Extended Warranty
07-21-2009, 07:38 PM
#16
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Policies don't typically cover wear items so your talking about only a few major items that would need to grenade. Sure it happens, but with the 997, how realistic is it to expect a one time 4k - 6k bill on a non-wear item unrelated to an accident?
Put an extra $200 in the bank each month, designate it your fix it fund, and make a little interest. Just a thought.
Put an extra $200 in the bank each month, designate it your fix it fund, and make a little interest. Just a thought.
07-21-2009, 07:47 PM
#17
Burning Brakes
4k - 6k sounds high, but regardless, I don't see how its a good gamble.
Low mileage cars, well cared for by you - in order for you to make out you would need a near catastrophic failure. Policies don't typically cover wear items so your talking about only a few major items that would need to grenade. Sure it happens, but with the 997, how realistic is it to expect a one time 4k - 6k bill on a non-wear item unrelated to an accident?
Put an extra $200 in the bank each month, designate it your fix it fund, and make a little interest. Just a thought.
Low mileage cars, well cared for by you - in order for you to make out you would need a near catastrophic failure. Policies don't typically cover wear items so your talking about only a few major items that would need to grenade. Sure it happens, but with the 997, how realistic is it to expect a one time 4k - 6k bill on a non-wear item unrelated to an accident?
Put an extra $200 in the bank each month, designate it your fix it fund, and make a little interest. Just a thought.
07-22-2009, 10:04 AM
#18
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4k - 6k sounds high, but regardless, I don't see how its a good gamble.
Low mileage cars, well cared for by you - in order for you to make out you would need a near catastrophic failure. Policies don't typically cover wear items so your talking about only a few major items that would need to grenade. Sure it happens, but with the 997, how realistic is it to expect a one time 4k - 6k bill on a non-wear item unrelated to an accident?
Put an extra $200 in the bank each month, designate it your fix it fund, and make a little interest. Just a thought.
Low mileage cars, well cared for by you - in order for you to make out you would need a near catastrophic failure. Policies don't typically cover wear items so your talking about only a few major items that would need to grenade. Sure it happens, but with the 997, how realistic is it to expect a one time 4k - 6k bill on a non-wear item unrelated to an accident?
Put an extra $200 in the bank each month, designate it your fix it fund, and make a little interest. Just a thought.
07-22-2009, 12:11 PM
#19
Racer
Join Date: Dec 2004
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My warranty is up next March and I have no intention of buying a third party warranty even though I intend to keep the car for some meaningful period after March. Apart from the credit risk (will the insurer be around and, if so, capable of meeting claims?), the cost of buying the insurance and the hassles of having a claim honored and paid make the purchase far less desirable for me. As others have noted, these companies seem to attract some of the worst characters as owners and officers, probably because they are not regulated by state insurance commissions. Naturally, buying a policy from a Porsche dealer discourages taking your car for service elsewhere because the claim process becomes even more complicated. And, that means that there is dealer risk-will that dealer be around, will the same owners and/or employees be there when you go to make a claim, etc?
07-22-2009, 01:23 PM
#20
Three Wheelin'
Join Date: Mar 2004
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Mine is up this coming Sept and I've decided against buying an extended warranty plan. I kept my 996 five years past its factory warranty, and the only issue during that span was the alternator ($1k). With the price tag, claim hassle, and the uncertainty of the 3rd party companies, I might as well just wing it with my 997.
