How Much Does an Accident Devalue a Car?
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On January 9, 2018 Ferrari North America, Inc. (Ferrari) recalled 1,073 model year 2013 California, 458 Italia, 458 Spider, FF, and F12 Berlinetta vehicles sold, or ever registered in the states of Alabama, California, Florida, Georgia, Hawaii, Louisiana, Mississippi, South Carolina, Texas, Puerto Rico, American Samoa, Guam, the Northern Mariana Islands (Saipan), and the U.S. Virgin Islands. On May 18, 2018, Ferrari expanded the recall to include an additional 826 model year 2013 California, 458 Italia, 458 Spider, FF, and F12 Berlinetta vehicles located throughout the rest of the United States. These vehicles are equipped with certain air bag inflators assembled as part of the passenger frontal air bag modules used as original equipment or replacement equipment. In the event of a crash necessitating deployment of the passenger frontal air bag, these inflators may explode due to propellant degradation occurring after long-term exposure to absolute humidity and temperature cycling.
Ferrari North America, Inc. (Ferrari) is recalling certain 2005-2009 430, 2019-2020 488 Pista, 2016 F60 America, 2005-2011 612 Scaglietti, 2010-2011 612, 2018-2022 812, 2020-2022 F8 Spider, 2020-2022 F8 Tributo, 2021-2022 Roma, 2009-2017 California, 2015-2017 California T, 2013-2017 F12 Berlinetta, 2017 F12 TDF, 2012-2016 FF, 2017-2020 GTC4 Lusso, 2018-2020 GTC4 Lusso T, 2013-2015 LaFerrari, 2017 LaFerrari Aperta, and 2019-2022 Portofino vehicles. The brake fluid reservoir cap may not vent properly, creating a vacuum inside the brake fluid reservoir, and resulting in a brake fluid leak that may lead to a partial or total loss of brake function.
Title | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total for 5 years |
---|---|---|---|---|---|---|
Depreciation |
Year 1 $5,462 |
Year 2 $5,041 |
Year 3 $4,621 |
Year 4 $4,201 |
Year 5 $3,781 |
Total for 5 years: $23,106 |
Insurance |
Year 1 $2,091 |
Year 2 $2,164 |
Year 3 $2,240 |
Year 4 $2,318 |
Year 5 $2,399 |
Total for 5 years: $11,212 |
Fuel |
Year 1 $2,438 |
Year 2 $2,511 |
Year 3 $2,598 |
Year 4 $2,702 |
Year 5 $2,824 |
Total for 5 years: $13,073 |
Maintenance |
Year 1 $2,763 |
Year 2 $2,912 |
Year 3 $2,020 |
Year 4 $3,085 |
Year 5 $2,291 |
Total for 5 years: $13,071 |
Repair |
Year 1 $1,655 |
Year 2 $1,290 |
Year 3 $1,473 |
Year 4 $1,590 |
Year 5 $1,816 |
Total for 5 years: $7,824 |
Taxes & Fees |
Year 1 $6,373 |
Year 2 $725 |
Year 3 $925 |
Year 4 $593 |
Year 5 $823 |
Total for 5 years: $9,439 |
Total for 5 years: $77,727
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