Carmax sells Porsche warrantee

[jditom]

I bought my Boxster from Carmax in Salt Lake and I got the extended warranty. It covers all major components including engine failure. It does not mention every engine component but if any fail you are covered. Believe me no warranty lists a IMS simply because it is part of the engine. You must get pre-approved by any shop that has certified mechanics including Porsche if that is your choice. So your brothers garage does not count.
They are a very large co and doing well and I doubt this is a scam.

My 04 S only had 20k miles when I bought her and I got a 6 year up to 75,000 warranty for about $1400. It gives me some breathing room before I do the IMS.

[Brucelee]

Originally Posted by jditom

I bought my Boxster from Carmax in Salt Lake and I got the extended warranty. It covers all major components including engine failure. It does not mention every engine component but if any fail you are covered. Believe me no warranty lists a IMS simply because it is part of the engine. You must get pre-approved by any shop that has certified mechanics including Porsche if that is your choice. So your brothers garage does not count.
They are a very large co and doing well and I doubt this is a scam.

My 04 S only had 20k miles when I bought her and I got a 6 year up to 75,000 warranty for about $1400. It gives me some breathing room before I do the IMS.

Carmax can offer a warranty, no issue there.

They cannot offer a Porsche CPO warranty or anything else through Porschae NA without Porsche's agreement.

That is the issue, not whether a warranty can be offered.

[baxster]

Originally Posted by Brucelee

Carmax can offer a warranty, no issue there.

They cannot offer a Porsche CPO warranty or anything else through Porschae NA without Porsche's agreement.

That is the issue, not whether a warranty can be offered.

The sales guy clarified that it is a Maxcare, not a Porsche warrantee. So now my issue is if Maxcare will cover an engine failure due to an IMS failure.

[Lobo1186]

call them and ask. get it in writing. the worst that can be said is no.

[Perfectlap]

put that money into a money market account and kick in another $100 every month (at least). If you read the fine print of those warranties they are chock full of 'get out of paying you for catastrophic claims" language. They'll require all maintenance be done by a licensed mechanic, and I mean everything, no matter how minor like chaning the air filter (5 minute DIY) and you can't miss or be late on a single service item. When you add up how much this will cost you it negates the value of the warranty. I bought one of those when I first picked up this car because it was so cheap I thought what the heck. I opted to pay over several installments. Almost immediately I had a problem, top wouldn't come down. I brought it to the dealer and they said "$4 switch but we have to charge you $140 labor". Fine I said I'm covered "bumper to bumper". The Porsche tech comes back an hour later "you're warranty will not cover it". A $4 switch. So I stopped making the payments and allowed them to cancel the warranty. Glad I didn't pay all up front.

[baxster]

Originally Posted by Perfectlap

put that money into a money market account and kick in another $100 every month (at least). If you read the fine print of those warranties they are chock full of 'get out of paying you for catastrophic claims" language. They'll require all maintenance be done by a licensed mechanic, and I mean everything, no matter how minor like chaning the air filter (5 minute DIY) and you can't miss or be late on a single service item. When you add up how much this will cost you it negates the value of the warranty. I bought one of those when I first picked up this car because it was so cheap I thought what the heck. I opted to pay over several installments. Almost immediately I had a problem, top wouldn't come down. I brought it to the dealer and they said "$4 switch but we have to charge you $140 labor". Fine I said I'm covered "bumper to bumper". The Porsche tech comes back an hour later "you're warranty will not cover it". A $4 switch. So I stopped making the payments and allowed them to cancel the warranty. Glad I didn't pay all up front.

Did you find the language in the b2b warrantee that excluded that job?

[Perfectlap]

I went through the language almost word for word with the phone rep. I asked him part by part from engine to brakes, to HVAC, lights, all that, whatever wasn't mentioned in the fine print. He either said yes or no. I was a real pain in the arese. Anything not mentioned explcitily I figured they'd chalk up to 'normal wear and tare". THat's a pretty clever clause to throw into a service agreement. A sort of catch all for them. When you think about it, what isn't getting worn and torn to some degree when you drive it? There was a forum member here who had a warranty with probably the best known of the firms (Warranty Direct) when they were still covering Porsches and his engine let go, IMS I think it was. They denied his claim and he had to take them to court. I think he won but most people wouldn't show that kind of tenacity. Point being the guys who write those contracts make sure their lawyers put in the right words to avoid a really big pay out. Only a judge can force them to do otherwise.