Extended Warranty or not opinions
#1
Rennlist Member
Thread Starter
Extended Warranty or not opinions
I am nearing the end of my OEM warranty. And I'm debating with getting an extended warranty from Fidelity. My car has been flawless and I'm going to keep it for at least another 3-5 years.
I have never purchased an extended warranty before. I usually just self finance and repairs. The biggest worry is PDK but again no issues and very little noise on PDK issues with the TTS. My car has 30k mileage now so I'm looking at $5-6k for 3-5 extra years of coverage.
Any thoughts ?
I have never purchased an extended warranty before. I usually just self finance and repairs. The biggest worry is PDK but again no issues and very little noise on PDK issues with the TTS. My car has 30k mileage now so I'm looking at $5-6k for 3-5 extra years of coverage.
Any thoughts ?
#3
I have only purchased an extended warranty once and it was on a boat due to new drive train technology. I recovered half the cost of the warranty. The PDK is a proven unit. I would roll the dice. Fidelity makes money selling those warranties. Odds are you will make money by not buying one.
#5
RL Community Team
Rennlist Member
Rennlist Member
I am nearing the end of my OEM warranty. And I'm debating with getting an extended warranty from Fidelity. My car has been flawless and I'm going to keep it for at least another 3-5 years.
I have never purchased an extended warranty before. I usually just self finance and repairs. The biggest worry is PDK but again no issues and very little noise on PDK issues with the TTS. My car has 30k mileage now so I'm looking at $5-6k for 3-5 extra years of coverage.
Any thoughts ?
I have never purchased an extended warranty before. I usually just self finance and repairs. The biggest worry is PDK but again no issues and very little noise on PDK issues with the TTS. My car has 30k mileage now so I'm looking at $5-6k for 3-5 extra years of coverage.
Any thoughts ?
I bought the aftermarket warranty for my BMW for a little over $5k CDN because of some of the horror stories associated with their DCT, I thought the Porsche version was superior.
Cheers,
#6
Instructor
I'm in the same boat but with 40k miles--let me know what you end up deciding. My main concern is how difficult it is to get warranty claims covered by a third party such as Fidelity who has every incentive to deny the claims (as compared to Porsche who has every incentive to keep you around as a repeat customer).
I'm also checking the 997 turbo forums to see what high mileage maintenance issues those guys are running into--aren't the engines in the 997.2 TTS' similar to the 991?
I'm also checking the 997 turbo forums to see what high mileage maintenance issues those guys are running into--aren't the engines in the 997.2 TTS' similar to the 991?
#7
Rennlist Member
I'm in the same boat but with 40k miles--let me know what you end up deciding. My main concern is how difficult it is to get warranty claims covered by a third party such as Fidelity who has every incentive to deny the claims (as compared to Porsche who has every incentive to keep you around as a repeat customer).
I'm also checking the 997 turbo forums to see what high mileage maintenance issues those guys are running into--aren't the engines in the 997.2 TTS' similar to the 991?
I'm also checking the 997 turbo forums to see what high mileage maintenance issues those guys are running into--aren't the engines in the 997.2 TTS' similar to the 991?
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#9
Rennlist Member
Thread Starter
Still debating it with myself. Car is strong and it's my 5th TT car and they have all been solid past the warranty date.
Has anyone had any serious problems past the warranty date and into the higher mileage?
Has anyone had any serious problems past the warranty date and into the higher mileage?
#10
RL Community Team
Rennlist Member
Rennlist Member
I'd asked you about perceived problems with the PDK, that may sway me...
#11
Rennlist Member
Thread Starter
I have really not seen much of anything on PDK failures on TT or TTS cars. I hate to be paranoid about the cars I own. So far this car and my previous versions have been easy to live with.
#12
RL Community Team
Rennlist Member
Rennlist Member
You had me worried for a moment that the PDK was going to grenade itself ... similar to the level of fear that BMW has instilled in me.
#13
The PDK can be repaired. Porsche just chooses not to. The idea that you throw a fault code on the PDK and the only alternative is replacement is ridiculous. The failed warranty units are being replaced with refurbs from ZF. There was a great DIY article recently here about the most common PDF failures and they were almost all minor issues. There is a shop in CA that repairs PDKs. Maybe the reason there are not more shops doing this work is the low failure rate. Anyway, I would not buy a $6k warranty to protect against a very unlikely PDK failure.
Aftermarket warranties are not warranties. They are insurance policies. There is no reason to buy insurance for an event you can afford to pay for. Insurance was invented to protect against the unlikely event you experience a catastrophic loss like one of your ships sinks or your house burns.
Pay $6000 for a one in 5000 chance a PDK or similar failure will occur is foolish. If this was a good bet Fidelity would be out of business years ago.
Aftermarket warranties are not warranties. They are insurance policies. There is no reason to buy insurance for an event you can afford to pay for. Insurance was invented to protect against the unlikely event you experience a catastrophic loss like one of your ships sinks or your house burns.
Pay $6000 for a one in 5000 chance a PDK or similar failure will occur is foolish. If this was a good bet Fidelity would be out of business years ago.
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Hothonda (01-07-2020)
#14
RL Community Team
Rennlist Member
Rennlist Member
That's an interesting way to look at it. So none of these after market warranties are sanctioned by PCNA? Is this the reason PCNA doesn't offer its own version?