Qualifier: We have a 488 GTB - I would NOT buy it for personal use but if you are looking to sell it, you should. Having said that, if you sell it via a dealer, they will probably add the warranty in any case, so i would skip the 10k and pocket it.
David. I also have a Cali T. 2016. It had 400 miles when I bought it from the dealer in Ft Lauderlale. About 1 month after purchase the gear box had to be replaced. It took Ferrari Italy about 2 weeks to approve the repair. I did not buy the Ext warranty. Hopefully I made a good decision.
This may sound a little funny at first, but contact Circle Porsche and ask for the finance manager.
Tell them you want an extended warranty... I think you'll be happy with the coverage and the price. It didn't matter that I didn't buy the car from them or that I don't live in Ca. It also won't matter that your looking for a Ferrari instead of a Porsche. More than likely you will have to have an inspection done on the car, but I had my normal Porsche mechanic handle it and they had no issue...
I've used this warranty on a couple of different 911 turbo's and it's paid for its self on both cars.
I belong to an exotic car club in Houston (www.freedomsupercars.com), and am a small percentage owner of the club as well. We have a couple Ferraris in the club, and had a 2016 California for some time. Along with multiple Lambos, 2 McLarens, Audi R8 GT, 911, Rolls, etc. I'm pretty sure the club recently purchased the extended warranty on at least one of the Ferraris despite the high price. Now these cars are driven a fair number of miles by a variety of members, but not any more annually than you drive your car. Our experience in the club is that having the x-warranty allows the club to better manage maintenance expenses. A personal car, however, is a different situation and it would not be unreasonable for you to take the risk especially if you're going to upgrade the car within the two-year window.
I've owned maybe a dozen Ferraris; have a 488 Spider currently. They've all been pretty bulletproof cars but I've never owned one out of warranty. The new cars come with 5 years of MX and I think Ferrari wants to be sure there are no dissatisfied customers out there telling stories of massive MX or repair bills, so the extended warranty offer is true to form. Repairs can be hideously expensive, so if you take the chance it could be punishing. For $400/month I'd take the chance anyway.
In the event you have a bad event that seems unfair, Ferrari may provide some help anyway as a goodwill gesture. I've had Mercedes provide the parts and I paid the labor. If a transmission fails at 30,000 miles with no track use recorded in the chip I'll bet Ferrari would step up.
Never owned one out of warranty? Hell, you have never renewed license plates or bought tires! .
No way I would buy the warranty. It's a sucker bet to me.
I'm a Porsche guy but have been eyeing a 458 for awhile. That engine sounds so good!
The new 720s sypder is amazing. Been talking to dealer since they announced it. Must resist billionaire doors. .
Joe RaineyNever owned one out of warranty? Hell, you have never renewed license plates or bought tires! .
if you buy the right car at sticker it's almost free as long as it remains "the car". So yeah, trade them in at the right time.
I had 3 458s, and loved them. But the 488 is better in every way!
Tonight I have a 488 spider and a new GT2rs. The GT2 farts, while the Ferrari sings! The best thing I could ever say about a McLaren was Ron Dennis's girlfriend - wow, and damn! When they booted him I lost interest in their product. I know the GT2 is king of the mountain, but Ferrari is, well, Ferrari. Patek. Petrus. Ocean Alexander.
FWIW my son got his GT3rs the same day I got my GT2. His is better. That shriek for the last 2,000 rpm that the turbos deny......
My GT3rs has been delayed again. Delivery March 8. Customization slowing it down. Next time I'll just shut up and pick the standard stuff and be done with it.
Love the 488 as well, but that 458 sound is intoxicating as well as pretty cheap today. I really like the 720s as well, but tough to pull the trigger on one of those. Depreciates like an Eclipse.
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