Advice on an After Market Warranty for my 2011 Cayenne S
#1
Instructor
Thread Starter
Advice on an After Market Warranty for my 2011 Cayenne S
Hello,
The CPO is about to expire (in Nov.) on my 2011 Cayenne S. I purchased the car with low mileage which is now approaching 55,000 miles. Over the last almost 2 years and 24000 miles I have had only two issues and both were taken care of via CPO. I had a front light unit replaced due to a bad PDLS and I had coolant lines replaced. Also as soon as Porsche has the parts and sends them to the Dealers I will also be bring it in for the "recall" that I received notice of to replace fastening screws on the Camshaft Controllers (this affects 2011 Cayenne S and 2011 Cayenne Turbos).
So my question is: My dealer offered me a 3 years 36,000 mile after market warranty for $3,600 when my CPO expires. I am thinking of going for it for because it seems to cover almost everything a CPO does.
Moving forward I plan on keeping the Cayenne which was my DD. It will now be my Winter Vehicle and used for trips to Home Depot seeing that I just bought another Porsche as my DD.
Should I purchase this warranty as insurance or will the Cayenne age gracefully moving forward with out too many issues?
Thank you in advance,
Cay911
The CPO is about to expire (in Nov.) on my 2011 Cayenne S. I purchased the car with low mileage which is now approaching 55,000 miles. Over the last almost 2 years and 24000 miles I have had only two issues and both were taken care of via CPO. I had a front light unit replaced due to a bad PDLS and I had coolant lines replaced. Also as soon as Porsche has the parts and sends them to the Dealers I will also be bring it in for the "recall" that I received notice of to replace fastening screws on the Camshaft Controllers (this affects 2011 Cayenne S and 2011 Cayenne Turbos).
So my question is: My dealer offered me a 3 years 36,000 mile after market warranty for $3,600 when my CPO expires. I am thinking of going for it for because it seems to cover almost everything a CPO does.
Moving forward I plan on keeping the Cayenne which was my DD. It will now be my Winter Vehicle and used for trips to Home Depot seeing that I just bought another Porsche as my DD.
Should I purchase this warranty as insurance or will the Cayenne age gracefully moving forward with out too many issues?
Thank you in advance,
Cay911
#2
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Location: Spring Lake, NJ, US of A
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Since it's being offered by the dealer - I'd go for it. Buying it from them pretty much puts it back on them to get approvals/payments for any needed work that's covered under the terms of the warranty.
DO ask for a copy of the actual warranty (not just the glossy brochure) and read it over line by line before parting with your money. Make sure you understand what's covered and to what extent, and what your responsibilities for service, etc. are.
Price sounds pretty reasonable. If just the transfer case craps the bed - your cost of it would be covered.
DO ask for a copy of the actual warranty (not just the glossy brochure) and read it over line by line before parting with your money. Make sure you understand what's covered and to what extent, and what your responsibilities for service, etc. are.
Price sounds pretty reasonable. If just the transfer case craps the bed - your cost of it would be covered.
#4
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BTW - moving this to the 958 forum - since that's what you own.
As an aside - I very rarely recommend an aftermarket warranty - mostly because most are a ripoff (denial of claims seems to be an art form with many of the insurers) - but in this case - buying it from the dealer - means the dealer has an obligation to make sure the warranty is of value. Plus if it's not excluding too many things (or not "including" enough) - the $$/value looks pretty good to me.
An extended warranty has to be looked at as a bet.
You're betting the vehicle is a POS that will cost you more in repairs than the warranty cost, and that they'll pay.
The insurance company is betting that the vehicle is OK, and that their expenses providing coverage will be less than they take in at the discounted price they sold the policy to the dealer at (figure usual markup is 100%.)
They do have the numbers behind them to make that bet, and many try to tilt the bet in their favor by refusing to pay for repairs, and daring you to take them into arbitration to collect (you'll find every aftermarket warranty precludes a lawsuit, and requires binding arbitration to settle disputes.)
You have the knowledge if you're a lucky guy or not, and how much better you'd sleep if you weren't worrying about your Cayenne self-destructing.
Sometimes you win - more often you'll lose the bet, otherwise the insurance company would be out of business. But - sleeping well at night can't be overvalued.. so.. your call, but in this case - I - would make the bet.
As an aside - I very rarely recommend an aftermarket warranty - mostly because most are a ripoff (denial of claims seems to be an art form with many of the insurers) - but in this case - buying it from the dealer - means the dealer has an obligation to make sure the warranty is of value. Plus if it's not excluding too many things (or not "including" enough) - the $$/value looks pretty good to me.
An extended warranty has to be looked at as a bet.
You're betting the vehicle is a POS that will cost you more in repairs than the warranty cost, and that they'll pay.
