Need PPI with Ferrari Approved?

I don't know the answer but can you call the service dept of the dealership and ask for a checklist of the 190 things they inspect? That would be the most comprehensive and sure answer.

I'd think that's a fair question, especially if you're looking at a car there.

 

No dealer is going to let you do an independent PPI on one of their certified cars. That's the point of the certification.

Yes, it does include brake and rotor numbers.

Number 3 should be stated clearly what is covered and not covered by the dealer in writing.

Number 4 is a self answering question --- because they can.

 

I believe the EU requires a 2 year warranty when buying a used car from a "professional seller" (dealer) that is why it is 2 years in Europe and only 12 months elsewhere.

 

But they should.
I have purchased 2 CPO Ferraris. One, I am convinced they just checked off the boxes without inspection (I got a check from them for service after the fact to prove it, and also had to call Ferrari NA because they did not disclose a complete respray and the wrong color code on the car) The other car, I would guess they just checked off the boxes as their service department told me they didn't really need to inspect it because it was serviced there.

 

Disgraceful. Care to identify the dealers? They deserve to be outed.

 

I have named them in the past. No need to rehash... cough... Cauley... cough... might have been the biggest offender.
The lesson was: buying a used car is buying a used car, Ferrari or Ford, works the same way. If a dealer won't allow a PPI, inspect carefully yourself or with someone who knows the cars.

FWIW, FNA sided with Cauley (or at least didn't want to get involved) on the respray issue, even though other Ferrari dealers told me the car was basically worthless. They also admitted, after the fact, they knew about the respray stating "paintwork does not necessarily disqualify a car from being CPO." Lose some money, gain some wisdom I guess. I also now own a paint meter.

 

Sad, especially that FNA was AWOL. Cauley used to have a pretty good rep. The diminished value due to the repaint seems close to fraud.

 

If a dealer won't let you get an independent PPI or provide a substantial warrantee, then walk. If I'm a credible dealer, selling quality cars, why should I care if someone else inspects them.

 

+1
Miller was happy to send me this info when I was looking at a certified Cali that they had, which I eventually bought. Definitely ask them to mail you a PDF copy.

In the end, I did not do a PPO. I figured that CPO meant that Ferrari should stand by it should anything arise. Not sure if that was a wise decision, but fortunately, have had no problems with my F-car. Sometimes, you just have to say f*** it, and jump in with both feet...T

 

FIRST just try finding ANY independent that will do it. Seriously. Call around your town and tell them what you want to do and how much you want to pay for it.

No one wants to do these anymore. There's no money in it and only blame and lawsuits.

SECOND if I'm a dealer and I own the car, I'm not sending it to an unauthorized mechanic to crawl over it.

An independent car dealer -- sure. An authorized dealer, no way. And I would tell YOU to walk if you insisted because I'm not risking the car to someone I don't know.

THIRD: Ask the independent guy if he will WARRANTY the car for a year like the dealer will. What? He won't stand behind his own review of the car? The devil you say!

I swear if I listened to you guys no one would ever buy another used Ferrari again.

 

Nobody said an independent PPI is a guarantee all issues will be found. However, it does provide a higher degree of certainty that you are making a reasonably safe purchase. Yes, the transmission can fall off as you drive it off. But, the chances are much lower with an independent PPI.

This is especially true of those who want to do distance purchases. It is very important to have another set of "eyes" on the car. That is how I purchased my current Ferrari and things turned out well, with minimal inconvenience for the selling dealership.

 

You didn't answer the first question.

Why won't anyone do it anymore?

Because there's no money in it and only problems with it.

HERE is my opinion: If you DON'T TRUST the DEALER, DON'T buy the car.

 

I did not do a PPI when I bought my Cali 30 because it still had a year left on the manufacturer's warranty. When that was expiring, I extended it for two more years, and it has a year to go. The car was certified at the time I bought it (2015), and I got the checklist on it, it wasn't very illuminating, mostly just checkboxes. The document I was given did not indicate brake or rotor numbers. Ferrari does not require a compression test on vehicles younger than 5 years old or with less than 31,068 miles -- which is probably most Ferraris you're likely to encounter at the dealer.

My understanding is "certified" means only that it meets the qualifications for you to purchase the warranty, not that it's included unless the dealer throws it in and pays for it.

But a Ferrari CPO car can either have one or two years added to the original warranty -- usually at your expense -- as long as that warranty has not expired. That's the original bumper-to-bumper factory warranty. You get one chance to extend the original warranty, for one or two years, you can't opt for one year and then re-up that same coverage a year later. At the time, I think it was $6600 for one year or $9600 for two years (8-cylinder car). I opted to buy the second year as it was "only" another $3k or so.

If the car is already out of warranty, then you can buy the New Power warranty, renewable annually, until the car is 12 years old. It covers major components but not as much as the original warranty did. Now there is an option for a more basic warranty for the 13th through 15th year. I believe there is mileage limit of 56,000 miles for any of the above, though.

 

As I recall, that's correct. It's been a couple of years since I bought a CPO, but if I remember correctly, the warranty was a line item.

 

Mileage limit is to add warranty so if you buy a car with 55999 miles it can be warranted and continue to be warranted within time limits ie to 15 years (according to dealer post Safe4now)

 

I think it depends on your relationship with your independent. I'm 100% confident that if I ask Karl to do a PPI and bring over some schnitzel.. he'd do one for me.

If the car is coming with a warranty and a buyer READS the warranty and agrees with the warranty... why would you need a PPI? Nobody PPI's a new car.. Isn't the dealer warranty the reason you buy from a dealer?

If it's a used and doesn't have a warranty, I personally could give a rats about some checklist.No warranty and you won't let my mechanic have a look at it then I walk and some other sucker can buy it.

 

That's good news ... the brochure is ambiguous, it just says to qualify "mileage must not exceed 56,000 miles."

 

Agreed.

In my case, I did give the dealer a down payment (good faith) and promised to complete the remaining payment if PPI showed no major concerns or give them the opportunity to resolve any minor issues. Other than the usual respray potential and some worn ball joints, nothing serious was found. The dealer did replace the wipers (safety issue) and the deal completed.

They key factor for me was the PPI indicating things like cars tracks straight & true, clutch wear percentage was acceptable, and no indication of serious accidents.

As a used car buyer, I did my part by keeping expectations realistic and not expecting the same perfection as a new car.

This was for a CA car; over 3,000 miles from where I live on East coast. Everything worked out fine for all parties involved.

 

Yes, on the latter. At least I thought so too as well, ever though it was more than double the price wer paid for our first house! [emoji51]

For my Porsche. It was $500 to hold the car, as I needed a week or so to rearrange my schedule to drive from Dallas to Houston to check it out. Used a credit card.

For the Cali, I don't recall Miller asking us for a deposit. My guess, is it would depend on the car and the dealer.

T

 

CPO is a branding exercise.