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Discussion Starter #1
Received a quote from The Exotic Warrenty Co. in Florida for 2002 spyder. Seems reasonable, $3200. for three years. Does anyone have any experience with, or knowlege of this company?
 

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Check my prior posts..

I have posted several times about this company, and posted a copy of their Policy coverages.....seemed to get a lukewarm reception here, but without another alternative, I am going to purchase a 3 year term as well.

What kind of miliage do you have on your car? I was quoted $2495 for 3 years.....my car has 23,000 miles and is still under factory warranty until May 06
 

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Discussion Starter #4
The policy quote I got from Exotic Warranty Company was for the ultra exotic/premium policy with a $100.00 deductable. My car has 16,000 miles. Quote was for full policy: $2717/3 years/36,000 miles. Add optional wear & tear coverage (picks up some of the excluded items that have not yet failed, but are out of spec.) brings the total to $3206/3 years. Same policy with $200 deductable is $2280/3 years W/O the wear & tear (probably what you were quoted). I checked several companies and found this one to appear to be the best coverage vs price. One quoted nearly the same $$ but had a $3500 cap per claim! when I asked them to remove the cap it went to $6500/3 years!! The cap per claim with this company is the book value of the car at the time of the claim. I studied the exclusions and they nearly mirror the original factory warranty. Perhaps if more than a couple of us approached the company together a discount could be negotiated? If there is enough interest I am willing to talk to them.
 

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Cliff

I think getting a group buy would be a smart thing to do....

the deal is, about a year ago, I too got a quote from the Exotic Warranty Company, the research at the time told me they were very reputable.

I called them recently in late 05 and was told that due to licencing issues they do not sell direct to Californians but have brokers who they provided to me who do.......I got a quote from an authorized broker named Hal Moses out of New York and his quote was actually cheaper than the initial direct quote I got from Exotic Warranty.

Perhaps we should consider doing the group buy from him, since he is a Broker and I assume gets paid a commision which on a mulit-buy would be attractive to him.

I was not offered however, the upgraded "wear and tear" coverage. The policy I was quoted covered pretty much everything which prevents the car from operating mechanically except wear items such as brakes/clutches, body work/paint,trim.

Seeing that the long proposed and talked about Maserati Power warranty does not seem to be coming to fruition, this option makes sense to me. Besides, the Maserati warranty was being talked about @$2500 for only 1 year/12,000 miles. For the same cost, we are talking 3 years/36,000 miles.
 

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Discussion Starter #6
Demoe,
I'm ready to go. Since you have talked to this broker, are you willing to see what kind of deal he is willing to cut considering 2-4-6-8 buyers? The wear and tear option is not that big a deal if he can't offer it. What it included was somewhat nebulous anyway. It's the high $$ repairs that scare the heck out of me!!!
 

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Guys;

Hold up. There are many, many threads on fchat about aftermarket warranty companies. Insinuations of fraud, denied coverage, all kinds of funny stuff. I have not had any direct dealings, but I did purchase a policy on my Alfa from another outfit, and all they do is try to wiggle out of stuff, sub 3rd party components. I would only feel comfortable with a factory backed warranty. My dealer might have pricing soon on my 02 Coupe.
And in Florida?
 

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v12gte

I am completely aware that many of us are not interested in an after-market warranty and most of us view the factory sponsered one more appealing.

the reality is that after calling and calling for 3 months to get word from anyone within the company, there is nothing being offered, just talk of a possible program..

Yes, I understand we all have had issues with prior/other warranty companies...before we bash all of them, may I suggest we all do our homework and research on this particular company?

find some dirt on this one and I will jump ship just as fast as the next guy. but until then, the broad stoke of "xxx was terrible 5 years ago" therefore this place must be the same isn't productive....

Cliff....

If we could get a show of hands here, I would be more than happy to contact Hal Moses to see about a group buy.

Fwiw, I was told that if the car is still under factory warranty, the warranty company does not need to do a Pre-purchase inspection......

also, time frames are important, my factory warranty expires in May 06, so I am anxious, but not in a bind to get covered now....if any of you are approaching the danger zone, please give us time frames when your warranty is out.
 

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I have had my '02 Coupe Cambio for about 18 months. So far, so good, just minor issues. Today, I called a Ferrari/Maserati salesman who has been in the business for some time. I reside in Florida. He confirmed that Maserati is not offering an extended warranty program, nor was he able to recommend any third-party insurer in this state. His general experiences with third-party insurers were as expressed by some fellow members: that they fight everything, deny coverage, etc. He did note that other states protect the consumer more, and thus may make a third-party policy more attractive elsewhere. This is not to suggest there is not a reputable company here in Florida. He was simply unable to make the referral I was hoping to get.

Ultimately, this comes down to risk management. Most of our cars have low mileage. The warranties are expiring because of time, not excess mileage. Thus, the likihood of incurring a repair in the tens-of-thousands of dollars seems relatively rare during the typical extended warranty period, though certainly possible (perhaps the risk is greater for the Spyder). For those that are risk-adverse, it's time to sell the '02 in favor of a newer model. I've decided not to do that, as i feel I, "know," my car, warts and all. I would like to think, however naive it may seem, that if a failure unrelated to owner-error occurs which results in a high four or five figure repair bill, Maserati would step in and work with us, despite not having to. Certainly, their continued and expanding interests in the North American market would be well served by doing just that. Again, perhaps naive. Just my two cents.
 

