IMS class action suit

[Coffinhunter]

I mean this as a legit question.

My 2003 S only has 26,000 miles on it (Not a daily driver until now). I expect to put a lot mre miles on it in the near future. After reading this site, and many others, I first got a little paranoid about the IMS bearing failure. However, the more I read, the more it looks like it is about a 1-4% failure rate. Sure when it fails it REALLY sucks, but it is not that common.

So now this thread is talking about a class action case and I just can't see that holding up. At worst let's say the 4% is the actual failure rate. How many products in the world have a greater failure rate than that? Honestly?!

We choose to drive expensive cars. They are not the most expensive out there, but if you don't want high cost maintenence or repairs, buy a Ford Fusion. I would be willing to bet they have a 4% failure rate on a major component. And I am a Ford guy (other than my Porsche). My wife had a 1995 (I think) Town & Country Mini van. The transmission went out at 38,000 miles (2,000 after warranty of course). Looked around the tranny shop and there were a ton of dodge/chrysler mini vans. No class action though.

Here is a quick internet search on failure rates, all above the Boxster IMS:

Repair rates for 3- to 4-year-old products.
Product Repair Rate
Laptop computer 43%
Refrigerator: side-by-side, with icemaker and dispenser 37
Rider mower 32
Lawn tractor 31
Desktop computer 31
Washing machine (front-loading) 29
Self-propelled mower 28
Vacuum cleaner (canister) 23
Washing machine (top-loading) 22
Dishwasher 21
Refrigerator: top- and bottom-freezer, w/ icemaker 20
Gas range 20
Wall oven (electric) 19
Push mower (gas) 18
Cooktop (gas) 17
Microwave oven (over-the-range) 17
Clothes dryer 15
Camcorder (digital) 13
Vacuum cleaner (upright) 13
Refrigerator: top- and bottom-freezer, no icemaker 12
Range (electric) 11
Cooktop (electric) 11
Digital camera 10
TV: 30- to 36-inch direct view 8
TV: 25- to 27-inch direct view 6

* SquareTrade

So enjoy the ride!

[CenterIsl]

Originally Posted by Coffinhunter

However, the more I read, the more it looks like it is about a 1-4% failure rate. Sure when it fails it REALLY sucks, but it is not that common.

And there are some things you can do to reduce that individual probability (change oil, check filter, magnetic drain plug, IMS Guardian, IMSB).

More importantly, there are things you can do to mitigate a catastrophic loss, the most obvious of which are to purchase an aftermarket warranty, use the Porsche dealer for maintenance (building goodwill) - or else sell the car and purchase something else with a warranty.

But the crux of this whole thead is that there are people who don't want to invest in the former, don't want to mitigate, but still want to be compensated. There are also folks who move into a flight path, and then try to get the flight path moved or runway shut down. They are pursuing something in their own self interest, and trying to suck you in to their venture.

[cbbepop]

Ppl who had suffered IMS issues, and can be proven that it was no fault of their ownership such as never changing an oil or throwing in some supercharger, should be compensated.
That is what's right. Simple as that.

Ppl who are worried but have not had IMS problems should not be compensated. Ofcourse its noted that their ownership of such vehicles will be hurt but who really bought this vehicle just to resell it for a huge trade in?