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I'm narrowing down purchase on a 2007 Cayman with 45K miles. I'm getting a PPI done on it this week to see what issue it might have. Any suggestions on Porsche extended warranty or 3rd party warranty plans? Looking to keep the car for around 5 years, and putting around 15K miles/year.
I am not aware that Porsche offers an extended warranty. My dealer has told me they don't.
Sort of... Porsche offers a CPO but only on those cars you're buying from a dealer. You can't buy a used Porsche and then purchase an extended warranty from Porsche.
Fidelity and USAA offer very good alternatives to OEM.
Yes by a third party not Porsche. Yes on the CPO program. But if you bought new and the Porsche warrant will expire soon my understanding PNA does not offer a warrant program via PNA.
I purchased a very low mileage (10k) Boxster at CarMax. Best value I could find and all the options I thought I wanted at the time. I spent a lot of time looking at private party ads. MaxCare warranty was 6 more years (it is an 2005) and 100k additional miles. No obvious carve outs with a $100 deductible or $50 if CarMax does the work. Only issue so far was a seeping waterpump at my 30k service. My local Porsche mechanic sent a picture and they authorized OEM parts and labor on the spot.
Total cost for MaxCare was just over $1600. Waterpump is around $1200-$1400 I'm told. Already paid for itself. Got it because of the IMS concerns.
Lots of negative stuff on the internet about the aftermarket warranty companies, but so far, I'm impressed! I would absolutely buy a used car again from CarMax.
Oh, and Credit Union warranty was $3600 and less miles/years.
I purchased a very low mileage (10k) Boxster at CarMax. Best value I could find and all the options I thought I wanted at the time. I spent a lot of time looking at private party ads. MaxCare warranty was 6 more years (it is an 2005) and 100k additional miles. No obvious carve outs with a $100 deductible or $50 if CarMax does the work. Only issue so far was a seeping waterpump at my 30k service. My local Porsche mechanic sent a picture and they authorized OEM parts and labor on the spot.
Total cost for MaxCare was just over $1600. Waterpump is around $1200-$1400 I'm told. Already paid for itself. Got it because of the IMS concerns.
Lots of negative stuff on the internet about the aftermarket warranty companies, but so far, I'm impressed! I would absolutely buy a used car again from CarMax.
Oh, and Credit Union warranty was $3600 and less miles/years.
I have MaxCare on my 2008 BMW M3 sedan and can't say enough good things. Unfortunately, they only sell MaxCare on cars sold by CarMax.
I have Fidelity on my wife's Audi wagon. While we haven't had to use it (fingers crossed), my research (including with my dealer and local Audi mechanic) led me to believe that's a very good OEM alternative for Audi. I've heard the same for Porsche.
If you're active duty or a vet, then USAA also has a good program. Unfortunately, their program isn't as wide as Fidelity (some high performance, supercharged, or turbo charged cars, for example, are specifically excluded).
Thanks for your comments. After checking out several Cayman and Cayman S', I decided to go with a 2007 Cayman S with CPO (2yr / 50K) warranty from a Porsche dealer. Taking delivery this weekend and can't be more excited! (pic attached)
The only thing it doesn't have is bi-xenons, so thinking of upgrading aftermarket. So far this is a kit that has been recommended by folks at this forum and planet9.
I would go with a third party company like National Repair Solutions. They specialize in luxury/ sporty vehicles. They covered my Porsche and BMW. The biggest thing to look out for with third party companies is if they are fully re-insured. This will make sure that it's not a risk retention group. Which means they are a privately owned company that hold your funds. So if they offer you a rate and that rate is wrong and they have to pay out more in claims then they make well your out of your money and VSC. So always make sure that there is an real insurance company backing the policy. If they are you are good to go! Hope that helps!
03-16-2015, 10:44 PM
Extended warranty (3rd party or Porsche)
