Notices
997 Forum 2005-2012
Sponsored by:
Sponsored by:

Torn on Warranty Coverage Length...

Thread Tools
 
Search this Thread
 
Old 12-21-2019, 04:53 PM
  #16  
BG3
Advanced
Thread Starter
 
BG3's Avatar
 
Join Date: Oct 2018
Location: New London, NC
Posts: 84
Received 6 Likes on 5 Posts
Default

Originally Posted by davidtsedaka
extended warranty can only be purchased for a car that currently has CPO ?
No, I just assumed I could get better value by purchasing an extended warranty, if I wanted to, while it was still covered by the CPO. That reduces their liability by knowing that anything that had been a known issue should have already been taken care of.
Old 12-21-2019, 08:48 PM
  #17  
PJorgen
Burning Brakes
 
PJorgen's Avatar
 
Join Date: Nov 2006
Location: Northern Nevada
Posts: 907
Received 11 Likes on 10 Posts
Default

As someone mentioned, engine is the biggest expense. Have you considered Fidelity’s power train only warranty?
Old 12-22-2019, 12:42 AM
  #18  
holgum
Rennlist Member
 
holgum's Avatar
 
Join Date: Feb 2008
Location: Northern VA
Posts: 190
Received 14 Likes on 6 Posts
Default

Keep in mind Fidelity warranty is fully transferable, so even if you sell it, that could be attractive to a buyer.
The following users liked this post:
Ironman88 (12-22-2019)
Old 12-22-2019, 12:49 AM
  #19  
Upscale Audio
Rennlist Member
 
Upscale Audio's Avatar
 
Join Date: Sep 2015
Location: Southern California
Posts: 2,493
Received 1,087 Likes on 590 Posts
Default

Originally Posted by BG3
No, I just assumed I could get better value by purchasing an extended warranty, if I wanted to, while it was still covered by the CPO. That reduces their liability by knowing that anything that had been a known issue should have already been taken care of.

On 6/14/2019 I bought a 6 year 60k Platinum warranty with a $250 deductible on my 2012 GTS w/ 20k miles. It was $3827. My car is a manual so frankly I don't know if I need it. If I had a 997.2 with a PDK...or any Porsche with a PDK.....I'd want a warranty. I have plenty of money to pay the bills and I never buy service contracts but jeez I've had sh*t go down with my Porsches.

And if you sell the car you can get a partial refund but I suspect the new owner would want it.
Old 12-22-2019, 01:37 AM
  #20  
sandwedge
Nordschleife Master
 
sandwedge's Avatar
 
Join Date: Apr 2007
Location: Florida
Posts: 8,486
Received 1,031 Likes on 732 Posts
Default

Originally Posted by BG3
Yes, car is paid for.

7yr/70,000 is just over $5k. Of course, shorter terms would be cheaper.

Seems kind of like buying a long term lottery ticket that may or may not have to pay out. But, does provide peace of mind. So, how much is that intangible worth?
$5,000 for seven years and 70,000 miles of peace of mind is a bargain in my opinion. Engine failures on 997.2's are very rare but unless I missed it you don't mention if your car is a manual or PDK. PDK failures are rare too and prices for replacement are all over the map but I would allow at least $10,000 for that remote possibility.

Another reason to buy the 7yr/70,000 mile policy you're considering is that the price for these policies escalate rapidly with mileage. So buy a 3 or 4 year policy now and then you decide to keep the car when whichever shorter one you choose is about to expire, It's almost certain that you'll pay more between the initial policy and the renewed one with more miles on the car. One more reason to go with the longer term policy is the low miles on your car and the fact that if you sell or trade the car you can cancel the policy and get a prorated refund for the balance. So I don't see how you have anything to lose by going forward with the 7/70,000 policy, especially if you plan on keeping the car for the long term. Buy it before your CPO coverage expires though. Big difference.
Old 12-22-2019, 04:44 PM
  #21  
Upscale Audio
Rennlist Member
 
Upscale Audio's Avatar
 
Join Date: Sep 2015
Location: Southern California
Posts: 2,493
Received 1,087 Likes on 590 Posts
Default

Originally Posted by BG3
No, I just assumed I could get better value by purchasing an extended warranty, if I wanted to, while it was still covered by the CPO. That reduces their liability by knowing that anything that had been a known issue should have already been taken care of.

Is your car a PDK?
Old 12-22-2019, 05:53 PM
  #22  
BG3
Advanced
Thread Starter
 
BG3's Avatar
 
Join Date: Oct 2018
Location: New London, NC
Posts: 84
Received 6 Likes on 5 Posts
Default

Yes, it's a PDK.
Old 12-24-2019, 05:17 PM
  #23  
Upscale Audio
Rennlist Member
 
Upscale Audio's Avatar
 
Join Date: Sep 2015
Location: Southern California
Posts: 2,493
Received 1,087 Likes on 590 Posts
Default

Originally Posted by BG3
Yes, it's a PDK.

On a 6 speed transmission the warranty doesn't cover clutches and all. The 6 speed trans is solid, clutches not as much. My 996 clutch went out at 25k. My 997.1 did too at somewhere in the 40's as I remember.

The PDK is covered by a warranty and there's a lot of parts in them.
Old 12-31-2019, 12:21 PM
  #24  
Patrick3000
Rennlist Member
 
Patrick3000's Avatar
 
Join Date: Dec 2015
Location: Maryland
Posts: 1,296
Received 451 Likes on 249 Posts
Default

Just picked up a Fidelity Platinum 6/60 for my 2011 C2S Coupe 6spd manual with a $250 deductible for 5k from my local dealer. The car has 26k miles currently. Probably could have shopped for a better price but wanted to support the dealer that I do most of my business with.
Old 12-31-2019, 01:13 PM
  #25  
gulshan
Instructor
 
gulshan's Avatar
 
Join Date: Oct 2017
Posts: 111
Likes: 0
Received 10 Likes on 8 Posts
Default

$5,000 / 84 months (7 year's) = $60 per month. Car is paid off. Dont over analyze. Just get the warranty. Worth it for peace of mind alone. Just make sure it is bumper to bumper and reputed..
Old 12-31-2019, 02:41 PM
  #26  
93Jaffe
Racer
 
93Jaffe's Avatar
 
Join Date: Jul 2019
Posts: 261
Received 41 Likes on 34 Posts
Default

I am not a warranty guy personally, and do not totally know the terms of the 7/70k, but at 5k that seems like pretty easy peace of mind. It's very likely little things will go wrong that will add up to 5k over 7 years.
Old 12-31-2019, 04:51 PM
  #27  
1 PGH 1
Rennlist Member
 
1 PGH 1's Avatar
 
Join Date: Jan 2006
Location: Toronto, Ontario, Canada
Posts: 542
Received 4 Likes on 4 Posts
Default

It’s not unlike an insurance policy, you hope you never need it, but when you really do ...

Couple of years ago when I bought my ‘11 C4S and ‘15 Macan Turbo, I swallowed hard and purchased a warranty for each one.

No issues with the 4S so far, but about 3 months ago the pdk in the Macan gacked at about 48k miles ... cost after the $6k core exchange was $25k.

Most happily it was covered, but while you’re waiting for the insurance company’s decision ... it really does make you think - so what the h*ll do I do with the car now? I had always thought, phtt it’ll never happen and if it does I’ll just deal with ... very different perspective if it ever does happen.

Just my $.02.



Quick Reply: Torn on Warranty Coverage Length...



All times are GMT -3. The time now is 02:27 PM.