Do I need to extend the warranty?

[kempez]

The answer to the OP is Yes.

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[MrJones02]

100% extend the warranty, and do so before the factory warranty expires or they need to do a full checkup and that's going to cost you extra.

 

[Jonathan S.]

How do I go about shorting the stock of all the companies foolish enough to offer Taycan extended warranties / service plans if they are such a sure winner for Taycan owners?

 

[Dee]

Yea don’t hesitate buy that warranty if it’s offered through Porsche. This is not a car to own out of warranty. The smallest error will be more then $2,000.

No.
Replacing a sensor for the electric charge port is under €100.
Reroute the emergency cable, same thing.
On my own request: replace the white Porsche letters with glacier blue ones, including left and right rear lights, including coding: €850.

 

[Tooney]

How do I go about shorting the stock of all the companies foolish enough to offer Taycan extended warranties / service plans if they are such a sure winner for Taycan owners?

You sound like @Dee.
I hope you two will share your learnings and savings after going warranty naked.

 

[Dee]

How do I go about shorting the stock of all the companies foolish enough to offer Taycan extended warranties / service plans if they are such a sure winner for Taycan owners?

Obviously there's a profit in this.
Most issues will be in the first years of a car, Porsche knows that, I know that, these insurance companies know that but not everybody knows that.
There are some lemons out there but most Taycans are perfectly fine.
Common issues:
Heater.
22 kW onboard charger.

My heater is being replaced under warranty soon so I'm good.
I don't have the 22 kW OBC so it can't break down.
Nope, I won't do extended warranty cuz my car is pretty bulletproof after 5 years of ownership.
I'm doing less than 20.000 kilometers the upcoming 3 years so I can afford an issue of €4500 (the cost of 3 years extended warranty) by that time and if it doesn't have issues I've saved €4500.
I'd rather pay for broken stuff than have money thrown away if it doesn't break down.
Just a personal choice.

 

[Jonathan S.]

You sound like @Dee.
I hope you two will share your learnings and savings after going warranty naked.

I plan to use my savings to upgrade to a Taycan Turbo S, especially since according to some pundits they will be nearly free in a few years.

In all seriousness, of course buying an extended service plan is the risk-averse choice.

And my ongoing experience with the critter repair has me getting ever more nervous about such risks!

However, I do have a Porsche specialist literally around the corner from me.
He's not cheap, but $149/hr is less than half the dealer.
And he definitely takes on some advanced repairs (e.g., a 911 whose drivetrain was pretty much sliced in half by highway debris, requiring lots of welding, along with parts sourced from various coasts and continents).

I'll ask him whether, in theory, he would be willing to take on more Taycan-specific repairs.
(And what he thinks of these extended warranties / service plans.)

I had a nice chat with a fellow customer who's been servicing his Model S there pretty much every since it debuted (the customer bought it with the profit on his Tesla early stock buy!), because he's already been taking a high-end German ICE there for years, and this guy was willing to trying servicing a Tesla when nobody else would locally.

Copied below is a quote I recently obtained.
If I plan to drive this car into the ground (and I can't think of why I would not want to -- unless of course the repair costs become prohibitive), then another 72k miles (so sometime in 2028 for me, well before the 72 months expires) would be $6,795 for a $500 deductible.

The contract is posted HERE.

*****

2022 Porsche Taycan
VIN: WP0BA2Y19NSA67077
Miles: 42,568

Fidelity Platinum: Example contract is attached. Page 4, Section 15 are your only exclusions, your suspension is included. EV coverage is explained on Page 2 Paragraph 3.

36 months / additional 36k miles:
$100 deductible
-$6,675
$250 deductible
-$5,479
$500 deductible
-$4,436

48 months / additional 48K miles:
$100 deductible
-$9,011
$250 deductible
-$7,243
$500 deductible
-$5,571

60 months / additional 30k miles:
$100 deductible
-$9,133
$250 deductible
-$7,339
$500 deductible
-$5,640

60 months / additional 60k miles:
$100 deductible
-$9,861
$250 deductible
-$7,897
$500 deductible
-$6,038

72 months / additional 60k miles:
$100 deductible
-$10,422
$250 deductible
-$8,321
$500 deductible
-$6,331

72 months / additional 72k miles: (Coverage until November 2030 / approx 114,568 miles on the vehicle)
$100 deductible
-$11,273
$250 deductible
-$8,972
$500 deductible
-$6,795

ALL TAX INCLUDED

Best regards,

Trenton O. Gibson
Advertising & Marketing Manager
Highline Autos
Direct: 602.909.9216
Office: 480.348.0777
www.highline-autos.com

 

[Caraholic]

No.
Replacing a sensor for the electric charge port is under €100.
Reroute the emergency cable, same thing.
On my own request: replace the white Porsche letters with glacier blue ones, including left and right rear lights, including coding: €850.

Not through the Porsche dealer their labor cost alone will be worth more then your quoted costs. You can be as risky as you like but any work through the dealers is easy in the four figures for typical Taycan problems. Just one example is the high voltage charger that is a 5-8k job depending on the dealer.

 

[Tooney]

@Jonathan S.
1. Have you compared costs of service plans from other providers/dealers?

2. The contract document you linked to seems off to me. It does not seem EV oriented.

When I asked for a specimen contract a year or so ago, I was first given a similar ICE oriented contract. When I asked about its ICE orientation, sales rep said, oh sorry, here is the EV plan.
I posted the EV plan "Porsche Platinum" on this thread.
Have not purchased a plan yet.

