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Extended warranty - do I or don't I?

ORIGINAL: kitchens Searched for this code ..does anyone have a note of it and also the companies contact details. ................. Brian
Hi Brian The code is: PC98 Contact details when you use the link from PCGB home page.
 
Iv had my cayman for 6 months got 2years 6 months warranty with it with porsche and iv just had my clutch and fly wheel go and was gutted as iv only done 6,000 miles and thats mainly motorway. price coming in at £2100 fitted luckily for me they found a oil leak which ment it was covered under warranty so they would do the oil leak and the labour was covered under warranty so i only had to pay for parts then managed to get the parts discounted and ended up paying £1,100 so saved 1k if had to renuew it i would defo
 
I'm in the same position too. My warranty expires next month on my 07 Cayman S. I've claimed a few times on mine including some work on the front suspension and the air conditioning as well as repeatedly trying to fix a leaking front tyre that wasn't sealing properly. As its due a service Guildford OPC are waiving the inspection fee and also quoted with/without the Breakdown cover so top marks to them! I don't think my nerves can take not having it covered so I will be extending for a further year as I don't think I'll be keeping the car longer than that. I also need brake pads/discs all round so my final bill is going to be the price of a small used hatchback!!
 
Just took my Cayman in to Guildford OPC to get a faulty hand brake switch fitted under the extended warranty. When I booked it in I also mentioned the front suspension makes a squeaking noise when wet. Turns out they need to replace a front shock absorber and ball joint. They also found a corroded radiator. All to be done under the warranty. Looks like I will be renewing the warranty again in October. With regard to the shock absorber, this is the third replacement fitted in the four years I've owned the car (2 years ago both fronts were replaced). Anybody else getting through this part at this rate? I know the roads in the Thames Valley/Surrey area are not exactly smooth, but this does not bode well for long term reliability.
 
I've been giving this serious thought and at the moment I'm swaying with going with the UVW that is mentioned earlier in this thread. If anyone else has used them then please get in touch with any feed back. With UVW you can get 'wear & tear' covered so this will cover a lot more than the Porsche warranty.
 
ORIGINAL: dominique As its due a service Guildford OPC are waiving the inspection fee and also quoted with/without the Breakdown cover so top marks to them!
Can you tell me what they quoted you without breakdown cover??
 
As you say in your previous post - you'll have to get your brake disc and pads replaced before they'll renew the warranty!! Small hatch back indeed!!
 
I spoke to UVW last night and apparantly Alasdair ,the UVW represetative, will be at Cornbury House on the 3rd March to discuss UVW policies with fellow Porsche owners. Does anyone else know about this meet / event??
 
Hi, yes the eternal question warranty or not? Does god exist?.... It is my time on Monday... Renew or not... No claims in 2 years, then had a claim year 3 when the aircon made a funny noise... They replaced the compressor and full re gas etc which I felt went towards the cost... As Dyllan said can you sleep at night.. Or more importantly drive and enjoy your car without the worry of engine issues... Which quite frankly is ridiculous as other manufacturers don't seem to burden their customers with. Rant over.... I haggled with my local OPC to the best price for warranty... Checked with a few others also... Bottom line the warranty costs £660 no vat plus whatever they do the check for. If you can get the check for free, good call for £660 I think it's good value and you can sleep for 1 year. I got them to £750 for the full deal which is ok... Fingers crossed for a claim now??? Good luck[&:]
 
Given this a game of risk - insurance and warranty companies are good at it as well, I decided to give it a miss. I bought my Caymen from 911Virgin at the screen price and had the 111 point inspection and service done at Revolution Porsche in Brighouse (top outfit, no affiliation). Bottom line was simple for me - the Caymen was approx. £2k below OPC prices, the service and a few extras was £700 (£1300 in pocket) and the report was the car was a good example with no issues. For me, I now have £1.3k in the 'war chest' as a staring point. Given the 'fine line' issues of warranties in general I am happy with my decision.
 
I can confirm that Alasdair Lepper the General Manager of UVW will be at the Open Day in Cornbury House on Sun March 3rd. He has been working on a policy that he can offer exclusively to PCGB members. He would be delighted to discuss the product with Club members. Brendan Daly Operationd Director
 
All I fully understand how everyone feels over about this warranty stuff. Could it be a clever money making ploy by Porsche UK. If the cars are really that unreliable why did we buy them in the first place. Why are the repair bills so high compared to other manufacturers. Or are they? If you had a high performance Jaguar or something like that would you take out the warranty. I bet the cost of repair would be similar to that of Porsche. So if you have a car just out of warranty 2 years old and intend to keep it say 10 years it is likely to cost you in the reason of £7,500 just in warranty costs. Unless you are very unlucky it is unlikely you will have repairs to that value. However if it goes wrong suddenly and you have not got funds to hand to fix it then that's another matter. Are Porsches really that unreliable that everyone is scared not to have a warranty. I think not. They would be driven out of business if they were. Unless of course they survive on the warranty cost!!!!!!!!
 
