12-11-2009, 05:05 PM
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#1
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Registered User
Join Date: Oct 2009
Location: Tacoma, WA
Posts: 12
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Best aftermarket warranty?
I'm planning on buying a '05-'07 987 Boxster in the near, or somewhat near, future. My preference is to buy a moderate mileage, well-maintained, CPO car. But I don't want to rule out non-CPO cars entirely. So here's my question: Who has had good experience with after market warranty companies? Primarily I'm interested in coverage extending for the dreaded RMS and IMS issues. Thanks!
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12-12-2009, 03:52 AM
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#2
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Registered User
Join Date: Sep 2006
Location: NEPA
Posts: 343
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The best AMW is to put the money in the bank and use it to fix what happens. You have to read the fine print very carefully in the warantee contracts because the vast majoriy will not cover RMS or IMS failure, or if they do they make it almost impossible to get it paid for. Ed
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12-12-2009, 08:34 AM
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#3
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Registered User
Join Date: Aug 2005
Location: Sanford NC
Posts: 2,595
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Thoughts
RMS is not a big deal...just a oil leak. Lots of cars have em. It is something that can get put off. IMS is another level of problem entirely.
I know of no Extended Warranty company that can reliably be depended to to be happily accepted by almost all mechanics, dealers and/or shops and which will pay an honest amount without fail for the major failures you might have. A CPO is the only one even close to that and you have to make sure you have no over-revs lest even that be questionable and limit yourself to dealer service.
More thoughts on extended warranties .
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12-12-2009, 11:27 AM
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#4
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Registered User
Join Date: Mar 2008
Location: NH
Posts: 110
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Having worked for many years with warranty companies the best sceniro is to have the dealer's warranty and take it to that dealer if you have a claim.
This is, if you will be getting any warranty at all.
__________________
NH
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12-12-2009, 12:56 PM
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#5
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Registered User
Join Date: Oct 2009
Location: Tacoma, WA
Posts: 12
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Thanks everyone! Guess I'll stick to CPO cars or become comfortable with the "money in the bank" option.
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12-13-2009, 10:31 AM
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#6
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Registered User
Join Date: May 2007
Location: San Francisco, CA
Posts: 218
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Quote:
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Originally Posted by cvhs18472
The best AMW is to put the money in the bank and use it to fix what happens. You have to read the fine print very carefully in the warantee contracts because the vast majoriy will not cover RMS or IMS failure, or if they do they make it almost impossible to get it paid for. Ed
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I do this one as well. Makes sense that you'd come out ahead this way. No overhead.
Not for everyone. I do the same with collision coverage. Lots of liability coverage, bank the rest.
__________________
2003 Boxster S
1995 Ferrari F355 Spider
San Francisco, CA
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12-13-2009, 11:08 AM
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#7
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Registered User
Join Date: Aug 2009
Location: MD
Posts: 628
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I bought my 2000 S from a dealer and managed to negotiate a better price and an extended warranty and a 30k service into the buying price. I'm still planning to have the IMS upgraded along with the necessary items 'while I'm in there'. But if the engine goes before I get to it, I'll have some peace of mind. I can only hope they will pay for it. I'll deal with that if/when the time comes.
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12-21-2009, 02:21 PM
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#8
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Registered User
Join Date: Jun 2007
Location: Unionville, CT
Posts: 442
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Stay away from AA Autowarranty.com
Based on my experience they will say anything (accurate or not) to sell you a warranty.
__________________
2001 Boxster, GT3 console delete, lower stress bar, RoW M030 suspension package, painted bumperettes.
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12-22-2009, 09:19 AM
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#9
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Registered User
Join Date: Sep 2007
Location: CA
Posts: 83
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+1 on self insurance.
Put it in the Bank and forget about it.
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12-22-2009, 04:02 PM
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#10
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Registered User
Join Date: Mar 2008
Location: NH
Posts: 110
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Quote:
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Originally Posted by gerrygug
+1 on self insurance.
Put it in the Bank and forget about it.
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Same with my health insurance
now it seems I will be fined each year. 
__________________
NH
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12-27-2009, 07:09 AM
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#11
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Registered User
Join Date: Mar 2008
Location: Dallas, TX
Posts: 288
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I for one am not a fan of self insurance, engine failure and RMS is too common and too expensive, ask me how I know, to date I have had over $12k in repair costs, $10k covered by AMW. The odds of you having repair costs that equal or exceed the cost of the AMW are probably better than 50/50, with those kind of odds the AMW is well worth the risk.
It also depends on how much and how hard you plan on driving your box. If it is going to be a low mileage garage queen then I would skip the AMW and bank a slush fund for repairs. If you are going to drive it like you stole it, then get the warranty.
Just my $.02
__________________
2001 Boxster S
RUF front bumper, Techart side skirts, Gemballa rear bumper, PSS9s, Cargraphic 18" racing wheels, RUF exhaust, GT3 seats
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12-27-2009, 07:18 AM
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#12
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Registered User
Join Date: Mar 2008
Location: NH
Posts: 110
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Quote:
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Originally Posted by Wingnut2u
I for one am not a fan of self insurance,
It also depends on how much and how hard you plan on driving your box. If it is going to be a low mileage garage queen then I would skip the AMW and bank a slush fund for repairs. If you are going to drive it like you stole it, then get the warranty.
Just my $.02
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A warranty is okay if you drive the car as if mom was with you.
If you have a failure due to abuse then it is not covered.
There are many ways to determine the car is abused.
Warranty companies pay someone to determine this after inspecting the vehicle while it is torn apart at the repair facility. They document everything with pictures.
__________________
NH
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