488 Deal on the cards - Viewing Checklist

488 Deal on the cards - Viewing Checklist

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Discussion

SRBA

Original Poster:

134 posts

102 months

Thursday 12th November 2020
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Hi All,

I’m in the process of doing a deal on a 2016 488 & will be viewing the car in the coming days.

From previous experiences, is there anything/anywhere i should pay particular attention too?

Any advice, tips will be much appreciated

Griffgrog

718 posts

253 months

Friday 13th November 2020
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I'd very carefully look at the bodywork for any signs of damage or repair. I had a very unfortunate experience with a main dealer where the bodywork on a 458 Spyder they sold me wasn't repaired to the standard you might have expected from the main dealer. The car was otherwise fantastic, but I sold it after test driving a 488 GTB and falling for it.

You don't say if it's from a main dealer, but I'd be pushing for a warranty extension too, although you still have quite a lot left if it comes with the 7 year warranty and servicing.

It's tough selling 488's at the moment, so push for a deal. It's an underrated car!

SRBA

Original Poster:

134 posts

102 months

Friday 13th November 2020
quotequote all
Griffgrog said:
I'd very carefully look at the bodywork for any signs of damage or repair. I had a very unfortunate experience with a main dealer where the bodywork on a 458 Spyder they sold me wasn't repaired to the standard you might have expected from the main dealer. The car was otherwise fantastic, but I sold it after test driving a 488 GTB and falling for it.

You don't say if it's from a main dealer, but I'd be pushing for a warranty extension too, although you still have quite a lot left if it comes with the 7 year warranty and servicing.

It's tough selling 488's at the moment, so push for a deal. It's an underrated car!
Thanks, yes, it’s a main dealer car.

2 year warranty and 2 years free servicing left also.

ANOpax

922 posts

173 months

Friday 13th November 2020
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Griffgrog said:
I'd very carefully look at the bodywork for any signs of damage or repair. I had a very unfortunate experience with a main dealer where the bodywork on a 458 Spyder they sold me wasn't repaired to the standard you might have expected from the main dealer. The car was otherwise fantastic, but I sold it after test driving a 488 GTB and falling for it.

You don't say if it's from a main dealer, but I'd be pushing for a warranty extension too, although you still have quite a lot left if it comes with the 7 year warranty and servicing.

It's tough selling 488's at the moment, so push for a deal. It's an underrated car!
The warranty is not 7 years from new - that's only the servicing.
Standard warranty is 3 years which can be extended as a full warranty for another two consecutive years. If the warranty isn't extended, your only choice is the New Power warranty (which isn't worth the paper its written on).

To the OP, make sure that the 2 years used car warranty you're getting is equivalent to the full new car bumper to bumper warranty. Don't let them fob you of with 2 years of New Power warranty which only covers the drivetrain and has more holes in it than a Swiss cheese.

garystoybox

812 posts

124 months

Friday 13th November 2020
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ANOpax said:
The warranty is not 7 years from new - that's only the servicing.
Standard warranty is 3 years which can be extended as a full warranty for another two consecutive years. If the warranty isn't extended, your only choice is the New Power warranty (which isn't worth the paper its written on).

To the OP, make sure that the 2 years used car warranty you're getting is equivalent to the full new car bumper to bumper warranty. Don't let them fob you of with 2 years of New Power warranty which only covers the drivetrain and has more holes in it than a Swiss cheese.
Actually the standard warranty is 4 years from new, you can extend the full factory warranty which basically covers everything for a further 12 months (must be done before end of factory warranty) which I think is c£4K, although the power warranty is what approved used cars will have on reaching age 4. After this, I.e. age 5 onwards, no option other than the New Power warranty which is about £3k per annum.

Taffy66

5,964 posts

109 months

Friday 13th November 2020
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The standard factory new Ferrari warranty is actually only three years with an option to extend for either one or two years. After the Ferrari passes its fifth birthday then the only option is the Power warranty which is watered down.

garystoybox

812 posts

124 months

Saturday 14th November 2020
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Taffy66 said:
The standard factory new Ferrari warranty is actually only three years with an option to extend for either one or two years. After the Ferrari passes its fifth birthday then the only option is the Power warranty which is watered down.
Have they reverted this back to 3 years very recently? My 2018 488 came with 4 years and I didn’t pay for an extra year.

SRBA

Original Poster:

134 posts

102 months

Saturday 14th November 2020
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Does anyone know exactly what the below spec option consists of, I’ve read elsewhere it’s just the colour of the exhaust tips (black)

EXA3: Sport Exhaust System

Taffy66

5,964 posts

109 months

Saturday 14th November 2020
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garystoybox said:
Have they reverted this back to 3 years very recently? My 2018 488 came with 4 years and I didn’t pay for an extra year.
All new Ferraris come with a three year warranty as standard including your 488, however there was a discounted fourth year warranty you could spec when submitting the order to the factory. A lot take it up as its a fraction of what it costs when you do it after taking ownership of the Ferrari.

garystoybox

812 posts

124 months

Saturday 14th November 2020
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Taffy66 said:
All new Ferraris come with a three year warranty as standard including your 488, however there was a discounted fourth year warranty you could spec when submitting the order to the factory. A lot take it up as its a fraction of what it costs when you do it after taking ownership of the Ferrari.
Hmmm, if 3 years now then definitely changed as just dug out my order/paperwork from 2018 and both the price list and invoice clearly confirm 4 years standard on all uk cars, at no additional cost. Possibly Ferrari Uk made this compulsory to aid residuals and included in the RRP? It’s actually used as a selling point in bold on the 2nd page of the uk price list spiel.

Taffy66

5,964 posts

109 months

Sunday 15th November 2020
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garystoybox said:
Hmmm, if 3 years now then definitely changed as just dug out my order/paperwork from 2018 and both the price list and invoice clearly confirm 4 years standard on all uk cars, at no additional cost. Possibly Ferrari Uk made this compulsory to aid residuals and included in the RRP? It’s actually used as a selling point in bold on the 2nd page of the uk price list spiel.
You're quite correct and i'm not up to speed on new Ferrari warranties it seems. All the Ferraris i've bought have been used and built before 2018 where it was three years. I had my dealer send me the price list for the new F8 a couple of months ago and just checked and it clearly states four year warranty is now standard on all new Ferraris
https://swindon.ferraridealers.com/en_gb/explore/s...

This is what i read previously which led me to believe it was three years rather than four. Very confusing and contradictory info from ferrari.






Edited by Taffy66 on Sunday 15th November 00:09

SRBA

Original Poster:

134 posts

102 months

Sunday 15th November 2020
quotequote all
I’ve been told by the dealer that they only offer the power warranty on the used car I’m looking at as it’s a 2016, which makes sense from reading Taffys link above.

2 year power warranty & remainder of service plan until 2023

All I need now is to be allowed to view and drive the car!