whiteflashe90

Anyone get the Porsche prepaid maintenance for their GT4/Spyder?

I’m preparing for delivery soon and am starting to think about various insurance/prepaid plans.
For me, wheel and tire is a no brainer.

I got a quote from the dealer for:
2 years prepaid/20K miles $1445

The car comes with the first service before 10k miles.
So if I got this package what does it mean? I’d have three covered from 0 to 20k?
Would you typically do three in that time period?
Does this coverage make sense?

Appreciate thought from folks that have looked into this. Thanks!

LexVan

Don't buying anything from the finance guy.

Smile.
Shake head.
Say 'no thank you'.
Repeat.

Frank Torres

I’d love to hear your reasoning. I’m picking up my GT4 in a few months and I know I’ll be facing this decision as well.

Regul8415

Right.. this is where they recoup some of their $$ of they offer you any discounts on the car. All these packages are outrageously marked up.

Frank Torres

So standard warranty is good enough and pay for maintenance as you go?

LexVan

Why prepay for something? Keep the money in your pocket. Pay as you go. Lots of stuff is DIY.

For all the other insurance stuff, just self insure.

dmk2

DIY or indy maintenance on these cars is peanuts compared dealer prices. That is why.

Do it yourself. Get to know and appreciate your car that much more.

mjw930

DIY for stuff like brake flushes, filter replacements and plug replacement, all required under the 2/20, 4/40, 6/60 month/mile service intervals may be beyond what many buying these cars are willing or capable of doing.

That said, price out these services at the dealer, at an Indy shop and DIY. The prices will drop left to right.

If you desire dealer service budget ~$500 years 1/3/5 and ~$1500 years 2/4/6. Year 1 service is covered under the new car purchase package, all others are on your dime and required to maintain warranty. It is not required that the dealer do the service but it must be done and there must be evidence of the work in receipts, etc.

European cars are hands down the most expensive to maintain, it’s been that way for 40 years. Nothing new here.

All that being said, if the dealer is where you plan on getting the service done ask for their standard rates for the major services (minor service is oil change) and do the math. Some dealers actually discount the service if you buy a plan and prepay, most look at these “service plans” as a profit center with nose bleed markups.

TXshaggy

I did some careful research on all of the finance offerings looking for any value and found none.

The prepaid maintenance was not discounted, you only lock in “todays” hourly rates. In addition, how they come up with the + 1, 2, 3, and 4 packages is beyond me. I’m a dealer OEM service guy and have a couple of years of experience with dealer service and this dealer and it just didn’t add up.

I think you’re quoting the +1 as first year is covered. So we’re talking oil change and brake flush. This is typically around $500 at the dealer. Even if you throw in the cabin filter and do 2 hours worth of inspections it doesn’t add up.

Look at your required maintenance and try to get to $1500 at year 2.

All of these programs are designed to be rolled into financing so for extra 20 bucks (or whatever) per month you have piece of mind and no worries.

Was surprised that the program, 3rd party, they really pushed was tire/wheel.

Anyway I declined all. Approach these to find value...usually very little; it’s insurance after all.

ExMB

Yup, its a profit center and only really makes a little bit of sense under a lease scenario.

They tried to sell it when I bought my MOM her Macan; approx $4k for 4 years. I asked them why Audi can offer it for $1k for 4 years since afterall maintenance is very similar. Poor finance guy ...NOT.

Haros

I declined it. Your also pay for services you may potentially not need. If there was a discount, of course you should go for it.

What you are actually doing is giving full price money for a service not yet received.
most importantly, now you are forced to go to that dealer. What if you want to service it elsewhere?

TXshaggy

The service you receive is exactly what is called for in your Service Manual...so not sure what you mean by not needed.

It’s a Porsche program so good at any dealer.

Finally you can’t cancel, so if you get out of your car before service contact ends new buyer gets free service!

Makers

If it helps, here's what I've seen on the subject of prepaid maintenance from Porsche....

Published MSRP for the Porsche Scheduled Maintenance Plan (PSMP) for a GT4/Spyder is as follows:
+1 $1295
+2 $2415
+3 $4545
+4 $5370
Note that the first year maintenance is included so +1 covers the 2nd annual/20K service, +2 covers the 2nd and 3rd annual/milage services, and so on.
Note also that PSMPs are not insurance policies or extended warranties. They are meant to cover scheduled maintenance, not repairs that aren't otherwise covered under warranty or aren't covered after the new car warranty expires. The new car warranty doesn't cover scheduled maintenance other than the first year/10K service.

halfmonkey

Most of these pre-paid insurances are banking on you buying the pre-paid plan and then never using it. Quite frankly, $1445 for 2 years/20k miles seems very expensive since most people will hit the 2 year time limit and not anywhere near the 20k miles. Also, I believe the GT4/Spyder first service is free so it's not that this plan is adding an additional 2 years to your already first service. It's 2 years from when you buy the car so it's only really adding an additional year..

If there is anything that I will consider is the extended warranty. I know most people don't buy warranties but i've never owned a Porsche and I've owned a few BMW's and although different brand and all, they're both german and german cars charge a lot for repairs.

TXshaggy

The Porsche service is by miles or time, you get the same 2/20 at 2 years even if you’re well under 20k miles.

Up to you to defer what you don’t want, but the SM is the same.