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Extended Warranty .... worthwhile?

rjs993

PCGB Member
Member
Hi,

I have just been invited by the Porsche dealership to extend the warranty on my 2018 991.2 GTS (3 years old in March 2021). While inclined to pass on this I would be interested to hear what people think about the merits / cost effectiveness are of exte3nding the warranty?

Oh .... and how much is it?

Many thanks
 
I already have my 3 year old GTS booked in for its MOT and extended warranty inspection. It’s up to you of course but I would rather sell my car than be without its Porsche warranty. One of my previous 997s developed a gearbox problem and without warranty, it would have cost me between £8K and £10K. I don’t think it’s worth risking being without it. I think the 1 year cost is around £1250. Hope that helps
Regards

 
Absolutely. It’s a no brainier. I have a 3.5 year old 991.2 C2 which has had both turbos replaced, both PSE actuators replaced, exhaust tips brackets replaced, spoiler adjusted so that it sits flat with the body and brakes adjusted so that the electronic brake no longer sticks, all under warranty since I renewed in July last year. Total cost was close to £8k.
 
From a different perspective - I have had five various iteration of the 997 plus 991.1 and renewed extended warranty on all of them (all were used examples when I purchased them). Never made a claim, not once, so if I had "self-insured" I would be quids in. They have all been daily drivers so I guess the old adage has proved true in my case.

However now got the same dilemma my "new" 991.2 GTS is 3 years old on 1st May so warranty due...decisions...
 
I'm currently debating the warranty issue with my 991.1, which I've owned for the past 2 years and is coming up to 8 years old but only has a low (24k) mileage and has been meticulously cared for with a FPSH. My gut tells me it's a good sound car and whilst I don't have a crystal ball, I'm loathed to spend money on a warranty that I could put on one side 'just in case' and build up a fund over the next few years. Obviously if I were unlucky, then the nest egg would go and maybe a bit/lot more but if not, then I have the money in my bank account and not some insurance company's.

I'm of the opinion that if you buy a 'good' car from an OPC and don't have issues in the first couple of years, then for most people, the extended warranty cost is probably money down the drain but of course, there are always those unfortunate events where a failure can mount up to many times the cost of the warranty.


Some components can be expensive but it's usually labour that ramps up the cost of mechanical repairs and whilst most people worry about the 'biggies', it would be very interesting to get an accurate picture on the real incidence of major mechanical disasters for the 991.1 & .2, such as critical engine or gearbox failure - which I'm sure is what compels most of us to consider the extended warranty.


 
For £76 a month I honestly don't think it's an option not to have the cover. It's the equivalent of a tank of fuel!
 
Like all insurance, it's a complete waste of money until you come to make a claim. :rolleyes:

You only need to have a submerged fuel pump, gearbox, axle or WHY pack up in order to heave a sigh of relief you're got cover. (Replacement PDK's are £12k)

You have to take a view: either self-insure or pay someone else to cover you. If the latter, then the Porsche scheme is one of the better ones (although certainly not the cheapest [;)]!).

Regards,

Clive
 
Fixedgear said:
For £76 a month I honestly don't think it's an option not to have the cover. It's the equivalent of a tank of fuel!


That's true but playing devil's advocate, a tank full of fuel a month guarantees me a bunch of motoring smiles, whereas giving the same £76 to an insurance company, on the off chance of that I might need to claim...

I suspect, there's no right or wrong answer to the question, just how each owner feels about the risk.
 
Lancerlot said:
Like all insurance, it's a complete waste of money until you come to make a claim. :rolleyes:

You only need to have a submerged fuel pump, gearbox, axle or WHY pack up in order to heave a sigh of relief you're got cover. (Replacement PDK's are £12k)

You have to take a view: either self-insure or pay someone else to cover you. If the latter, then the Porsche scheme is one of the better ones (although certainly not the cheapest [;)]!).

Regards,

Clive


For me it's a cost of ownership and protecting the downside. Leaving yourself exposed to a PDK failure for the sake of £76 per month just doesn't make sense.

911Time said:
Fixedgear said:
For £76 a month I honestly don't think it's an option not to have the cover. It's the equivalent of a tank of fuel!


That's true but playing devil's advocate, a tank full of fuel a month guarantees me a bunch of motoring smiles, whereas giving the same £76 to an insurance company, on the off chance of that I might need to claim...

I suspect, there's no right or wrong answer to the question, just how each owner feels about the risk.



Without a doubt. Some people spend £76 a week on cigarettes or the lottery. It's all subjective but the cover it provides isn't an option but to have, plus it puts you in a great poisition when it's time to exit.

My ownership with this car will end spring 2022, so it will give the next owner 6 months cover and me a smooth exit with (hopefully) no objections from a buyer.
 
BTW the warranty is transferrable if the car is sold on to a private buyer, but is comes to an end if sold to a motor trader.

Regards,

Clive
 
I’ve done it both ways
while working I always had the OPC warranty.got a £12k bore score problem sorted in warranty on a 07 Boxster s which I had suspicions about early in the purchase( 3 yrs old),with an oil leak.
my current 991.1 has been looked after by an Indy is 8 yrs old and camera shows no leaks anywhere so as I’m retired I’m just keeping fingers crossed.if the PDK goes south then I’ll just chop it and get a 992!
pay your money and take your choice

 
Lancerlot said:
BTW the warranty is transferrable if the car is sold on to a private buyer, but is comes to an end if sold to a motor trader.

