Porsche extended warranty decision
Discussion
Koln-RS said:
Few thoughts:
The Official Porsche Warranty seems to be highly regarded in terms of cost/value, level of cover, and claims efficiency. So, if you are going to have a Warranty, it’s the one to have.
If you have a £50k+ (When new) Porsche then, with each year of age, the potential for a claim inevitably increases - and the more miles you do, again, the greater the risk.
If you ever wish to sell the car ‘privately’, then the inclusion of a transferrable/extendable Porsche Warranty is a big positive ‘peace of mind’ for any private buyer. It can add almost the cost of the Warranty to the value.
Absolutely spot on, I have a 987 S and it has cost me around 1250 for two years warranty, that has to be a no brainer, When it came to the MOT it needed some part, which was fitted and paid for by the warranty, also of course if you keep it in warranty, each year or two at inspection required parts are fitted all as part of the warranty. I cannot fathom anyone not taking this option, I once on a previous boxster had a full steering rack replaced at mot. All covered ! What more can one say.The Official Porsche Warranty seems to be highly regarded in terms of cost/value, level of cover, and claims efficiency. So, if you are going to have a Warranty, it’s the one to have.
If you have a £50k+ (When new) Porsche then, with each year of age, the potential for a claim inevitably increases - and the more miles you do, again, the greater the risk.
If you ever wish to sell the car ‘privately’, then the inclusion of a transferrable/extendable Porsche Warranty is a big positive ‘peace of mind’ for any private buyer. It can add almost the cost of the Warranty to the value.
SV_WDC said:
How many people buy privately these days though?
Lots of indies sell their cars with warranties included.
Potential thing to consider - OPC work vs some indies can look very pricey. In this respect it can make a warranty look like superb value, but when not running a warranty wonder how many people go elsewhere to not pay OPC prices
Guess like most people the decision to warranty is going to be based on the attitude to risk, only that person can say whether it is worth it.
Independent warranty co's don't have the best reputation, did you see the M5 thread ? Absolutely shocking what they tried to pull there, complete scammers...Lots of indies sell their cars with warranties included.
Potential thing to consider - OPC work vs some indies can look very pricey. In this respect it can make a warranty look like superb value, but when not running a warranty wonder how many people go elsewhere to not pay OPC prices
Guess like most people the decision to warranty is going to be based on the attitude to risk, only that person can say whether it is worth it.
SV_WDC said:
How many people buy privately these days though?
Lots of indies sell their cars with warranties included.
Potential thing to consider - OPC work vs some indies can look very pricey. In this respect it can make a warranty look like superb value, but when not running a warranty wonder how many people go elsewhere to not pay OPC prices
Guess like most people the decision to warranty is going to be based on the attitude to risk, only that person can say whether it is worth it.
I service at Indies, £700 difference in a major service for a 2.0 Macan with parts from Porsche......what a joke. Car currently has Porsche warranty but I'll either run without warranty to use warrantywise, a number of friend use WW and don't have issues. Schmed is referring to WarrantyDirect who were horrid in the case of that M5. Lots of indies sell their cars with warranties included.
Potential thing to consider - OPC work vs some indies can look very pricey. In this respect it can make a warranty look like superb value, but when not running a warranty wonder how many people go elsewhere to not pay OPC prices
Guess like most people the decision to warranty is going to be based on the attitude to risk, only that person can say whether it is worth it.
I just refuse to pay £1200 for an oil, filter and 4 plugs etc on a 2.0 Audi engine.
I'd probably be happier buying a car which has been looked after by a good indy, such as RPM, than from an OPC but I guess in the mainstream a Porsche stamped book will mean a higher resale price. So there may be a cost using cheaper indy servicing when you come to sell. If you plan to keep forever someone like RPM is the way to go for peace of mind they're doing things correctly. And I speak from experience of a terrible OPC major service.
Schmed said:
SV_WDC said:
How many people buy privately these days though?
Lots of indies sell their cars with warranties included.
Potential thing to consider - OPC work vs some indies can look very pricey. In this respect it can make a warranty look like superb value, but when not running a warranty wonder how many people go elsewhere to not pay OPC prices
Guess like most people the decision to warranty is going to be based on the attitude to risk, only that person can say whether it is worth it.
Independent warranty co's don't have the best reputation, did you see the M5 thread ? Absolutely shocking what they tried to pull there, complete scammers...Lots of indies sell their cars with warranties included.
Potential thing to consider - OPC work vs some indies can look very pricey. In this respect it can make a warranty look like superb value, but when not running a warranty wonder how many people go elsewhere to not pay OPC prices
Guess like most people the decision to warranty is going to be based on the attitude to risk, only that person can say whether it is worth it.
