Prepaid Maintenance PSMP
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Joined: Oct 2012
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From: Boston, MA
Shameless scumbags.... because doing a 'Plus 1' oil change on a 992 GT3 is 80% more expensive then a 992 C2S, lol.
Wonder what they charge for a Taycan oil change? Bet they'll sell you a plan for that too if you asked em... "and don't forget to change the blinker fluid"
Wonder what they charge for a Taycan oil change? Bet they'll sell you a plan for that too if you asked em... "and don't forget to change the blinker fluid"
Last edited by jlegelis; Nov 15, 2023 at 06:02 PM.
Thread Starter
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From: Chicago
Did not notice that! I will say that my dealer charges $1,800 for that, so even at $1,400 you would save money!
I'm also surprised the Boxster / Cayman GTS costs are more than the 992!
Last edited by doug_999; Nov 15, 2023 at 07:43 PM.
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From: SLC, UT
I thought I would do a quick thread on the Porsche Scheduled Maintenance Plan Agreement (PSMP) aka Pre-Paid Maintenance. Lots of threads on it but I didn't easily find one via searching.
Rules of the Road...(these pertain mostly to the USA and for MOST States here):
1. It is non-refundable. Once purchased it becomes part of the car. The dealer will tell you it "increases" the value of the car - but we all know, at trade, it will be worthless and yet the next guy/gal will have to pay more because "this car has prepaid maintenance!"
2. It can be purchased any time up until two years after your purchase date. So while my car is calling for an oil change in 8 days, its in service date is May 01 2021 - so I have until May 01 2023 to buy this. Therefore YOU SHOULD NEVER PURCHASE THIS EARLY!..Sell the car? Out the cash. Crash the car? Out the cash. Get the car stolen? Out the cash.
3. The price is the same at all dealers. While I'm sure someone got their dealer to do some fun stuff, my dealer quotes ""Porsche price lock the PSMP for every dealership across the nation, they can not mark it up or discount the cost (even for the nicest clients we have!!! ha)"
4. If you are going to get your car serviced at the dealer, this will normally save you money. My dealer wants $1,600 (not even sure if that includes tax) for my year two service. The first year of my PSMP (year two of service) was $1,040 and no sales tax on this (at least in my state and I swear they tax everything). That's a $550 savings - and yes, my dealer charges too much.
5. If you are going to go to an independent or self-service your car - both totally legit, then this is a rip off.
6. You need to decide how long you intend to keep the car. See #1 above.
My story is/was that I was going to find a reputable independent and not spend this money - especially when I heard the dealer was charging $1,600 for an oil change and brake fluid change. Alas, I've used an independent shop with incredible ratings for my BMW service of late and ... well... I'm not going back. It looks like they have kids working on my car - the receipts lack detail - and dammit, there is no coffee in their waiting room
Oh and my specific instructions of "please get a sample of my oil in this nice Blackstone container" was "forgotten". It is the little things.
and... while it is totally legit to have an indy shop do the work on your car (or do it yourself), we all know, if there is some serious warranty claim, Porsche is going to treat the person who had the car serviced at their dealer network more favorably than the person who didn't.
Anyway, that's my write-up and at time of writing, here are the costs for this plan:
PSMP for the 992:
1st year is free,
2 year - $1,040 (This is called PSMP+1)
3 year - $2,445
4 year - $4,345
5 year - $5,035 (This is called PSMP+4)
So I went and did it - signed up for four (4) more years of maintenance for my 2021 C4S.
Rules of the Road...(these pertain mostly to the USA and for MOST States here):
1. It is non-refundable. Once purchased it becomes part of the car. The dealer will tell you it "increases" the value of the car - but we all know, at trade, it will be worthless and yet the next guy/gal will have to pay more because "this car has prepaid maintenance!"
2. It can be purchased any time up until two years after your purchase date. So while my car is calling for an oil change in 8 days, its in service date is May 01 2021 - so I have until May 01 2023 to buy this. Therefore YOU SHOULD NEVER PURCHASE THIS EARLY!..Sell the car? Out the cash. Crash the car? Out the cash. Get the car stolen? Out the cash.
3. The price is the same at all dealers. While I'm sure someone got their dealer to do some fun stuff, my dealer quotes ""Porsche price lock the PSMP for every dealership across the nation, they can not mark it up or discount the cost (even for the nicest clients we have!!! ha)"
4. If you are going to get your car serviced at the dealer, this will normally save you money. My dealer wants $1,600 (not even sure if that includes tax) for my year two service. The first year of my PSMP (year two of service) was $1,040 and no sales tax on this (at least in my state and I swear they tax everything). That's a $550 savings - and yes, my dealer charges too much.
5. If you are going to go to an independent or self-service your car - both totally legit, then this is a rip off.
6. You need to decide how long you intend to keep the car. See #1 above.
My story is/was that I was going to find a reputable independent and not spend this money - especially when I heard the dealer was charging $1,600 for an oil change and brake fluid change. Alas, I've used an independent shop with incredible ratings for my BMW service of late and ... well... I'm not going back. It looks like they have kids working on my car - the receipts lack detail - and dammit, there is no coffee in their waiting room
Oh and my specific instructions of "please get a sample of my oil in this nice Blackstone container" was "forgotten". It is the little things.and... while it is totally legit to have an indy shop do the work on your car (or do it yourself), we all know, if there is some serious warranty claim, Porsche is going to treat the person who had the car serviced at their dealer network more favorably than the person who didn't.
Anyway, that's my write-up and at time of writing, here are the costs for this plan:
PSMP for the 992:
1st year is free,
2 year - $1,040 (This is called PSMP+1)
3 year - $2,445
4 year - $4,345
5 year - $5,035 (This is called PSMP+4)
So I went and did it - signed up for four (4) more years of maintenance for my 2021 C4S.
yes, it might be cheaper to service the car myself. but life is short and i am not a mechanic by any stretch and would likely mess up something. if you are lucky and have a great porsche dealer with great tech and service advisors like i do it, its will be worth it in the long run.
even if / when porsche moves away from using dealers and sells direct it, they still need to be serviced.
Racer
Joined: Dec 2020
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From: New York
Burning Brakes
Joined: Apr 2023
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Years ago, I had a dealership that would always give me a Boxster loaner. I thought that was odd, but of course fine. Something must've happened though, because then they switched to providing a generic rental...also rather odd. But to your point, my current dealer of several years always gives me a Macan or Cayenne (base).
Thread Starter
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From: Chicago
New price for the GTS 4.0/Spyder/GT4/25th is $6,675.
Racer
Joined: Dec 2020
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From: New York
Well, I definitely misjudged that there wouldn’t be a price increase inside of a year…I thought I’d have a few more months to buy it. I guess I’ll just bite the bullet sometime soon. Thanks for the update.
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From: Chicago
Racer
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From Porsche at https://www.porsche.com/usa/accessor...tenance/psmp/:
"The PSMP coverage remains with the vehicle, so even if you trade or sell your Porsche vehicle before the plan expiration, coverage continues for the remainder of the term selected."
If I was buying a used car, this would add value.
"The PSMP coverage remains with the vehicle, so even if you trade or sell your Porsche vehicle before the plan expiration, coverage continues for the remainder of the term selected."
If I was buying a used car, this would add value.
I don’t recall this ever being mentioned to me by the selling dealer.