I think the PPI is a good idea - plus, Warranty Direct will require some type of PPI. If you have one done, you can send them the report - otherwise, they'll arrange one (I think around $100) before they issue coverage. Might as well pay the extra to get a PPI by a Porsche mechanic.
I bought mine from a BMW dealer - had it sent to a Porsche dealer for the PPI and bought and extended warranty (4 yrs/70 K) for about $2400.
FWIW, the Porsche service advisor that did my PPI told me that an extended warranty is worth it's weight in gold. I know opinions vary but since this was my first Porsche, the peace of mind from both the PPI and EW were worth the price - plus, I can transfer the EW or cancel for a pro-rated refund.
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2003 Audi A4 Avant 3.0/6MT - Orient Blue/Beige
2002 Porsche Boxster 5spd - Seal Gray/Black
1990 BMW 325i (convertible) 5spd - Red/Beige/Black Top
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