Extended Warranties Update 2017

I would like to get some feedback on recent experiences with adding an extended warranty. I have a 2010 Boxster S we bought under CPO in January 2015. Our CPO expires on Jan 4, 2017 (a few days from now!). We now have 52k miles on the Boxster , and that seems to make it much more difficult to get a reasonable 3rd party warranty. I've been getting discouraging quotes: From Rusnak Porsche a Fidelity plan $5000 for 2 Years/24K miles From EasyCare $9000+ for 3yr/36k miles (they seem the best reviewed) From Logix as agent for Mercury $9400 for 4yr/48 Months (Mercury seems the worst in reviews) Mercury direct: no longer sells for used cars as of late 2014 per agent they use in LA. Costco: no longer offers new plans for used cars. The Porsche dealer was offering a Wells Fargo plan when we bought the car with 32k miles of 6 years/72k miles for $3200. In retrospect, I should have taken that. I do recall from the BMW M5 forums, members were able to get more reasonable coverages from cars that did not have super low mileage. All the prior threads on this subject are at least 2-3 years old. The field of companies offering these coverages seems to have changed. So I am looking for info and opinions on recent experiences. At these prices, it seems wiser to simply self-insure. For example, in a 987.2 without IMS issues, it seems I'm not at risk for catastrophic failure. Also have the manual trans, so no PDK issues. We use a good independent mechanic that has reasonable prices and advises us well on parts. The dealer prices are from some fictional land. Who pays I can't imagine that my non-routine costs will exceed pr approach $5k in two years or $9k in 4 years.

LOL @ a near $10,000 for a 7 yr old car.. dude, no offese (and I really mean it)... "Own what you can afford to repair, maintain and replace.. not just purchase,..." If a person has to pay $10,000 just to sleep better a night , on a WANT and not a NEED, then you are doing it wrong and need to invest in a different automobile. not saying everyone who buy one of these should be able to write a $10,000 repair check day in day out... but the buyer can't afford to put away $10,000 for catastrophic repair, then the buyer shouldn't be buying this kind of car... Also, a member recently bought a new 781 Boxter S, fully loaded for nearly $100,000 here... now if that buyer wants to protect his $100,000 more a 10% charge.. it makes border line sense... but a 7 yr old boxter??? Doesnt that $9400 represent 1/3rd (or close to it anyways) of total value of Said 2010 Boxter S... How familiar are you with these cars in particular and others in general? Do you DIY? Do you feel comfortable with tackling small issues? There isn't a whole lot that goes wrong with these cars. If I was in the market for a 2010 Boxter S , and the finance manager offered me a $9400 extended warranty, I would laugh out loud and walk out. Talk to your accountant.. see if he thinks its a viable investment.. I am baffled by the mere contemplation.. again, nothing personal.. just my 2 cents

The day before my 4 year factory warranty expired, I bought a 5 year Easy Care policy for about $2600. Money well spent in my opinion. At $9000, I'd do a serious double take.

Dude, wow, you are so over the top offensive I can hardly respond. Please stop taking your projections of superiority and step off down the road. Did I say I was putting $10k into a warranty? No. That is absurd. If you want to take a breath and act civil, read on. I do not DIY. I don't have the hours to put into that. Moved past that phase in my life. When younger, one has more time than money. When older, it is reversed. That said, I've owned a couple of air cooled 911 's back in the day, and all manner of go-fast cars since then. I know a lot about these cars, 911 's, and others. I reread my post just to be sure. I gave no indication that I was contemplating paying such amounts as $9k. Rereading your flame above, I'm not even going to continue. I'm looking for some input on members experiences with reasonably priced extended warranties. Desmotesta, please take your superior knowledge of DIY practices and you keen financial sense and entertain someone else and stay off my thread.

When I bought my 2014 Cayenne diesel in December 2013 I purchased an additional warranty - up to 6 years and 160k km. During that period I developed an engine oil leak that cost way more to fix than the $3500 for the warranty. I also had the dash clock replaced under the warranty. When the diesel business hit Porsche extended my warranty to 200K km or 8 years (since I had purchased the other warranty that they were giving out). At 195k km I developed another oil leak that would have cost me over $10K to have fixed. This was repaired with no questions asked. So my only comment is - if you need an extended warranty buy it from Porsche if it is available. Now, having said that, the car was new when I bought the warranty, and it represented <5% of the selling price. So, in my mind, it wasn't a bad investment. Not sure, though, if I would buy one on a several year old car. I might be more inclined to just put some money aside for eventual repairs.

I purchased a 2013 911 Carrera S last May with 42,000 miles on it and the warranty ends this coming May or in about 3,000 miles. I've been going around and around if it's worth it to buy an extended warranty. I have had a couple of warranty issues with it since buying it, but they were minor and I don't expect them to reappear. Overall the car is pretty reliable, and side from a catastrophic engine or PDK failure, I don't see how any repairs would cost as much as the warranty. Do I think I would spend $3,000+ / year on warranty repairs - not really, but I like having the peace of mind knowing I'm covered. One of those age-old dilemmas I guess. Sent from my iPhone using Tapatalk

Since you have owned the car for 2 years, you know the mechanical condition of it. It there anything about the car that makes you uncertain of it's reliability? It is highly unlikely that you will have any major component failure in a 7 year old car with 52000 miles. Aftermarket warranties are only going to cover major components, it's not a bumper to bumper plan. I wouldn't even consider buying a warranty on the car; regardless of make.

I think when it comes to repairs and extended warranties, it is all a gamble. Sometimes you win, and most of the time the house wins. I purchased my Cayman as a CPO and it started to have an oil leak 2 months prior to the CPO warranty ended. Now I'm out of warranty, but I'm still having the same symptoms. The dealer, in hindsight, believes the problem existed since my first oil leak was discovered as the replacement of the AOS (twice) was only a band-aid to the problem. I am awaiting to see what will Porsche do next . If I had to do it all over again, would I purchase extended warranty on a CPO. Most likely since I do know how well the previous owner's took care of the car...at least for my current situation. Would I buy CPO again after my bad experience? Probably not, unless it is less than 10k miles with 2 years or less old car.

From your post it seems you have not had serious issues with the car. What makes you think you will benefit from extended warranty? The numbers you mention are crazy. In your place I would just drive the car and enjoy it. Also as Brian mentioned - this is not bumper to bumper warranty and catastrophic failures are not that common. The cost just does not justify it. I'd say maintain well, do not abuse and enjoy it.

Its one of the most reliable Porsches ever built, I wouldn't bother with any further aftermarket warranties. If anything, find a good independent within Uber range and have a second or third vehicle.