when warranty expires whats next?
10-23-2016, 10:13 AM
#16
I received 60% of my purchase price on trade-in for my 991.1 after almost 4 years and 23k miles. I expect similar depreciation on my 991.2.
I assume 10% of Porsche purchase price per year as my depreciation cost of ownership, with very little maintenance and repair cost. If I decide it's too much, I will not drive Porsches.
I assume 10% of Porsche purchase price per year as my depreciation cost of ownership, with very little maintenance and repair cost. If I decide it's too much, I will not drive Porsches.
10-23-2016, 10:40 AM
#17
Rennlist Member
Join Date: Aug 2016
Location: S Carolina coast & N Carolina mountains
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I received 60% of my purchase price on trade-in for my 991.1 after almost 4 years and 23k miles. I expect similar depreciation on my 991.2.
I assume 10% of Porsche purchase price per year as my depreciation cost of ownership, with very little maintenance and repair cost. If I decide it's too much, I will not drive Porsches.
I assume 10% of Porsche purchase price per year as my depreciation cost of ownership, with very little maintenance and repair cost. If I decide it's too much, I will not drive Porsches.
10-23-2016, 10:46 AM
#18
You worry too much. Anything can happen. The big stuff, if something does gone wrong usually happens early on well into the warranty period. The odds are very much in your favor. If you're that nervous, always lease a vehicle, never drive after dark, and avoid rush hour drives.
You may not be on this earth a month from now either. Enjoy the car and life.
You may not be on this earth a month from now either. Enjoy the car and life.
Now if Rumble Bee's transmission chews a gear, it will be your fault for convincing me to buy her!
All kidding aside, at about 5K miles per year, I hope to enjoy it for a long time and putting aside $2-3k per year for ongoing maintenance/repairs is hardly an issue.
Hope you're doing well and I still enjoy reading the HFS thread and fantasizing about buying more cars...darn car sickness....
10-23-2016, 12:09 PM
#19
Drifting
I am obsessive about giving my cars the proper, and proactive, maintenance. But I don't baby them, either. I daily drove and tracked by Cayman S for four years and am using my 2014 991S in the same way since purchasing it new. Neither one has been to the dealer for anything. Bulletproof.
And for what it's worth, my 1996 Carrera 4S, which I've owned for 16 years, has never been in the shop for repairs, either. It just takes proper proactive maintenance. The biggest fault I've had with the car happened this summer when the A/C evaporator sprung a leak and needs replacement. I'll tackle the repair myself this winter.
These cars are pretty reliable.
And for what it's worth, my 1996 Carrera 4S, which I've owned for 16 years, has never been in the shop for repairs, either. It just takes proper proactive maintenance. The biggest fault I've had with the car happened this summer when the A/C evaporator sprung a leak and needs replacement. I'll tackle the repair myself this winter.
These cars are pretty reliable.
10-23-2016, 12:24 PM
#20
I personally have no worries about running my 991 past the warranty. Generally the known costs of scheduled mx, tires, brakes, etc. are going to end up being a lot more money than mechanical failures.
However if you skip shifting the transmission as much as your poor keyboard, you may not want to run past the warranty.
However if you skip shifting the transmission as much as your poor keyboard, you may not want to run past the warranty.
10-23-2016, 12:56 PM
#21
Rennlist Member
If it's true that an original owner can purchase a Porsche CPO Warranty, does this mean:
1. You can do this when you reach 4 years or 50k miles?
2. Qualification for CPO coverage is based upon passing the usual CPO inspection criteria?
3. The owner's cost will typical CPO rate, with the additional cost to owner of any components that
require replacement?
1. You can do this when you reach 4 years or 50k miles?
2. Qualification for CPO coverage is based upon passing the usual CPO inspection criteria?
3. The owner's cost will typical CPO rate, with the additional cost to owner of any components that
require replacement?
10-23-2016, 01:22 PM
#23
Race Director
Originally Posted by kwikit356
If it's true that an original owner can purchase a Porsche CPO Warranty, does this mean:
1. You can do this when you reach 4 years or 50k miles?
2. Qualification for CPO coverage is based upon passing the usual CPO inspection criteria?
3. The owner's cost will typical CPO rate, with the additional cost to owner of any components that
require replacement?
1. You can do this when you reach 4 years or 50k miles?
2. Qualification for CPO coverage is based upon passing the usual CPO inspection criteria?
3. The owner's cost will typical CPO rate, with the additional cost to owner of any components that
require replacement?
It's a Porsche branded third-party warranty. It's more expensive than the CPO which typically runs around $3000
10-23-2016, 01:40 PM
#24
10-23-2016, 01:53 PM
#25
Race Director
Originally Posted by verstraete
This may well be my next move, in 2020, depending on what the next generation 911 brings.
10-23-2016, 03:19 PM
#27
Nordschleife Master
I always worry about extended warranties and the fine print as to what is not covered. When something breaks and its time to get it fixed (usually something major), they inevitably come back to you and say its not covered according to the policy under section 123(z), paragraph 47, subsection m1(2a)(4g). Always thought 3rd party warranties to be scams.
10-23-2016, 05:40 PM
#28
Race Car
I always worry about extended warranties and the fine print as to what is not covered. When something breaks and its time to get it fixed (usually something major), they inevitably come back to you and say its not covered according to the policy under section 123(z), paragraph 47, subsection m1(2a)(4g). Always thought 3rd party warranties to be scams.
10-23-2016, 05:58 PM
#29
Banned
Problem one is. There is always a deductable. Two, they only allow for aftermarket parts. Poses a problem because the dealer can't Install them so your forced to go there approved mechanics. In the end it's probably not worth having unless you track the car and go through motors.
