Just bought 2.7 Boxter - quick question re Warranty Direct
Discussion
Hi,
I've just bagged an 02 2.7 Boxster. 95,000 miles, paid £5,900 from non OPC dealer. Been checked by specialist and all OK. Dealer says it comes with free 3 month dealer warranty and I'm familiar with the Sale of Goods Act however I'm concerned that if I 'drive it like I stole it' - or even if I don't - it may just lunch the engine / IMS etc leaving your truly with a £6,000 bill.
So...
Warranty Direct quote £945 a year for full warranty up to £5,900 including wear and tear items like clutch etc. Seems too good to be true. I do have a 40% liability on parts but even then it seems relativley inexpenive if I awake to a worthless Porker.
What do you think, my Porcine chums? Will they really pay out £5,000 on a 1k policy or are they small-print merchants?
I've just bagged an 02 2.7 Boxster. 95,000 miles, paid £5,900 from non OPC dealer. Been checked by specialist and all OK. Dealer says it comes with free 3 month dealer warranty and I'm familiar with the Sale of Goods Act however I'm concerned that if I 'drive it like I stole it' - or even if I don't - it may just lunch the engine / IMS etc leaving your truly with a £6,000 bill.
So...
Warranty Direct quote £945 a year for full warranty up to £5,900 including wear and tear items like clutch etc. Seems too good to be true. I do have a 40% liability on parts but even then it seems relativley inexpenive if I awake to a worthless Porker.
What do you think, my Porcine chums? Will they really pay out £5,000 on a 1k policy or are they small-print merchants?
Well regular car insurance companies often pay out far in excess of the premium. If you write your Boxster off your car insurance company will pay you considerably more than you paid them.
Third-party warranty policies are insurance contracts anyway, they work on the same principal that X number of people paying Y and never making a claim subsidise the Z that do.
That doesn't really help you with Warranty Direct though obviously. My gut feeling is that there will be all sorts of small print on any of these policies to be honest.
Third-party warranty policies are insurance contracts anyway, they work on the same principal that X number of people paying Y and never making a claim subsidise the Z that do.
That doesn't really help you with Warranty Direct though obviously. My gut feeling is that there will be all sorts of small print on any of these policies to be honest.
My experience of 3rd party warranties is they'll put as many obstacles in front of you as possible...
e.g. It's wear and tear at that mileage, It's a design fault, it was faulty before you took it out. you drove it for 10s after it failed and made it worse, 5 years ago, one of the services was late by 2 days.
And even if they agree to fix it, you will need to wait for their engineer to inspect it, there'll be an upper cost limit and there'll be a labour limit of x per hour.
e.g. It's wear and tear at that mileage, It's a design fault, it was faulty before you took it out. you drove it for 10s after it failed and made it worse, 5 years ago, one of the services was late by 2 days.
And even if they agree to fix it, you will need to wait for their engineer to inspect it, there'll be an upper cost limit and there'll be a labour limit of x per hour.
These warranty companies will only fix a fault when it actually fails.
A noisy wheel bearing won't be fixed until it pops (which doesn't happen often, but you get my drift).
Just try and get them to replace a front rad that's failed due to corrosion under your 'wear and tear' warranty...
A noisy wheel bearing won't be fixed until it pops (which doesn't happen often, but you get my drift).
Just try and get them to replace a front rad that's failed due to corrosion under your 'wear and tear' warranty...
DickusMaximus said:
Hi,
I've just bagged an 02 2.7 Boxster. 95,000 miles, paid £5,900 from non OPC dealer. Been checked by specialist and all OK. Dealer says it comes with free 3 month dealer warranty and I'm familiar with the Sale of Goods Act however I'm concerned that if I 'drive it like I stole it' - or even if I don't - it may just lunch the engine / IMS etc leaving your truly with a £6,000 bill.
So...
Warranty Direct quote £945 a year for full warranty up to £5,900 including wear and tear items like clutch etc. Seems too good to be true. I do have a 40% liability on parts but even then it seems relativley inexpenive if I awake to a worthless Porker.
What do you think, my Porcine chums? Will they really pay out £5,000 on a 1k policy or are they small-print merchants?
David,I've just bagged an 02 2.7 Boxster. 95,000 miles, paid £5,900 from non OPC dealer. Been checked by specialist and all OK. Dealer says it comes with free 3 month dealer warranty and I'm familiar with the Sale of Goods Act however I'm concerned that if I 'drive it like I stole it' - or even if I don't - it may just lunch the engine / IMS etc leaving your truly with a £6,000 bill.
So...
Warranty Direct quote £945 a year for full warranty up to £5,900 including wear and tear items like clutch etc. Seems too good to be true. I do have a 40% liability on parts but even then it seems relativley inexpenive if I awake to a worthless Porker.
What do you think, my Porcine chums? Will they really pay out £5,000 on a 1k policy or are they small-print merchants?
Congts on the car.
What I would say is that on major items, such as gearbox or engine, they do take a different approach. We have had incidents where gearbox was screwed, but the warranty company wanted to use a non porsche specialist
to get the repair done. In other words, fix it until hopefully the warranty is not renewed. Don't know your circumstances but given the value of the car, 1k a year seems like a large percentage to the car value but that is just my opinion.
Ken @ Nineexcellence
Thank you very much for your replies.
I'm not too worried about wear-and-tear bills (although a clutch at £700 would be useful esp. with the RMS and IMS done a the same time). I'm only really fussed about a catastrophic failure rendering the car effectively worthless. Therefore, if their inspection is OK and the engine needs replacing I think they should pay up - more a question of does this firm have a rep for not doing so I guess.
Looking on review sites, it does seem there may be an issue on service history viz mine has all the stamps but no supporting docs and this may be a stumbling block in the event of a repair.
I'm not too worried about wear-and-tear bills (although a clutch at £700 would be useful esp. with the RMS and IMS done a the same time). I'm only really fussed about a catastrophic failure rendering the car effectively worthless. Therefore, if their inspection is OK and the engine needs replacing I think they should pay up - more a question of does this firm have a rep for not doing so I guess.
Looking on review sites, it does seem there may be an issue on service history viz mine has all the stamps but no supporting docs and this may be a stumbling block in the event of a repair.
Edited by DickusMaximus on Thursday 29th September 17:10
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