Until a few weeks ago I may have agreed having only had a £900 claim in the last yr for new sensors!! But last week I got the call that meant a new replacement engine at £12k plus 4 weeks free loan of a new 981 boxster so I will not be risking it !!!!
 
ORIGINAL: Cayman295 All I fully understand how everyone feels over about this warranty stuff. Could it be a clever money making ploy by Porsche UK. If the cars are really that unreliable why did we buy them in the first place. Why are the repair bills so high compared to other manufacturers. Or are they? If you had a high performance Jaguar or something like that would you take out the warranty. I bet the cost of repair would be similar to that of Porsche. So if you have a car just out of warranty 2 years old and intend to keep it say 10 years it is likely to cost you in the reason of £7,500 just in warranty costs. Unless you are very unlucky it is unlikely you will have repairs to that value. However if it goes wrong suddenly and you have not got funds to hand to fix it then that's another matter. Are Porsches really that unreliable that everyone is scared not to have a warranty. I think not. They would be driven out of business if they were. Unless of course they survive on the warranty cost!!!!!!!!
That is good logic. I guess not many would take out the warranty for just the small ticket items as it would represent a poor investment and it would be better to put the money away yourself. But with certain models of engine, there is the risk of catastrophic failure. However, the occurance is so rare and the worry disproportionately high, so the warranty must be highly profitable i.e. more people putting in than taking out. I don't know how the ratio of people extending the warranty on Porsches compares to that of other marques but it's certainly something I had never considered before with other cars, so that's noteworthy in itself, (for myself personally). It's a tough decision and when my gen 1 Cayman came up for warranty renewal (at 46,000 miles with no problems except a water pump replaced under warranty) I decided that I should extend the warranty. In the end I weighed up all my options and ended up side-stepping the decision and changed the car. I'm not saying that I changed the car to avoid the engine scares or paying up to extend the warranty. I had another irresistible option. Nor can I predict what will happen with my current DFI engine. IMHO, deciding to extend the warranty 'should' be about your personal decision on whether you can take a chance on one or 2 issues arising per year in the region of a few hundred pounds each. That's fine and I personally would take the chance and put the money aside. However, it's hard to bring myself to pay up to insure against expected issues in the regions of thousands of pounds or total engine failure. That surely isn't what modern, premium cars are about is it? I'd rather not buy the car at all. I must admit that I didn't know about the engine issues related to the gen 1 Cayman before I bought it and I was too in love with the car once I had it so I felt that if I did decided to extend the warranty, the joy of driving this car was worth it. However, had I known before hand, i'm not sure if I would not have bought it. Maybe Porsche's issues get more coverage because the expectation is higher than with other marques, which would be unfair; I don't know. I'd like to hear of experiences with other marques. When my current warranty comes up for renewal i'm not sure what i'll do. If I feel that I won't be able to sleep without it, that might put me off the car rather than pay up. I'm hoping that my experience with the car over the remainder of current warranty period shows me that I do not feel the need to extend it.
 
ORIGINAL: dyllan Until a few weeks ago I may have agreed having only had a £900 claim in the last yr for new sensors!! But last week I got the call that meant a new replacement engine at £12k plus 4 weeks free loan of a new 981 boxster so I will not be risking it !!!!
Sorry to hear about that dyllan and I hadn't seen your post when I was typing. I'm glad that you were covered and your example resonates precisely with my own personal dilemma regarding cars and warranties.
 
ORIGINAL: dyllan Until a few weeks ago I may have agreed having only had a £900 claim in the last yr for new sensors!! But last week I got the call that meant a new replacement engine at £12k plus 4 weeks free loan of a new 981 boxster so I will not be risking it !!!!
Dylan, Could you give the details of why it was decided a new engine was required, I assume it was the dreaded IMS problem that is often the reason with Gen I engines? I'm sure this will help others see the importance of extended warranty. Chris
 
Really sorry to hear about your woes Dylan but at least your case illustrates the significant advantage of having the extended warranty when something catastrophic happens to a high ticket item such as the engine. However, the fact that you also had a £900 claim for new sensors (>1 year's warranty cost) shows that high costs can also be incurred for what might be considered relatively minor problems with PC labour charges in the region of £120 per hour (and rising?). Like others here, I've never contemplated taking out an extended warranty policy before purchasing the Porsche and I'm still undecided whether or not to do so again when renewal is due in October. For the limited annual mileage that I cover, it doesn't appear to be great value - although low mileage doesn't necessarily equate to a low incidence of problems of course..! I suppose it's down to how comfortable you are with the long-term durability of the miriad of electronic and electro-hydraulic components which make up today's high-tech high performance sportscar. Jeff
 
ORIGINAL: dyllan Chris . Once I have full and exact details I will post them up cheers Dylan .
Thanks Dylan. Are you able to share at this point what mileage your engine had covered?
 

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