Would you buy and then run a c. 2000 360 without warranty?
Discussion
get it checked over by a ferrari dealer or RAC inspection - RAC did a warranty on a 2000 360 i had for 2 year i think it was £1500, it also paid out £4k on a broken gear box pump, that was the only problem i had with the car, other wise just servicing/brakes, service £600/£1200 minor/major - £1400 brakes and discs all round - £1800 clutch etc, they are generally very reliable, but the parts are not cheap when/if they go wrong. just make sure you set up any purchase so any worries dont spoil your enjoyment...........
One other thing (ignoring that I'm not a fan of the 360M anyway) is that I'd probably avoid an F1.
I'm not convinced Ferrari started getting this right until the CS, and basically it's a manual car with a couple of extra expensive components that can and do go wrong. I believe these are the pump and the "actuator", and both cost broadly similar amounts IIRC.
Oh yes, pop over to www.clubscuderia.com and poke around there for advice too. No better place to get some down to earth advice on purchasing and ownership.
I'm not convinced Ferrari started getting this right until the CS, and basically it's a manual car with a couple of extra expensive components that can and do go wrong. I believe these are the pump and the "actuator", and both cost broadly similar amounts IIRC.
Oh yes, pop over to www.clubscuderia.com and poke around there for advice too. No better place to get some down to earth advice on purchasing and ownership.
Thanks guys.
I ran my 355 for just short of 12 months with a power warranty and nothing went wrong during that time, but I know a number of things were put right before I took ownership of the car which cost several thousand pounds. And it also seemed that if anything were to go wrong it was minimum spend of £2k.
However, I would only use an independent specialist for work and I have quite a few near where I live (Nick Cartwright, JMH, AE Performance Engineering).
I run a 996 C4 at the moment and thinking of moving up to a 996 Turbo, but would prefer to get myself into a 360 albeit pushing myself slightly financially.
I'll have a look into the RAC warrant, although at £1500 are you not better simply going with the power warranty?
Does anyone out there run a 360 without warranty?
I ran my 355 for just short of 12 months with a power warranty and nothing went wrong during that time, but I know a number of things were put right before I took ownership of the car which cost several thousand pounds. And it also seemed that if anything were to go wrong it was minimum spend of £2k.
However, I would only use an independent specialist for work and I have quite a few near where I live (Nick Cartwright, JMH, AE Performance Engineering).
I run a 996 C4 at the moment and thinking of moving up to a 996 Turbo, but would prefer to get myself into a 360 albeit pushing myself slightly financially.
I'll have a look into the RAC warrant, although at £1500 are you not better simply going with the power warranty?
Does anyone out there run a 360 without warranty?
Why would you want to run a 360 without a warranty ? Things can get very expensive quickly.
So long as it has FFSH you can buy a Power warranty from Ferrari anyway.. so either it's a case of saving money (but you're buying a Ferrari?) or the car doesn't qualify for the Power warranty.. in which case you have to ask yourself why.. and is that what you want to be getting into ?
So long as it has FFSH you can buy a Power warranty from Ferrari anyway.. so either it's a case of saving money (but you're buying a Ferrari?) or the car doesn't qualify for the Power warranty.. in which case you have to ask yourself why.. and is that what you want to be getting into ?
Edited by GT2MAN-2 on Saturday 20th January 11:34
GT2MAN-2 said:
Why would you want to run a 360 without a warranty ? Things can get very expensive quickly.
Edited by GT2MAN-2 on Saturday 20th January 11:34
I would assume it is because of the huge mark-ups they put on them, and, frankly, on cars that have them.
Lots of people, when looking at their first purchase of a supercar, look at the cost of buying, owning, and selling, over 1 or 2 years. Warranty can add quite a chunk to that. Some people prefer to take the lower expected cost (by not having a warranty) and to accept the extra risk.
Remember, warranties are just an extra piece of insuurance. Over a lifetime, you can expect to pay MUCH more in paying for insurance than you get out.
GT2MAN-2 said:
Why would you want to run a 360 without a warranty ? Things can get very expensive quickly.
So long as it has FFSH you can buy a Power warranty from Ferrari anyway.. so either it's a case of saving money (but you're buying a Ferrari?) or the car doesn't qualify for the Power warranty.. in which case you have to ask yourself why.. and is that what you want to be getting into ?
