Extended warranty or not?

[JL4444]

Always!
My gear box faulted 1 month af warranty expired, around 10.000 euro cost.
Damn glad I decided to buy the extended warranty
+service was amazing, picked up dead car, loaner car etc

Speaking of faulty gearbox - how did yours fail?
Today, while rolling in traffic at ~5km/h, noticed a knock from the back when switching between normal and sport mode. I don’t remember switching the gears to be so noticeable and now, reading this thread, started to worry if my gearbox is also on its way out.
I have ‘22 t4s with 32k km.

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[DocOne]

Speaking of faulty gearbox - how did yours fail?
Today, while rolling in traffic at ~5km/h, noticed a knock from the back when switching between normal and sport mode. I don’t remember switching the gears to be so noticeable and now, reading this thread, started to worry if my gearbox is also on its way out.
I have ‘22 t4s with 32k km.

I think that it’s normal behave that some times there is a clonk.
Mine failed after a faster trip on the freeway and then on a slower road I was more or less just rolling approaching a traffic light. It definitely did not sound right when it happened, like something getting stuck

 

[Caraholic]

I have been reading posts on extended warranties with interest as I couldn't understand everyone's insistence on having a warranty on the Taycan at all times. I have always viewed insurance as risk management or a financial budgeting tool. My wife and I don't have extended health or dental insurance and we pay out-of-pocket when needed. We are in the minority but for healthy individuals, the consensus is that we will end up far ahead compared to buying insurance.

Since Porsche must be profiting selling extended warranties, would it not be the case that on average (i.e. statistically speaking), an owner would be better off paying out-of-pocket? I realize that its a crap-shoot whether you'll be the one hit with the massive bill or not. And if this is correct, given that a lot of Porsche owners are financially well off, I'm surprised that some aren't willing to just pay out-of-pocket. I wonder if its the fear having heard from others of their high service bills that scares them into getting an extended warranty even if the math says otherwise.

BTW, I was quoted about $5500CAN for 2 years extended warranty. I didn't end up needing it as I have a 2.5 year lease and the factory warranty plus the 2 year CPO warranty covers that period.

Stan

Roll the dice if you would like. My first Taycan turbo in two years of ownership had over a $100,000 in warranty repairs. This was also Porsches cost consumer would have been more. Now that I am on my second CPO Taycan, just within the first 10 miles I’ve already had a red drivetrain error. So I don’t trust these vehicles at all. I either have the worst luck ever or there are systemic problems with the model or CPO criteria.

 

[Bognar67]

The ones who have no problem obviously not come here.

That is why it seems all the cars made ever have 50-100k repairs every second week.
If that is the general truth, everybody have 100-200k repair for 2-3k insurance Porsche will go to bankruptcy tomorrow.

I would NEVER buy the same car after 100k repair in two years, even if it was covered.
Want to use them and live my life not counting how lucky I am having a warranty but the car in service not on the roads.

Living in the bubble of this thread actually I am not brave enough to sit in any Taycan for a while.

 

[Bognar67]

That said, of course it's a financial disaster. It's a Porsche. They always are.

Financially I sold my 911 C4 for the same price I bought 4 years ago (new one is much more expensive of course). My 3 yo Taycan has 50% of original value and a new one is still more expensive than my original price.
911 is one of the less depreciation car, Taycan the opposite.
I am sure my GT3 also not a Taycan depreciating car please.
I just thinking to buy a 911 991.2 GT3 as a daily. 2017-2018 models (7-8 yo cars) selling around of the original price +-5-10k.

 

[prj]

Financially I sold my 911 C4 for the same price I bought 4 years ago

My S8 costs about the same now as it cost when I bought it 7 years ago.
That doesn't mean it didn't depreciate, it just means money ain't worth anything these days

Tbh Taycan depreciation isn't anything special - if you take a new Audi A8, BMW 7 Series or MB S-Class then it's really more or less the same.

 

[Bognar67]

My S8 costs about the same now as it cost when I bought it 7 years ago.
That doesn't mean it didn't depreciate, it just means money ain't worth anything these days

Tbh Taycan depreciation isn't anything special - if you take a new Audi A8, BMW 7 Series or MB S-Class then it's really more or less the same.

Sorry but no Taycan that will have an equivalent value 7 yo than the buying price. recently a 5 yo has 40% or less value of its original price.
Additionally I compare to 911.

 

[prj]

Sorry but no Taycan that will have an equivalent value 7 yo than the buying price. recently a 5 yo has 40% or less value of its original price.
Additionally I compare to 911.

No, not compared to buying price - but the percentage drop is inline with other German top end luxury sedans.
911 holds value better, but if you care about depreciation you probably should not be driving a Porsche anyway, it kinda goes without saying that you should have disposable income for toys.

 

[Bognar67]

No, not compared to buying price - but the percentage drop is inline with other German top end luxury sedans.
911 holds value better, but if you care about depreciation you probably should not be driving a Porsche anyway, it kinda goes without saying that you should have disposable income for toys.

Just can repeat myself. I sold my 4 yo 911 C4 with 50k km for the price I payed for it 4 years ago. 4 yo Taycan sells on 40% of its original buying price. It is huge diff.

I am not agree to say "all Porsche". GT3s sells higher than original prices for example.

We lose on a 4 yo Taycan 80k, on the same 911 0-20k. 60-80k does not matters?