The insurance company is betting that the vehicle is OK, and that their expenses providing coverage will be less than they take in at the discounted price they sold the policy to the dealer at (figure usual markup is 100%.)
They do have the numbers behind them to make that bet, and many try to tilt the bet in their favor by refusing to pay for repairs, and daring you to take them into arbitration to collect (you'll find every aftermarket warranty precludes a lawsuit, and requires binding arbitration to settle disputes.)
You have the knowledge if you're a lucky guy or not, and how much better you'd sleep if you weren't worrying about your Cayenne self-destructing.
Sometimes you win - more often you'll lose the bet, otherwise the insurance company would be out of business. But - sleeping well at night can't be overvalued.. so.. your call, but in this case - I - would make the bet.
#5
Instructor
Thread Starter
Great feed back and I agree, Thank you. I want to sleep better at night!
BTW - moving this to the 958 forum - since that's what you own.
As an aside - I very rarely recommend an aftermarket warranty - mostly because most are a ripoff (denial of claims seems to be an art form with many of the insurers) - but in this case - buying it from the dealer - means the dealer has an obligation to make sure the warranty is of value. Plus if it's not excluding too many things (or not "including" enough) - the $$/value looks pretty good to me.
An extended warranty has to be looked at as a bet.
You're betting the vehicle is a POS that will cost you more in repairs than the warranty cost, and that they'll pay.
The insurance company is betting that the vehicle is OK, and that their expenses providing coverage will be less than they take in at the discounted price they sold the policy to the dealer at (figure usual markup is 100%.)
They do have the numbers behind them to make that bet, and many try to tilt the bet in their favor by refusing to pay for repairs, and daring you to take them into arbitration to collect (you'll find every aftermarket warranty precludes a lawsuit, and requires binding arbitration to settle disputes.)
You have the knowledge if you're a lucky guy or not, and how much better you'd sleep if you weren't worrying about your Cayenne self-destructing.
Sometimes you win - more often you'll lose the bet, otherwise the insurance company would be out of business. But - sleeping well at night can't be overvalued.. so.. your call, but in this case - I - would make the bet.
As an aside - I very rarely recommend an aftermarket warranty - mostly because most are a ripoff (denial of claims seems to be an art form with many of the insurers) - but in this case - buying it from the dealer - means the dealer has an obligation to make sure the warranty is of value. Plus if it's not excluding too many things (or not "including" enough) - the $$/value looks pretty good to me.
An extended warranty has to be looked at as a bet.
You're betting the vehicle is a POS that will cost you more in repairs than the warranty cost, and that they'll pay.
The insurance company is betting that the vehicle is OK, and that their expenses providing coverage will be less than they take in at the discounted price they sold the policy to the dealer at (figure usual markup is 100%.)
They do have the numbers behind them to make that bet, and many try to tilt the bet in their favor by refusing to pay for repairs, and daring you to take them into arbitration to collect (you'll find every aftermarket warranty precludes a lawsuit, and requires binding arbitration to settle disputes.)
You have the knowledge if you're a lucky guy or not, and how much better you'd sleep if you weren't worrying about your Cayenne self-destructing.
Sometimes you win - more often you'll lose the bet, otherwise the insurance company would be out of business. But - sleeping well at night can't be overvalued.. so.. your call, but in this case - I - would make the bet.
#7
i'd take that deal. What is the aftermarket warranty company they are recommending?
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#8
Advanced
My 2011 CS CPO
When I purchased my CS CPO, Porsche offered an extended warranty and I bit the bullet and purchased the extended warranty. I have owned my CS for nine months and had my P!G taken in for warranty work already. It was a small item, the drivers side AC Fan switch was not working correctly and everything was covered. Took them a couple of days so I had a Cayenne loaner to use. The small items do add up and I do sleep more soundly.
#9
Hello,
The CPO is about to expire (in Nov.) on my 2011 Cayenne S. I purchased the car with low mileage which is now approaching 55,000 miles. Over the last almost 2 years and 24000 miles I have had only two issues and both were taken care of via CPO. I had a front light unit replaced due to a bad PDLS and I had coolant lines replaced. Also as soon as Porsche has the parts and sends them to the Dealers I will also be bring it in for the "recall" that I received notice of to replace fastening screws on the Camshaft Controllers (this affects 2011 Cayenne S and 2011 Cayenne Turbos).
So my question is: My dealer offered me a 3 years 36,000 mile after market warranty for $3,600 when my CPO expires. I am thinking of going for it for because it seems to cover almost everything a CPO does.
Moving forward I plan on keeping the Cayenne which was my DD. It will now be my Winter Vehicle and used for trips to Home Depot seeing that I just bought another Porsche as my DD.
Should I purchase this warranty as insurance or will the Cayenne age gracefully moving forward with out too many issues?
