Ferrari Introduces New Warranty Extension Schemes

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Ferrari has launched two new warranty extension plans targeted at preserving the value and performance of its hybrid vehicles.
Ferrari has launched two new warranty extension plans targeted at preserving the value and performance of its hybrid vehicles.

Luxury sports car maker Ferrari announced two new warranty extension schemes on Monday to preserve its hybrid models’ value and performance. The schemes focus on replacing high-voltage battery packs (HVB) at specific intervals to maintain efficiency and enhance resale value.

Details of Warranty Extension Programs:

Ferrari will replace the HVBs of covered vehicles in their eighth and 16th year of life as part of the new Warranty Extension Hybrid and Power Hybrid programs. This initiative complements Ferrari’s five-year warranty on hybrid powertrain parts and aims to ensure consistent performance over time.

Future-proofing with Advanced Battery Technology:

Ferrari assures that any replacement HVBs will feature state-of-the-art technology, matching or exceeding the original performance levels. This commitment is crucial as battery technology continues to evolve.

The programs, transferable to subsequent owners, also include extended factory warranties on the entire vehicle and major powertrain components.

They are available in renewable packages spanning two to four years, with an estimated cost of around 7,000 euros ($7,530) per year. These schemes will apply to Ferrari’s upcoming all-electric model, which is scheduled for release next year.

Ferrari Hybrid and Electric Vehicle Strategy:

Ferrari, renowned for its iconic petrol engines, has offered hybrid-electric models since 2019, such as the SF90 Stradale, 296 GTB, and 296 GTS. The company plans to introduce its first fully electric vehicle by the end of 2025, marking a significant shift towards electric mobility.

James Adam

James Adam, a noted business writer for CEO Times Magazine, specializes in insightful industry analysis and executive profiles. Known for his clear, concise style, James offers readers an expert perspective on global business trends and market dynamics.

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