I'm a new owner of a 2001 Cab.

As of today I don't have any maintenance issue(s) and I don't believe in extended warranties.

With that being said, I am wondering if anyone can recommend a GOOD extended warranty company that I can review.

Thank you.

 

ditto that!

 

They are expensive and not worth it IMO.

Take the $3-4grand you would spend on the warranty and put in in the bank for a rainy day.

Just my 2 cents.

 

by rainy day, do you mean a new engine??? you will need more than the 3-4K!
These cars are expensive to fix if something goes seriously wrong. I'm not talking about the oil changes or alternator/belt/pulley changes... I'm talking about IMS/RMS, AOS repairs or intermix. 2-3 repairs under your extended warranty and it already paid it for itself!

 

I called AAA Warranty for my 1999 996. They are a broker, it seems.

The quoted me $2100, with a payment plan, for a Powertrain warranty for an additional 5 years, 100,000 miles (additional). I told them I wanted 2 years, 24k. They said no other options, but they may negotiate with me downwards on price. I asked for the contract (devil is in the details) and they are sending this to me, which I plan to look at. I am also concerned about who is backing the warranty - will they be around, will they cover, etc.

I have just started my due diligence on this, so that's all I can say for now. I have been told to look at the labor rate they allow, how they reimburse or pay, what parts they allow as replacement, the stability of the warranty company, etc.

 

I went AAA Warranty and paid $2k for five years, 150k mile powertrain warranty... I figured $2k was a good bet against coughing up $10K+ on a new motor should the unspeakable happen... they also have some sort of rebate you can get if you don't use the warranty... but it's been a long time since I reviewed it - I paid it and never looked back (no hemming or hahhing, just pay for it and forget about until you actually need it...)

My $0.02

Rudy

 

I have an extended warranty with CNA that was $2500 for 3/36. This is the third time i have purchased an extended warranty, and have gotten my money's worth each and every time, not to mention the peace of mind it brings when I am driving the crap out of my car.

 

Thanks all! This is the first time I have bought a used car and I have heard horror stories about P pricing......Thanks again all!!

 

Ok, I have read through the Warranty Contract that they sent to me. Here are what I believe to be the salient points of this particular contract:

1. It is with Enterprise Financial Group, through AAA Warranty (broker).
2. Does not take effect until after a 30 day waiting period and 1000 miles.
3. "Replacement parts may be of like kind and quality. This may include the use of new, remanufactured or used parts as determined by warranty company." - Commentary: seems as if they can put in a salvage motor with similar miles as the one gone bad. Would need to clarify this.
4. Need to maintain vehicle's recommended maintenance schedule.
5. A single engine claim cannot exceed $3,000 per occurrence. Total aggregate claims cannot exceed $7500. Commentary - a $2100 premium and a limit of $3k for a single porsche motor issue? Don't even ask what a remanufactured engine costs.
6. Leaking seals and gaskets are not Covered Parts.
7. Cannot "modify" vehicle in a way not recommended by manufacturer.

 

Thanks Todds911, AAA doesn't seem like a winner!

 

That's a non-starter. Replacing an engine will cost over $10K. An easy way to go is to get the aftermarket warranty the local P car dealer sells.

 

I agree with the "go with the P car dealer for the warranty" route.

I called my closest dealer. They are 50% more, for half the coverage time. However, they basically state that if something goes wrong, you drop it off, you pay $100 deductible, and they fix it. No max limits.

I asked if it was as easy to deal with as having a CPO warranty. Salesman said yes. Maybe an oversimplification, but he said that there was no complicated contract that you had to read to catch the "gotchas" and the dealer backs the warranty (whatever this means). I am shopping this warranty with other nearby dealers now. It was $3100 for 2 years, 24k Powertrain. Only another $100 adder for the electronics, A/C, etc.

$3100 is steep, but not if the engine goes. Probably recoup half that on the resale, if I sell. Will see if I can find/negotiate to $2500.

 

Really??

How many engines do you think they actually replace?
If they sell a policy at $2-3 grand and are replacing engines left and right for $16 grand how long will they be in business?

 

Porsche remanufactured engines for the 996 are $13,000 and remanufactured transmissions are $6-8,000. There are not many 996 porsche engines out there because if costs more to privately rebuild a 996 engine than to core out your old one and get a remanufactured engine from Porsche with the most updated RMS etc. $2100 for 2 years doesn't seem so bad when considering the alternative. Also, if you have a Porsche warranty (new car of CPO) now, get the new warranty before it runs out, and there is usually a lower cost and no waiting period. One thing to remember, Porsches are high end performance cars and can be very tempermental and the engines don't last like Lexus and Toyotas. You are probably looking at a new engine ( or at least an RMS) at 100K if you run it hard (like most of us do). However the the trannies last longer than the engines.

 

Again guys, read the fine print.

How can they stay in business replacing $15K engines for $3K premiums?? Well, if the coverage limit is $3k per occurrence, then they breakeven even if 100% of the cars breakdown (with the time value of money, they are actually ahead of the game). The max aggregate coverage maybe $7500 (multiple occurences), as I quoted above, and I am sure that only a few cars reach this limit, as a motor gone bad would be "one occurence" and probably the first occurrence on a Powertrain Warranty - i.e., a $3k limit coverage.

Most coverages don't cover a "leaking seal" (the RMS).

Most of the aftermarket warranty companies don't know Porsches, so they cover their lack of knowledge with the occurrence limits and aggregate limits.
Porsche dealerships do offer after market warranties - you'll pay more, but may have more peace of mind (still, read the fine print - look for the smallest font print, and read that first, haha).