Thank you in advance,
Cay911
The CPO is about to expire (in Nov.) on my 2011 Cayenne S. I purchased the car with low mileage which is now approaching 55,000 miles. Over the last almost 2 years and 24000 miles I have had only two issues and both were taken care of via CPO. I had a front light unit replaced due to a bad PDLS and I had coolant lines replaced. Also as soon as Porsche has the parts and sends them to the Dealers I will also be bring it in for the "recall" that I received notice of to replace fastening screws on the Camshaft Controllers (this affects 2011 Cayenne S and 2011 Cayenne Turbos).
So my question is: My dealer offered me a 3 years 36,000 mile after market warranty for $3,600 when my CPO expires. I am thinking of going for it for because it seems to cover almost everything a CPO does.
Moving forward I plan on keeping the Cayenne which was my DD. It will now be my Winter Vehicle and used for trips to Home Depot seeing that I just bought another Porsche as my DD.
Should I purchase this warranty as insurance or will the Cayenne age gracefully moving forward with out too many issues?
Thank you in advance,
Cay911
How did the warranty turn out? What name is it?
Did you have to go thru a dealership, or did you call them up independently?
Do you have contact information for the warranty company?
#10
If it helps, here is the CNA warranty costs if purchased through my BMW dealer.....
Here are the prices (assuming 35,000 miles currently on your BMW) for the CNA warranty with $0 deductible, $100 deductible and $200 deductible. Remember, we are taking $400 off all those prices for the month of December.
Mechanical Advantage Care
3 years or 70,000 total miles $2503.00 $0 per visit
3 years or 70,000 total miles $2433.00 $100 per visit
3 years or 70,000 total miles $2242.00 $200 per visit
4 years or 80,000 total miles $2811.00 $0 per visit
4 years or 80,000 total miles $2721.00 $100 per visit
4 years or 80,000 total miles $2478.00 $200 per visit
5 years or 90,000 total miles $3336.00 $0 per visit
5 years or 90,000 total miles $3212.00 $100 per visit
5 years or 90,000 total miles $2879.00 $200 per visit
Here are the prices (assuming 35,000 miles currently on your BMW) for the CNA warranty with $0 deductible, $100 deductible and $200 deductible. Remember, we are taking $400 off all those prices for the month of December.
Mechanical Advantage Care
3 years or 70,000 total miles $2503.00 $0 per visit
3 years or 70,000 total miles $2433.00 $100 per visit
3 years or 70,000 total miles $2242.00 $200 per visit
4 years or 80,000 total miles $2811.00 $0 per visit
4 years or 80,000 total miles $2721.00 $100 per visit
4 years or 80,000 total miles $2478.00 $200 per visit
5 years or 90,000 total miles $3336.00 $0 per visit
5 years or 90,000 total miles $3212.00 $100 per visit
5 years or 90,000 total miles $2879.00 $200 per visit
#11
If it helps, here is the CNA warranty costs if purchased through my BMW dealer.....
Here are the prices (assuming 35,000 miles currently on your BMW) for the CNA warranty with $0 deductible, $100 deductible and $200 deductible. Remember, we are taking $400 off all those prices for the month of December.
Mechanical Advantage Care
3 years or 70,000 total miles $2503.00 $0 per visit
3 years or 70,000 total miles $2433.00 $100 per visit
3 years or 70,000 total miles $2242.00 $200 per visit
4 years or 80,000 total miles $2811.00 $0 per visit
4 years or 80,000 total miles $2721.00 $100 per visit
4 years or 80,000 total miles $2478.00 $200 per visit
5 years or 90,000 total miles $3336.00 $0 per visit
5 years or 90,000 total miles $3212.00 $100 per visit
5 years or 90,000 total miles $2879.00 $200 per visit
Here are the prices (assuming 35,000 miles currently on your BMW) for the CNA warranty with $0 deductible, $100 deductible and $200 deductible. Remember, we are taking $400 off all those prices for the month of December.
Mechanical Advantage Care
3 years or 70,000 total miles $2503.00 $0 per visit
3 years or 70,000 total miles $2433.00 $100 per visit
3 years or 70,000 total miles $2242.00 $200 per visit
4 years or 80,000 total miles $2811.00 $0 per visit
4 years or 80,000 total miles $2721.00 $100 per visit
4 years or 80,000 total miles $2478.00 $200 per visit
5 years or 90,000 total miles $3336.00 $0 per visit
5 years or 90,000 total miles $3212.00 $100 per visit
5 years or 90,000 total miles $2879.00 $200 per visit
I thought we were talking about Cayenne warranties?
And what is CNA?
#12
CNA is an aftermarket warranty company. Both my local BMW dealership and Porsche dealer use them. CNA sells both wholesale to dealers and retail. BMW pricing is provided as an illustration.