1 Year Power warranty & Resale Value | FerrariChat
Buy

1 Year Power warranty & Resale Value

Discussion in 'Ferrari Discussion (not model specific)' started by Alexcle, Aug 19, 2021.

This site may earn a commission from merchant affiliate links, including eBay, Amazon, Skimlinks, and others.

  1. Alexcle

    Alexcle Karting

    Jan 2, 2018
    189
    Full Name:
    Alex D
    #1 Alexcle, Aug 19, 2021
    Hi All,

    I have a F12 2014 and just finishing my last year of free service. I am contemplating selling my car (35K miles) and am due to renew my warranty prior to expiration in Sept. Quoted $6495. 3 Questions

    1. Is the warranty negotiable and do you recommend I continue?

    2. Will Having the power warranty help resale value and or larger buyer audience? Will i get that extra $6500 back when i sell under the period or no difference?

    3. They quoted me $2600 to change brake fluids. sounds high, i assume I can get an independent to do it?


    BTW- I do drive the car hard and track it- not much issues so far- gearbox replace 2 years ago under warranty.

    Advice and wisdom appreciated.

    thank you
     
    SAFE4NOW and vraa like this.
  2. craze

    craze Formula 3

    Mar 5, 2021
    1,161
    Melbourne
    Full Name:
    Michael
    #2 craze, Aug 20, 2021
    1) not sure ask them

    2) perhaps

    3) too dear! its like $200
     
  3. vraa

    vraa F1 Rookie
    Rossa Subscribed

    Oct 31, 2003
    4,600
    Texas
    Full Name:
    Mr. A
    #3 vraa, Aug 21, 2021
    @SAFE4NOW can chime in more on new power

    i personally think buying with warranty is better, lots of people don't want to touch a out-of-warranty car

    i think if it's a reputable indy you should have no problem, doesn't hurt to ask for a parts and labor breakdown and shop around the labor rate. parts you can google and see what's cheaper
     
    SAFE4NOW likes this.
  4. SAFE4NOW

    SAFE4NOW F1 Veteran
    Sponsor Owner

    Aug 25, 2004
    5,879
    Dallas Texas
    Full Name:
    If you know you know
    #4 SAFE4NOW, Aug 21, 2021

    1. Sometimes, it can’t hurt to ask. If its being sold at MSRP, there isn’t that much room to negotiate.
    ( Unlike aftermarket warranty option that have much larger margins )

    2. My experience is a Ferrari with some factory warranty option, has more value than a like Ferrari w/o coverage. It may even offset the mileage and track use. Something to confirm, is that you are getting Main Power Warranty ( New Power coverage plus next years annual service ). The service being covered gives you roughly $2500 in value, IMO

    3. $2,600 sounds like an annual service:
    Oil Service
    Brake Flush
    Engine filters
    Cabin filters
    Coolant Flush
    Gearbox Service
    Wipers
    Etc....

    Brake Flush... $350 maybe ?

    All over the above is my opinion, YMMV

    Steve
     

Share This Page