Extended Warranty on Superamerica problem

IIRC the "Power Cube" warranty is around $7-8K for one year......others here will chime in with the real numbers, but I think I am pretty close based on the posts that I have read.

For that kind of money I'd pass. Short of a belt failure or transmission failure, you're way ahead of the game IMHO if something goes wrong.

As an exercise in value......pick a Ferrari that was produced in greater numbers, say the 550/575, and look at private and/or non-franchised dealer prices.....versus......the franchised F-dealer prices for cars that have been certified with warranty.

I bet you the difference between these prices is even more than the cost of the warranty.........so you have the premium for the "dealer experience" priced in there as well. Is it worth it then ? If the difference is $20-30-40K ?

Nice nickname BTW....welcome to F-chat.

 

You can get an extended warranty from a Ferrari dealer before the end of your factory warranty. They require all services to be up to date ,including the three year belt service. Then, there is usually a $1000.00 inspection fee and you have to bring the car up to spec. Then there is the cost of the warranty. I'm not sure what it is on your car but I assume it is north of $6500.00.
The question is what price do you pay for the comfort of knowing that you will not have to pay for any problems?
I personally feel that the services are a moot point since you would do them anyway. The comfort for the first year of sleeping at night and knowing that you can get to know your car without any major surprises is worth it to me.
I am in the same position with a CS and I plan on getting the extended warranty for at least one year.
I had a 360 Spider, two year extended warranty. The cost of the warranty ended up paying for itself in repairs and ease of selling the car.

 

I think that was a great analysis. At 3,500 miles in the six month period left on the warranty (7K annual est.) what's wrong if anything, would show up by then. I agree that a low production model could be risky.

In parallel, my wife has had her '03 E320 since new. No problems at all since '05. Car has 45K on it. MB offered us an extended warranty at $2,800 per year. We chose to opt out of that offer. What are your thoughts?

 

You can get the PowerCube from the dealer. Find out what that'll cost and then use that as a negotiation tactic. I hate owning these cars without a warranty FWIW, so I think you're on the right track.

 

I'd propose skipping the extended warranty. You've got 6 months left on the original warranty, and in that time put as many miles on the car as you can. Write down everything that's wrong with it, and turn it in for warranty service a few weeks before the warranty expires.

Then just drive it and enjoy it. If something breaks, it might cost up to $10,000 to fix, but that still only represents less than 3% of the purchase price - that's better than most cars.

It's been my experience that the cars are more likely to break if they are not driven, so putting 10,000 miles per year on it should not present a problem.