Edited: I'm guessing your contract is with Fidelity Warranty Services. Concern in a post on another forum that some Porsche dealer was not accepting Fidelity plan.

 

[neilj007]

Just collected my Taycan from having the brake hose recall. Found one of the cooling fans was stuck - £2-£3k job (but under warranty thankfully) apparently as Porsche recommend changing both

 

[Jonathan S.]

@Jonathan S.
1. Have you compared costs of service plans from other providers/dealers?

2. The contract document you linked to seems off to me. It does not seem EV oriented.

When I asked for a specimen contract a year or so ago, I was first given a similar ICE oriented contract. When I asked about its ICE orientation, sales rep said, oh sorry, here is the EV plan.
I posted the EV plan "Porsche Platinum" on this thread.
Have not purchased a plan yet.

Edited: I'm guessing your contract is with Fidelity Warranty Services. Concern in a post on another forum that some Porsche dealer was not accepting Fidelity plan.

1. Not yet. (And are you challenging me to create a big spreadsheet for all this?)
2. Based on the contract, Fidelity seems to be offering the same contract to fit all vehicles, given that it includes the following: "ADDITIONAL HYBRID/PLUG-IN ELECTRIC/COMPRESSED NATURAL GAS/HYDROGEN COMPONENTS: Electric motor/generator(s) all internal components; inverter/converter/transformer units including all internal components and cover; continuously variable transmission and all internal components; power split device and all internal components; reduction/reducer box and all internal components; seals and gaskets."

I'll ask what my local indie thinks of Fidelity.
I suspect the dealer will badmouth Fidelity in hopes of selling me their own brokered plan. But that will give the dealer a good opportunity to be competitive on whatever they offer.
(To be continued...)

 

[Jonathan S.]

Amusing comments here on a forum for a fellow VAG pricey vehicle:

https://www.r8talk.com/threads/has-fidelity-platinum-ext-warranty-been-worth-it.181418/

"there's tons of owners on here that are practically bankrupting fidelity so yes I think its worth it"

"In my case I paid $4,500 for a 10 year 100k mile warranty in 2018/9 for a 2014 model year car with 8,000 miles. Now at about 77,000 miles on the car and I believe all the warranty claims have totaled about 70k. Fidelity paid them all without a complaint."

"I had warranty for my previous 2010 R8 from a company other than Fidelity and it more than paid for itself in the less-than-a-year timeframe I had it (and I received the prorated refund after cancelling the policy when the car was totaled). Apparently that company has since stopped covering R8s so that should tell you how much they were paying out."

"I just had a brand-new V8 engine and two magnetic ride shocks replaced by Fidelity on my 2014 R8. Cost $52,000"

Excellent assessment there also:

"Fidelity, like any insurer, is going to learn over time. The sweetheart deals, I believe, were more a product of poor and small data pools back in the day. Well, there's far more data now. Fidelity has faced their fair share of "strut" replacements and A/C repairs, for example. They likely know the weak spots as well (or better) than most of us now. It just took some time, and the prices have adjusted to reflect that knowledge. But, for a while, I'd say the R8 was a blind spot - an obscure, low volume car, still relatively new, that wore an unassuming "Audi" badge. It's not a blind spot any longer."
"So, I'll go back to my original statement. In general, you'll lose out on a deal like this IF the insurer is doing their job properly - their actuary tables and data are up to date and well-informed. I think the "good ol' days" of cheap warranties are gone for MOST R8s (all but perhaps the newest), so you'll need to take some of our older stories and positions with a grain of salt. As I said, the economics were different. That said, the other factors still hold - perhaps you have a car that you suspect will need work, or your financial situation would be really strained if you came upon a big repair, etc. Otherwise, I think for all Gen-1 owners (particularly), you're in "self insure" territory these days... and for some of the newer Gen-2's, there may still be some good deals to be had out there."

The conclusion might be that Fidelity has yet to think through the Taycan sufficiently.
Which could mean that $6.8k for me to cover any repairs over the $500 deductible during the span of 72k miles beyond the OEM warranty is a near certainty to pay off for me.
(Maybe ...)

 

[Tooney]

@Jonathan S. Your post states EV coverage is on page 2 para 3. That seems to include EV battery, if the contract language means the HV propulsion system battery.
But I think there is exclusion later for anything covered by manufacturer warranty.

Interesting. The Porsche platinum plan specifically excludes EV battery.

I'm not looking for a spreadsheet comparing costs from various sources. Posts seem to suggest prices for same coverage varies.

 

[JimBob]

Wow! $4,500 for a 10 year warranty. The Porsche 3 year extended warranty I got at time of purchase on MY 2020 , valid until December 2027 was for $4,600 US (converted to USD). If I lived in Florida or California, I would ask if they do home owners insurance.

 

[Jonathan S.]

Yes, this:
"hybrid/EV/hydrogen battery (nickel-metal hydrate or lithium-ion drive propulsion battery)"
... definitely has to cover the HV battery.

However, anything already under warranty is definitely excluded.

Since the OEM warranty is 100k miles, and since the longest service plan is 72k miles plus the current mileage (which would be 49,999 at the time of any service plan purchase), that means that FWS has a narrow mileage window for being on the hook for HV battery replacement.

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