Extended warranty
#1
Extended warranty
Hi all,
I just took delivery of our 2012 Cayenne (base model) and dealer is offering an extended warranty with Fidelity Warranty Services, Inc. with the following terms:
- Platinum coverage
- 7 years or 70,000 miles
- $3770.00
- $100 deductible
Dealer has given us 5 days to decide. Is this a good deal? This is our first Porsche but I am concern with all the electronic components that something may break after the standard 4 years/40,000 miles.
Thanks.
I just took delivery of our 2012 Cayenne (base model) and dealer is offering an extended warranty with Fidelity Warranty Services, Inc. with the following terms:
- Platinum coverage
- 7 years or 70,000 miles
- $3770.00
- $100 deductible
Dealer has given us 5 days to decide. Is this a good deal? This is our first Porsche but I am concern with all the electronic components that something may break after the standard 4 years/40,000 miles.
Thanks.
#3
I think the standard is 4/50K miles- this sounds like a waste of money to me- are you going to keep the car for 7+ years? I think if the answer is yes then you should consider it, if the answer is no then I don't see any reason unless it's tranferrable to the next owner and might add some assurance to the next buyer. You should check into aftermarket warranties before committing to this one- it's not a great price- here was my personal experience-I was quoted 3,800 for my 2006 CTT-S for 6yr/60 miles when it had 83K miles on the odometer from a 3rd party reputable warranty company. I spoke to the dealer to see what they could offer and the best they could do was 7K for a 3yr/36K miles extension.
I would think at this early stage of ownership you would rather put that money down on the car versus paying for a warranty that is going to kick in 4 years down the road.
I would think at this early stage of ownership you would rather put that money down on the car versus paying for a warranty that is going to kick in 4 years down the road.
#4
You don't need to get that yet. There's a guy by the name of Troy Dietrich (www.fd-warranty.com) who sells Fidelity plans for Porsche at wholesale prices. As long as the vehicle is still within the factory warranty period you can get a Fidelity plan. I believe the price gets significantly higher after owning the vehicle after 3yr/30k miles.
#5
Hi all,
I just took delivery of our 2012 Cayenne (base model) and dealer is offering an extended warranty with Fidelity Warranty Services, Inc. with the following terms:
- Platinum coverage
- 7 years or 70,000 miles
- $3770.00
- $100 deductible
Dealer has given us 5 days to decide. Is this a good deal? This is our first Porsche but I am concern with all the electronic components that something may break after the standard 4 years/40,000 miles.
Thanks.
I just took delivery of our 2012 Cayenne (base model) and dealer is offering an extended warranty with Fidelity Warranty Services, Inc. with the following terms:
- Platinum coverage
- 7 years or 70,000 miles
- $3770.00
- $100 deductible
Dealer has given us 5 days to decide. Is this a good deal? This is our first Porsche but I am concern with all the electronic components that something may break after the standard 4 years/40,000 miles.
Thanks.
I signed up for the same thing. Can I back out of it and purchase it from the wholesale guy?? Your response is greatly appreciated.
#6
Hi all,
I just took delivery of our 2012 Cayenne (base model) and dealer is offering an extended warranty with Fidelity Warranty Services, Inc. with the following terms:
- Platinum coverage
- 7 years or 70,000 miles
- $3770.00
- $100 deductible
Dealer has given us 5 days to decide. Is this a good deal? This is our first Porsche but I am concern with all the electronic components that something may break after the standard 4 years/40,000 miles.
Thanks.
I just took delivery of our 2012 Cayenne (base model) and dealer is offering an extended warranty with Fidelity Warranty Services, Inc. with the following terms:
- Platinum coverage
- 7 years or 70,000 miles
- $3770.00
- $100 deductible
Dealer has given us 5 days to decide. Is this a good deal? This is our first Porsche but I am concern with all the electronic components that something may break after the standard 4 years/40,000 miles.
Thanks.
#7
Several things:
- The warranty being sold - does it add 7 years and 70,000 miles to the factory warranty? If not - then it's a 3 year/20,000 mile warranty. This is a new vehicle right? This sort of aftermarket "extended" warranty normally starts the day the warranty goes into effect - meaning the first 4 years and 50,000 miles of it is wasted - since the truck will be under Porsche's warranty. That's awfully expensive.
- This sort of warranty can be purchased by you directly.. besides the discount guy mentioned above, there are BUNCHES of places selling this sort of warranty, and it's a very competitive business.
- The dealer makes 100% on the sale of one of these warranties. He's probably making more on the warranty then on the sale of the P!G.. If he's offering it for $3770 - it cost him half that to put it in effect. He's also trying to pressure you with the "5 days" crap. If it was me - I'd make a suggestion on where he can put the warranty, after asking him if the Cayenne is such a P!G that it needs an extended warranty.
If you really want to have an extended warranty - wait until the factory warranty is almost up then do some shopping for one. Price won't be any worse then - and you'll know by then if you're actually keeping the truck..
- The warranty being sold - does it add 7 years and 70,000 miles to the factory warranty? If not - then it's a 3 year/20,000 mile warranty. This is a new vehicle right? This sort of aftermarket "extended" warranty normally starts the day the warranty goes into effect - meaning the first 4 years and 50,000 miles of it is wasted - since the truck will be under Porsche's warranty. That's awfully expensive.
- This sort of warranty can be purchased by you directly.. besides the discount guy mentioned above, there are BUNCHES of places selling this sort of warranty, and it's a very competitive business.
- The dealer makes 100% on the sale of one of these warranties. He's probably making more on the warranty then on the sale of the P!G.. If he's offering it for $3770 - it cost him half that to put it in effect. He's also trying to pressure you with the "5 days" crap. If it was me - I'd make a suggestion on where he can put the warranty, after asking him if the Cayenne is such a P!G that it needs an extended warranty.
If you really want to have an extended warranty - wait until the factory warranty is almost up then do some shopping for one. Price won't be any worse then - and you'll know by then if you're actually keeping the truck..
Last edited by deilenberger; 04-12-2012 at 08:33 PM.
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#9
All comes down to how much are you gonna drive it. I bought a one year old S model with 38K miles and then purchased a extended warranty the next day to take it out to 100K. It cost me $4K. The one thing i will say is that i never used up the $4k in service. Probably about $2.5 -$3k. It was always a lot of stupid little things that cost 7-$800 a shot. I finally ended up getting rid of the Cayenne at 100,000 because i just had this impending feeling like something was going to go up soon that was just going to hammer me. I also needed something just a bit larger than the Cayenne. It was fun while it lasted though.
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