So long as it has FFSH you can buy a Power warranty from Ferrari anyway.. so either it's a case of saving money (but you're buying a Ferrari?) or the car doesn't qualify for the Power warranty.. in which case you have to ask yourself why.. and is that what you want to be getting into ?
Edited by GT2MAN-2 on Saturday 20th January 11:34
Mine has no warranty and since 2004 i have been using two indies to service my car. Touch wood, had no problems what so ever.
i decided not to keep paying main dealer service prices for several years just to keep FFSH and get a warranty and so far its deff saved my a decent amount of money.
Depends on the car and a bit of luck i guess.
No right or wrong answer to this
Ok, so what about buying a car privately or through a broker and applying a warranty yourself. If the car has full main dealer SH you can apply the following
Power Cubed warranty, basically covering everything except damage - £3,300
Power warranty, as above but excluding electrics, pipes, hoses etc - £1,600.
Surely if £1600 on a warranty is a financial deal breaker than Ferrari ownership isn't the right thing to be getting into ......
Power Cubed warranty, basically covering everything except damage - £3,300
Power warranty, as above but excluding electrics, pipes, hoses etc - £1,600.
Surely if £1600 on a warranty is a financial deal breaker than Ferrari ownership isn't the right thing to be getting into ......
Jonny5 said:
Surely if £1600 on a warranty is a financial deal breaker than Ferrari ownership isn't the right thing to be getting into ......
What a strange and absurd statement. Trying to save a bit of money isn't something that Ferrari's owners do when it comes to running their cars?
Me personally, i decided not to get a warranty and start using Indies, doesn't mean i can't afford to run my car now does it?
Whats the point in looking around at prices for new tyres, i mean hey, if you own a Ferrari surely it doesn't matter what the tyres cost.
Ok. Maybe that wasn't worded quite right. It's not a case of saying you can't afford to run your car, but isn't the smart thing to do to keep the car offically warranty'd by retaining the Full Ferrari SH and mitigating any MAJOR expenses. To me that's simple business sense.
In my experience people are risk adverse and come resale they will pick a FFSH which infers a ferrari warranty can be put on. It also opens up the possibility of selling to a main dealer SOR or outright purchase, something an indi service history would hinder you with
I think it's worth adding that unless a third party warranty has a very high claim limit (25k plus) they generally aren't worth the paper they're written on.
360stimo said:
Jonny5 said:
Surely if £1600 on a warranty is a financial deal breaker than Ferrari ownership isn't the right thing to be getting into ......
What a strange and absurd statement. Trying to save a bit of money isn't something that Ferrari's owners do when it comes to running their cars?
Me personally, i decided not to get a warranty and start using Indies, doesn't mean i can't afford to run my car now does it?
Whats the point in looking around at prices for new tyres, i mean hey, if you own a Ferrari surely it doesn't matter what the tyres cost.
Jonny5 said:
I think it's worth adding that unless a third party warranty has a very high claim limit (25k plus) they generally aren't worth the paper they're written on.
Stimo, well done, but think you might pay the prise of Indi-serviced car in the end. Lets us know if you think it was a deal breaker on resale. until then we'll assume it's a not bad route with risk vs cost.
Warranty is good if you have doubts, but I only used mine when I had niggly problems on both Ferrari's apart from one 2k claim for a suspension problem.
Jon, I think your a bit of course there with the statement. I have never come across a 3rd Party warranty of 25k limit being offerred out to me as part of a sale, unless you buy it yourself, but I assume your speaking as if the dealer buys it. Even so he'll only pass the cost on to the seller possoibly. It would be very good though.
I have 10k with my AA Gold warranty, which I think IMO is borderline, would have prefferred more, but as they spent 5k on my prep via Official Lambo Dealer which I seen the invoice for I feel that 10k should be suffice, outside of wear and tear.
It would be interesting to know what limit Lambo Lonodn put on their 3rd party warranty for the G and M, as I believe they use the same AA Gold warranty when it's out of Manufacturer warranty. This I presume would be the same type of cover for a Fcar.
I have always gone with some warranty as always liked the backup, but not sure if my car was sub 40k would I bother. I might chance it if I had a good history file for the car and it had been serviced properly, ever year and with the "Right" type of service as people have a habit of missing important one, christ I even did it myself by mistake.
For me it's a yes, warranty required.
Jonny5 said:
Ok. Maybe that wasn't worded quite right. It's not a case of saying you can't afford to run your car, but isn't the smart thing to do to keep the car offically warranty'd by retaining the Full Ferrari SH and mitigating any MAJOR expenses. To me that's simple business sense.
