Join Date: Nov 2010
Location: Winter Park, Florida
Ferrari Life Posts: 470
Cheng my friend
I agree that PPIs help us decide whether the car in question has deferred maintenance and problems that we would not find on our own or as our surrogate for a remote transaction. The process is screwed up because there is no logical place for the bargaining in some transactions.
To me it is simple- the price of any item factors in condition. In order for many but not all buyers to assess condition we need help in many arenas ( house, exotic car, art,etc). We use these assessment tools to evaluate our position and make an offer.
In this market, buyers are still in control of the transaction for most Ferraris. If they balk at the PPI, then walk. If not, then assure them you are buying the car provided there are no major issues. Major issues they fix at their cost or you walk.
Jeroen- I have to disagree that all PPis are worth it as a blanket statement but in your case they likely were.
Cheng- I had two PPIs and I have to say they disclosed issues but my walking said more about me then the cars. Both were in retrospect ok and appropriate for the price and age of the cars. I should have bought the 456 in walked on. Nice cars, usual issues, maintained and a great price.
Last question if you are still reading- how long does a PPI confer assurance and protection- not one minute really. Perhaps you may consider a warranty? I am sure they could sell you one. I and many others deferred although the power/power cube warranty is a different item.
CNC is a sponsor here, no? Call them and see what they know.
I have regretted often, but repented never. Is this a good thing? -Enzo Ferrari
2012 California Argento Nurburgring /Nero 2005 F430 Nero 6spd. 2009 Maserati GT-S F1