ISUK:
It covers the labour and parts required for all routine service work Nick including all fluids and lubricants. Wear and tear items like tyres are not covered. It still amounts to a substantial cost saving for an owner and will give used buyers real peace of mind as it transfers with any change in ownership.
So the question still unanswered in most people's minds is, what happens in the event of a failure which could not normally be put down to "wear and tear"?
For example, a transmission fails after 5 years / 30,000 miles, and the failure cannot be demonstrated to be due abuse on the part of the driver. That would not be what would be thought of as normal wear and tear where most cars and most owners are concerned.
Would Ferrari automatically pick up the tab under the maintenance package, or would the owner be left to carry the burden in the absence of an extended warranty?
PS: OK, I've just read the Ferrari release which was linked to above, including the statement:
"The advantage to the owner is the assurance that the vehicle will be subject to regular annual inspection by Ferrari trained personnel using factory-approved dedicated diagnostic equipment."
So all it really means is that the minimum maintenance costs of the car for the first 7 years (labour, oils and filters) are effectively included in the up-front purchase price. All other costs not covered by the current warranty will still be charged to the owner, so this new arrangement does nothing to eliminate the potential financial risk of major premature failures for the owner.
Since it was always up to the owner to take his car to a dealer to have service work carried out anyway, the talk of "assurance that the vehicle will be subject to regular annual inspection by Ferrari trained personnel ...., etc" is effectively just meaningless marketing-babble.
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fritz