458 Gearbox repaired

Great news! My dealer here in Austin was just trying to sell me on a warranty extension so I'm tempting fate by refusing

 

Who did you use in Austin, TX?


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Great, but assume you didn't have the power warranty? Mine had same failure and was replaced under power for $40k...

 

The really great thing about DKG transmissions?
They sure are good for sales of extended warranties.

 

I know it’s been discussed before and in their own topics but I’ll never understand why anyone would refuse to buy a warranty… especially on any high line, luxury or exotic… self insuring is just silly


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Even if you could get a warranty for *only* $5k a year, your transmission would have to fail *more often* than once every four years for the warranty to make sense. If you pay $7k a year, then the transmission would need to fail every three years.

 

I guess we are at two different ends of some spectrum on this topic. I've been surprised to find how common it is for Fcar owners here to spend many thousands every year, year-after-year for the "peace of mind" they report experiencing from a warranty. I'm happy to be in the minority on this, but it wouldn't give me peace of mind to spend a total sum over the years that might equal the cost of a catastrophic failure, that the car will more likely never have.

The rates to buy a warranty are calculated by actuaries to assure the warranty provider excellent profitability at the average buyer's expense. I don't see how a decision to save those costs to put towards any future actual problem, rather than spend it ahead on a hypothetical problem, is silly.

Clearly a you-do-you and I'll-do-me situation.

 

I should be more clear.,. I’m not talking about these POWER 15 or whatever type warranties or powertrain only - I’m only referring to full, exclusionary coverage service contracts… factory mirror warranties…

I Also wouldn’t buy the ones that are for engine and trans only or engine, trans and ‘some’ other things like AC… THOSE are better to self insure….

For FULL warranty extensions, CPO extensions, exclusionary coverage (ALL mechanical, ALL electrical with rental, towing and roadside) are a huge value and a no brainer to me




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My 2013 458 is 10 years old, and has had all of the normal services and ONLY a power window regulator fail in ten years. I've never considered buying an extended warranty, and with ten years done, at five grand a year, that's FIFTY thousand dollars that would have gone down the drain. Never had the car towed, never needed a rental. It's almost like people think these cars are just a pile of junk. they're not, drive them and enjoy them. Guess I should deduct ten or fifteen grand for the first few years that was covered. So at 5K a year, I have 35K more without paying for a warranty.

Insurance is almost like gambling- the house almost ALWAYS wins. These policies aren't offered because the companies are losing money, they figure your cars NOT going to break, and the buyers of these policies assumes it will. For every car that breaks, there's probably ten that never do.

 

To me it speaks to the psychology of buying a product with the expectation of catastrophic expenses. If that is the expectation why do it?

From being in that business I do not by the way find fault with having that expectation. Their history of failure combined with the lack of support at a local level aside from complete replacement is unacceptable and a business plan even Ferrari would not have perused not too many years ago.

 

Again, I’m speaking of cars that are less than 3 years old, still under factory 3 yr warranty, that qualify for CPO extensions ($5995 for additional 2 years in Florida -$4900 dealer cost and sold up to $8400 in states that don’t regulate warranty pricing)- Ferrari also now offers, as of about 10 months ago, an ADDITIONAL 2 years when the first one is over- whereas they’ve always only offered that CPO once. Now it is a total of 7 years of full factory coverage.

So for that type of warranty and that price, it’s a smart and great deal. One little repair is 5k on these cars so it doesn’t need a catastrophic major repair to come out ahead and be a value…

On a Ferrari that is out of factory warranty- I COMPLETELY agree not to spend the 4,5 or 8k per year or whatever it is for a warranty that only covers major repairs…

Newer Ferraris to extend an additional 2 years CPO for 6-8k for me is an absolute must- and when my 5 years is up, I’ll probably do the additional 2. But then after that, self insure and pray.


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^ 05, I do appreciate your distinction between extending a true full coverage warranty and other lower-value variations. Although of course not an option when I bought my '12 458 a few months ago, I've always advised my friends in regards to their "normal" cars to be well informed about that same principle.

 

In the early days, there were no repair kits. Fortunately now there are kits being offered.
One wonders if Getrag was the one who oversold Ferrari on the reliability of their DCT ?
Ill wager that Getrag promised that the wet clutches would last the life of the car. And given the premature clutch wear of Ferraris F1 system, that was music to Ferrari’s ears. And BTW the Getrag wet clutches are very reliable appear to be invincible

So maybe Ferrari and Getrag didn’t foresee the teething problems. And both parties assumed that repairs would be so infrequent that replacement was the more efficient solution rather than train techs to work on a highly complex piece of kit-and then never have to put that training to use!

Now Magna (new owner of Getrag) and Ferrari are 12 years further down the development road. When it comes to the latest models I assume that the current generations of DCTs are much more reliable and durable too. Perhaps so much so that the original plan to just replace the few that do ‘fail’ might be the optimal solution

 

You either get a good car or a bad car and usually know it pretty early.

 

i thought 458 gear box rebuilds from a while back are only 9k....lambo/r8 v10 dct can be done around 7k...are things different now? these things should get cheaper as more companies/guys learn to work on them, the 458 is now 14 years old

 

The costs involve the labor to remove and then re install the DCT
Plus the labor to open, diagnose, and fix the DCT. Plus the cost of the repair kit and fluids.
Some of the repair kits cost more than 9K, if purchased new thru Ferrari

 

Every time I go to the dealer and talk to my service manager, whom I’ve known a long time, he tells me how many cars are in for DCT repairs. Usually several every time. Not just 458’s of course - California’s also. But he said that’s the most common expensive repair on this generation of cars that he sees.


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I also would like to know.


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I bought my '13 458 spider 2 years ago from an authorized ferrari dealer w a 2 yr power warranty. Car only had 7k miles when i bought it but the warranty seemed to make sense - you never how the previous owner drove the car. Just prior to warranty running out and knowing gear box issues can occur, I brought the car to my awesome independent repair guy and he opened up the gear box and checked it all out. Fortunately everything looks good so i am not going to extend the power warranty. The engines and to lesser extent the gear boxes are strong on these cars as long as you don't beat on them too hard.

 

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