In my experience people are risk adverse and come resale they will pick a FFSH which infers a ferrari warranty can be put on. It also opens up the possibility of selling to a main dealer SOR or outright purchase, something an indi service history would hinder you with
I think it's worth adding that unless a third party warranty has a very high claim limit (25k plus) they generally aren't worth the paper they're written on.
360stimo said:
Jonny5 said:
Surely if £1600 on a warranty is a financial deal breaker than Ferrari ownership isn't the right thing to be getting into ......
What a strange and absurd statement. Trying to save a bit of money isn't something that Ferrari's owners do when it comes to running their cars?
Me personally, i decided not to get a warranty and start using Indies, doesn't mean i can't afford to run my car now does it?
Whats the point in looking around at prices for new tyres, i mean hey, if you own a Ferrari surely it doesn't matter what the tyres cost.
No, I think it is pretty good advice from Jonny5. £1,600 doesn't really cover that much work on a Ferrari (even at one of the best independents such as Verdi). The Ferrari warranty is pretty decent (although at that age not sure how many more years you can add to it).
Everyone tries to save money where they can, some go to greater lengths and bigger risks than others. If you can handle it if it goes wrong, and can afford it, then it's not a problem, but if you can't...
If you have owned the car for a while and know its history well, then (to me) it makes sense to be inclined to trust it more than a car that you'd just bought and not bother with a warranty.
Personally, although I think they are relatively strong cars (the engines seem pretty good anyway), I think for the peace of mind, £1600 is well worth it. To me, a car with one/two or MAX three owners, owned it for a decent length of time, is more trustworthy than a car that had been through 6 owners and only independent servicing history. What I like about the main dealer servicing is that you can easily check the cars history and notes made at the time. That said, I'd be more inclined to use Verdi's for anything except servicing (mainly coz I'd want the car to be under warranty).
CUE99 just seen your post, in answer to your question re Lambo London's warranties: on the Murcielago they are RAC I believe, can't remember which but it's either 5 or 10k claim limit. BUT they will look after you as a bit of goodwill too outside of normal warranty, but that is not guaranteed I guess. Not aware of any third party warranties offered on the Gallardo as yet.
Edited by ninja_eli on Saturday 20th January 17:12
Hi Paul 
Maranello's put a 25k claim limit policy on their cars , a friends Murcie had one. Very rare , I know ! RAC warranty for LL , unsure of claim limit - gt2man knows I believe ..... 10k much much better than 5, and our lambo's are strong old beasts unlike those flakey prancing donkeys
Re; Ferrari warranty. Up to 6 years with FFSH (and inspection?) on Power Warranty. Years 7&8 avail if previously been on Power Warranty
Maranello's put a 25k claim limit policy on their cars , a friends Murcie had one. Very rare , I know ! RAC warranty for LL , unsure of claim limit - gt2man knows I believe ..... 10k much much better than 5, and our lambo's are strong old beasts unlike those flakey prancing donkeys
Re; Ferrari warranty. Up to 6 years with FFSH (and inspection?) on Power Warranty. Years 7&8 avail if previously been on Power Warranty
Edited by Jonny5 on Saturday 20th January 17:19
Jonny5 said:
Hi Paul
Maranello's put a 25k claim limit policy on their cars , a friends Murcie had one. Very rare , I know ! RAC warranty for LL , unsure of claim limit - gt2man knows I believe ..... 10k much much better than 5, and our lambo's are strong old beasts unlike those flakey prancing donkeys
Maranello's put a 25k claim limit policy on their cars , a friends Murcie had one. Very rare , I know ! RAC warranty for LL , unsure of claim limit - gt2man knows I believe ..... 10k much much better than 5, and our lambo's are strong old beasts unlike those flakey prancing donkeys
Yeah agreed, I don't even have a rattle in my Lambo, feels very well put togeather I'll agree!! LL I believe do use the RAC warranty though is actually the AA underwritten one, and is the same as mine. totally bizarre I know but that was the word last time we spoke.
Is that 25k limit a Power warranty your talking about, or is it for their "special" stock, which I could understand why they do that. I mean 25k is pretty nothing for an anniversary car.
GT2man whats the limit mate?
As Stimo says, there's no right nor wrong answer.
