992Sam

I have my local dealer wiling to sell me the "Porsche" branded extended warranty Platinum level 5 years additional and 60,000 total miles for $5800 with the $100 disappearing deductible, I'm currently at 25K and will hit 4 years in Dec 2023.. What do you all think? Money well spent? I mean one major break down and it pays itself off..

Thoughts on this?

joydrive

I'm looking forward to reading the responses on this. Lots of folks here recommend Fidelity extended warranties — see for example this thread https://rennlist.com/forums/cayenne-...arranties.html

992Sam

yeah, I looked into that.. not really cheaper and seems using the Porsche one is more seamless with dealers.. I mean with this one, after the first visit (where you pay the $100), you never pay a deductible again and they just handle the billing transparently as if it's a factory warranty. Seems like Porsche wouldn't back it with their name if it sucked.

aggie57

This is it?

https://www.porsche.com/usa/accessor...ctionplan/vsp/

Seems like a fair deal if it takes you to 9 years, although I guess the 60,000 miles could be a little light on if you use the car more over that time than you have to date. Is it backed by Porsche themselves though, or a 3rd party?

992Sam

I think it's a 3rd party underwriter... but I bought a Suburu recently as my main car.. so I won't be putting on the miles like I did..

mferris

I have a 2020 C2S I bought new and the factory warranty expires in 1 year. The quote from my dealer for VSA is in my inbox and I’m thinking about pulling the trigger. While I have had few problems - if there is something that goes bad wrong I would hate to spend $5K for new electronics (PDCC, RAS,…).

I would also like to switch from a PDK to a manual - so when the 992.2 is released I might jump on the waitlist and trade mine in, for which the VSA is proratable and refundable. This is off course binding me into the dealer and Porsche but I’m okay with that.

For approx $5500 it seems like a fair (refundable) expense for an additional 60 months. Especially if I cannot get a 992.2 for a few years.

aggie57

On my 2009 997 the initial warranty was only 2 years from new, pretty bad but that's how it was back then in Australia. I had the car for 5 years and for the last 3 years I had the Porsche warranty extension, it more than paid for itself with just a couple of repairs one of which was a replacement steering rack. I really liked the fact that it operated just like the original warranty, as in I just took it to the dealer and they took care of everything. In fact that steering rack was something they picked up at a regular service.

Jimmy-D

I think it is a good deal especially if you can transfer this to a new Porsche

detansinn

By capping it at 60k miles, they’re not going to lose money on you.

kim9701

OP, if you drive the 992 a lot, I think it's definitely worth it. But, if your 992 is a garage queen, probably not.

shrimp money

Porsche needs to make money at this price, or they wouldn’t offer it for $5,800. They have all the data on the breakdown of components and cost to fix.

Would you offer a product for $5,800 if it costs you more than that in claims?

Staffie Guy

More people lose on the deal than win on the deal and that is why it is offered-it makes money.

The only time I buy insurance on anything is if the incident will damage me financially or is required by law.

redcab

I think the way to view extended warranty offers is to compare them to "self insurance".
For $5800 +$100 deductible you have a cap on out of pocket expense and if that gives you comfort versus the possibility that you might end up paying a total of either $0 or $10,000+.during that timeframe .. you should go with getting the warranty.
Some people are probabilistic risk takers (ie, Porsche isn't going to offer it if overall they won't make money, statistically) and some have deep pockets... for those, "Self Insurance" is usually their choice
And don't forget that at today's (finally) decent money market interest rates (~5% in US) your $5900 is worth considerably more sitting in the bank for 9 years.

colnagoG60

FWIW, I bought my GT4 as CPO with 30k miles on the clock. I was not allowed to take the car home at signing because the dealer found an exhaust leak in "one of the two mufflers". For whatever reason, I was sent the part invoice from the supplier, and apparently the muffler cost $4,000. I assume the remaining muffler is of the same age and could potentially fail, at a cost of another $4,000, plus installation. In the 3 years and 17k miles I've had the car, its been taken to the dealer for (14+) repair services/checks (outside of routine maintenance), and I've paid a total of $75, which I was told I may have been able to be refunded by the original dealer as they changed the sway bar position at time of delivery, but came detached. My car's warranty has lapsed (wasn't sure if I was keeping) but given "my experience", and use case/budget, I'd extend the factory warranty without hesitation. Especially given they even replaced CV boots.

As always, YMMV.

Diablo Dude

As a former 981 GT4 owner that never had any "issues" after 15,000 miles, I'm curious to learn what some of your 14+ repairs were.