Extended Warranty Offer

[Scandinavian]

Any other car I would agree but but not the Taycan. A relatively common repair can exceed that $6,500 easily. If $6,500 is a deal breaker get rid of the car before insurance runs out.

If you use the car for long distance tourist driving, it is invaluable. The Porsche Assistance with collection of car and passengers and possible repatriation before the car is repaired and repatriated to you can easily burn a huge hole in your pocket Without it.

Ask me how?

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[RAHRCR]

Any other car I would agree but but not the Taycan. A relatively common repair can exceed that $6,500 easily. If $6,500 is a deal breaker get rid of the car before insurance runs out.

Perhaps I hold the minority view on this but I suspect that those that cling to perceived warm blanket of an extended warranty have actually “extended” themselves a bit too much financially. There is an infant morality concept associated with a product during its lifecycle. That which is likely to break, actually does so relatively early in the cycle. Over time, the rest of it becomes a random. This is why you can buy an insurance policy for $6500 and still have the insurance company make money. Let that sink in. If it’s an emotional decision, I totally get it. Everyone deserves to be able to sleep well at night. If it’s a logical or financial decision, then well….I said what I said previously.

 

[Caraholic]

I agree with what you’re saying. That’s why I stated if the $6,500 was too high for them then get rid of this car now. I absolutely love this vehicle but it is not without its faults. These machines are extremely expensive to fix and to top it off half the time they fix the wrong thing. Out of warranty or insurance this becomes very expensive doing the same thing two or three times. I would never recommend this vehicle without a warranty. If there were third party shops that would be different but you are stuck with Porsches extortionate pricing. Take the gamble without warranty if you want but you can easily end up with a five figure repair bill. I think we will start to see these insurance premiums increase for Taycan. I don’t think they have had enough prior data to put an accurate cost on it.

This is coming from someone that has never purchased a warranty on his cars and that includes numerous Porsches and the temperamental Italians

 

[tigerbalm]

As I have just entered into my final (3rd) year of "new car" warranty cover, I got firmed up pricing for extended warranty cover for Taycan here in Ireland.

1 year: €1500
2 years: €2300
3 years: €3100

No deductible/excess on claims. Porsche Assistance/recovery is a €250/year additional on top of those prices. As I have mandatory European assistance with my insurance – I'll likely give it a skip.

At these prices – and as @Scandinavian mentioned in terms of labour and overall typical Porsche repair costs – this is a no-brainer cost to factor into my overall car budget.

Additionally, you have to pay for a 111-check at the time you request cover – usually about six weeks before new car warranty runs out. I'm unsure of the cost of that check – but if it aligns with a service there is some leeway given there.

Its clear with the pricing structure they are pushing you towards the 3 year cover. There isn't any price differences between the models. A Taycan costs the same warranty as a Turbo S.

Porsche will cover the Taycan with this warranty until its 13 years old. Then you are on your own.

 

[Scandinavian]

As I have just entered into my final (3rd) year of "new car" warranty cover, I got firmed up pricing for extended warranty cover for Taycan here in Ireland.

1 year: €1500
2 years: €2300
3 years: €3100

No deductible/excess on claims. Porsche Assistance/recovery is a €250/year additional on top of those prices. As I have mandatory European assistance with my insurance – I'll likely give it a skip.

At these prices – and as @Scandinavian mentioned in terms of labour and overall typical Porsche repair costs – this is a no-brainer cost to factor into my overall car budget.

Additionally, you have to pay for a 111-check at the time you request cover – usually about six weeks before new car warranty runs out. I'm unsure of the cost of that check – but if it aligns with a service there is some leeway given there.

Its clear with the pricing structure they are pushing you towards the 3 year cover. There isn't any price differences between the models. A Taycan costs the same warranty as a Turbo S.

Porsche will cover the Taycan with this warranty until its 13 years old. Then you are on your own.

When I extended my warranty, I did it at the same time as the service. And then I did not have to pay anything for the 111 point check. Seems it was part of it. And my pricing was very similar to yours

 

[Tooney]

Perhaps I hold the minority view on this but I suspect that those that cling to perceived warm blanket of an extended warranty have actually “extended” themselves a bit too much financially. There is an infant morality concept associated with a product during its lifecycle. That which is likely to break, actually does so relatively early in the cycle. Over time, the rest of it becomes a random. This is why you can buy an insurance policy for $6500 and still have the insurance company make money. Let that sink in. If it’s an emotional decision, I totally get it. Everyone deserves to be able to sleep well at night. If it’s a logical or financial decision, then well….I said what I said previously.

Don't buy insurance because insurance companies make money due to statistical probabilities being in their favor?

 

[McgR]

When I extended my warranty, I did it at the same time as the service. And then I did not have to pay anything for the 111 point check. Seems it was part of it. And my pricing was very similar to yours

Same for me. I extended within the normal warranty and payed 111 point check was not necessary. They needed to do a free inspection however. Mobility service was included in the warranty price but could also be purchased separately.

 

[tigerbalm]

Same for me. I extended within the normal warranty and payed 111 point check was not necessary. They needed to do a free inspection however. Mobility service was included in the warranty price but could also be purchased separately.

It's good to hear there appears to be a consistency to this within the EU markets. I'll push them on the costs of a 111-check when the time comes – or align to a (early) service.

