2006 612 - warranty or not?

7 and a half k dollars/year ? Lol ? a 458 is 4,5k ! My suggestion ? Don't buy it. Too risky. And I am not talking about the warranty.

 

Its great peace of mind, I would try to get them to throw in a couple of years, that's what I did with my car, I bet they don't pay $7500 a year. Make sure you get in writing, my dealership was trying to do me out of a year, but I have it in writing from the sales man, so they will be hard pushed not to add it on. Having a warrantee also helps if you need to resell as its transferable.

 

I wonder why it's $7500. I just bought a Cali with "New Power" warranty that covers the engine, trans and top and it was $3600 per year for up to 12 years from date of manufacture.

 

I've had only one unexpected expense on my 06. In the last almost 2 years...gasket replacement. I did not get an extended and I think $7500 is way too much. Peace of mind though would be great if they added more years or cut the price way down.

 

Frequently the clutch reading is remaining life, confirm that. It depends on how you drive, but I hear 25-30k miles for a clutch, more for some.
I heard tie rod ends can be suspect. Other than that, sticky parts, dash shrinkage and headliner are weak spots.
Mechanically, the V12 and F1 have been pretty reliable from all accounts I have read.
I had a steering rack go bad ($10k)
My 612 warranty was also in the $3600/yr range (CPO warranty, the New Power is their new program I am told) for an '05. I think the dealers have a cost, and then sell the warranty for cost +. It sounds like your dealer is looking for a big profit. AFAIK, any dealer can warranty the car after an inspection and compression test. Check around.

If you're going to worry about it, you're not going to enjoy it. Make a great deal and drive without worry or regret.

 

Well I guess it depends on your risk tolerance, but I think spending that much money each year on this car is way too expensive. In general most extended warranties on anything are not sound buys.

 

Insurance companies employ plenty of actuaries who do the numbers. Then they do them and mark that number up to sell it to you. It's never a good bet (if it was, there would be no insurance companies,) but sometimes I feel it's worth it for my own stress free enjoyment.

 

I'd say no to the $7500 warranty. In my experience, my car has been quite reliable. Aside from minor niggles here and there, and consumables, I haven't had any large issues - and certainly nothing more than $7500 per year.

As an example, during a 12 month period, including the 5,000 mile service and other little matters on my 2006, I spent not more than $4,800. (And the major milestone service would not be included in your warranty anyway, nor would consumables).

Buying a Ferrari is never a 'conservative' purchase. But if you are pro-active with regular service, I think the odds are well in your favor (with a good quality 2006).

 

I have a 2005 612 that I've had for a couple of years.
I have spent money on the car but mostly on servicing and tyres which wouldn't be covered by a usual warranty. The other things (mirror switch, TPMS sensors etc) would probably not come to more than £1000 in total...
Hope that helps.

 

I think that they are selling the waaranty at too high price, my 599 is about $5600 per year. I had a 612 previuosly, and boy i was glad i bought the warranty. I had lots of problems. Shop around on the warranty. You can buy it from any dealer as long as you meet the requirements.

 

I didn't have a warranty on my '08 612 but the previous owner had a transmission issue and had to replace it for ~$17k.

I have a '10 458 now that's out of warranty and am considering getting it for $4500.

 

I just purchased a 2007 599 with 28,00 Kilometers (in hong kong). I opted for a one year power warranty for peace of mind. It was around US$ 5000 for the year. I figure if something is wrong I'll find it in the first year. Otherwise from reading these cars are pretty reliable. Your right 30k is too much.

 

FWIW , the Ferrari backed " New Power Warranty " would run $5760.00 per year, on a year to year basis for any V12**

It would have to be inspected and meet the requirements, like be current on services, etc.

Also, there would be renewal discounts and no claim in the previous year discounts available after your first year of coverage!

S

p.s. V8's would run $4500. per year and cars still under factory warranty have warranty extension options as well!

**10 years or newer, under 56k miles, no major accident history.

LMK if you have any questions, happy to help!

Steve

 

Does the car need to be purchased from a Ferrari dealer to get this coverage? Specifically, can I buy the car from a private party and then get it inspected by a Ferrari dealer, brought up to specs and then buy the power warranty?

 

Does not need to be purchased from a Ferrari dealer.