Chedman13

I just bought a 2014 Porsche Panamera Turbo Executive and the 4 year, 48,000 miles factory Porsche Protection Plan (extended warranty, direct from Porsche) is:

3-year/36,000 miles: $6,539 with $250/deductible Platinum Coverage
4-year/48,000 miles: $7,142 with $250/deductible Platinum Coverage

http://www.porsche.com/usa/accessori...rotectionplan/

SafeGuard, their aftermarket warranty provider was not willing to quote on it. I read somewhere online that Panamera's outside the warranty period, there are very few aftermarket warranty providers that will offer extended warranties.

I tried to negotiate and did not succeed, and ended up purchasing the 4-year/48,000 mile for $7,142 and $250/deductible (no choice for less on my car, even though I see they have $100/deductible).

To give a little insight, my car has all the service up-to-date, but has 54,000 miles on it.

I have 30 days to cancel and get my money if I wanted to.

I assume the dealership had a large markup, but wanting to see what people though overall. I couldn't even get $100 off - but I'm seeing online that people are buying these for $5k-$6k. Sometimes even $2-3k, but I'm not sure what is apples-to-apples and apples-to-oranges.

4 years at $7,142 is $1,785.50 per year of coverage.

Overall, I went with it because I want the piece of mind in case a turbo goes out, transmission, etc... and the per year cost makes sense to me.

I am posting so others get some transparency so they know what to expect if they run into my situation, and also if someone has any insight.

I've negotiated Mercedes-Benz Factory Extended Warranty's down by 20% with some effort, so seeing what type of real wiggle room there is with the Porsche warranties.

Questions:
1) What are your overall thoughts, as I am relatively new to Porsche ownership.
2) Can I cancel this and purchase this from another dealer with the VIN and save some money?
3) What is the actual mark-up on these? What would have been a good price for this warranty?

The only other pricing I could find online was:
6 years or 75K miles $4385
6 years or 100K miles $6192
7 years or 85K miles$6232
7 years or 100K miles $6796
8 years or 100K miles $7628

All with $250 deductible offered directly through Porsche for new 2016 Porsche Panamera Edition.

HD2pct

If you are new to Porsche ownership I would say that you had good instincts here. It is easy for one thing to break and you walk out of there $3-4k lighter in your wallet. If you like your car and want to keep it for a while, you will likely be a happy camper, as these things will happen. Not sure how many miles you have on your car but that also makes a diff on ext warranty pricing

My Panamera e-Hybrid was CPO but if not I would have sprung for a warranty, especially given all the "normal" complexity and then with electrics added on.

Now enjoy your car and sleep soundly at night.

squawbum

My mom just got a Panamera S, 2013. It is CPO til 2019, but then got an extended warranty to kick in when the CPO expires. It is a Delta Auto Protect Diamond Premier and the dealer says that its a good one so she decided to keep it. She wont know how good it is until it goes into effect, but once the CPO expires, it will provide 5 years or an additional 60K miles from the CPO expiration. It cost 2890.

Hope that helps.

Chedman13

Thanks for sharing, the more information on this thread, the better for future Panamera warranty buyers.