458 Running costs?
Discussion
Just doing a bit of research I've spent quite a bit of time lusting after 991.2 GT3 and missed a couple of ideal ones being too slow to move on them. Scanning the classifieds I was quite surprised to see that a 458 is a broadly similar price. I've never classed myself as a particular Ferrari nut or anything but I have always loved the 458 design.
I believe the warranty costs are similar to McLaren? Any no go's on spec or colour? Do I need to buy a red one?
They look to be possibly a bit safer bet for depreciation than a 991 but the increased running costs I'm guessing will negate the slower fall in prices.
Any particular advantage going main dealer over a good indie or even private?
I believe the warranty costs are similar to McLaren? Any no go's on spec or colour? Do I need to buy a red one?
They look to be possibly a bit safer bet for depreciation than a 991 but the increased running costs I'm guessing will negate the slower fall in prices.
Any particular advantage going main dealer over a good indie or even private?
If you don’t get the main dealer warranty, you can get a ‘New Power’ warranty applied to any car from any source (private or trade). But it requires an inspection before it can be applied so ensure that you get that done as a condition of sale.
The New Power warranty is not very comprehensive and will only really cover the expensive oily bits (engine and gearbox).
The New Power warranty is not very comprehensive and will only really cover the expensive oily bits (engine and gearbox).
ANOpax said:
If you don’t get the main dealer warranty, you can get a ‘New Power’ warranty applied to any car from any source (private or trade). But it requires an inspection before it can be applied so ensure that you get that done as a condition of sale.
The New Power warranty is not very comprehensive and will only really cover the expensive oily bits (engine and gearbox).
Thanks do you know what the cost for a 2 year warranty is? The New Power warranty is not very comprehensive and will only really cover the expensive oily bits (engine and gearbox).
I don't think you can buy a 2 year warranty up front (although that's generally what you get when you buy a car from a main dealer).
The first year is more expensive for some reason: approx £2800
The second year drops down to about £2000
I spent a long time trying to argue the first year's price down, but didn't get anywhere. Decided to go for it anyway.
The first year is more expensive for some reason: approx £2800
The second year drops down to about £2000
I spent a long time trying to argue the first year's price down, but didn't get anywhere. Decided to go for it anyway.
Here are the actual warranty costs for the Ferrari New Power Warranty, covering 5 years to 12 years, and the New Power 15 for cars from 12 years to 15 years old. There are also reduced fees for renewal of warranty, and reduced even further for claim free renewal of warranty.
For a 458 Italia, and any other car registered after April 2011 when the 7-year Genuine Maintenance programme was introduced, you should also consider the "Main Power" or "Main Power 15" which also extends the vehicle's
scheduled maintenance plan beyond the initial 7-years included with each new Ferrari.
And, to be completely transparent about what is covered by the New Power (5-12) and New Power 15 (12-15), here are two pages from the official Ferrari warranty brochure which is available through the official Ferrari dealer network.
Hope it helps understand the costs and which components are covered by the New Power warranty - much more than just engine and gearbox, also includes air conditioning compressor and power window motors, etc.
We look forward to welcoming you to the Ferrari family very soon.
For a 458 Italia, and any other car registered after April 2011 when the 7-year Genuine Maintenance programme was introduced, you should also consider the "Main Power" or "Main Power 15" which also extends the vehicle's
scheduled maintenance plan beyond the initial 7-years included with each new Ferrari.
And, to be completely transparent about what is covered by the New Power (5-12) and New Power 15 (12-15), here are two pages from the official Ferrari warranty brochure which is available through the official Ferrari dealer network.
Hope it helps understand the costs and which components are covered by the New Power warranty - much more than just engine and gearbox, also includes air conditioning compressor and power window motors, etc.
We look forward to welcoming you to the Ferrari family very soon.
I'm not sure what to make of what is apparently a Ferrari North Europe account posting here. I'm sure the information is welcome but they've never bothered with anything like that before (and the account shows it has existed for more than five years). That makes me wonder if they're in sudden panic mode and see their whole business going south post Covid-19.
Interesting that your details show that fuel pumps are covered under New Power warranty.
