[OC718]

I was originally quoted 5400 with 250 deductible for a 96 month 80,000 mile Platinum (exclusion warranty)
After saying no, and 24 hours going by - I am now at 3600 with 100 deductible - this seems almost reasonable -

Any Insights?

 

[Optical TDI]

I’m in NE Ohio too. Avon. Anyway, read the actual contract before deciding. Exclusionary is the better type, that’s for sure. How long does your factory warranty have left? If new, you are effectively doubling the time and miles. It would be easy to have one repair cost $3k.

I’m generally not a fan of these types of products, but depending on the language it might be ok. It won’t take affect until factory coverage is over.

 

[Porsche2018]

I will wait on other opinions but, I have never purchased an extended warranty on any car I have ever owned and never needed it.

 

[OC718]

I’m in NE Ohio too. Avon. Anyway, read the actual contract before deciding. Exclusionary is the better type, that’s for sure. How long does your factory warranty have left? If new, you are effectively doubling the time and miles. It would be easy to have one repair cost $3k.

I’m generally not a fan of these types of products, but depending on the language it might be ok. It won’t take affect until factory coverage is over.

Thanks for quick reply - It is exclusionary - the car is brand new - I have had the extended warranty on some vehicles One being a Mini and it more than paid for it self and on a Honda and used $150 of it - I guess its piece of mind.

PS - From Chesterland

 

[wriggly]

I will wait on other opinions but, I have never purchased an extended warranty on any car I have ever owned and never needed it.

Same here....till my GT350. They are a wonderous car, but there's been quite a number of catastrophic engine failures and it's about 25k to replace a Voodoo. I got 6 years 36,000 mile extended for 1200 bucks based on projected 5000 miles per year. Just in case.

 

[JakiChan]

I've purchased extended warranties on all my cars. On my Honda truck I've never used it. On my Euro cars...used it every time.

 

[Optical TDI]

On average, the consumer will pay more for extended service agreements vs. what they receive in benefits. If that wasn't the case, companies wouldn't sell them. I had a CPO 2002 996 while back and it had over $10k in repairs during the 2 yr CPO period. Thankfully it was a CPO car. I sold it after the 2 yr CPO period due to IMS failure concerns.

 

[Porsche2018]

On average, the consumer will pay more for extended service agreements vs. what they receive in benefits. If that wasn't the case, companies wouldn't sell them. I had a CPO 2002 996 while back and it had over $10k in repairs during the 2 yr CPO period. Thankfully it was a CPO car. I sold it after the 2 yr CPO period due to IMS failure concerns.

Bingo.....Optical TDI your a smart man but I guess there are always exceptions.......the IMS bearing failure was a case in point.

 

[85Gold]

Since I never keep a car for more than 2 years, I have severe Car ADD, I don't get extended warranties. That being said IF I was inclined to get one I would look at the history of the vehicle reliability and would go from there. If it was a Honda, Toyota no warranty. If it was an Audi, Fiat, McLaren, Lambo then yes I would seriously consider one.

Peter