Looking at a 2012 FF any major pitfalls I should be aware of?

i mean can you quote this for any car?

 

Making some assumptions, PTU/DCT issues have occurred in roughly 5-10% of cars, so say 1 out of 10. And at current prices would cost about $10-15k.
Let's take my old 550 Maranello, it's mandatory to do a belt service roughly every 5 years which would cost $5k, but is usually much more due to "while you're in there" stuff.
Comparing the 2 over a 5 year ownership, spending a guaranteed $5-$8k, versus a 1/10 chance of needing to spend $10-$15k?
Leaving out standard annual services because those would be a wash.
Yet people consider the 550 a reliable and relatively inexpensive Ferrari to maintain, you take your pic.
I think the major downfall is more to do with people just having it in their heads that it's still necessary to spend $30k at a Ferrari dealer when anything goes wrong. Which is just not necessary currently.

So the car had been stolen before it came into possession of the current owner? Is it a salvage title? Any other details you were able to get?
I honestly would not let it go just because of that, more so use that to negotiate a much better deal. Especially for that spec of car if it has everything you're looking for and is extremely rare to come across, it wouldn't be a deal breaker for me if everything else checks out well.

 

what was the asking price?

 

Good to know as a data point since my car has about the same mileage, thanks for the info.

 

I googled it and it looks like a very base spec too. Base seats, no CF wheel, no passenger display, etc. I know the market has gone up but it seems like quite a lot in the last 4-5 months. Not that I'm complaining...

 

Yeah, that was a fairly base spec. Higher spec cars are going for more, now.

 

No wonder why this one has been sitting on the market for so long

 

As of now, there are 25 documented PTU failures on FChat of which 17 are FFs. Taking the entire sample of failures, the average age and mileage at which failure occurs is 4yrs 8months and 20,000 miles. The standard deviation is 2 years and 13,300 miles.

Your car is inside 2 std deviations of the average mileage but outside 2 std deviations for the age.
However, as the fleet ages, I expect the average age of failure to creep up as older cars fail and there are no new ones being produced to keep the average age at point of failure down. The oldest recorded failure was on a 9 year old car. The youngest was 1 year old.

According to a Ferrari tech, DCT failures are much more common than PTU failures so don’t sweat the PTU stats too much!

 

my ptu went at 37K miles and 9 years

 

I thought your bad PTU error was solved with new hoses and wiring rather than a physical repair of the PTU?

 

it was until it started leaking

 

I’m sorry to hear that. I’ll add you car to the database. What year is your car and when did you get the PTU repaired?

 

What was the $ price..

 

Power warranty covered it

 

2012. Few weeks ago.

 

Hey Team --

This strikes me as good news / and thanks ANOpax for the FF database help on the PTU and DCT data -- and ttforcefed for posting your issue / relevant to thread...this is good --

It's such an interesting debate on cost margin between asking to find a guy to do it (PTU or DCT) vs. just driving it 7+/(?) years out as factory assured warranty @ $$$$/per year if you've got an existing dealer relationship.

When I bought mine @ 22k last Dec I said yes to the $7 annual warranty. You get all the dealer perks & incl. club invites, etc. Whatever. Fine.

Hell, knowing ttforcefed got DCT done via warranty at 37k @ 9 years? - makes me feel like I should drive my FF from 22k to 37k ASAP -- like get on it right now.

Sidebar / Full Disclosure:

I've been a Ferrari (NYSE: RACE) shareholder since 2017 (when I sold the 456MGT - 6 Speed I put some of the proceeds into buying Ferrari stock), so maybe that alters my opinion... I love seeing Maranello make margins. Good for both of us. But if ttforefed got done right? Under warranty? Then GREAT. Perfect.

I bought when Marchionne said during the Ferrari US roadshow IPO -- "When you can build as many as you want and the market still wants more?, ...just keep building less than enough..."

He saw what is/can be -- in branding what Ferrari means and this is what makes it different from every other global brand -- will be interesting to see how the Purosangue is priced and FF values play out.

Meanwhile, I still hold the all the stock, and the FF too.

Happy to help.
PTC

 

So I recently bought an F12 from a Ferrari dealer. I was on the fence about buying the factory extended warranty. But when I read the warranty, the present day warranty, it explicitly says it does not cover any leaks of just about anything. Basically not covering DCT leaking. It may be changed from older factory extended warranty. So new buyers, please carefully read the extended warranty and choose carefully....

 

There are multiple common issues that would need DCT repairs no? Is the speed sensor that's talked about a cause/effect of the leak or completely different? Perhaps that specific sensor issue is covered by warranty but if it's a leak then it's not?

I would also say in warranty related issues all manufacturers have some kind of shadiness on what is/isn't covered, it's not something solely to be blamed on Ferrari. Well except for Kia/Hyundai, we're considering getting a Palisade or GV80 and those warranties seem to cover just about anything.

 

Judging by the history of some of those on this thread, I want to believe if you/we/(prospective buyers) have a historical dealer relationship (10yrs?) that your dealership history will matter -- especially if that dealer has it's own designated Warranty Coverage specialist. I think both Team and Clients/Customers need to find common ground on "wear-and-tear" / and that's exactly what above comments speak to -- the warranty is for peace-of-mind, not cost-coverage for driving it like a Ferrari.

 

For you new power warranty claim - Do you need to do your annual service at a Ferrari dealer to

1) get this covered under new power
2) be able to extend new power every year?

i have new power but wonder if I can just get my oil changes at an independent shop and if it’ll impact warranty claims or when it comes to extending (if I decide to do so)

Thank you