As Chris detailed recently, running a Ferrari requires some financial commitment. Alright, an early-90s flat-12 is a very different proposition to an F430, but Ferraris are not to be run on shoestrings. Today Ferrari has announced two new warranty options to potentially ease the cost of maintaining covering used models.
The standard four-year Ferrari warranty on new cars can now be upped to five years for additional peace of mind. A five-year warranty, just like a Hyundai then. Probably not unlimited mileage, but Ferrari doesn't officially quote a limit.
Kia-beating warranty now available from factory
Of more interest though is the 'Power Warranty' (presumably named thus as even Ferrari warranties have more performance). Reputedly the first such cover of its kind, Ferraris new extended warranty can provide factory-backed support for up to 12 years (up from 10) after a car's first registration. Furthermore, cars previously not covered by a Ferrari extended warranty can be included, subject to a technical inspection. One assumes that must be fairly rigorous!
The Power Warranty can be renewed annually with a 15 per cent renewal incentive when it comes to paying up. If your Ferrari has been free of maladies, another 15 per cent will be taken off the premium.
So if you've been eyeing up 599s in the classifieds, the Power Warranty can act as further incentive. Ferrari doesn't mention a typical price for the cover, of course.