Thursday 1 September 2011

Be careful who you leave your Ferrari with

When you hand over your car to the mechanic, you’re taking a possible risk. You give your car to a potential stranger and hope they have actually done what they say they have. Of course, most mechanics nowadays are highly qualified and trustworthy, but you never know when one might decide to take your car for a spin, which may have drastic consequences, such as potentially writing the car off!

This is exactly what happened to one particular owner’s vehicle, with his car being none other than a £300,000 Ferrari F40!

The owner of this vehicle had initially bought the car brand new 20 years ago for this price. There have been reports of these cars now going for as much as £1 million in good condition!

It has been reported that the owner of this vehicle was in Europe on business at the time and it was the mechanic responsible for the car during this time that was driving the car.

Eye-witnesses reported that the car was going between 70-90mph in a 35mph zone when he lost control of the vehicle as it veered into the curb and hit the fence. It’s unclear whether the crash was down to a driver error or a mechanical failure in the car. What is known however is that the mechanic should not have been driving the car at the time, let alone at such excessive speeds!

This is not the first story that has come out in recent years in regards to the bad luck Ferrari owners seem to have. For example, in 2010, another hapless mechanic lost control and destroyed a Ferrari worth £200,000 after taking it for a drive as part of its MoT. It’s safe to say that the owner was not happy to hear about this ‘quick’ road test!

Another example happened more recently in Croatia, when a van had lost control of its brakes, slamming into a parked Ferrari spider worth £120,000 and pushing the front end of the car into the sea.

Luckily with all of these incidents, no one was majorly hurt or injured, apart from the owners’ feelings, as well as their cars!

What’s particularly sad about the Ferrari F40 however is the fact that the owner had previously bought it 20 years ago, brand new. For many Ferrari enthusiasts, this model is believed to be one of Ferrari’s greatest cars ever built and is one of the last cars to be made before the company founder, Enzo Ferrari stepped down as founder and managing director of the company. It would therefore be a shame to see it written off, which is looking likely from the damage to the frame.

This should be a warning to all Ferrari owners. When taking your pride and joy for a ‘routine check-up’, make sure you can trust who you’re leaving it with. It might also be a good idea to ensure you’re covered with Guaranteed Asset Protection (GAP) Insurance.

If your car is stolen or written off then GAP Insurance will pay out the difference between the price you paid for your vehicle and the value that your insurer will pay out after depreciation.

Premiums start from just £115 for 3 years cover and GAP Insurance will cover any car up to the value of £150,000. It might be too late for the Ferrari F40 owner but not for you to protect your own investment!

Visit eInsurance Group for all your insurance needs

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