Everybody who works really for money cares about depreciation accepting the fact of that (most) cars are depreciation assets, but the level of it matters.

All of this because Taycan is not a reliable (especially EV)car, 2nd hand market almost dead because of the fear of repair costs and the known reliable issues.
On the other hand 911 ICE is a real value on the 2nd hand market, people are dying for them.

Finally I do not want to know what will be the price difference of an 8yo Taycan per 8yo 911 when the batt warranty is expired.

 

[prj]

Just can repeat myself. I sold my 4 yo 911 C4 with 50k km for the price I payed for it 4 years ago. 4 yo Taycan sells on 40% of its original buying price. It is huge diff.

The 911 is a cherry picked example.

Take a Cayenne or a Panamera and compare the price. A 4 year old Panamera with a new price higher than that of a Taycan also goes for similar price as a 4 year old Taycan - maybe 5-10k difference. At least in Germany.
Same goes for the Cayenne.

Just because 911 holds price well, does not change the entire market.

 

[Bognar67]

The 911 is a cherry picked example.

Take a Cayenne or a Panamera and compare the price. A 4 year old Panamera with a new price higher than that of a Taycan also goes for similar price as a 4 year old Taycan - maybe 5-10k difference. At least in Germany.
Same goes for the Cayenne.

Just because 911 holds price well, does not change the entire market.

Here you are Panamera GTS/Taycan GTS:
(Cayenne is a SUV live it now)

Panamera GTS 2022, 50-60k km ---- 100-104k ----
https://suchen.mobile.de/fahrzeuge/...d228-5270-7f21-c612-18a64ce5a8db&s=Car&vc=Car

Taycan GTS 2022, 50-60k km ---- 75-82k---
https://suchen.mobile.de/fahrzeuge/...6a1c-1485-cd23-9f120827a6eb&s=Car&sb=p&vc=Car

THE DIFF IS 22-25K.

 

[prj]

Here you are Panamera GTS/Taycan GTS:
(Cayenne is a SUV live it now)

Panamera GTS 2022, 50-60k km ---- 100-104k ----
https://suchen.mobile.de/fahrzeuge/search.html?dam=false&fr=2022:2022&isSearchRequest=true&ml=50000:60000&ms=20100;4;;gts&ref=srp&refId=7490d228-5270-7f21-c612-18a64ce5a8db&s=Car&vc=Car

Taycan GTS 2022, 50-60k km ---- 75-82k---
https://suchen.mobile.de/fahrzeuge/search.html?dam=false&fr=2022:2022&isSearchRequest=true&ml=50000:60000&ms=20100;30;;gts&od=up&ref=srpHead&refId=106023c4-6a1c-1485-cd23-9f120827a6eb&s=Car&sb=p&vc=Car

THE DIFF IS 22-25K.

I was comparing a 4S and a Panamera 4S from 2021.
Taycan starts around 50k, Panamera around 60k.

But also keep in mind that a new Panamera GTS starts at 171000 EUR.
A new Taycan GTS starts at 148000 EUR.

And in the past also the Panamera was significantly more expensive than the Taycan.
Also your search is flawed, you put a fixed 10000 km range (why?), which makes the sample size very small.

If I remove your artificial limitations, I get 76800 for a Panamera with 80000km and 68000 for a Taycan with 90000km. Less than 10k difference in price.

Seems right on the point, considering the Taycan was cheaper new by around 15-20k. Comparing the GTS is further quite flawed in countries with high CO2 taxation, because you would have paid an additional 10k+ in car tax over the 4 years as well, the 4S e-hybrid is a better comparison, since the CO2 is lower.

I just don't see what you are seeing - I see a completely standard curve. Maybe you haven't bought a lot of german luxury sedans new before - they all depreciate like this, it's nothing special.

 

[Bognar67]

I was comparing a 4S and a Panamera 4S from 2021.
Taycan starts around 50k, Panamera around 60k.

But also keep in mind that a new Panamera GTS starts at 171000 EUR.
A new Taycan GTS starts at 148000 EUR.

And in the past also the Panamera was significantly more expensive than the Taycan.
Also your search is flawed, you put a fixed km range, which makes the sample size very small.

If I remove your artificial limitations, I get 76800 for a Panamera with 80000km and 68000 for a Taycan with 90000km.

Seems right on the point.

Also count that, Taycan's prices rather theoretical since sitting on lots forever, Panamera sells immediately.

I compared the GTS and 50-60k km to know how about my car since I have a 2022 GTS with 58k km.

But for me a 911 is perfect since do not need 4 seats, much more livable sized and especially weighted. So personally comparing Taycan to 911 knowing everybody's preferences are different .

Doesn't matter I will keep it for another 3 years so will have a lot of discussion up to that.

 

[Bognar67]

Maybe you haven't bought a lot of german luxury sedans new before - they all depreciate like this, it's nothing special.

I rather bought GT3s and other 911s new. Maybe I'm poor.

 

[prj]

Also count that, Taycan's prices rather theoretical since sitting on lots forever, Panamera sells immediately.

That's just hearsay. My J1.1 Turbo S sold in 3 days, at a price that would surprise you

I compared the GTS and 50-60k km to know how about my car since I have a 2022 GTS with 58k km.

Nobody is going to pay you 25000 EUR more for a car with 8000 or 9000km less, that's the reality. Creating such artifical conditions seems very strange.

Either way. Try a Bentley Flying Spur for depreciation

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