Introduction:
Luxury sports car maker Ferrari has announced new warranty extension schemes that allow owners of its hybrid models to have their batteries replaced at specific times. This move is aimed at helping owners maintain the resale value of their Ferraris as batteries are key components of electrified cars that can lose efficiency over time. Ferrari’s new Warranty Extension Hybrid and Power Hybrid programs will replace the high-voltage battery packs of the cars covered in their eighth and 16th year of life. The programs also include forms of extended factory warranty on the entire cars and their major powertrain components. This article will explore the details of Ferrari’s new warranty extension schemes and their impact on the luxury sports car market.
Subtitles:
1. Ferrari’s New Warranty Extension Schemes
2. Importance of Battery Replacement for Hybrid Vehicles
3. Benefits of the Warranty Extension Programs
4. Cost and Coverage of Ferrari’s Extended Warranty Plans
5. Ferrari’s Transition to Electric Vehicles
Ferrari has introduced two new warranty extension schemes, called Warranty Extension Hybrid and Power Hybrid programs, for owners of its hybrid models. These programs aim to help owners maintain the performance and excellence of their hybrid Ferraris over time by offering battery replacements at specific intervals. The company already provides a five-year warranty on hybrid powertrain parts, and these new programs take the warranty coverage a step further.
The batteries in electrified cars, such as hybrid vehicles, are crucial components that can lose efficiency over time. As batteries deteriorate, they can have a significant impact on the overall performance and value of the vehicle. By offering battery replacements in the eighth and 16th year of the vehicle’s life, Ferrari is ensuring that owners can continue to enjoy the full performance capabilities of their hybrid models. This proactive approach to battery maintenance is essential for preserving the resale value of these high-end vehicles.
The Warranty Extension Hybrid and Power Hybrid programs not only cover battery replacements but also offer extended factory warranty on the entire cars and their major powertrain components. This comprehensive coverage provides peace of mind for owners, knowing that their Ferrari hybrid models are protected against potential issues that may arise over time. Additionally, the programs are transferable to any subsequent owner, further enhancing the value of these luxury sports cars.
The cost of Ferrari’s extended warranty plans is around 7,000 euros ($7,530) per year, according to a source close to the matter. The plans can be purchased in packages that are renewable for two to four years, allowing owners to customize the coverage based on their needs. In addition to battery replacements, the extended warranty plans also include coverage for major powertrain components, ensuring that owners can enjoy their Ferrari hybrid models with confidence.
While Ferrari is known for its roaring petrol engines, the company has been making strides in the electrified car market since 2019. Models like the SF90 Stradale and the 296 GTB and 296 GTS are examples of Ferrari’s foray into hybrid-electric vehicles. With plans to release its first fully electric vehicle by the end of 2025, Ferrari is embracing the shift towards electric mobility while maintaining its commitment to performance and excellence. The new warranty extension schemes for hybrid models are a testament to Ferrari’s dedication to ensuring the longevity and value of its vehicles in a rapidly evolving automotive landscape.
In conclusion, Ferrari’s new warranty extension schemes for hybrid models demonstrate the company’s emphasis on customer satisfaction and long-term value. By offering battery replacements and extended warranty coverage, Ferrari is providing owners with the peace of mind they need to fully enjoy their high-performance vehicles. As the automotive industry continues to evolve towards electrification, Ferrari is positioning itself as a leading luxury sports car manufacturer that is ready to embrace the future of mobility.