458 v 488 market
Discussion
Trev450 said:
Spoke with Warranty Wise very recently in relation to an out of network 488 I was considering, and whilst the scope of cover was good you are limited to a maximum of £10K per claim. Not going to get you very far with some components such as the transmission for example.
I wouldn’t bother wasting the money with warranty wise. I had a policy and each time they wriggled out. The central compensator body failed and another time I had an oil leak from the gearbox. Neither was covered and apparently neither would have been with the power warranty either so I’d just self insure with a pot personally. 10k claim limit seems to be a ceiling with 3rd party warranties. WW maybe not that regarded in my circles.
The thing with a warranty is if you pay £1500 you're getting £750 of cover tops as this is the kind of retail margin that's in warranties. WSG was the one I was eyeing up (10k claim limit) but ended up with a main dealer car in the end.
It's a shame the a Ferrari warranty is so limited it only really covers the bits that never or rarely go wrong ie engine and gearbox. When I get another one I'll stick 3k per year to one side I reckon it would always be in credit. They really are pretty reliable cars mainly screens and modules attached to the clocks that seem to go now and again. Gibbo had a gearbox issue but I'm sure I am remember him saying was something that wouldn't have been covered under F warranty.
It's maybe surprising that Ferrari don't have an enhanced warranty at say £4500 per year that's a bit more generous. Might help them keep cars in the fold for servicing as they age.
The thing with a warranty is if you pay £1500 you're getting £750 of cover tops as this is the kind of retail margin that's in warranties. WSG was the one I was eyeing up (10k claim limit) but ended up with a main dealer car in the end.
It's a shame the a Ferrari warranty is so limited it only really covers the bits that never or rarely go wrong ie engine and gearbox. When I get another one I'll stick 3k per year to one side I reckon it would always be in credit. They really are pretty reliable cars mainly screens and modules attached to the clocks that seem to go now and again. Gibbo had a gearbox issue but I'm sure I am remember him saying was something that wouldn't have been covered under F warranty.
It's maybe surprising that Ferrari don't have an enhanced warranty at say £4500 per year that's a bit more generous. Might help them keep cars in the fold for servicing as they age.
fridaypassion said:
10k claim limit seems to be a ceiling with 3rd party warranties. WW maybe not that regarded in my circles.
The thing with a warranty is if you pay £1500 you're getting £750 of cover tops as this is the kind of retail margin that's in warranties. WSG was the one I was eyeing up (10k claim limit) but ended up with a main dealer car in the end.
It's a shame the a Ferrari warranty is so limited it only really covers the bits that never or rarely go wrong ie engine and gearbox. When I get another one I'll stick 3k per year to one side I reckon it would always be in credit. They really are pretty reliable cars mainly screens and modules attached to the clocks that seem to go now and again. Gibbo had a gearbox issue but I'm sure I am remember him saying was something that wouldn't have been covered under F warranty.
It's maybe surprising that Ferrari don't have an enhanced warranty at say £4500 per year that's a bit more generous. Might help them keep cars in the fold for servicing as they age.
Ferrari do now how the full factory warranty that covers everything, but only available on cars up to the end of the free servicing period I.e. 7 years. Not cheap mind, when my 812 went past 4 years old it was £9,600 for 24 month extension. Think more on the V12’s than V8’s. I did take it out as I’d had a gearbox failure 6 months prior at 7,000 miles and at least I have the peace of mind of absolutely everything covered. Agree the power warranty is too limiting though.The thing with a warranty is if you pay £1500 you're getting £750 of cover tops as this is the kind of retail margin that's in warranties. WSG was the one I was eyeing up (10k claim limit) but ended up with a main dealer car in the end.
It's a shame the a Ferrari warranty is so limited it only really covers the bits that never or rarely go wrong ie engine and gearbox. When I get another one I'll stick 3k per year to one side I reckon it would always be in credit. They really are pretty reliable cars mainly screens and modules attached to the clocks that seem to go now and again. Gibbo had a gearbox issue but I'm sure I am remember him saying was something that wouldn't have been covered under F warranty.
It's maybe surprising that Ferrari don't have an enhanced warranty at say £4500 per year that's a bit more generous. Might help them keep cars in the fold for servicing as they age.
Edited by garystoybox on Saturday 3rd February 21:55
Bedlamater said:
So would you say buying and paying that bit extra for a 10yr old 458 from an official Ferrari dealer for piece of mind and warranty isn’t really worth it?
Personally I don’t think it is, I would have paid at least 10k more for the car and still wouldn’t have been covered for issues that appeared on my car, which was a full Ferrari service history car. In fact, my car had 10 months of Ferrari warranty left when I bought it which transferred before I then got the warranty wise cover but it wouldn’t have made any difference had the issues happened inside it. If looking for a 488, I assume I want to be looking as new as possible with the intent that a Ferrari dealer will cover the car bumper to bumper inside the 7 year service plan?
That’s been the single biggest difference for me coming from high end German cars into the super car world…warranty. I’d pay extra for the peace of mind so long as it covers everything. Just not sure if a Ferrari warranty does that?
That’s been the single biggest difference for me coming from high end German cars into the super car world…warranty. I’d pay extra for the peace of mind so long as it covers everything. Just not sure if a Ferrari warranty does that?
Masterplan said:
If looking for a 488, I assume I want to be looking as new as possible with the intent that a Ferrari dealer will cover the car bumper to bumper inside the 7 year service plan?
That’s been the single biggest difference for me coming from high end German cars into the super car world…warranty. I’d pay extra for the peace of mind so long as it covers everything. Just not sure if a Ferrari warranty does that?
If being retailed as approved used Ferrari it will also have to go through a lengthy health check and it ‘should’ be the case that anything that needed doing has been done. You can ask what work was necessary, if any, to bring up to retail standard. Having bought quite a few approved used from the same dealer, I’ve also had a fair bit of goodwill on stuff that cropped up that wouldn’t normally be covered by the warranty.That’s been the single biggest difference for me coming from high end German cars into the super car world…warranty. I’d pay extra for the peace of mind so long as it covers everything. Just not sure if a Ferrari warranty does that?
Eatpies99 said:
Bedlamater said:
So would you say buying and paying that bit extra for a 10yr old 458 from an official Ferrari dealer for piece of mind and warranty isn’t really worth it?
I keep extending mine. 61 plate 458. It covers a reasonable amount of things. garystoybox said:
Bedlamater said:
I second that, thanks.
Another question! Do early 488’s sound any different to the later ones when OPF exhausts were made compulsory on all new cars?
No OPF/GPF on the 488, regardless of year.Another question! Do early 488’s sound any different to the later ones when OPF exhausts were made compulsory on all new cars?
Bedlamater said:
garystoybox said:
Bedlamater said:
I second that, thanks.
Another question! Do early 488’s sound any different to the later ones when OPF exhausts were made compulsory on all new cars?
No OPF/GPF on the 488, regardless of year.Another question! Do early 488’s sound any different to the later ones when OPF exhausts were made compulsory on all new cars?
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