Extended warranty? | FerrariChat

Extended warranty?

Discussion in '458 Italia/488/F8' started by [email protected], Mar 26, 2018.

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  1. boeckhone@msn.com

    [email protected] Rookie

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    Hi guys. Getting close to buying first Ferrari, a low mileage 2015 458. Is it worth $3600 for 12 months extended warranty? The 1 owner car has sub 3000 miles? What are the odds on of major issue in next 1500 miles? I know its a matter of risk tolerance but just curious what experienced owners would do.
     
  2. greyboxer

    greyboxer F1 World Champ

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    Welcome & good luck with the purchase - the warranty gamble is a very popular theme so you could usefully look at some of the recent similar threads for background
     
  3. Shadowfax

    Shadowfax F1 Rookie BANNED

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    It's always a gamble running a car like this with no warranty....you can't escape it. If you have the coverage nothing ever happens - if you don't, something always happens that leaves you kicking yourself. I would dread to imagine how painful it would be in a Ferrari. And don't let the low mileage fool you. There are no free lunches. Try to negotiate the warranty into the purchase.
     
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  4. bball16

    bball16 F1 Rookie Rossa Subscribed

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    I always take the warranty for the first year. At the end of the year you will have a good idea what the condition of the car is.
     
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  5. JimPVB

    JimPVB Formula Junior

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    I would always take the warranty extension on a used car that is new to me. I do this because I can afford it, and because I prefer to not be thinking about potential issues when I'm driving the car. Are these extended warranties worth the cost? Absolutely not.......unless your car develops a major problem.

    (BTW, that's a reasonable cost if it's for the "bumper-to-bumper" version, versus power train only, assuming that's what it is.)

    Jim
     
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  6. Cigarzman

    Cigarzman F1 Veteran Owner Rossa Subscribed

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    Jim , I’m thinking it’s not the “bumper to bumper” version. I recall that was 9900 for 2 years because that’s what I paid around three years ago. Unfortunately or maybe fortunately I never got to collect on it. Ferrari won that bet but , I slept well at night. Best , Kirk.
     
  7. Solid State

    Solid State F1 World Champ Owner Rossa Subscribed

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    A much bigger bite on a V12 for sure. Peace of mind comes at a price. Maybe look at it as a single sting as the cash departs but 365 nights of potential good sleep.
     
  8. boeckhone@msn.com

    [email protected] Rookie

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    Thanks for all the great advise. I was able to get the warenty bundled into the deal. I’m planning to finalize the deal Saturday after final inspection. I will ask to put it up on a lift to inspect for obvious issues (leaks, scrapes, etc.). I’m new to Ferrari and certainly not a mechanic. I know I could hire an inspector to check it out but since it’s dealer certified with under 1500 miles I’m probably going to risk bypassing that expense. From experienced Ferrari buyers, is there anything in particular I should be looking for on this 458 Italia?

    Walter
     
  9. 95spiderman

    95spiderman F1 World Champ Silver Subscribed

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    Look up 458 buyers guide in forza mag for things to look out for
    get ppi done though! Doesn't matter if from ferrari dealer or not. And odometer roll back is not uncommon either
    good luck
     
  10. JimPVB

    JimPVB Formula Junior

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    Yes Sir, I thought perhaps they offered him a discount on the 1 year as part of the purchase.

    Jim
     

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