 

[tigerbalm]

Perhaps I hold the minority view on this but I suspect that those that cling to perceived warm blanket of an extended warranty

For me – at least – that blanket is lovely and warm and fluffy and comforting. I see a large part of the warranty as hedging against labour costs at Porsche Centre. Especially in a small country such as mine which only has the one centre and therefore no competition to push down prices.

The warranty allows me to mostly fix a budget for the car – with a high degree of accuracy – protect me from unanticipated costs should something go wrong.

I'd prefer to "lose" ~€1000/year on extended warranty costs than have to hold €50,000 in fairly liquid assets to offset a major repair at any time.

My original Taycan 4S required €25,000 worth of warranty repairs within its first 18 months. While my current Turbo S has only cost €5,500, that’s still a significant amount.

From Porsche AG's perspective – offering me an extended warranty directly – keeps me in the car and in the brand. If I couldn't get a reasonable (in terms of cost and comprehensive coverage) warranty then my eye would start wandering over to other brands.

 

[JustWatching]

Don't buy insurance because insurance companies make money due to statistical probabilities being in their favor?

@RAHRCR is self-insuring because sounds like he can.

If you buy extended warranty for your car, extended warranty for your phone, extended warranty for your tires, extended warranty for electronics, extended warranty for your appliances at home - you are most likely going to be on the losing end.

Some of you/us probably don't buy Apple Care, why? because we are willing to risk a $1,000 purchase. We have probably had over 20-30 iphones for my entire family over the last decade. Never bought Apple Care, 1 dead phone over that period. I came out ahead.

The issue is the "$1000" in the example above is different for all of us. Some are willing/able to risk that, some $5,000, for others, the repair cost of a Porsche.

If you can't absorb the cost then yes buy the warranty/insurance. If you like predictability then yes buy the warranty/insurance.

I have another 16 months before my warranty expires. Fortunately I will get to see on this forum how the 2020s are doing in year 5-6 and then decide what kind of bet I am willing to make.

 

[slothinker]

@RAHRCR is self-insuring because sounds like he can.

If you buy extended warranty for your car, extended warranty for your phone, extended warranty for your tires, extended warranty for electronics, extended warranty for your appliances at home - you are most likely going to be on the losing end.

Some of you/us probably don't buy Apple Care, why? because we are willing to risk a $1,000 purchase. We have probably had over 20-30 iphones for my entire family over the last decade. Never bought Apple Care, 1 dead phone over that period. I came out ahead.

The issue is the "$1000" in the example above is different for all of us. Some are willing/able to risk that, some $5,000, for others, the repair cost of a Porsche.

If you can't absorb the cost then yes buy the warranty/insurance. If you like predictability then yes buy the warranty/insurance.

I have another 16 months before my warranty expires. Fortunately I will get to see on this forum how the 2020s are doing in year 5-6 and then decide what kind of bet I am willing to make.

I get both points of view and also appreciate that what constitutes a "big bill" varies by individual. However, regarding the example of a series of iPhones, the maximum exposure for any one of them failing is limited to the cost of the phone. Plus few fancy keeping their iPhone for 5-10 years.

The Taycan, with all its expensive parts and labor, and reports of those parts occasionally failing (like glass roofs and profound electrical failures) is a risky product to hold without coverage IMO. I liked the idea that you could put the $,$$$ in an interest-bearing account and then sell the car when the account is exhausted. However, the repair issue that exhausts your 'repair savings' might cost well over whatever the current balance in that account is. Unrepaired, a for sale Taycan might be worth precious little, depending on the issue.

A final point: what it cost to repair a part today is going to be rising year-to-year as Porsche adjusts prices to reflect inflation and other issues.

 

[tophamn]

It's good to hear there appears to be a consistency to this within the EU markets. I'll push them on the costs of a 111-check when the time comes – or align to a (early) service.

If your car already has a Porsche warranty you shouldn't need the 111-point check if you extend the warranty before it expires.

 

[Tooney]

@Dee is gonna let us know how going warranty naked on his Taycan works out for him...
Extended warranty, again? Or just see what happens?

 

[WattTurbo]

Any other car I would agree but but not the Taycan. A relatively common repair can exceed that $6,500 easily. If $6,500 is a deal breaker get rid of the car before insurance runs out.

100%. I got 2 front air struts replaced and that was already $5k, and that’s just a “small” item with the Taycan.

 

[Jonathan S.]

100%. I got 2 front air struts replaced and that was already $5k, and that’s just a “small” item with the Taycan.

I can cope with something like that.
Especially since it's not specific to the Taycan, so I can bring it a few blocks away from my house to the Porsche indie -- he's not cheap, but at $149/hr, he's less than 1/2 the dealership, and I trust his workmanship better.
I'm instead worried about something like a $20k or even $30k repair that only the dealer can perform.
OTOH, if I do buy the $4,475 Safe-Guard service plan (not really a warranty) via the Nashua NH Porsche dealer (out to 100k miles, with 72 months from the in-service date , and $250 deductible), then I have to wonder how keen the Hartford CT Porsche dealer will be to deal with Safe-Guard, especially since the Hartford dealer sells a different plan ...
... as for buying a service plan from the Hartford dealer, the website features a plan from Zurich, and so far all my inquiries to my service advisor, the dealer business manager, and the dealer general sales managers have been met with extended ghosting.

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