F430 price negotiated, now CPO question

It's your call. Pay the 3500 or not. I'm not sure how anyone here can tell you what to do. You haven't provided any info; miles, color, options, PRICE, etc. I imagine you have compared prices on similar cars so you should know if it is fair or not.

 

You mention "after we worked out a deal" they want more money. Was CPO part of the deal or did you bring it up afterwards? CPO costs them considerable time and money (paid to FNA). If you agreed to a price without it, I would consider that a done deal and CPO is now a separtate issue. If you think they were less than honest negotiating, you can always tell them to include it or you will walk. Just make sure you really are willing to walk. It's amazing how many car deals I made when I was halfway through a door.

Dave

 

I got the CPO... worth the peace of mind. To others it's a waste. Totally up to you.

 

Yep, at the end of the day, a modern Ferrari is just another car. A really cool and desirable car to be sure, but fundamentally no different than a Toyota.

Dale

 

I've bought cars sight unseen, but I've had 3rd parties "look" at the car for me. Has the car been serviced recently? PPI?
CPO is totally your call. I have an 05 Spider with no warranty - very reliable.

 

Check sites like Used Cars, New Cars, Reviews, Photos and Opinions - CarGurus, they show price changes. (If the dealer lowered their price)

 

I would never view a CPO review as a substitute for a PPI, even with Ferrari. Most CPO programs, I believe including Ferrari's, allow damaged and repaired/repainted cars to be sold as CPO.

I personally got screwed on this years ago buying a CPO BMW convertible without a PPI. It turned out to have replacement hood and fenders with a poor paint job that didn't hold up. The dealer knew it but didn't disclose it, and it wasn't on the CarFax. Harmed the tradein value significantly down the road too.

If the dealer will allow a PPI, you should do one regardless of the CPO. What the others have said about CPO cost is right - it does cost the dealer, but I'd challenge them and maybe even contact FNA to find out if all cars listed as CPO are "CPO eligible" or already certified.

 

A couple of points. First, some Ferrari dealers in California will not allow an independent PPI. Are you sure your place will? Second as I understand it, the extra money you pay doesn't buy a CPO. Rather it buys a 1 year Power Normal Warranty. However the car must be a CPO car in order to buy the Warranty. As an earlier post stated, there is a difference between being CPO and being eligible for CPO status.

 

I have bought a hi end car long distance. They screwed me and were a pain. The car was fine ( a Mercedes) but a bunch of stuff was missing. If you don't have time to look at it don't by it. Car fax not ready yet? It takes seconds. Be patient there are lots of 430's wait till one you like shows up locally.

 

I personally don't buy that. Just because they are a Ferrari dealer shouldn't exempt them from allowing a PPI or at least some 3rd party inspector. If they don't allow it, or allow a 3rd party inspector, I'd be suspect.

I know PPI's don't catch everything but you want to try to cover all basis. When was the last service on the car?
Another thing you don't know if not seeing the car or having it inspected is the wear and tear - both interior and exterior.
I had a detailer once look at my now AM DBS and took several photos for me showing small signs of wear such as driver leather bolster, side sills scratches, door rubber trim wear. I was able to replace all that but owner never revealed all this.

 

Post the dealer: if its FOSV, they allow independent PPI's. the bigger problem is getting a PPI done by an indie house. I had a really hard time finding someone who would do it on my 575m when I purchased from FOSV. Seems there is some wacky Cali law that if a PPI is done and you find issues after the fact, you can sue the shop. Maybe my guy was paranoid but he had a good rep.

 

Then you do NOT have a "deal". In fact, until the dealer or sales manager has signed it, you won't have a deal even if you have some paperwork in front of you.

Feel free to press as hard as you like on getting them to CPO the car as a part of the price, but don't think for a moment the CPO replaces a quality PPI. That said, even a quality PPI can miss something. In the world of Ferrari as I understand it, CPO doesn't automatically mean extra warranty either, you should verify exactly what this will add to the deal regardless of whom will be paying for it.

What others said about California is true. Very hard to find an independent willing to take the PPI job in the land of I'll sue you because my Latte was the wrong temperature.

Good luck!

 

Interesting to learn that even if a car is on Ferrari Approved's finder, it might not be Ferrari Approved. Would also be interesting to learn who allows that to happen.

Hope this one works out for you, but I gotta ask, what inspired you to overlook Foreign Cars Italia, our friendly local dealer in Greensboro? They always have tons of 430s ready to go, and Hank Carpenter is an FChatter well known for taking good care of customers. I've never bought anything there but a coffee cup, and nobody's perfect I suppose, but I've never heard a bad word about FCI.

 

It may just mean what it says. It is approved for Ferrari CPO warranty. Then it is up to the customer to decide if they want the extra peace of mind. Not all cars will qualify for CPO, so it is relevant and leaves the customer with maximum flexibility.

If you are new to Ferraris note that there are different levels of CPO warranty. Depending on "age" it may qualify for different levels. If you do a search in this section you should be able to locate some official info from Ferrari.

Jes

 

Great people that work there! Had the pleasure of meeting them. If they had the right car I'm looking for, I'd buy there just based on the customer service alone.

 

To me, the price for the warranty sounds fair. I bought a 430 through a dealer last year. It was eligible for CPO. They gave me two prices; the price with the warranty was $3K higher than the one without. Being a nervous, first time buyer, I took the warranty. It just ran out, unused.

 

The brochure http://www.ferrariapproved.com/assets/pdf/FNA/Approved.pdf says every such car comes with a minimum 12-month warranty against "breakdown and repair costs" excluding wear and tear. "Please refer to the appropriate Ferrari booklet for full terms and conditions." To me this means the advertised price includes the minimum warranty at least. That and the tech inspection would mean a whole lot in my decision to buy an Italian exotic with fantastically high labor and parts costs. I would be pretty cheesed if we got close to signing papers and the dealer suddenly said the CPO part of the deal would be $3,000 extra.

Now if the dealer offered, after I read the whole detailed booklet, something more than this in return for a higher price, sure.