2000 996 : The World of Extended Warranty

First post, so hello to everyone. I just bought a 2000 996 cab, 10450 miles, looks and drives brand new. Lapis Blue and Savannah Beige, having sold my S2000. (for later discussion) Having read some of your (horror) posts, I decided to check out the world of extended warranty. I have ( so far ) spoken with three insurers, as Porsche dealer will not provide. The recommendations came from my Insurance Agent. I firstly spoke with " Warranty Direct " who won't insure in Florida ! (Too complex, they said) I next spoke with " 1Auto Source Warrant" who will not insure ANY 2000 996 ! Finally, I spoke with "Certified Car Care" who is willing to provide 3 years "Platinum Coverage" for $4750.00. Each of these companies can be found online. Should I buy ? Anyone have suggestions or recommendations for other companies (who pay! ) Much thanks.

Welcome to the funhouse! We've kicked this around a lot. $4750 is a lot of scratch. An RMS repair is around $800...Most of what you'll spend your money on is likely to be wear and tear, and not covered. Assume you did not buy from a dealer...otherwise you'd have Porsche warranty offered. You need to post pix of your ride.

I've found that many of these indi providers will have problems paying up and can make owning the car a living hell.... I would highly recommend speaking to someone at your dealership who can sell you a contract, they usually can recommend those who will pay on the spot since they're used-to dealing with them on a daily basis..... Good Luck and welcome! NOW POST THOSE PICS!!!!! -Eli

I got the two year/24k warranty from the dealer (Porsche of Huntington,NY) when I bought my 99 Cab. I just looked at the list of items covered, it is alot shorter than the list of what isn't covered! Such is life!

2 yr Porsche certification is about $2500 w zero deductible. $4.5k for 3 yrs is crazy. Unless your ride needs a new engine or tranny, you'll probly take a loss. RMS is about $800 so figure you get one each year you are still ahead. I'd stach the dough and let it grow.

Exactly. They dont even cover a lot of stuff. I wouldnt touch an extended warranty.

First of all, Welcome to the Porsche Phunny Pharm! Second - congrats on purchasing your P-car! Third - A 3 year warranty for $4,750?... ARE YOU NUTS ?!? Sorry, did I say that out loud?.. what I MEANT to say was, "IMO, you should pass on that warranty." Forth - Post pics... pics... and more pics, because we LOVE pics!

The price of the CPO Limited Warranty is $1549.00.

$4750...hell no I say buy a supercharger and drive it like the way its meant to be driven. I also own a lapis blue/savanah beige coupe...looks like we have the same taste. white or red wine? fat or skinny women...LOL POST SOME PICS.... and welocme aboard

I insured a 1999 C2 Cab in South Florida with Royal Administration (Lydon Insurance Co.) for 2 years at $2,200 in 2004. They've covered everything (Water pump fail, coolant expansion tank, cam cover leak, and most recently a new engine for ring failure). They've paid promptly but only pay labor to $86 per hour. I got their insurance when I bought the car from a sportscar dealership in Miami (right around the corner from The Collection(porsche dealer) off US1)...It was a one owner car, completely serviced by the collection and it still made sense to me at $2,200 for 2 years. After getting a new engine, I would say it has paid for itself handsomely...

Thanks John That sounds alot more reasonable. Would you please be kind enough to let me have their contact information. Many thanks

My factory warranty expired yesterday. I just bought a 4 year 48k mile (Gold Plus) warranty from my local dealer for $2,800. It's through JM&A Group/Fidelity out of Deerfield Beach, FL., apparently this is the company that Porsche, Audi, and VW farm out their factory warranty's to.

Chris-what was the name of that dealership as I am in the market for a 99/00 996. Has anyone heard of Service Contract Direct?

I have had two extended warranties in my life and both paid off....I did not pay close to THAT much though! What I have found is that the key is that you can provide service receipts (even if you did it yourself) for all maintenance at the recommended intervals. On both cars, once I provided that, all I had to pay was a $50 deductable and tax on parts. One time a turbo was replaced and the other car lost its tranny with about 1k left on the warranty! Both were fully covered without grief (after providing service records, which again, was receipts and a logbook of what and when I did it). My GT3 came with an aftermarket 2/100K warranty. I hope to God that I don't have to test it though. lol. The amount you got quoted seems really high to me. Like the others said, I would probably just bank that money and let it work for me. But each must make his own decision I guess. Good luck.

