488 Would you extend a ‘17 488?

i stopped extending. i believe there are several threads on this where a few members ran calculations based on what is paid versus how often they are used. the synopsis was that extended warranties are not worth it

 

Nope.

 

I want a warranty for this first year of ownership of any used car. Then I try and stress test the car that first year.

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you can get it for 9k.

no right or wrong answer. It comes down to your personal level of risk taking/aversion and your reserve of fixing something big.

 

This purely IMO I would because these 2 years are a full factory warrantee , everything is covered. Frankly I will do the same next year as mine is a 2018 .

However these cars should have 7 year warrantees by now. Look at the rest of the markets **** even a Hyundai has 7 years.

 

Would not extend. 458 and later are very reliable cars. Even if things do go wrong, the payout would have to exceed $10K for it to be work it. Even if you had a transmission failure (which is extremely rare), you are still only going to be net -$10K or so.

 

for both my 458 and FF, I have both 2 years extended warranty, never got to use it

 

There have been many discussions.
This poll may help you understand the implications and make the decision that works for you.
https://www.ferrarichat.com/forum/threads/a-poll-to-decide-if-a-warranty-is-worth-it.588663/

 

unless you drive 5k miles per year you'll hardly spend 10k on repairs-say no!

 

I got an extension my my '18 488. At the time of purchase, the dealer charged me $5000 for 2 additional years and they are transferable to another owner. I thought it was worth an investment especially if I decide to sell my car in near future.

 

I got one on my 2014 458 for 2 years but it was only around $5,000 $10k seems very high

 

The reason you are getting different prices is because there are two different warranty being discussed....

Warranty Extension is literally an extension of the original factory warranty. This option may be purchased before the factory warranty expires.

New Power Warranty is a limited coverage warranty that can be purchased year to year. This may be purchased from the 4th year to 15th year

V8 Pricing:

$4.500 One year of New Power Warranty **
$6,300 4th year Warranty Extension
$9,900 4th & 5th year Warranty Extension



** IF , a Ferrari is purchased through a Ferrari Dealership as CPO, there is a special where the buyer would get 2 years of New Power Warranty for the price of one.



Hope this helps,


Steve

 

Ferrari sales managers recommending a 10k purchase? You don’t say. Never would have expected that!

Them recommending it should tell you right there that you shouldn’t buy it. Lol

 

Valuable info.

 

Peace of mind is nice to have. But, if you purchased through a dealer than $10K is way high. They usually offer 2 yrs for half that which is worth it imho. By the way...you'll love the 488... It Rocks!

 

I own a 2016 and opted to purchase the extended two year warranty. I sleep better at night not having to worry about paying for repairs small or large. One year in I have had about $7000 of covered items repaired. Headliner was replaced, persistent check engine light diagnosed and corrected (this one took a couple of weeks of diagnosis). Broken front hood latch is currently being replaced. Maybe these items could have been repaired for less at another shop but personally I prefer only having my local Ferrari dealer touching my car.

Scott

 

Negotiate with the selling dealer to have them throw it into the deal. At least one year anyway.

 

There was a recent bulletin i was told....they are offering the factory extended 2yrs (not power) for 5k for two years..it was a no brainer for me..covers everything