Boxster/ Warranty

[ericbythebay]

I am the proud new owner of a 2005 Carmona Red Boxster ! I actually got it in Knoxville Tennessee from www.usimotors.com (see pics on site). It has 17,700 miles. I paid 27.5k and that was with some negotiation. I like to negotiate and I think thats part of the fun!I only wanted that color with either gray or black interior. It happened and I bought it. Nice dealership and they only sell high end cars (Bentleys, Ferrari, Maserati) I bought it on line. I had the car shipped to San Francisco. I got to see it and drive it for the first time last Saturday. Nice, nice car. Shipper was great (Grand Tourismo) and got it out here in 1 week.

I have decided to buy a warranty. I have been reading about the problems these cars can have. I just dont have big bucks for repairs, so want the insurance...Plan on keeping the car a long time. I started doing a warranty search, and seems nobody really has a good reputation (or people certainly like to complain about them). I got a quote from Easy Care 4/48k warranty $5400, then Direct Buy warranty $2700- Lets talk about these people for a moment...Offering same type of warranty ( I think anyway) and if I purchased it by 3pm today they would add another year of warranty or 5/60k, plus throw in some other freebies...I started this morning before I left from work. I finally put my phone on vibrate as a diff rep would contact me every hour (lol). Any thoughts? I was picking up on something isnt right...or they were having a sale on warranties.Go figure!

Now for all you people in SFBay Area you will find this interesting. I went to Rector Porsche(Burlingame) and they sell a warranty JM&A Group. I am quoted $3602 for Gold Plus 4/48 (250 ded) Called Livermore Porsche and they sell same warranty. Here is where it gets interesting. I was offered the Platinum plan (better than Gold plus) 4/48k $3500. (1k difference and better coverage)

Any experience with these warranty companies? Other warranty companies you might suggest? Thanks/Eric

[mikefocke]

that the special offer 'today only' 'just to you' is the sign of a deal that isn't going to be in your long term interest.

If their way of doing business was honestly in your favor they wouldn't need all those high pressure tactics and the high priced salespeople (that you ultimately are paying for).

You'll hear stories of people who made out by buying a warranty. Just as you'll hear stories of people who made money on the slot machines in Vegas. A few win big, a few break even, but by far the most folk lose. The odds are much more in favor of you in Vegas....at least 3x better. Consumer Reports says Extended Warranties pay out only about 30% of the $ they take in in repairs, the rest of the money you pay goes to selling, admin and profit.

And you run the risk of these companies going out of business leaving you stuck.

I've always self-insured for things I can afford to pay out on if something were to happen. And over a lifetime, I'm tens of thousands ahead. I insure big things like the house, car, liability...those have potential for bigger bills than I could pay.

I declined the Extended Warranty my '01S Boxster seller offered to transfer to me in favor of a lower purchase price. 5 years later I am way way ahead.

Consider instead doing the IMS replacement now and putting the rest of the $ into a savings account.

[Extra]

Ericbythebay,

It really is a small world. I just purchased a 2005 Seal Gray Base Boxster. Here is the small world part...I live in Knoxville and looked seriously at your Boxster but decided to purchase the Gray one from Carmax. I did two walk arounds on your car at USI Motors.

I had mine 1 day and the engine blew...but Carmax is paying the Porsche dealship to put a new engine in it. So besides the delay, I am very happy.

Your Carmona Red Boxster was in great shape and I was seriously tempted. USI is a good dealership (they are the SAAB factory dealership for our area by the way).

Anyway, small world from a person who was lusting after your car while you must have been putting the finishing touches on your deal!

Enjoy the car and tell it Knoxville says hello!

Extra

[tonycarreon]

all the emblems are pointed at the air valves on the tires - it's a winner!

[thstone]

Congratulations! Great looking car.

Generally aftermarket warranties favor the company rather than the buyer and these companies, as a group, are renown for denying claims.

Be sure to read all of the fine print and convince yourself that the warranty will actually cover the most likely high cost problems like IMS, RMS, all five chains and both tensioners, MAF, engine mount, etc.

Even with a warranty, you'll still need to keep $1,000 or more in reserve for maintenance/repairs that won't be covered under the warranty like tires, brakes, oil changes, 30K service, etc.

[ericbythebay]

Yes, it is a small world. Sorry to hear about your Boxster! Glad to here Carmax backs up there vehicles. I looked at there as well, but just thought they were a little expensive, and wouldnt haggle...I think I paid a fair price and honestly, I would have paid asking as I wanted that car, color/options and low mileage. I did a car fax on the and it was maintained by Harper Porsche in Knoxville since new and it got 2OK service from the dealer in July. Not sure why somebody would trade in a car that was so meticulously maintained. It got oil changes once a year and nothing was overlooked. I bet they are regretting it, or maybe there is something I dont know... I have the funds for normal items, but I (after reading the boards) wanted the big ticket items covered. Dealerships I hope wouldnt sell a warranty that causes a lot of problems to the buyer. I discussed this very thing with Porsche of Livermore and was advised the owner of the dealership also owns the Jag/Bentley/Sports car store in San Francisco. He wouldnt offer a product to people buying a car like these that wasnt reputable. They also want the business as most of the people would bring car into there dealer for service and warranty work. They certainly dont want the customer telling them "you recommended the warranty and you sell it" Why do you sell it if its no good? Hopefully, I dont have to use it for big ticket items. I am though a little concerned about 3 dealerships selling same warranty and such a price variation. I went onto www. Yelp.com and found out which dealer was providing best service. I gotta admit all 3 had 4 stars which is pretty good. I am going to bring up these items tomorrow with Carlsen Porsche and see if they are covered under the JM &A warranty company. I also today got another 5 calls from Direct Warranty wanting me to sign up with them....

