CostGuard and other Extended Warranties
04-29-2005, 08:01 PM
#1
1st Gear
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CostGuard and other Extended Warranties
Anyone here hear of CostGuard. Anyone buy it or have an experience to
share? My dealer is offering me a $2900 policy that extends the
warranty to 7 years/100000 Miles. It is a comprehensive policy and
covers even castostrophic failure. I pick up the vehicle in 7-10 days
and this warranty is sold at time of initial sale. There are other
products that are sold at other times.
Has anyone heard of or taken out CostGuard from a dealer?
Check out the link below for info.
I would love to hear comments.
I know that most extended warranties on purchases like electronics and
the like are worthless but for a vehicle like this I figure its worth
it. Comments? Disagreements.
Details:
CostGuard offered by Lyndon Property Insurance Company (Protective
Subsiduary)
Lyndon is Rated A+ by AM Best (4th highest out of 15). My perspective
is that on a vehicle I intend to keep it is money well spent. The
dealer flat out told me that Porsches have high in shop costs (which is
obvious) with an average of $1800. All I need is one engine issue out
of warranty and I am stuck with a monster bill, forget it if the engine
implodes like some report).
share? My dealer is offering me a $2900 policy that extends the
warranty to 7 years/100000 Miles. It is a comprehensive policy and
covers even castostrophic failure. I pick up the vehicle in 7-10 days
and this warranty is sold at time of initial sale. There are other
products that are sold at other times.
Has anyone heard of or taken out CostGuard from a dealer?
Check out the link below for info.
I would love to hear comments.
I know that most extended warranties on purchases like electronics and
the like are worthless but for a vehicle like this I figure its worth
it. Comments? Disagreements.
Details:
CostGuard offered by Lyndon Property Insurance Company (Protective
Subsiduary)
Lyndon is Rated A+ by AM Best (4th highest out of 15). My perspective
is that on a vehicle I intend to keep it is money well spent. The
dealer flat out told me that Porsches have high in shop costs (which is
obvious) with an average of $1800. All I need is one engine issue out
of warranty and I am stuck with a monster bill, forget it if the engine
implodes like some report).
04-30-2005, 05:28 PM
#2
I say go for it. ...skip options like Sport Chrono, heated seats and plastic windbreaker and that should help pay for it...it will add value to a future resell as well as protect against the inevitable engine failure.