This is who I have and paid less, but bought it from a friend who sold it to me at list. Trust me, there is a LOT of margin on these plans. I've used this plan twice. I take my car to Tyson's Porsche and they honor the terms. I think I have a $100 deductible 48K Gold Plus. Highly recommended. For a bit less than $2k I have peace of mind should something really break...

NO JOHN, DON'T DO IT UNTIL WE GET AT LEAST ONE PIC....

Can your friend sell anywhere and does your current warranty have to be up? I have a 03 911.

I bought one and it went under taking my $1400 down the drain... Make sure it's not some outfit that will go under.

That sucks. And some don't pay their claims anyway. Did you ever deal with getting money from a insurance Co, cause that's what they are. They are in the business to collect, not pay out, and that is what makes me hesitate.

I would have a "rainy day" porsche fund. Pay the $4750 to yourself into an investment account that is for warranty type repairs ONLY. You can approve everything and the odds that you would spend that completely in the "warranty" pariod is extremely low. Why do you think Vegas is rolling in $$$. The house ALWAYS wins. There is the occasional winner that leaves with more than they spent, but rare.

I've easily gone through $2,800 worth of repairs on my factory warranty in the first four years (3 RMS, new PCM, MAF, a new wood piece, and some other minor stuff). What will happen in the next four years? To me it's worth the $$ for another four years of care free driving. I thought about just putting the money aside and investing it, but then you have to liquidate, tax implications, etc. I'd rather just pay and play.

Most of the aftermarket INS co's will not replace seals (RMS), trim pieces, radios (PCM), wear items (MAF), etc. The main reason to have it is for major failure (engine and tranny).

Even the basic level covers seals, believe me I checked that. The gold plus also covers everything else that's failed except the trim piece (which actually I was the one who broke it ). It even includes the convertible top mechanisms. To each his own, I just went through the thought processes and decided I'll enjoy my car more (hence drive it more) if I know it's still covered.

Looks like a case of "The House" loosing....

The house AND the gambler! OUCH!

Neil, I'll check with him to see. It is the same policy company that many car manufacturer's use, so I'm not scared about my money and policy disappearing. BTW they covered (most) of the expenses of replacing a leaky engine seal (not RMS). To get the best rate you'll want to purchase the policy before your standard policy expires. I bought my policy at almost the last moment. I'm happy with the policy. I didn't get an extended warranty on my last sports car (Corvette) and the engine went "poof" less than 1000 miles after my warranty expired. That was an expensive lesson... about 3-4x the price of this policy.

Chronos, I remember when your engine first sprung a leak. Glad to hear it wasn't the RMS.

Here's a link to a company I'm familiar with. I know a dealership that will sell these contracts on any car that still has factory warranty on it - and they do cover seals, gaskets, and wear & tear. PM me if you're interested... http://www.universalunderwriters.com/uug/consumer.nsf/d4e740013bafa31885256c6a005f098a/acc9faf1a8d8a2b385256eac006f9b95!OpenDocument different link - http://www.universalunderwriters.com/uug/consumer.nsf

This is good to know as I too have this warranty. Have not had the misfortune to put it in use yet, knock on wood, but it is good to know that they are somewhat reputable.

An EASYCARE.com coverage came with my purchase of a 2000 Carerra. Nice people, only they don't pay but about 30% of what is needed. Had a small leak from the transmission pan seal. After the $200 deposit, they agreed to pay $86 of a $482 repair. I'm waiting until it really becomes a problem. I vote for self-insuring. Pack it into a money fund or even the INGdirect.com and let the thing compound. You'll be happier knowing that you approve all "claims." Unless it comes from the factory, it is only insurance and not a warranty. Good luck with it!

305 Speed Sorry I took so long to reply (haven't read rennlist in awhile) but I found my car at Sanfer Sportscars. They're ok, but I wouldn't rave about them. Quite a few nice cars of all types there and they will deal. Good thing I bought the warranty...I would guess about $15,000 worth of repairs including engine replacement purchased for $2k a year ago. Just make sure to archive all maintainece records. Be smart...Get a leakdown on any 996 car you're considering buying secondhand. I had The Collection do the PPI but didn't specifically request a leakdown which would have shown a failing engine before I bought it...in the end, I love having the new engine, but in reality the engine failure in the warranty period was the luck of the draw. Some may not think its a good protection to buy, but unike Vegas the House does not always win when it comes to car warranties. But then again, I win when I go to Vegas too!