Extended Warranties
#1
Extended Warranties
I have been considering buying an extended warranty for my 911 Cab as it is getting close to 4 years old. This is my first Porsche so I don't have past experiences to rely on to determine if it a smart thing to do. A CA I know said I should seriously consider because I have a Cab and if there is a problem with the top it can be very expensive to fix.
I have two warranty options: One is through a third party insurer, CNA, which appears to have a very good reputation and there other is through the parent company of the dealership which will sell me the warranty. I am figuring the cost to be about $600 per year.
The question is how much is it worth for the piece of mind knowing that my out of pocket will never be more than $100.
I have two warranty options: One is through a third party insurer, CNA, which appears to have a very good reputation and there other is through the parent company of the dealership which will sell me the warranty. I am figuring the cost to be about $600 per year.
The question is how much is it worth for the piece of mind knowing that my out of pocket will never be more than $100.
#2
Rennlist Member
P-cars parts are outrageously expensive, not to mention the labor rate. IMHO, For $600 per year I would purchase it. Be sure to review the exclusions very carefully.
#3
It depends upon your tolerance for risk. I've owned many 911s over the past 40 years and typically kept them for 7 - 8 years. I never purchased an extended warranty for any of my cars. In my case I always followed Porsche's maintenance recommendations, and all the service work was performed by the dealer.
One of the advantages of having the work performed by a dealer is that they will act as your advocate in securing "good will" repairs from Porsche after warranty expiration. I was the beneficiary of two Porsche "good will" repairs over the years, and the money I saved easily offset the premium charged by dealers for service.
Bottom line is that if your car has been properly maintained, I'd say that it's unlikely that you will encounter any catastrophic problem that would justify the extended warranty premium.
One of the advantages of having the work performed by a dealer is that they will act as your advocate in securing "good will" repairs from Porsche after warranty expiration. I was the beneficiary of two Porsche "good will" repairs over the years, and the money I saved easily offset the premium charged by dealers for service.
Bottom line is that if your car has been properly maintained, I'd say that it's unlikely that you will encounter any catastrophic problem that would justify the extended warranty premium.
#4
I have been considering buying an extended warranty for my 911 Cab as it is getting close to 4 years old. This is my first Porsche so I don't have past experiences to rely on to determine if it a smart thing to do. A CA I know said I should seriously consider because I have a Cab and if there is a problem with the top it can be very expensive to fix.
I have two warranty options: One is through a third party insurer, CNA, which appears to have a very good reputation and there other is through the parent company of the dealership which will sell me the warranty. I am figuring the cost to be about $600 per year.
The question is how much is it worth for the piece of mind knowing that my out of pocket will never be more than $100.
I have two warranty options: One is through a third party insurer, CNA, which appears to have a very good reputation and there other is through the parent company of the dealership which will sell me the warranty. I am figuring the cost to be about $600 per year.
The question is how much is it worth for the piece of mind knowing that my out of pocket will never be more than $100.
BBB CNA
#5
The only reason I would consider CNA is because I would be buying it through the dealer and they have sold it for many years and they are the ones who will have to get the approvals.
#6
Rennlist Member
How many miles do you put on your car a year?
#7
Rennlist Member
I was told the same thing about CNA by my dealer and was considering them as my warranty will expire beginning of 2017. The reviews did not look promising.
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#8
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While this might be true, I've not seen any cabriolet repairs on the 991 Forum. I don't even see any on the 997 Forum or Boxster Forums.
#9
Burning Brakes
It depends upon your tolerance for risk. I've owned many 911s over the past 40 years and typically kept them for 7 - 8 years. I never purchased an extended warranty for any of my cars. In my case I always followed Porsche's maintenance recommendations, and all the service work was performed by the dealer. One of the advantages of having the work performed by a dealer is that they will act as your advocate in securing "good will" repairs from Porsche after warranty expiration. I was the beneficiary of two Porsche "good will" repairs over the years, and the money I saved easily offset the premium charged by dealers for service. Bottom line is that if your car has been properly maintained, I'd say that it's unlikely that you will encounter any catastrophic problem that would justify the extended warranty premium.
#10
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Join Date: Jan 2016
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Good investment on a service contract. CNA is a good company and pays well. There are a few out there that are add on miles, not "up to" miles on the odo.
As mentioned, you want a VSC that you can read what is excluded in coverage. Read the contract, not the brochure. Some do not cover cab tops, some do. Buying it from the dealership is the only way to go. Do not buy something online.
You want it for the electronics in the car, not the mechanicals on the car. You maintain the motor and tranny, you cannot maintain the electronics.
I am in this industry and am more then happy to answer questions on the subject.
As mentioned, you want a VSC that you can read what is excluded in coverage. Read the contract, not the brochure. Some do not cover cab tops, some do. Buying it from the dealership is the only way to go. Do not buy something online.
You want it for the electronics in the car, not the mechanicals on the car. You maintain the motor and tranny, you cannot maintain the electronics.
I am in this industry and am more then happy to answer questions on the subject.
#12
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No. Do a CPO if you can, however depending on the VSC available, you may be able to buy the VSC prior to the factory warranty or the CPO time. You have to check. Even with CPO, buy the VSC prior to the expiration of the base factory warranty. Most providers will not allow you to purchase past the basic factory warranty.
#13
CNA National Warranty
Has anyone had any updated (negative or positive) experiences with CNA that they can share?
I am about to purchase a Cayenne and an E-class and will need an extended warranty on both, and just wanted to know if I should put all my eggs (trust in them).
Any real-life examples are helpful. Thanks!
I am about to purchase a Cayenne and an E-class and will need an extended warranty on both, and just wanted to know if I should put all my eggs (trust in them).
Any real-life examples are helpful. Thanks!