Some of you may of saw my 1st post in the cayenne group. Anyways New Owner here. 08 CTT, been thinking about a third party Warranty. 85k on her. I was told 3600 bucks for 4 years 12k miles a year from carchek. Anyone recommend this company or a company?


Thanks DB

 

Read the policy very carefully. Will they pay to replace an engine if the cylinders score? Probably not, is my guess, there will be a $ limit on what they will put out for repairs.

I was told by several aftermarket warranty companies they would not cover my previous '08 CTT with under 70k miles. $3600 for 48k miles is a STEAL if it actually covers the repairs you will need over that period.

 

Lots of Company’s turned me down. Carchex was recommend by car fax and consumer reports so hopefully they are legit. And yes they have a cap I think it was 15k ? 4k for 15k worth of repairs is worth the gamble for me. Anyone else use this company or have any good luck with 3rd party’s actually paying out. Cylinder scores is my main concern hahaha I see it is common but less common on 08 CTT

 

I find nothing in Consumers Reports on line except an article warning people against buying any extended warranty.

They had no ratings or recommendations at all for extended warranty companies - except the recommendation to avoid all of them.

I'd also suggest reading: https://stlouis.bbb.org/storage/142/...tstudy2011.pdf

And

https://rennlist.com/forums/cayenne-...l#post14351498

YMMV.. (and for the record - I have an extended warranty on my '11 CTT.. so I'm not immune to fear of failure expenses..)

 

Ah sorry it was here a buddy linked it to me https://www.consumeraffairs.com/auto_warranty/... I know there are a lot of scams! Wish I had CPO. So is the block scoring a common issue with the 08 CTT looks like a lot of 1st gen little off topic

 

So it seems to be actual cash value. So my CTT Book value is 20k

 

you could buy a lot of parts for $4000 and do the work yourself.

 

Haha yes I could!! No time to do it myself. I’ve done many jobs on other cars in the past. So much easier just dropping it off and picking it up.

 

That’s just power train not exclusionary. I have the highest level on my rs4 with them. They are just administrator, the warranties are backed by various companies. I’ve had one claim with a headlight on the rs4 and they eventually agreed to pay. They tried to dispute some language but didn’t realize I had a high tech rider package which covered adaptive headlights.

I also have easycare total care on my cayenne and it’s been worth its weight in gold.

Have fidelity platinum on the Carrera S but I have not yet had to use it.

Youll get all sorts of opinions from others. If it helps you sleep at night go for it. But just know what it will/won’t cover so there will be no surprises. People crack me up with the expectation of ROI on their insurance. Who wants to die, become disabled, have a house burn down, be a victim of a flood? It’s a matter of personal preference. Forget about consumer reports and other “experts.”

 

Yes all I want is powertrain! After reading all these horror stories on these cars with the blocks scoring, starting to freak me out lol. I’ve been reading a lot online some people say it is really worth it. I guess it really just depends if something actually brakes on your car. If I spend four grand and nothing goes wrong I would still think it is worth the gamble. But I do not want to run into a situation where they will not pay for something in the powertrain because of some BS excuse

 

Many, possibly most, aftermarket warranties limit their coverage to the actual cash value (the price you paid for the car if still within a few months of purchase) of the vehicle. So if you paid $20K your policy will pay for $20K in repairs and no more than that. It wasn't clear if their $20K payout included the owner's co-pay or not. I found it tricky to buy a warranty with 86000 miles, to the point I decided against it since the only way to get a warranty was through a car dealer who sells their insurance (the high mileage prevented me from getting a less expensive policy online direct from the warranty company). So not only was the policy expensive, there was the inevitable "dealer markup" that was a huge turn-off and seemed to have a strict $500 limit on the "goodwill" discount, not even 10% of the "list price" for the policy. Search for reviews of any warranty company you choose and do not overlook the fact that they will try to talk the repair shop into using the cheapest possible part regardless of where it came from and whether it is known in the community to NOT be reliable or compatible. And the warranty companies often drag out repairs by essentially stopping work on your car while deciding if they are willing to cover the newly discovered issue or not. Plus they can cause all kinds of grief by not paying shops in a timely manner, to not allowing coverage for something that SHOULD be covered... be sure you check online reviews to see if there are overwhelming negative experiences. But keep in mind that for every 1 "good" review, there are 100 to 1000 other "good experiences" who didn't bother to write a review.

 

I was informed by an indy shop service writer that insurance companies will not pay for diagnostic work up front.

So you pay to have it dismantled, then wait for an adjuster to inspect the repairs required, then wait while they search for a used part to complete the repairs.

Meanwhile your car exceeds the allotted time in the bay so its pushed out for another day.

Best to check if the shop that you normally use for service will work with the insurance that you choose.

Also be certain to have a second vehicle as a daily driver while you wait for the repairs to happen.

 

Hey Guys!

Sorry to resurrect an old thread, but I am kinda in the same crunch as you.

JBrown,
How did the CarChex warranty turn out?

8202632,
How did you purchase the EasyCare and Fidelity warranties? Did you have to go thru a dealership, or did you call them up independently?

Do either of you have contact information for any of the three warranty companies?

 

Something else from someone who priced extended warranties as part of their job responsibility (not for cars, but learned a lot from the car warranty business):

Warranties are priced so that the warranty company makes money on 90% of the warranties sold, break even on 5% of the warranries, and lose money on 5% of warranties sold. That means the average warranty purchaser only comes out "ahead" 5% of the time.

Dealers who sell extended warranties NEVER lose money... their markup is pure profit, so obviously, they WANT to sell you an extended warranty. Dealers typically get 25% to 50% of the cost of the extended warranty policy... keep in mind that the dealer profit is "outside" the actual cost of the extendedd warranty policy. If you pay $5k for an extended warranty at a dealership, the dealer will get, say $1500, the warranty company will get $3500, and on that $3500, the warranty company will make money 90% of the time, break even 5% of the time and lose money 5% of the time.

Extended warranty companies will have an age (in years) or mileage limit on policies they will sell direct to vehicle owners (the least expensive way to purchase most policies. They will often allow dealers to sell warranties on older cars with higher mileage with a larger dealer markup and higher policy cost potentially making higher mileage extended warrantes VERY expensive.