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YOUR RESEARCHI bought 5yr/60,000 Extended warranty
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Use sucks
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Hi fellas, after reading that post about engine blown twice this morning it kinda scares me a little bit, after nearly 30,000 miles without warranty, I can't afford not to have any warranty even though the car only had RMS done through the Porsche dealership after pulling its previous record, however I still don't feel comfortable especially when i want to take it to the top speed, maybe I am being a little too paranoid, but something tells me this morning its time to do it.
Warranty through Certified car care back up by Mercury (my previous car insurance provider) 5 years / 60,000 miles BUMPER TO BUMPER full coverage.
$2560.00 20% down and 10 payments with 0 interests and $0 dedutible. I thought it was a OK deal, dealership ask to pay over $3600 in 1 payment w/ same coverage and only for 4yr/50,000 miles.
What do you guys think?
Hi MZ,
I'm just as paranoid as you...and am facing the same dilemna about the warranty. That's why I posted my thread earlier today to track those of us still on our original engines. Trying to guage whether we are more the 'exception' or the 'norm'.
no but they have been in business over 9 years with BBB w only 1 complaints, that should be good enough for me. Plus it is back up by Mercury, I was pretty happy with them.
its really just a peace of mind, I'll probrably pay if off within 2 years and have fun with the car without worrying about anything. It helps with resale value too...I think.
only if they still around...my Pcar extended warranty went out of business this year. 3k down to the drain...
all extended warranty company I used sucks. my BMW went in for new alternator and they only willing paid $65/hr on labor. where you can find the shop that charge less than $90 theses day? bloody BMW dealer charge $160/hr and I have to pay the different...
you really need read those fine line...
If I ever gonna buy extended warranty, it has to be through dealer...
$2500 is 1/4 of an engine and 1/2 of a transmission. If your $2500 is in the bank it's most likely not going to be gone when you need it. Provided you didn't use it for new headers, mufflers and a flash
Self-insurance in the form of money socked away in the bank against unforseen problems sounds like the way to go. And if they'll give a you a free toaster when you open the account, so much the better. It sounds like $3k is the best guess.
Is there a limit in how much they pay per claim..? I got a quote from an extended warranty company, but they limit coverage to $3k per claim, which seems to me low..
we are not telling you what to do but share our own experience and opinion.
If I am in your shoes and gotta have warranty, I will not save the 1k go with 3rd parties extended warranty.