Is the Ferrari extended warranty worth it?
Is a Ferrari Extended Warranty Worthwhile for Ferrari Owners? For Ferrari owners, the cost of repairs can be astonishing, making an extended warranty an excellent investment. These warranties not only cover critical repairs, but they also save you money over time. An extended warranty won’t cover wear and tear or car accident repairs. Extended warranties are a gamble. You pay the full fee up front without knowing whether you’ll use the coverage, and you may need to purchase separate extended warranties for your car’s different systems.Like most insurance policies, an extended warranty is something you pay for in the hope that you’ll never need to use it. For many owners, it’s worth paying the price for peace of mind; even if your car is built by a brand renowned for its reliability, there’s always a risk that something could go wrong.Whilst it might be reassuring to have an extended warranty, they can come at a high price. And it still won’t necessarily cover everything that could go wrong. And, of course, you could find that the cost of the repair required was less than the price of the warranty. Or you may never need to use the warranty.An extended warranty typically costs an average of $600 to $2,000 per year, but that varies widely based on where you buy the warranty, the reliability of the vehicle the warranty covers, and other factors. The price of an extended warranty also is negotiable.This means you should expect to pay between $1,000 and $4,200 on a 36-month coverage term (paying for 18 months) for an extended warranty on a vehicle with more than 100,000 miles. As you put more mileage on your vehicle, the likelihood of needing a repair goes up, increasing the price you’ll pay for your warranty.
What is the Ferrari Power 16 warranty?
The Power16 programme protects the main components of the Ferrari, including engine, transmission, suspension, steering and electrical system. This coverage ensures maintenance of the car’s safety and performance standards from the 9th to the 16th year, and also includes a roadside assistance service, where available. The first automaker in the world to offer such a lengthy warranty extension, Ferrari is setting the benchmark in car care with this flexible and comprehensive package. The Power15 warranty can apply to any vehicle between the expiration of its new vehicle limited warranty and fifteen years from its date of sale.
Is a Ferrari high maintenance?
As a result, you can expect Ferrari maintenance costs to be higher than average. While the answer can once again vary, the average yearly cost to maintain a Ferrari can range from around $1,500 to $2,000. Ferrari dealership oil changes often cost $500–$900 depending on the model. At iFixExotics, we provide the same level of oil quality and protection at 30–50% lower price. You only pay for what’s required—no upsells or unnecessary additional services.