I asked a couple of dealerships in Chicago and L.A. if exotic car extended warranties were worth the expense and I got some interesting thoughts.
At Ferrari and Lamborghini dealerships around the country, the similar theme was this: in the “olden days”, a mechanic would find a way to fix a defective part, given their years of experience on how to make things work.
Today, parts aren’t fixed as much as replaced and that’s just the nature of modern automobiles, exotic or not. You don’t “fix” a broken iPad, or DVR, you replace it.
Drive trains these days are practically bullet proof, but as several folks mentioned to me, they would not want to own an Italia or an Aventador out of warranty and that speaks to the cost of electronics, not to how well modern exotics are built.
If your idea of risk is checking into a hotel without a reservation, get the extended warranty and cost be damned.
But if you are still on the fence, I’ve come up with a simple formula designed to help with your decision.
- A = weight of your car in kilograms
- B = number of times you’ve been stopped for no front license plate (past 12 months)
- R =the balance in your children’s college fund (expressed in Swiss Francs)
Writing it on your arm makes it easier to refer to when you are talking with your service tech.
See you on down the road,