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A couple of years back, Ferrari was widely rumored to be working on an "entry-level" model to slot in below the F430 (since replaced by the 458 Italia). The result was the California. And all the while they were working on it – with test mules lapping Fiorano like an F1 driver recovering from a head injury – company spokesmen declared that the true entry level for new Ferrari owners was a pre-owned Ferrari. Now the famed automaker from Maranello is putting its money where its mouth is with the new "Power Warranty".

In order to entice prospective owners and counteract the notorious unreliability of older Prancing Horses – its part of their character, say the faithful – Ferrari has launched a 24-month warranty on a wide range of certified pre-owned models in the 360, F430, 550/575, 599 and 612 ranges, including all variants: coupes, roadsters and lightweight models, no more than eight years old and with no more than 90,000 kilometers on the odometer.

The warranty is optional, includes roadside assistance, and can be purchased by current owners to extend their existing warranties. Details in the press release after the jump.

[Source: Ferrari]
Show full PR text

Ferrari is pleased to announce a 24-month Power Warranty on all Ferrari Approved cars purchased through the Official Ferrari Dealer network. Ferrari is the first manufacturer to offer a 24-month factory warranty on pre-owned vehicles, and offers customers twice the peace of mind when investing in the Prancing Horse of their dreams.

The warranty remains with the vehicle and has a duration of 24 months from the date of vehicle purchase from an Official Dealer provided that the vehicle is correctly maintained (including the annual inspection) at an Official Ferrari Dealer or Authorised Repairer within 30 days of expiry of the first 12-month period. In addition, customers of the Ferrari Approved programme also receive a free subscription to the Ferrari Magazine and Ferrari Roadside Assistance service for the duration of the warranty.

The Ferrari Approved programme offers peace of mind and reassurance for customers purchasing a Ferrari up to eight years old. With the support of a warranty underwritten by Ferrari, and a comprehensive 190-point technical inspection, Ferrari Approved is a testament to the company's confidence in the enduring appeal of cars which proudly wear the Prancing Horse badge.

The programme is available through all Official Ferrari Dealers and it offers considerable benefits to customers for ultimate peace of mind:
  • 190-point comprehensive and detailed technical inspection
  • Only Ferrari Genuine Parts are used to repair or replace defective items
  • An independent verification check to certify the car's identity, mileage and ownership history
  • Verification the car is not subject to any outstanding finance agreement
  • A Ferrari Service History Check to verify the car has been appropriately maintained by Ferrari
  • A minimum of 24 months Ferrari factory based warranty *
  • A minimum of 24 months Ferrari Roadside Assistance

The programme's comprehensive 190-point technical inspection and factory-backed warranty are designed to offer similar standards of vehicle preparation for customers buying a pre-owned Ferrari as those buying a new one. Cars available in the programme include icons from both the V8 and V12 ranges:

V8 range:
  • 360 Modena
  • 360 Spider
  • Challenge Stradale
  • F430
  • F430 Spider
  • 430 Scuderia

V12 range
  • 550 Maranello
  • 550 Barchetta Pininfarina
  • 575M Maranello
  • Superamerica
  • 599 GTB Fiorano
  • 612 Scaglietti

The range of Ferrari Approved cars available can be viewed via the www.ferrariapproved.com website, with full details of each car available for sale through the Official Ferrari Dealer Network. The website features the most comprehensive and up-to-date list of Ferrari Approved Used Cars available in the network, with personalised search criteria to refine the search by preferred colour, mileage, transmission and price range.

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    • 1 Second Ago
      • 5 Years Ago
      If you can't afford to buy a Ferrari new, you can't afford to buy a Ferrari.
        • 5 Years Ago
        No, but you can afford some really fantastic looking furniture that will make noise on dry, warm days and sometimes even move.
      • 5 Years Ago
      If there's any car that needs an extended warranty it's a Ferrari. The dealer gets to see the car more than the owner. However, the F430 seems to be a bit better, than past models. These are generally their owners third cars so they put up with it.
        • 5 Years Ago
        Simply not true.

        I have worked around Ferraris both modern and classic for over 10 years and can tell you firsthand that they are not the unreliable, temperamental money pits that most believe. In fact, we have one 50's and two 60's cars that have needed nothing more than fluid changes for the past ten years and are driven every week.

        Of course, they aren't cheap and neither are the parts or maintenance. I would say that just like most things the extended warranties are a sucker's bet and are simply an additional revenue stream they can upsell you.
      • 5 Years Ago
      Extended warranty? How can I lose?!
        • 5 Years Ago
        +1 for Homer simpson reference!
      • 5 Years Ago
      All I'm gonna say is if I'm going to spend that much money on a car, it better run FOREVER.

      Style and passion is one thing, but if the underlying mechanicals are not built to last more than 10,000 miles, that is a problem.
        • 5 Years Ago
        Buy a Corvette ZR1 instead?
        • 5 Years Ago
        I know of Ferraris with more than 100,000 miles and going strong. They are not as bad as people think. The problem is that some cars suffer deferred maintenance, and that is bad for ANY car.
      • 5 Years Ago
      It's a great way for Ferrari to reach-out to the "up and coming" exotic buyers without devaluing their brand with cheaper models...

      McG's right. The lightly-used market for exotics is huge. If the buyer of the lightly-used Ferrari has a good experience then they might be convinced to buy new the next time...

      • 5 Years Ago
      I'll take both the ZR1 and a Ferrari any day! However its great that Ferrari's offering this type of warranty for their pre-owned Ferrari's. This should do nothing but help raise their sales. Overall its a smart move but a move that its competitor (Chevy Corvette) has had for a long time now.
      • 5 Years Ago
      Show me the Carfax and what do I make the check out for - out the door price, of course!
      • 5 Years Ago
      You buy a Ferrari because of the brand name. period.

      If you want performance, Nissan GTR is the best performance bargain.

      If you want a reliable, luxurious, comfortable performance car, Audi R8 has got that covered.

      If you want lots of fun, ZR1 is there.

      ZR1/R8/GTR are more than capable even on a race track.

      You buy a Ferrari because you want one. If Ferrari made cheap cars, their brand value will go down, and that is part of the appeal.

      Ofcourse, feel free to disagree with me.

      • 5 Years Ago
      They could be a little more confident in their own product, 24 months & the other restrictions sounds like even the factory doesn't want to be responsible. It is obviously cheaper for them than anyone else - and of course you must buy from their dealer.
      • 5 Years Ago
      I would like to say, "go Ferrari!" for putting their money behind their cars, which could incentivize them to make ones that don't cost $2/mile to maintain.

      However, when it comes to fleecing the (now, much larger!) wealthy classes, Ferrari has got it down. This is no doubt just a new way for them to do it. Extended warranties are great, but I'm sure their pricing will provide just a new way to scam their clients while allowing them to elevate resale values.

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