Just how good is the used warranty?
Discussion
Hi all, I'm toying with selling my 458 for a 720S. I've "self warrantied" the Ferrari over the past year as the Ferrari used warranty is pretty poor, only covering the "big" stuff like the engine which are the bits on them that generally don't go wrong. It's actually away currently for a service and some work as it has some electrical gremlins. I'm happy I didn't fork out for the warranty this year as whatever that costs wouldn't have been covered.
So, my understanding is that the Mclaren equivalent warranty is far, far more comprehensive. Is that genuinely the case and should you need to call on it how decent are Mclaren and the dealers at honouring it or is there a lot of wriggling that leaves you with a bill after all?
For reference I'd be looking at a 2018 / 19 720s, preferably lowish but not so low you can't drive it mileage (or is that just a Ferrari ownership thing?).
So, my understanding is that the Mclaren equivalent warranty is far, far more comprehensive. Is that genuinely the case and should you need to call on it how decent are Mclaren and the dealers at honouring it or is there a lot of wriggling that leaves you with a bill after all?
For reference I'd be looking at a 2018 / 19 720s, preferably lowish but not so low you can't drive it mileage (or is that just a Ferrari ownership thing?).
I do think that the exclusions has grown a little on the McLaren warranty - or at least, they are stricter at enforcing it.
Overall I'd say it's pretty good though.
I had it for two years with my first McLaren. But I'd never bothered with warranties on previous Ferraris etc - and the 2 years proved I didn't need one on the McLaren either. So I didn't renew and don't have one on my current car either
Overall I'd say it's pretty good though.
I had it for two years with my first McLaren. But I'd never bothered with warranties on previous Ferraris etc - and the 2 years proved I didn't need one on the McLaren either. So I didn't renew and don't have one on my current car either
It is actually reasonable, however the Insuring Underwriters have become more picky
The main advantage is if you have a good dealer relationship then the claim is more likely to be honoured.
Presumably they want the work and smooth the claims process
Just my experience and perhaps not everyone’s
The main advantage is if you have a good dealer relationship then the claim is more likely to be honoured.
Presumably they want the work and smooth the claims process
Just my experience and perhaps not everyone’s
Get the car inspected before you buy and self warranty would be my approach.
I self warranty my 12C. I put aside £3k a year for bills I hope will never arrive. So far, I have had three repairs at a total cost of £3.5k over 2.5 years (accumulators, air con condenser and a faulty soft close door latch). I’m not actually sure all three would have been covered even if I had paid for a warranty.
I self warranty my 12C. I put aside £3k a year for bills I hope will never arrive. So far, I have had three repairs at a total cost of £3.5k over 2.5 years (accumulators, air con condenser and a faulty soft close door latch). I’m not actually sure all three would have been covered even if I had paid for a warranty.
My experience is not great, the only reason I bought my 720s from a MD was because of the warranty. I can't remember the name of the warranty company but my first claim they refused to pay out because they said the fault must have been there when Mac sold me the car. Mac said no it wasn't. So took a lot of back and forth to get a resolution, all the time sat in workshop. Eventually MD paid after I sad I wanted to return the car.
MMarkM said:
My experience is not great, the only reason I bought my 720s from a MD was because of the warranty. I can't remember the name of the warranty company but my first claim they refused to pay out because they said the fault must have been there when Mac sold me the car. Mac said no it wasn't. So took a lot of back and forth to get a resolution, all the time sat in workshop. Eventually MD paid after I sad I wanted to return the car.
The warranty company argument doesn't sound that unreasonable (depending on the fault of course) - they shouldn't have to cover pre existing faults and no warranty company would.CRA should have put pressure on the dealer if it was in the first 6 months, since even that assumes the fault was present at the point of sale unless the dealer can prove otherwise.
I'd not bother, my experience is even with client services involved, you are unlikely to get a positive action out of it.
For instance, two items failing at the same time accoding to both parties, is wear and tear... ok yeah, sure, whatever you say. it was eventually partially resolved, but thats not the point.
and on it goes, new modified GT hinges, great they'll never fail, until they do, and round we go again.
Save your money, self warranty....
For instance, two items failing at the same time accoding to both parties, is wear and tear... ok yeah, sure, whatever you say. it was eventually partially resolved, but thats not the point.
and on it goes, new modified GT hinges, great they'll never fail, until they do, and round we go again.
Save your money, self warranty....
Streetbeat said:
Frankychops said:
£10k limit, all only valid if he decides its valid.
Is there any real world experience to suggest Thorney isnt standing by his warranties?My point is only that its not a warranty as such, its their willingness to repair upto '£10k'.
For what its worth, I think they're a sensible outfit. However they should give up making vids for youtube as it makes him come across in a particular way.
A good businessman though. Pay £££££'s to bring your car to his standards for sale(all at their say so), pay ££££'s to list it, then the new owner gets the chance to pay ££££'s to extend the warranty to 12 months. They've created a value chain, then owns every point.
davek_964 said:
The warranty company argument doesn't sound that unreasonable (depending on the fault of course) - they shouldn't have to cover pre existing faults and no warranty company would.
CRA should have put pressure on the dealer if it was in the first 6 months, since even that assumes the fault was present at the point of sale unless the dealer can prove otherwise.
100% agree, that just made things worse. So my point was yes the MD should be liable for "X" period after purchase. SO the warranty should start after that "X" period not run concurrently along side it. Essentially reducing the length of the warranty until expensive renewal is due. Ultimately MD and warranty company both just watching their pockets firstCRA should have put pressure on the dealer if it was in the first 6 months, since even that assumes the fault was present at the point of sale unless the dealer can prove otherwise.
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