My car was initially fully serviced by the main dealers and fully warrantied by the same. I had the devil's own job claiming on the warranty and, I'm afraid, did not get satisfaction in that respect (search on clubscuderia for details if you're interested). Their warranties (to be honest most warranties) are full of holes and exclusions and the underwriters will pretty much always do whatever they can to avoid paying out (as with most insurance).
End of the day, I took the view that I'd already been spanked on purchase price for a FFSH car that in absolute terms bought me absolutely feck all in terms of the quality of the car, I was further spanked on the cost of the additional warranty I purchased (because like many first time buyers, I was scared shitless about something going wrong, something the main dealers did nothing to dispel) and I was spanked yet more by paying over the odds for the main dealers to service it. You could say I was spanked even more again as they never actually fixed anything properly!
There comes a point where you've been spanked enough. And you have to start thinking for yourself, and thinking logically in that these are just cars (albeit with some expensive parts). And that the main dealers are just car dealers!
It was at this point that I found Verdis (I shan't be apologetic for the plug - and there are others like those guys around).
He fixed a whole bunch of stuff the main dealers hadn't. He was cheaper to use for servicing the car, and spent plenty of time talking me through the car and the pros and cons of warranties on them, giving me the benefit of his experience (despite me not buying the car from him or, at that point, not having had much work done there).
There will *always* be risks in owning highly strung performance cars whose maker deems it fair and right to skin you on the cost of parts (even those that aren't bespoke to the car - witness a heater motor that's 400 quid at Ferrari and 37 quid from Saab!). But if you buy the right car, and service it properly with people who know WTF they're doing, the risk of something major going wrong is reduced.
I'm not saying this doesn't stop the old sphincter puckering each time you get an odd noise here or there. But often a call to someone you trust can calm you down immensely
Touch wood, my car's running better and better. The only thing that's pissing me off at the moment about it is that the boot's leaking for some reason, and the paint on the buttresses refuses to behave. None of the warranties mentioned would have cured these. I just need to find a solution and pay for it
While ever the panic and illogical thought on these vehicles continues, the main dealers will continue to take advantage of owners. It'd be nice if the main dealers could be a little more encouraging to the newbies and start making sure people know the cars they peddle are actually pretty sturdy. But then you have to pay for your nice tiles showroom somehow
My car was initially fully serviced by the main dealers and fully warrantied by the same. I had the devil's own job claiming on the warranty and, I'm afraid, did not get satisfaction in that respect (search on clubscuderia for details if you're interested). Their warranties (to be honest most warranties) are full of holes and exclusions and the underwriters will pretty much always do whatever they can to avoid paying out (as with most insurance).
End of the day, I took the view that I'd already been spanked on purchase price for a FFSH car that in absolute terms bought me absolutely feck all in terms of the quality of the car, I was further spanked on the cost of the additional warranty I purchased (because like many first time buyers, I was scared shitless about something going wrong, something the main dealers did nothing to dispel) and I was spanked yet more by paying over the odds for the main dealers to service it. You could say I was spanked even more again as they never actually fixed anything properly!
There comes a point where you've been spanked enough. And you have to start thinking for yourself, and thinking logically in that these are just cars (albeit with some expensive parts). And that the main dealers are just car dealers!
It was at this point that I found Verdis (I shan't be apologetic for the plug - and there are others like those guys around).
He fixed a whole bunch of stuff the main dealers hadn't. He was cheaper to use for servicing the car, and spent plenty of time talking me through the car and the pros and cons of warranties on them, giving me the benefit of his experience (despite me not buying the car from him or, at that point, not having had much work done there).
There will *always* be risks in owning highly strung performance cars whose maker deems it fair and right to skin you on the cost of parts (even those that aren't bespoke to the car - witness a heater motor that's 400 quid at Ferrari and 37 quid from Saab!). But if you buy the right car, and service it properly with people who know WTF they're doing, the risk of something major going wrong is reduced.
I'm not saying this doesn't stop the old sphincter puckering each time you get an odd noise here or there. But often a call to someone you trust can calm you down immensely
Touch wood, my car's running better and better. The only thing that's pissing me off at the moment about it is that the boot's leaking for some reason, and the paint on the buttresses refuses to behave. None of the warranties mentioned would have cured these. I just need to find a solution and pay for it
While ever the panic and illogical thought on these vehicles continues, the main dealers will continue to take advantage of owners. It'd be nice if the main dealers could be a little more encouraging to the newbies and start making sure people know the cars they peddle are actually pretty sturdy. But then you have to pay for your nice tiles showroom somehow
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