I had the fuel pump connector fail on my FF and the manual gearbox override has also failed. Neither were covered under the NP warranty. The fuel pump was declined as the pump itself hadn’t failed - just the connector...
Ditto the manual gearbox override. Because the physical linkage to the gearbox had failed, that was also declined.
The Ferrari warranty is not comprehensive so don’t rely on it to be so. This is why long time Ferrari owners choose to self insure.
I had the fuel pump connector fail on my FF and the manual gearbox override has also failed. Neither were covered under the NP warranty. The fuel pump was declined as the pump itself hadn’t failed - just the connector...
Ditto the manual gearbox override. Because the physical linkage to the gearbox had failed, that was also declined.
The Ferrari warranty is not comprehensive so don’t rely on it to be so. This is why long time Ferrari owners choose to self insure.
Edited by ANOpax on Monday 1st June 17:34
jtremlett said:
I'm not sure what to make of what is apparently a Ferrari North Europe account posting here. I'm sure the information is welcome but they've never bothered with anything like that before (and the account shows it has existed for more than five years). That makes me wonder if they're in sudden panic mode and see their whole business going south post Covid-19.
Well the first car I inquired about today had already sold so im not sure there's an issue with used just yet. http://www.autotrader.co.uk/classified/advert/2020...
If im not mistaken its appeared on seven days performance as a raffle prize if its the same car. That ad just popped up on facebook this morning
If im not mistaken its appeared on seven days performance as a raffle prize if its the same car. That ad just popped up on facebook this morning
Ah I spoke to this dealer in lockdown he was ok a little bit difficult to deal with, told Me a few times he would rather wait and sell the car to somebody with a cheeky Px and to use there finance ( I had my own ) to get a bit of commission etc
Nice car none the less
The 7 days performance advert is a different car
If it’s in your budget I test drove the 458 at Solihull Ferrari last week. 135k. It is a nice car only out of is the engine bay being a little weathered . Has ppf too
Nice car none the less
The 7 days performance advert is a different car
If it’s in your budget I test drove the 458 at Solihull Ferrari last week. 135k. It is a nice car only out of is the engine bay being a little weathered . Has ppf too
Edited by Regy53 on Monday 1st June 22:54
Unless things have changed the New Power Warranty doesn’t cover oil leaks, which include leaking mag shocks, and that’s one of the things most likely to go wrong.
Not much fun having to buy 4 new shocks for a car that had done 9k miles. The dealer was supportive and chipped in, but Ferrari weren’t interested.
Apart from that though you should be ok with the warranty.
Not much fun having to buy 4 new shocks for a car that had done 9k miles. The dealer was supportive and chipped in, but Ferrari weren’t interested.
Apart from that though you should be ok with the warranty.
I've had a 458 Spider from new in April 2014.
It's done 25000 miles ish now, 80% of that round Europe as far as Rome, Spain, Austria, Czechia etc and followed the Mille Miglia. I drive it as Enzo intended where appropriate.
It doesn't have nose lift, doesn't need it. My F12 does and does need it.
It's cost me around £2200 for extended warranty per year since the 4 year one expired. No claims.
It's had a set of front pads at around £750. It'll need rears at around £600 next Spring.
It's had one roof cable as it snapped in Austria (all it does is lift the little flap out of the way when the roof closes, looks like a bicycle brake cable). Around £700 as it's part of a kit (Ferrari for you!).
I've had the rear diffuser (it has all the carbon except the diffuser as I was told that I would definitely damage it - they were right) fixed and sprayed twice now (once reversed into a kerb when parking in Austria, once bottomed out in a dip in the Alps). Cant remember the cost but £1xx each time.
I get two summers out of a set of front tyres, I buy a set of rears every year. I run it April to October. It's kept inside in a showroom like garage with climate control.
It's just had it's service this year along with rear tyres, MOT and Warranty check. Nothing needs doing, brake disc wear is around 15% (cant quite remember what it was) and the technician at Leeds Ferrari always tells me its the cleanest and best condition 458 he works on. Reckons using them makes all the difference. I have to admit, I have more issues with the cars I rarely drive than the ones I drive more.
That's it. I'll never, ever part with it. Still makes me grin 6 years later.