DJMC said:
I'd probably be happier buying a car which has been looked after by a good indy, such as RPM, than from an OPC but I guess in the mainstream a Porsche stamped book will mean a higher resale price. So there may be a cost using cheaper indy servicing when you come to sell. If you plan to keep forever someone like RPM is the way to go for peace of mind they're doing things correctly. And I speak from experience of a terrible OPC major service.
Think it goes back to the adage of 'buy on condition'.Roof down said:
Absolutely spot on, I have a 987 S and it has cost me around 1250 for two years warranty, that has to be a no brainer, When it came to the MOT it needed some part, which was fitted and paid for by the warranty, also of course if you keep it in warranty, each year or two at inspection required parts are fitted all as part of the warranty. I cannot fathom anyone not taking this option, I once on a previous boxster had a full steering rack replaced at mot. All covered ! What more can one say.
I had 5 years of extended warranty on my 987 R - 2 x 2 years and 1 x 1 year. Cost around £3100. Then add in 2 x 111 point inspection (about £200 if done at the same time as MoT. So £3300 in at this point. At one of the 111 point inspections they said the battery wasn't good enough to pass (despite it starting absolutley perfectly every time and never having an issue) and said to extend warranty that I'd need a Porsche one at £260 (or about £160 more than a better Bosch battery). They then wanted £160 to fit aforementioned battery - I told them I'd be up on my lunch hour to fit it myself as they were taking the mick. Oddly it was then fitted free. Next 111 point inspection they told me I needed brake pads for it to pass and fleeced me for those (for various reasons I didn't have time to take the car away and change them myself). The warranty also means I've had to fit more expensive wipers, worse tyres and worse brake components etc...So the extended warranty over 5 years cost me at least £3.5k in real terms, possibly more. And it paid out on one minor fault that any garage could have fixed for about £200. I'm generally a risk averse person when it comes to finances, but from now on I'm keeping money aside for any big bills and enjoying being able to do things like fit different brake components, a decent battery and so on. The warranty can be good, but a no brainer it isn't. Just my opinion obviously, but I'm sure my exerience isn't unique.
Now, I could have had a major failure, but I have not extended it this time and will save the money instead. The extended warranty could pay big, but
Schmed said:
churchie2856 said:
What is the going price for a new PDK box fitted at OPC?
A few years ago now, but my new 'box replacement under warranty was just over £12,000 all in.I'm sure you could get someone to do the work to change it for less than a grand.
I bought my BGTS in April 17 from an OPC when it was about 2.5 years old. It thus came with the balance of the factory warranty and another 2 years extended warranty taking the cover out to October 2019. I chose to extend the warranty and it's now covered to Oct 2021.
Every now and then the PCM would spontaneously reboot, usually at the beginning of a drive. It didn't do it every drive and I couldn't force it happen - the worst kind of fault. Nothing was found amiss at the OPC's pre-warranty extension inspection but they suggested a video of the fault would help them help me. Then in early December it chose to reboot about every 75 seconds during the course of a 2 hour drive. Rather annoying. Took a 2 minute video on my phone. The fault then went into hibernation again for the drive home. Fab. Brought it to the OPC in early Jan and on the strength of the video and my previous complaints about the rebooting they replaced the PCM. Proforma invoice suggests a cost of over £1500 which has covered the 2 year extension cost.
This is just one data point that justifies taking out the extension; there are obviously many who never claim on the warranty or don't have the warranty and have had no issues. On a car with the repair expense and complexity of the BGTS I like the idea of bringing a car with a fault to the OPC and the onus is on them to make a successful repair, regardless of time, expense and failed attempts.
I find that the supposedly vaunted German engineering to be let down by the accountants who have screwed down the build and supplier costs so that for the proverbial want of a nail the war is lost.
Every now and then the PCM would spontaneously reboot, usually at the beginning of a drive. It didn't do it every drive and I couldn't force it happen - the worst kind of fault. Nothing was found amiss at the OPC's pre-warranty extension inspection but they suggested a video of the fault would help them help me. Then in early December it chose to reboot about every 75 seconds during the course of a 2 hour drive. Rather annoying. Took a 2 minute video on my phone. The fault then went into hibernation again for the drive home. Fab. Brought it to the OPC in early Jan and on the strength of the video and my previous complaints about the rebooting they replaced the PCM. Proforma invoice suggests a cost of over £1500 which has covered the 2 year extension cost.
This is just one data point that justifies taking out the extension; there are obviously many who never claim on the warranty or don't have the warranty and have had no issues. On a car with the repair expense and complexity of the BGTS I like the idea of bringing a car with a fault to the OPC and the onus is on them to make a successful repair, regardless of time, expense and failed attempts.
I find that the supposedly vaunted German engineering to be let down by the accountants who have screwed down the build and supplier costs so that for the proverbial want of a nail the war is lost.
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