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The "catastrophic engine failure" issue is one that plagues us un-wealthy Porsche owners. I don't know what I would do if faced with a $14k engine replacement bill. That's more than half what I paid for the blinking thing!
Plus, it's like getting a car back after a serious crash ... it's never quite the same as it was before.
If the failure could be definately traced to some kind of known manufacturing defect (porous block, for example) I would think an uncooperative manufacturer might be made somewhat more cooperative by a discussion with an attorney. Maybe not a freebie motor, but some "help" anyway.
I would think that second, and subsequent, owners are in a much weaker position than an original owner, however.
Some years ago I had a leaky head gasket ruin the V-6 engine in a Chevy S10 pickup about 2000 miles after the warranty ran out. Fortunately I had complete maintenance doc showing oil changes, anti-freeze replacement, etc. In the end GM split the cost of a new engine with me, so it ended up costing me about $1,300 instead of twice that. An object lesson for keeping that Boxster maintenance record clean, guys! Two hundred dollar oil changes and $1000 major maintenance bills are expensive, but a lot less than having to swallow a new-engine bill.
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