Is the Ferrari Power Warranty worth the money?

[Schnellmann]

Ferrari Power Warranty costs CHF 3500 (£2300) here in Switzerland. Is it worth having? How often do modern Ferraris go (badly) wrong and is it easy to claim under the warranty?

[UH-Matt]

... I doesn't need to go "badly" wrong to end up with a bill much higher than £2300

Some people don't rate having a warranty and others do. I think it comes down to personal situation.

Generally those who stretch further for these types of car are happier to spend £2000 on some piece of mind. Those with lots and lots of money tend to think its a waste of money, but obviously in a better position to take a risk.

It is a gamble, in a year you could see it as money wasted, or the best thing you ever bought. Nobody knows.

[steelej]

For me it was worth the money, exhaust manifolds, front wishbones, exhaust silencer and 5 sets of exhaust brackets have meant that i'm up on the deal even renewing for the next couple of years. As you can see nothing really major in that lot but it all adds up.

John.

[JazzyO]

The power warranty only covers the power train, and I gather from you it is only valid for a year.

For, say, a 360CS with only 15k kms on the clock (as a random example), I would not get it if it is only valid for a year. You would have to be extremely unlucky to have a problem that would have justified the warranty.


Onno

[tony h]

if its for the cs, yes. i had ball joints done, £1.5k, front headlight replaced £2.5k unpainted, exhaust bracket/complete left hand tail pipe with valve replaced, £1200 a side

[Schnellmann]

JazzyO said:

The power warranty only covers the power train, and I gather from you it is only valid for a year.

For, say, a 360CS with only 15k kms on the clock (as a random example), I would not get it if it is only valid for a year. You would have to be extremely unlucky to have a problem that would have justified the warranty.


Onno

Valid for a year but can be renewed (but only for one more year as maximum of 10 years old).

I am weighing up dealer vs private purchase. Dealer has added it into the deal (although I suppose I could get him to reduce the price and leave it out). Have found out that I can get the guarantee on the private sale, as long as the car is inspected thoroughly by F dealer and car has only been serviced at official dealers. I'd rather buy from a dealer as some sort of comeback if I have issues (even without a warranty I think they may help to keep the relationship going). Of course, no come back at all with a private seller. So was thinking that if I buy privately (saving money) and get warranty then it makes it safer but doesn't sound like it is worthwhile. I don't have to borrow to purchase the car so if something big goes wrong it would be painful (correction: very painful once the wife found out!!) but not a financial problem.

[cayman-black]

Schnellmann is your F dealer in Geneve? Bought my first Modena from them.

[Schnellmann]

cayman-black said:

Schnellmann is your F dealer in Geneve? Bought my first Modena from them.

No, Zug.

What was your experience of the Geneva dealer?

[moc]

If you've got the finance underwrite it yourself, the reason warranties exists is because there's a profit to be made out of them..

I had one on my CS and only had a ball joint replaced, infact that's really all I've had done other than cosmetics and maintenance in 3 years of ownership..

[AndrewD]

Are you buying from Umberto? Say hello from me!
What are you buying?

[JazzyO]

Schnellmann said:

So was thinking that if I buy privately (saving money) and get warranty then it makes it safer

I see your reasoning but I think the main thing is, in my understanding, that only the power train is warranted. So many other things can go wrong, so your protection is actually really limited. For instance: aircon fails, no warranty. Fuel pump fails, no warranty. ECU fails, no warranty. And so on. But I haven't dealt with the warranty myself directly, so perhaps I've misunderstood.


Onno

[bromers2]

Depends on your situation too :
- if you're planning on doing lots of miles
- how hard you drive it
- current mileage
- use an independant instead of a main dealer

Ball joints a main weakness on 360's - my main dealer wanted £1400 to replace them with sub standard ones - got Hills ones fitted for £400.
Milky cloudy carbon fibre - probably (if lucky) replaced with Ferrari ones for mega £'s but will fade again - refurbed for a few hundred £ and better protected for life.