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Fidelity warranty from day one?

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Old 12-14-2018 | 03:36 PM
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Default Fidelity warranty from day one?

Just informed that my new C2S is sitting in the showroom in VA beach. We are going there tomorrow. My SA advises to go with an extended Fidelity warranty right now. Intentions ARE to keep long term.

Thoughts?

What about tire and wheel protection?

I’m looking for some recent pricing discussion.

FYI the car was built around Halloween and arrived in RI on the ’Swan Ace’ in early December.
Old 12-14-2018 | 03:42 PM
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Tried to attach photos from iPhone. No worky.
Old 12-14-2018 | 04:30 PM
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Sounds like your SA is trying to make a few extra bucks before Christmas. Maybe he gets a kickback from Fidelity or something.

Can't imagine why you'd want to get a third party warranty on a car that will be covered by Porsche for 4yrs/50K miles.
Old 12-14-2018 | 04:37 PM
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It’s our full intention to keep the car for a decade or more. The warranty he is offering is the same extended warranty that many on this site purchase before the factory warranty runs out. I had just planned on purchasing one in four years but he is telling me it’s cheaper now than it ever will be in the future.

The thought of a PDK failure or engine failure in 5 years is soul-crushing.
Old 12-14-2018 | 04:51 PM
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Originally Posted by davashcow
It’s our full intention to keep the car for a decade or more. The warranty he is offering is the same extended warranty that many on this site purchase before the factory warranty runs out. I had just planned on purchasing one in four years but he is telling me it’s cheaper now than it ever will be in the future.

The thought of a PDK failure or engine failure in 5 years is soul-crushing.
No way would I buy a third party (Fidelity?) warranty when the car is brand new. The SA is just looking to cook up some extra cash before the holidays.

I hope you love the car and keep it for a trouble-free ten years or more. But don't get the third party warranty until your factory warranty is getting close to expiration. Waaaaaaaay too much can happen in the next 4yrs/50K miles.
Old 12-14-2018 | 04:56 PM
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I would never, never, never buy a third party warranty on a brand new car with full factory warranty. What if you drive it 3 years and decide it isn't what you had hoped and want top trade up or out. Do not waste or tie up your money now doing that. He is selling you something you really do not need at this time.
BUT, it's your money, do what you want.
Old 12-14-2018 | 05:19 PM
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No need. You have great coverage off the bat. Would you have concurrent homeowner policies?

Have fun!
Old 12-14-2018 | 05:38 PM
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@davashcow, you realize that the e.g. fidelity warranty starts the day you buy it, not after the much more comprehensive factory warranty expires. A 6 year after market warranty then gives you two years over the factory one.
Old 12-14-2018 | 05:42 PM
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Lots of plans change in 5 years. Put the money you would have spent in an investment of your choice and make your decision in 5 years. There is no doubt that your SA and the dealership gets a big commission. Data I have seen in the past said the profit can be 70%.
Old 12-14-2018 | 06:37 PM
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Thanks all. I assumed the Fidelity warranty would start when the factory warranty expired.

Glad I asked the question.

Old 12-14-2018 | 06:54 PM
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I would pass. And I plan on keeping my car for a decade. No extended warranty for me. I will self-insure and take the risk.

YMMV
Old 12-14-2018 | 06:55 PM
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Last edited by davashcow; 12-15-2018 at 09:46 AM.
Old 12-14-2018 | 07:27 PM
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How many of those have you seen.? Even if it is a concern insure it when your original warranty is ending.
Old 12-14-2018 | 07:46 PM
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Originally Posted by davashcow
Thanks all. I assumed the Fidelity warranty would start when the factory warranty expired.

Glad I asked the question.

It does. The discount is based on the free use of your money for four years plus the likelihood you will get out of the car before the warranty goes into effect. You can buy an extended warranty when the Porsche warranty is about to expire. No rush to do it now.
Old 12-14-2018 | 08:05 PM
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Originally Posted by davashcow
Thanks all. I assumed the Fidelity warranty would start when the factory warranty expired.

Glad I asked the question.

My SA was one, if not the best. I have ever dealt with, and he did not even mention it when we were doing the paperwork...that should be enough to skip it for now.


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