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$1800 a year is a rip-off, actually all extended warranties ADDED AFTER purchase are a rip-off. +1 on the bank account for repairs.
I just picked up my '06 Cayenne from CarMax with 9,100 miles on it, the Porsche warranty will apply 'til Feb '10 (or 50K which will not happen first).
I added the six year, 75,000 mile warranty at time of purchase for $1649 This is a wear and tear transferable warranty (key words here) that will end in Dec 2014 or 84,100 miles, whichever comes first. The BEST and CHEAPEST time to add an extended warranty is at the time of purchase, many times you can negotiate it in as part of the deal. After the purchase, forget adding a warranty, open a bank account and start putting some cash away for the eventual rainy day.
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'06 Cayman 'S' - Sold (Sport Chrono, PASM, TPMS, 19' CAS Wheels, NAV)
'06 Cayenne - Sold
'01 Boxster 'S' - Sold
'00 Boxster - Sold
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