[schoir]

Originally Posted by ericbythebay

I am the proud new owner of a 2005 Carmona Red Boxster ! I actually got it in Knoxville Tennessee from www.usimotors.com (see pics on site). It has 17,700 miles. I paid 27.5k and that was with some negotiation. I like to negotiate and I think thats part of the fun!I only wanted that color with either gray or black interior. It happened and I bought it. Nice dealership and they only sell high end cars (Bentleys, Ferrari, Maserati) I bought it on line. I had the car shipped to San Francisco. I got to see it and drive it for the first time last Saturday. Nice, nice car. Shipper was great (Grand Tourismo) and got it out here in 1 week.

I have decided to buy a warranty. I have been reading about the problems these cars can have. I just dont have big bucks for repairs, so want the insurance...Plan on keeping the car a long time. I started doing a warranty search, and seems nobody really has a good reputation (or people certainly like to complain about them). I got a quote from Easy Care 4/48k warranty $5400, then Direct Buy warranty $2700- Lets talk about these people for a moment...Offering same type of warranty ( I think anyway) and if I purchased it by 3pm today they would add another year of warranty or 5/60k, plus throw in some other freebies...I started this morning before I left from work. I finally put my phone on vibrate as a diff rep would contact me every hour (lol). Any thoughts? I was picking up on something isnt right...or they were having a sale on warranties.Go figure!

Now for all you people in SFBay Area you will find this interesting. I went to Rector Porsche(Burlingame) and they sell a warranty JM&A Group. I am quoted $3602 for Gold Plus 4/48 (250 ded) Called Livermore Porsche and they sell same warranty. Here is where it gets interesting. I was offered the Platinum plan (better than Gold plus) 4/48k $3500. (1k difference and better coverage)

Any experience with these warranty companies? Other warranty companies you might suggest? Thanks/Eric

Monsieur ERIC-BY-THE-BAY:

I have had somewhat extensive personal experience with a number of "automobile service contract" companies in the U.S. (i.e, Warranty Companies), and I can honestly say, without fear of contradiction, that the only company that has dealt fairly (although they still had to/have to be gently prodded in the correct(ed) direction) is Warranty Direct , based in Uniondale, NY.

Others ...U.S. Fidelis comes to mind, as do myriad other companies that seem to pop up out of nowhere, sign up as many customers as possible through whatever sales channels they can wangle, and then die a (sometimes not-so-long) lingering death by way of the United States Bankruptcy Court (if they are in that particular "state" of affairs), and always, always (unless there is a bulldog out there who won't let them off so easily, and who will stop at nothing to bring them (and their accomplices) will try to avoid coming to the table so that they may then be allowed to pay up and to make other amends to the customer, arbitrator, etc.,

Then all is well, but reallly, most of the time it's very vexing when a relatively large (IMS and other engine failures come to mind) claim is submitted, especially because they will pay the nickel and dime claims to get your guard down...

A case in point regarding the preceding state
ment, is the cahoots that they are in with some other "consumer-protecting agencies" Can you say Better Business Bureau entities (e.g. a Better? Business? Bureau?)...

What is especially sad is that they seem to do it with impunity, and I'm also referring to icons singing their praises on TV ads....etc...

But, I digress...and have to travel to PA to continue... Haha!!!

Soooooh, to answer your question directly...If a "warranty company" or its insurer has been around for a good, long time, you are always better off dealing with them than with ANY fly-by-night, advertise-on- TV warranty company. Also, since you are in San Francisco, you enjoy an added level of protection from the California consumer protection apparatus.

Just my tow cents. ...(pun intended...Pun Intended )

Best
Regards,

Maurice. :dance: matchup:

[jcb986]

Sweet...I've been eyeballing a Cayman in the same color....

[schoir]

Originally Posted by jcb986

Sweet...I've been eyeballing a Cayman in the same color....

Double Sweet... If it's a "Cayman Convertible" with those jewel tones, I'll take it!

A combination like Burg Boxster's 911 would be stupendous!

Regards, Maurice.

[jdiba]

Schoir, any experience/knowledge of Fidelity Warranty Services ?

thanks.

[schoir]

Originally Posted by jdiba

Schoir, any experience/knowledge of Fidelity Warranty Services ?

thanks.

Let me know what State you are in, where you purchased the Service Contract, etc... and I'll send you some educated information. Regardless of which one you choose, the motto "caveat emptor" has never been more a propos.


They are capitalizing on the phenomenon that no one wants to lift a finger any more....the "remote" control generation-amoebas-in- the-making mindset.

REgards, Maurice.

[Irish Stout]

Carmax mentioned earlier in the thread offers extended service plans. Anyone have any experience with them? They are very detailed about what they do and do not cover, and it seems it may be worth it. Not sure about the pricing. Of course you would have had to buy from them to begin with.