Porsche Extended Warranty Costs

[Carlton]

I received my letter from Porsche informing me of the cost relating to the extended warranty. There are two different costs, depending if I renew before my existing warranty expires or after. In the letter they make reference to a 111 point check that must be undertaken as part of the warranty, however there is no costing of this. Contacting my local dealership I was informed the cost of the 111 point check was a further £216! I asked why was this cost not mentioned in the detailed letter informing me of the various costs from Porsche UK. I was informed I would have to take the matter up with Porsche UK themselves. If the car is still in the original warranty, why do I have to pay for a 111 check to continue the warranty if it has not lapsed? I can understand the need for paying for a check of the car if the car was not in warranty. But I take exception to paying a further £216, on top of the £1,020 annual warranty (£1,236 for 1 year or £2,056 for 24 months). I appreciate that I can make a saving if I opt for the 24 month extension as I’d only have to pay once for the 111 check.

As I don't do many miles in the car, currently just over 10K over three years, the cost of the warranty seems high, and the letter from Porsche UK annoyed me, not mentioning the mandatory cost of the 111 check. I am interested in looking elsewhere for warranty cover.

Searching the forum I have noticed some members have used various providers, one of which is called ‘MotorEasy’. I also have heard of ‘Warranty Direct’ and ‘Warrantywise’.

So I ask, do you recommend a third party company to provide car repair warranty insurance for your 991? Do you have experience of claiming for any repairs through one of these companies?

Options available

• Go with Porsche UK warranty
• Do not take up warranty and keep the cost as backup if a repair is needed (my wife’s preferred option!)
• Go with a third party independent warranty provider and if so which one!

 

[Dylan1]

hi Carlton!
hope the legs healing up ok !
this is one of the biggest conundrums of my porsche ownership??
ive done it all ways above
no doubt I felt most relaxed( if poorer) whilst continued with porsche warranty
but.. I have kept the money in the bank on two porsche and saved £5k total..but I was a bit edgy !!( I was only doing few miles those years due to work)
im currently with a John Holland indeppendent warranty( up north dealer) which is fair bit cheaper than OPC and paid out promptly for a problem last yr ,but when that expires I’m not going to renew and will keep money in bank as now retired and not so much of it??
best wishes
dylan

 

[Lancerlot]

I assume Porsche Cars GB do not quote the cost of a 111 inspection because this differs between individual PC's, since each is free to set its own charges.

Whether or not the vehicle is still under warranty is irrelevant as all dealers will charge for carrying out a full stand-alone inspection and report.

Often the warranty expires around the same time as a service is due and you will find some PC's incorporate the inspection into their service work and make no separate charge.

Porsche Extended Warranty is tried and tested and a good one. You are driving a significant, high performance motor vehicle and will want to be confident in its safety and operation at all times. Just be thankful you are not an Aston Martin or McLaren owner, as their annual warranty costs are substantially higher.
,
There are many third party warranties on the market, but here's a quotation from John Ruskin that may help you in your deliberations:-

"It's unwise to pay too much, but it's worse to pay too little. When you pay too much, you lose a little money - that's all. When you pay too little, you sometimes lose everything, because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot - it can't be done. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better.” []
Regards,

Clive

 

[mclark]

Hi Carlton and Dylan!

Hope you are both well. I too had this dilemma in April when my 991.1 warranty came to an end. After much research I decided to take the two year extension without breakdown cover, as I have that with a bank account. My thought was to sleep easy at night, and not worry about every little noise or judder, which I must say has worked!
My other thought was that if I sell the car after a year, it would still have a year to go and could be transferred to the new owner and may make it easier to sell.
Hope that helps, all the best.

Mike