i bought my boxster used from my dad... now it is OFF warranty. he bought it used but practically new, still under factory warranty. when the factory warranty was about to expire, he bought an extended warranty throught eh Porsche dealer - it WAS a Fidelity warranty.
he saved all his records, and I've gone through them. he had a GOOD amount of warranty work done under his warranty. no motor failures....although his car (mine now) had repeat RMS leaks and the dealer gave it a new motor at about 20k miles....
while my dad owned it they put in a NEW convertible top - all paid for. his FULL leather trim on his dash was bubbling or had some sort of scratch..i forget what the defect was but he complained and they gave him a totally new dash.. I belive his dash is leather lined....
he got all new catalytic converters - i saw the bill for that..OMFG it was $$$$.
i don't recall what he paid for his warranty, but due to the car having lower miles, it wasn't terrible...he paid something like $2500 for it. he easily got that much and MORE in terms of coverage.
i hemmed and hawed over whether i should buy another extended to cover teh car while i own it, but the cost quoted me - for a 2000 with 75k miles - was going to be $5000 or so for 3 years. given i only bought the car for about 13k...it just din't seem worth it.
i'm hoping to enjoy this car for a while - and figure if/when i am the "unlucky" few who get a blown motor, i'll just sell the car for parts, and figure i got a good deal ont eh car, and got my money's worth in terms of fun. if/when i buy another porsche, i will probably pony up the money for anewer one that is CPO.
enjoy your car. since you mileage is LOW - you can probably get a much cheaper price on a warranty. the person I worked with at the dealer, said that the year of the car has VERY little impact on the warranty price vs the mileage. she said under 20k miles the warranty costs is VERY low and once you go over that is quickly gets very expensive....
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Originally Posted by MikenOH
I started my quest for an extended warranty on my 06 a few months back and approached my local dealer on the topic. They offer a warranty (AKA,, service contract) "administered" by Fidelity warranty services out of FL.
What bothered me about the pitch was that it was represented as a Audi/ Porsche backed warranty administered by Fidelity. AS I read the fine print, this is a Fidelity warranty and the Porsche dealer is just peddling it like any other aftermarket product--no PCNA involvement at all. You pay your money to Fidelity and they decide to pay or not pay the claim; the dealer and Porsche are out of it. Also, read the fine print of what is covered--there seems to be a lot of things that could fall through the cracks regarding what gets covered.
Finally, do a google search on Fidelity; the one I did turned up a lot of ugly stuff regarding claims that weren't paid.
To my eye, third party service contracts are a big crap shoot; too many ways for you not to be covered after you've written a check. Ford sold me a policy on my 04 explorer--backed by FOMOCO--which has paid roughly $4k in claims in the past 2 years and never a question was raised. BMW also offers an extended warranty directly through BMW.
Why doesn't Porsche?......good question. Go back to the people selling these warranties and find out who gets your money and who administers the claim; if they are the same, keep moving..
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