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Frankie

I can only offer my only experience in this:

"I would like to think, however naive it may seem, that if a failure unrelated to owner-error occurs which results in a high four or five figure repair bill, Maserati would step in and work with us, despite not having to."

I too would hope, but the person who I bought my Spyder from had to shell out $40,000 for a new engine for his Ferrari 355 Spyder. He then kept the Ferrari for another year or two and then traded it in for the Maserati.

Maybe I am too pessimistic, plus add to the mix that the factory warranty was very generous to begin with, I am preparing myself to bear the costs of post warranty repairs on my own or with an aftermarket warranty
 

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Discussion Starter #12
I'm one of those "risk-adverse" people. However, I have no desire to rid myself of a perfectly good Maserati just because it is out of factory warrenty. I'm not a pessimist, just pragmatic.... it's a wonderfull thought that the factory would help with a non-operator related major repair but I'm not willing to bet on it. For my peace of mind I'll cough up the grand a year for the extended coverage. I have requested some names and phone numbers of current policy holders from the warrenty company in question in an effort to get some first hand imput re; quality of claim service, etc.. Will post when/if received.
To Demoe,
I'm still in!!!
Cliff
 

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find some dirt on this one???!
Here are the steps:
Go to another site, called ferrarichat.com
Click search, input "Exotic Warranty"
You will find very interesting information..

Here is one specific URL
http://ferrarichat.com/forum/showthread.php?t=57461&highlight=exotic+warranty

Sorry to cross post...

demoe said:
v12gte

I am completely aware that many of us are not interested in an after-market warranty and most of us view the factory sponsered one more appealing.

the reality is that after calling and calling for 3 months to get word from anyone within the company, there is nothing being offered, just talk of a possible program..

Yes, I understand we all have had issues with prior/other warranty companies...before we bash all of them, may I suggest we all do our homework and research on this particular company?

find some dirt on this one and I will jump ship just as fast as the next guy. but until then, the broad stoke of "xxx was terrible 5 years ago" therefore this place must be the same isn't productive....

Cliff....

If we could get a show of hands here, I would be more than happy to contact Hal Moses to see about a group buy.

Fwiw, I was told that if the car is still under factory warranty, the warranty company does not need to do a Pre-purchase inspection......

also, time frames are important, my factory warranty expires in May 06, so I am anxious, but not in a bind to get covered now....if any of you are approaching the danger zone, please give us time frames when your warranty is out.
 

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I've been lurking here for about a week looking to buy a used Coupe GT. I have had no experience buying Masers before and am a little leary about buying a used one that is ready to have its factory warranty expire. I have been talking with the people at F/M of San Francisco and they have told me that the factory will offer an extened warranty very soon. After reading some threads by others saying the factory will not offer it, I questioned them again and they said the factory will come out with one. At this point I'm really not sure what to believe but the people at F/M of San Francisco seemed to be legit? FWIW
 

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Factory will offer a warranty, at least according to Ferrari of Silicon Valley. I think the first 02 were not sold in January or February, so no cars are coming off warranty as we speak. Mine is an 02 coupe and the warranty expires in December. Once I know what the price is for the factory coverage I plan to make a decision on whether I want to keep the car (personal finances will play a role, too). It only has 9K miles and it has been OK, reliability-wise. I have owned it for 2 years. I bought in the low to mid 50s, so I am very happy with my 400 hp value so far.
On the secondary warranty topic...I am not trying to get in the way of a group discount, just flagging issues that other folks had with the same arrangement. The factory coverage might be a few bucks more, but you will not get third rate parts and the car will have to be made to work....

Curtis said:
I've been lurking here for about a week looking to buy a used Coupe GT. I have had no experience buying Masers before and am a little leary about buying a used one that is ready to have its factory warranty expire. I have been talking with the people at F/M of San Francisco and they have told me that the factory will offer an extened warranty very soon. After reading some threads by others saying the factory will not offer it, I questioned them again and they said the factory will come out with one. At this point I'm really not sure what to believe but the people at F/M of San Francisco seemed to be legit? FWIW
 

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Kevin @ FMSF still beleives thecompany's going to offer an extended warranty and that now the new year's here (and they're starting to have coupes and spyders hit the time period) they'll be hearing somthing soon.

My warranty runs til September, but I also have 44,000 miles so it's going to be a near thing on the 50,000 cap too.

Kevin's "put me on a list" of interested parties,and beleives Maserati would cut me a break should the need occur. I'll check in @ FMSF again next week.
 

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extended warrantee

I also talked with service manager at ferrari maserati san diego/lajolla
It is supposed to be a definite about the extended warrantee and it is supposed to be a good policy, possible grandfather clause. I am not out until april 2007 (2003 spyder blue cambiocorsa). But still looking.
Does anyone think Maserati would give us the subscribers here a discount if a warrantee is released and we promoted the sale.
 

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pcapo said:
...Does anyone think Maserati would give us the subscribers here a discount if a warrantee is released and we promoted the sale.
it's worth a try but i doubt those stubborn italian car makers would flinch. hehe
 

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I was with my dealer today discussing trading in my 4200 Coupe. It is three years old in June this year and I dont want to own one of these cars out of warranty! I've already had my gearbox changed and the part alnoe would have cost £6500!
I asked him about warranties. He said Maserati introduced an extended warranty program for the 4200 cars in the UK about 4 months back. I dont know if this has been rolled out worldwide. If anyone is interested, let me know on this thread and I get all the details from him and post them here.
 
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