Power Hybrid" warranty, but it is limited to the powertrain/hybrid system, and IF you keep that one for another 8 years (I know this doesn't apply to anyone here), at year #16, they will replace the battery again. This is all outside of a failure of the battery within 5 years (Ferrari), or any Federal requirement that requires a replacement within 8 years due to failure.

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Ferrari hybrid warranty is 7yrs, not 5- and that’s assuming they don’t have to honor the Federal Law (8 yr).

Hybrid batteries have a long history of longevity exceeding 100,000 miles. Ferrari has superior cooling technology. Nothing lasts forever and I don’t understand the FUD regarding Ferrari’s hybrid. On the other hand, cars that aren’t properly maintained- not driven and not plugged in- will have problems- and the warranty may not even cover these cars.


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I may order one for a semi daily.

 

So does this wrranty extension 3-8 years, being a "whole car warranty" is this a bumper to bumper warranty? Suspesion components etc. ?

 

I think we’re making too much of this hybrid battery issue cause I did the same thing a month ago and I realized that these prices are sky high for right now they will come down and I still got six years left of warranty on the hybrid, so why worry so much now?

 

... and most Ferrari owners will not keep their car for 8 years, so why would they pay in advance for a following owner who'll get a battery replacement at the 8th year?

 

outside the US the warranty is 5 years

 

My understanding is this for years 4 through 8:

1. Only one flavor of extended warranty exists for the 296
2. Cost is $7,500/year (an extension of bumper-to-bumper)
3. There is not a separate "battery" warranty
4. IF you keep the extended warranty for 5 consecutive years, Ferrari will replace the battery in year 8 as part of the warranty

None of this probably matters, as it will be applicable long after we've all traded our 296's for the next fill-in-the-blank supercar

 

OK, but to be clear at least on my side we do have a seven year warranty from the initial date of purchase correct because that was changed a couple of months ago ,before that it was unclear and it was changed by FERRARI.

 

I think you actually have an 8 year warranty, as US Federal law mandates minimum warranty coverage for hybrid (and electric) vehicle batteries by automakers of at least 8 years or 100,000 miles, whichever comes first. If the battery fails or its performance drops significantly* within the warranty period, the manufacturer is obligated to replace or repair it. After the warranty has expired, replacement becomes the owner's responsibility.

This warranty is a regulatory requirement under federal emission performance standards—not an obligation to proactively replace batteries at a certain age or mileage (which Ferrari does at year #8 if you have had the Extended Warranty in place all that time). In California and other CARB (California Air Resources Board) states, the mandate is more stringent: hybrid batteries must be covered for 10 years or 150,000 miles.

I think the takeaway is that you're covered against failure or severe degradation within 8 years, which I doubt any of us will have these cars then. So the real consideration is really whether or not to get the Extended Warranty for everything else it covers.

* usually defined as a degradation of 20 to 30% of battery range

 

More clarification. It looks like Ferrari only warranties the battery for FIVE years (see image from Ferrari’s site, attached). This differs from the screen cap that @x z8 posted above. If this is true, then the Extended warranty becomes much more important (and valuable) as it relates to the battery, since replacement (in the range of $20 for battery plus $5 or $10 for install) is quite expensive. I suppose one can try and fight Ferrari in US court to adhere to the US Federal requirement of 8 years, but if I’m Ferrari and I want to only warranty it for 5 years, then I’ll fight you. I've had too much experience with corporate litigation to get into that sticky wicket; hence, my desire to figure out before I buy.
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Link: https://www.ferrari.com/en-EN/auto/car-part-services-warranty-maintenance

 

Eye-opening: 296 owners are not covered free under the 8-year Federal battery requirement

Ferrari only warranties your 296 and SF90 batteries for 5 years, per the Ferrari site. But the Federal requirement is 8 years, so it didn't make sense, until this:

How Ferrari Complies in the U.S
The Warranty Extension Hybrid program allows extension of the standard 5-year warranty to 8 years, at which point Ferrari will replace the high-voltage battery at no extra cost to the owner. This Extended warranty ensures that the cars sold and warrantied in the U.S. meet federal durability requirements (the 8-year requirement), effectively bringing Ferrari in line with U.S. law once the extension is purchased (operative word here is "purchased" at a cost of around $7,500/year).

So unless you buy the Extended warranty, you have no coverage after year 5 on the battery and system, and if replacement is needed either due to failure or significant degradation, you're probably looking at a $30,000 bill. Personally, I think I'll be all-in on the Extended warranty...big piece of mind and unlimited zero-cost repairs on the car after the yearly warranty bill.

 

According to some owners manuals shown here, the warranty in the US is 7 years, 5 years being for the rest of the world.
Being in line with a law only if something (a warranty extension) is bought on top of the car purchase does not really make sense to me.
It's like selling a car without safety belts or airbag and saying it complies because the buyer could buy and install optional safety belts and airbag.

 

I totally agree, and I can't find the specific language in the Federal reg that says how this is a loophole.

 

Careful trusting your AI system. It now says this, as I've pinged on it repeatedly to point out discrepancies:

Where My Earlier Statement Was Incorrect:

• My earlier description mistakenly suggested that Ferrari’s base compliance with U.S. law might, in practice, rely on a customer purchasing the expensive extension. That is not permissible for federal warranty coverage.
• The law requires all new U.S.-sold vehicles (subject to the hybrid/EV battery warranty) get 8 years/80,000 miles warranty coverage on the battery at no cost.
• Ferrari’s extended program is an optional paid feature and cannot be the mechanism for regulatory compliance in the U.S.
  
  Takeaway: We are back to 8-year coverage by Federal reg.
  Apologies for the confusion

 

I paid $6800 for a TWO year extension. No replacement battery (which is covered by the factory hybrid warranty of 7 years).

 

Great deal on the extension as that's less than 50% off. I think there's some confusion about "replacement." Your battery is covered for 8 years (if you are in the US), per federal regulations, for failure or significant degradation. If you have the Extended warranty continuously, Ferrari "replaces" the battery in year 8 at no charge, whether it has degraded (less than the Federal requirement) or not--so it is a new battery.

 

* more than 50% off!

 

Here's a speciale with mismatched gtb wheels
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why do they put those zebra patches all over the cars?

 

This is a lot of angst over a 25 year old technology that's been deployed in volume and at scale across every major automaker. I just don't get it. Given how much these cars are driven, unless you're doing multiple deep discharges every time you get into the car for a decade, this is a non-issue.