It covers major components and is transferrable to new owners.
Ferrari is really working hard to dispel the finicky and expensive reputation that supercars have when it comes to maintenance. Its latest effort stems from something the manufacturer calls the New Power 15 extended warranty program. In short, Ferrari will cover main mechanical components for up to 15 years, including the engine, gearbox, suspension, power transfer unit, and steering. Perhaps of greater significance is that the coverage is transferrable should the original owner sell the car, and it’s also available on pre-owned Ferraris that pass “specific technical checks.” For the record, that’s pretty much the best warranty coverage you’ll find from any manufacturer around the world.
This is in addition to Ferrari’s existing four-year bumper-to-bumper warranty for new cars and a seven-year maintenance-free program. Customers can also buy an additional year of full coverage, with the extended New Power warranty available starting with year six. Customers can pony up cash to extend the warranty one year at a time, or opt for the whole enchilada.
Generally speaking, if you can afford to spend over $100,000 for a car, you can probably afford a bit of maintenance here and there. The thing is, maintenance takes on a completely different meaning when it comes to Italian exotics. It’s not uncommon for some regularly scheduled Ferrari maintenance visits to cost as much as many of us would pay for a decent used car, or even a new compact ride. Offering this kind of factory coverage for new and used vehicles – even though buyers still have to pay for it – could well sway people who might be able to afford the initial purchase price but are nervous about chucking out another $100,000 should an engine or gearbox go belly up.
Considering most Ferrari customers don’t rack up the mileage on their vehicles, offering such lengthy coverage will likely have more of a marketing impact for the company than anything else. For the rest of us mere mortals, there's always the awesome Ferrari scale models at Amalgam that look great and are maintenance-free for life.
Ferrari 70th Anniversary At Goodwood
NEW EXTENDED WARRANTY PROGRAMME OFFERING COVER FOR UP TO 15 YEARS
Maranello, 25 July 2017 – Ferrari introduces the New Power15 extended warranty programme which provides cover for Prancing Horse cars for up to 15 years from the date they are first registered.
Once again, Ferrari is leading the market in its provision of after-sales services to its clients. In 2014, in fact, Ferrari became the first marque in the world to offer clients the possibility of extending warranty cover for up to 12 years. Now it has extended that programme still further to offer owners an even better package that will protect the value and functional integrity of their Prancing Horse cars over an even longer period.
For maximum peace of mind, every new Ferrari comes with the standard factory four-year warranty (in the UK) along with a seven-year free maintenance programme. The full factory warranty can be extended for a further one year and, from the vehicle’s 6th to 12th year, owners can stipulate the New Power warranty which provides cover on all major components.
New Power15 extends even further Ferrari’s class-leading programme with the possibility of covering the vehicle’s main mechanical components, including the engine, gearbox, PTU, suspension and steering, from year 12 right up to year 15. The coverage for the new extension lasts for 12 months and can be renewed annually for three years.
This warranty extension option is available both for new and pre-owned Ferraris. Subject to the car passing specific technical checks, the New Power15 extended warranty can also be provided for cars on which the Ferrari extended warranty cover has not been taken up, or on cars with gaps in the cover. The New Power15 is also transferable to subsequent owners. This makes the New Power15 Extended Warranty the most flexible and comprehensive package of its kind and sets a new benchmark in the automotive world.