(I've ignored repairs to the PPF that covers the whole car as that's optional. It takes the hits so the bonnets been re-done once and the front bumper twice now).
It's done 25000 miles ish now, 80% of that round Europe as far as Rome, Spain, Austria, Czechia etc and followed the Mille Miglia. I drive it as Enzo intended where appropriate.
It doesn't have nose lift, doesn't need it. My F12 does and does need it.
It's cost me around £2200 for extended warranty per year since the 4 year one expired. No claims.
It's had a set of front pads at around £750. It'll need rears at around £600 next Spring.
It's had one roof cable as it snapped in Austria (all it does is lift the little flap out of the way when the roof closes, looks like a bicycle brake cable). Around £700 as it's part of a kit (Ferrari for you!).
I've had the rear diffuser (it has all the carbon except the diffuser as I was told that I would definitely damage it - they were right) fixed and sprayed twice now (once reversed into a kerb when parking in Austria, once bottomed out in a dip in the Alps). Cant remember the cost but £1xx each time.
I get two summers out of a set of front tyres, I buy a set of rears every year. I run it April to October. It's kept inside in a showroom like garage with climate control.
It's just had it's service this year along with rear tyres, MOT and Warranty check. Nothing needs doing, brake disc wear is around 15% (cant quite remember what it was) and the technician at Leeds Ferrari always tells me its the cleanest and best condition 458 he works on. Reckons using them makes all the difference. I have to admit, I have more issues with the cars I rarely drive than the ones I drive more.
That's it. I'll never, ever part with it. Still makes me grin 6 years later.
(I've ignored repairs to the PPF that covers the whole car as that's optional. It takes the hits so the bonnets been re-done once and the front bumper twice now).
I've had mine six years also, and have spent very little on it, relatively speaking. Beyond servicing ("free" up to seven years old) and tyres, and of course fuel, it's had a new battery, parking sensor and wiper blades. Of course there is always the possibility of a one off big expense, but thankfully that's much less likely with modern cars than it was in the past. As a result, I skip paying for a warranty, putting the money in savings/investments instead.
(As an aside, I'm a firm believer that a regularly used car will be a more reliable one. I've done 20k in six years, far from "high" mileage, but higher than many for sure. I wouldn't have it any other way though - better for me, and better for the car!)
(As an aside, I'm a firm believer that a regularly used car will be a more reliable one. I've done 20k in six years, far from "high" mileage, but higher than many for sure. I wouldn't have it any other way though - better for me, and better for the car!)
Edited by BlueIn2Red on Wednesday 3rd June 09:18
Had my 2012 Italia for just over 7 years now, done around 14k miles and has cost very little in that time, I’ve had one shock replaced (2k), one set of tyres and front discs and pads which cost 5k although this was factored into the cars purchase price.
Sadly I currently have a gearbox fault which I’m guessing will cost a bit but will have to see what Ferrari Colchester say once they have had a chance to diagnose. I’ve run without warranty for the last 4 years as I prefer to self insure. The only time I will consider selling it will be to upgrade to a Speciale but think I’d rather add a F12 for the price difference.
Sadly I currently have a gearbox fault which I’m guessing will cost a bit but will have to see what Ferrari Colchester say once they have had a chance to diagnose. I’ve run without warranty for the last 4 years as I prefer to self insure. The only time I will consider selling it will be to upgrade to a Speciale but think I’d rather add a F12 for the price difference.
fridaypassion said:
Thanks what are Leeds Ferrari like? They would be my local main. I would hope better than Porsche.
They were excellent, then they changed many staff and struggled and are now back to excellent. Sean, the new service manager, is very helpful and sensible. My F12 had part of the wiring loom replaced over Christmas as it turned out they were manufactured with a cable that didn't pass enough wattage sometimes. It made the stereo play but with no sound and sometimes it laboured to start. Maranello said it was a warranty claim so my warranty NCD went. I argued it was a recall. Sean backed me up. I kept my NCD.
I don't use Leeds Porsche for my Porsches, I prefer Strasse.
Gassing Station | Ferrari V8 | Top of Page | What's New | My Stuff