Regards,

Clive



Clive,

That may well be true if an independent trader, but if a car sold to a Center has approved insurance, they will just top that up to provide the minimum 2 years. I know this from recent experience of negotiating to buy cars from 4 different Centres, all of whom treated existing approved warranties the same way and I was able to verify this by having them send me a screen grab of the car's Notifications record - not that I distrust sales people...
 
I purchased from an OPC and they added the 1 year left to another two years so I have 3 years in total which was like getting another grand off the purchase price I was really chuffed .....

States on paperwork (i did check!) and also on the app it gives the end date [:)]


 
Understandably, everyone gets worried about the big ticket items but I'd really like to know what the incidence of catastrophic failure is.

The 991 was one of the most successful 911 models, so there are many thousands out there. I wonder just what percentage have blown an engine, or lunched their gearbox??
 
It’s not the big ticket item that might be an issue, hourly rates of >£150 per hour will add up very quickly particularly if a PIWIS test does not point the technician in the right direction and even minor parts are now quite expensive.

I recall on my first Porsche a 987.2 Boxster, I damaged a small piece of trim which cost a modest £1.45 and it was in stock. I‘ve just bought a 991.2 GT3 and noticed a small wing screw cap was missing, the retail cost of this small plastic 22mm piece is £8.67; the supplying Centre is providing it FOC and ordering it from Germany.
 
ralphmusic said:
It’s not the big ticket item that might be an issue, hourly rates of >£150 per hour will add up very quickly particularly if a PIWIS test does not point the technician in the right direction and even minor parts are now quite expensive.

I recall on my first Porsche a 987.2 Boxster, I damaged a small piece of trim which cost a modest £1.45 and it was in stock. I‘ve just bought a 991.2 GT3 and noticed a small wing screw cap was missing, the retail cost of this small plastic 22mm piece is £8.67; the supplying Centre is providing it FOC and ordering it from Germany.



Hi Ralph,

Thank you for your comment. I'm intrigued by your reply, especially as you represent owners of modified cars, which are often excluded from the Porsche extended warranty for the tiniest deviation from 'original'.

Whilst my own car is mechanically stock, it does features some aesthetic changes (50th anniversary alloys, Pepita cloth seat centres and re-printed 356 green gauge faces) and although I've used genuine Porsche alloys, OEM fabric & a well-known Porsche GB supplier for the gauge re-print, I fear the changes may still count against me, if I attempt to renew my extended warranty.

It would appear that most owners of 997/991 cars in the UK, tend to keep their vehicles stock and take the extended warranty for peace of mind, whereas owners in other countries (such as the US), are more inclined to modify their vehicles and rely on funding any unexpected bills themselves.

I agree, labour costs can mount up these days, particularly as so many modern technicians rely (perhaps too heavily) on the diagnostic power of a box, rather than their diagnostic grey matter ;)

Sadly, it's not a situation particular to Porsche and affects nearly all premium brands these days, made worse by the fact that £150-175/hour has become the norm.

The extended warranty in the UK seems extraordinarily prohibitive of even the slightest change from 'factory original', so I'm guessing you'll be leaving the GT3 stock?
 
I had an injector go on my 991.1 GT3 chunky bill to get it fixed. No warranty haven‘t had a warranty on my last 3 911’s but have one now on my 991.2 GT3 and will probably renew it when it comes around

Steve
 
911Time said:
The extended warranty in the UK seems extraordinarily prohibitive of even the slightest change from 'factory original', so I'm guessing you'll be leaving the GT3 stock?


Mark,

I have debadged it and am running silenced exhaust tips but otherwise bog standard. The question is what on earth would I need to change, other than getting the suspension set up to eliminate any handling characteristics I find I don’t like, always assuming I’ll get to drive it anytime soon.

Ralph
 
ralphmusic said:
911Time said:
The extended warranty in the UK seems extraordinarily prohibitive of even the slightest change from 'factory original', so I'm guessing you'll be leaving the GT3 stock?


Mark,

I have debadged it and am running silenced exhaust tips but otherwise bog standard. The question is what on earth would I need to change, other than getting the suspension set up to eliminate any handling characteristics I find I don’t like, always assuming I’ll get to drive it anytime soon.

Ralph



Hi Ralph,
Hopefully you'll be enjoying it soon!

I hear what you're saying - just don't go anywhere near Manthey Racing, or the temptation may be too great. LOL.

Interestingly, given the relationship with the factory, would such 'mods' get the nod of approval from the extended warranty people?? Hmmm...I wonder :)
 
One of my issues with the now sold 718 GT4 was track debris fouling the engine purge fan. The grills in the bifurcated side inlet tracts are too coarse to stop other peoples‘ rubber getting in. After spending £200 after a Silverstone day to have these cleaned out (lots to dismantle for access), I tried to get Porsche to agree to my fitting Manthey grills specifically produced for track use, albeit in the Clubsport race version. No was the answer because the GT4 was a road car not a track car and therefore didn’t need them. The fact that it is sold with track use in mind and as with the GT3, has a "track use” section in the manual didn’t seem to them to bear on the matter.
 

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