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Extended warranty

Discussion in '458 Italia/488/F8' started by 488 owner, Jul 11, 2020.

  1. 488 owner

    488 owner Rookie

    Jun 25, 2020
    10
    Full Name:
    Not interested
    Just bought a 2016 488 gtb and I do not believe it has the extended warranty. If the factory warranty has elapsed, is there anyway to get an extended warranty or is it too late?

    What are the options for the warranties? Do they limit the number of Km/Miles they are good for or are they time based? I plan on driving a lot and the car has already 20k km on it.

    Finally, all else being even, I would choose not to go for the warranty unless it is a very good deal for someone who plans to drive a lot. My only worry is that Ferrari has a monopoly on servicing their cars and I feel like if I am not under warranty they can charge pretty much whatever they want if I have an issue. If I plan to put 100k km on the car over the next 10 years and it costs me 50k for a 10 year warranty, surely it will pay off, no?
     
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  3. Transman

    Transman Karting

    Nov 20, 2016
    183
    New York
    Full Name:
    Stephen Ferraro
    It’s not to late to get


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  4. SoCal to az

    SoCal to az F1 World Champ
    Silver Subscribed

    Nov 25, 2012
    10,054
    Arizona
    Its not too late but dont buy it. Waste of money and this has been beaten to death lately.
     
  5. Transman

    Transman Karting

    Nov 20, 2016
    183
    New York
    Full Name:
    Stephen Ferraro
    If your going to do the driving you say you are I think it’s a good investment
    These cars fail in a lot of ways
    Just go in any Ferrari dealership and look at what’s being fixed
    I’ve been there and have seen it first hand
    But it’s up to you
    Just go year by year
    2 years are usually a better deal


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  6. triathgeek

    triathgeek Karting

    Jul 25, 2010
    60
    Santa Clarita, CA
    I les you have a total lemon.....Find a verified good independent repair/service shop. I drive my 2010 F458 ~3500 miles a year....and not exactly gently. After 6 years my average cost of maint/repairs is $3200/yr including tires which are not cover by warranty along with several other maintenance items like TPMS sensors, battery’s etc. Your just paying someone else a profit.
     
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  8. Transman

    Transman Karting

    Nov 20, 2016
    183
    New York
    Full Name:
    Stephen Ferraro
    You guys out there don’t realize how often power train components fail in these cars and won’t be happy with a 20,000 bill or more
    Just saying


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  9. FFan5

    FFan5 Formula Junior

    Jul 7, 2018
    322
    #7 FFan5, Jul 12, 2020
    Last edited: Jul 12, 2020
    Ferrari doesn't sell warranties that lose money. Take a look at the quarterly earnings report. :-D
    I'm also positive someone won't buy a warranty and have to eat a $20k repair bill? But at $10k for a two year warranty, do I think every other car needs $20k in repairs. Nope. Now if Ferrari would add sticky buttons and falling headliners to the power warranty, then we'd be talking. ;-)
     
  10. SoCal to az

    SoCal to az F1 World Champ
    Silver Subscribed

    Nov 25, 2012
    10,054
    Arizona
    Prove it. In the years I’ve been on this board, have never read about a power train failing.
     
  11. triathgeek

    triathgeek Karting

    Jul 25, 2010
    60
    Santa Clarita, CA
    Let’s do some simple math. I have saved myself $30k so far over 6 years “self insuring” my power train. The relatively minor items that I have had to repair wouldn’t have been covered. I have been averaging 10%+ on my investments over the last 6 years with this “saved” money. So if I have a $20k hit I am still money ahead and had the “use” of the money.
    Also, the independent shop may actually repair a component or direct source it at a significant savings over the dealership.
     
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  13. MANDALAY

    MANDALAY F1 Veteran
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    May 23, 2013
    5,613
    AUSTRALIA
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    ANGELO

    All you are stating is your case. There are many that buy second hand cars and have issues day one. Next you will tell me insurance on your car is minimal because to prefer to take a risk that you will never claim or someone hit you. Insurance is piece of mind and with regards to accident insurance mandatory in your country because even if its not your fault you still have to have cover.
     
  14. Solid State

    Solid State F1 Veteran
    Rossa Subscribed Owner

    Feb 4, 2014
    5,914
    Full Name:
    Mo Derna
    This is sound logic as long as you don't pop an artery cashing out all those investments to pay for the big repair if it occurs. Human nature is to consider that part of your net worth so it will hurt just as much if you had to pay out a large repair bill. The better argument is that it is too unlikely to occur so not worth it.
     
  15. wthensler

    wthensler Formula 3
    Silver Subscribed

    Apr 27, 2015
    1,231
    FL and BlueRidge Mtns.
    Full Name:
    William
    I considered my Fcar purchase an experiment. Even though it wasn’t new, I opted out of the extended warranty, and figured if the car really started acting out, I’d simply take my licks, sell it and move on. But in almost three years of ownership, I’ve not had any problems with my ‘13 Spider.

    The car is driven frequently, well maintained, and driven in a spirited fashion but not beaten,

    OTOH, I just bought a 2020 Ford dually and jumped on a 7 year extended warranty ($2,300). That truck has got so much **** in it, something’s bound to go wrong in that timeframe.
     
  16. MANDALAY

    MANDALAY F1 Veteran
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    May 23, 2013
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    ANGELO
    Lucky I guess, look above at another thread , split exhausted , cracked manifold day 1 IMO piece of mind especially if bought second hand
     
  17. dgoldenz94

    dgoldenz94 Karting

    Apr 13, 2020
    152
    Full Name:
    David Gold
    I bought an FF with 48k miles on it. $7k for a 2-year factory warranty was a bargain. Would I keep paying $7k per year after that? Not sure, depends how the car does over the next 2 years.
     
  18. ssgharkness020147

    ssgharkness020147 Formula Junior
    Rossa Subscribed

    Jun 12, 2006
    270
    Midwest
    My dealer threw the 2 year extended in as a part of my purchase agreement. I’ll probably continue to extend the warranty for piece of mind but may change my mind.
     

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