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
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.
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.