Porsche Extended Warranty late 2021 Taycan

[69Mach390]

I have a 2022 Taycan and I'm thinking about extending the Porsche warranty. It costs €1500 per year here, is it worth it?

I charge the car to 80% every day, is that okay?

In general extended warranties equal tons of profit for the dealership/manufactuter.

That means as a whole it’s never worth it.

Unless you’re one of the unlucky ones with an expensive repair not covered under the 8 yr powertrain warranty.

As far as charging %, Porsche suggests 85% daily max and 100% as needed.

Long term studies show only a few percentage degradation at over 100,000 miles based on extreme differences in charging behavior.

So unless you plan on keeping this car for hundreds of thousands of miles……. Charge it however you like and as needed.

Downside of charging to a lower %- you have less range and less horsepower.

I always thought it’s ironic that EV owners purposefully charge to a lower % (which gives you less range) out of fear that in a decade they’ll have battery degradation (less range).

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[AutoX]

Anyone notice that the cost of an extended warranty is at least twice as expensive in the US compared to Europe?

 

[lcarron]

For 12k mileage per year they quote me: 1 year 6K, 2 years 7.5K. Of course by extending the 4 years warranty.
I wish I could take year two without paying the year one.

 

[LotusPhil]

If it helps you make your mind up then let me tell you that my 2021 CT4 has now had £17k of warranty work done in my two years of ownership. No warranty excess to pay, I get a Porsche loan car and the £1200 or so warranty premium didn’t increase this year because of all the claims…
I think you’d be daft to go elsewhere
Phil

 

[phild]

For 12k mileage per year they quote me: 1 year 6K, 2 years 7.5K. Of course by extending the 4 years warranty.
I wish I could take year two without paying the year one.

Thats crazy prices in the UK we pay $1.4k for 1 year warranty.

If it helps you make your mind up then let me tell you that my 2021 CT4 has now had £17k of warranty work done in my two years of ownership. No warranty excess to pay, I get a Porsche loan car and the £1200 or so warranty premium didn’t increase this year because of all the claims…
I think you’d be daft to go elsewhere
Phil

Thanks for the info. We’ve got the car booked in for the 111 point warranty check next week with Porsche

 

[Robertoba]

In general extended warranties equal tons of profit for the dealership/manufactuter.

That means as a whole it’s never worth it.

Unless you’re one of the unlucky ones with an expensive repair not covered under the 8 yr powertrain warranty.

As far as charging %, Porsche suggests 85% daily max and 100% as needed.

Long term studies show only a few percentage degradation at over 100,000 miles based on extreme differences in charging behavior.

So unless you plan on keeping this car for hundreds of thousands of miles……. Charge it however you like and as needed.

Downside of charging to a lower %- you have less range and less horsepower.

I always thought it’s ironic that EV owners purposefully charge to a lower % (which gives you less range) out of fear that in a decade they’ll have battery degradation (less range).

But does the rear motor have an 8-year warranty?

 

[69Mach390]

But does the rear motor have an 8-year warranty?

Yes, at least in the US. It’s a mandatory 8 years, 100k miles for the battery system, drive unit and related electrical components.

It’s a required federal law.

 

[Leccy61]

In the UK at least, the 8 year warranty is for the HV Battery, don’t think it includes anything else. Makes it more surprising that we appear to pay less for an extended warranty and less surprising that many owners see them as essential!

 

[MY22PCT]

Hi

it’s probably been said before, but: you’d be crazy not to have a Porsche Extended Warranty and if you can afford it, the 3yr version which has the lowest unit cost. The logic is that one warranty repair can save you the warranty cost.

I have owned my Taycan since new in March 2022. It is currently in the dealership for its 13th or 14th warranty visit.

‘My’ dealer’s hourly labour rate is c£234. Just the labour costs of a few visits can justify the warranty cost.

For example, a corroded cable that went from the front of the car into the back of the dash took 10 hrs labour to identity, extract & replace according to my dealer. It’s eye watering that something so innocuous could attract such a massive bill.

The current visit is c£5000 of warranty work… …and they haven’t finished yet!

I could write a book…

 

[69Mach390]

Hi

it’s probably been said before, but: you’d be crazy not to have a Porsche Extended Warranty and if you can afford it, the 3yr version which has the lowest unit cost. The logic is that one warranty repair can save you the warranty cost.

I have owned my Taycan since new in March 2022. It is currently in the dealership for its 13th or 14th warranty visit.

‘My’ dealer’s hourly labour rate is c£234. Just the labour costs of a few visits can justify the warranty cost.

For example, a corroded cable that went from the front of the car into the back of the dash took 10 hrs labour to identity, extract & replace according to my dealer. It’s eye watering that something so innocuous could attract such a massive bill.

The current visit is c£5000 of warranty work… …and they haven’t finished yet!

I could write a book…

You say logic, but the math is against you.

Buying extended warranties is a bad “investment,” you’re much more likely to spend more on the warranty than you will ever get in repairs out of it. That’s why dealers push them so hard. There is plenty of profit to pay the finance manager, pay the salesperson, pay the dealer, pay the manufacturer, pay for the advertising, pay the warranty company…….. and pay for the repairs.

Quick AI search said that as little as
8 cents of every dollar spent on extended warranties goes to repairs. That seems low, but the real number probably isn’t much off of that.

It is an emotional/fear purchase only. And if the fear of a potential costly repair makes you lose sleep, you should pay for the comfort of mind that an extended warranty gives you. And that’s ok.

But I’ve always thought that if someone has to scare you in order to sell you something, the product must not be very good.

 

[Fish Fingers]

My car was Aug 2021 and had I guess, about £20-30k of warranty work over its first 3 years.

3 heaters alone at a cost of about £4‐ £5k each, with someone here now on their 5th heater.

 

[69Mach390]

My car was Aug 2021 and had I guess, about £20-30k of warranty work over its first 3 years.

3 heaters alone at a cost of about £4‐ £5k each, with someone here now on their 5th heater.

For sure there are always exceptions to the rule. But that doesn’t change the rule.

That’s just how statistics work anyways. I could say that you probably don’t need to walk around with an umbrella today because only 8% of the planet is getting rained on at any moment…… and someone will pop in to say they just got rained on.

Luckily your repairs were all covered under the regular warranty though. Yes out of warranty repairs can be expensive. Yes some people will get value out of the extended warranty…… but the vast majority will not.

What should YOU do? Educate on the pros and cons and decide whatever you like.

If we made all our purchases based on logic rather than emotions, I don’t think Porsche would even exist.

 

[Robertoba]

In the UK at least, the 8 year warranty is for the HV Battery, don’t think it includes anything else. Makes it more surprising that we appear to pay less for an extended warranty and less surprising that many owners see them as essential!

I'm from Spain, and I don't think I have an 8-year engine warranty either... so in that case, is it worth paying extra for the Porsche warranty? Or is there another company that offers this?

 

[Leccy61]

@69Mach390
I buy into what you say, no way are manufacturers providing an extended warranty in their name if it’s not profitable. In addition, the multiple issues J1.1 Taycans have had since launch have mostly been remedied through the factory warranty and/or recalls. I haven’t had issues for several months so maybe the worst is over and of course the big one, the HV battery, is covered separately.

However, I concluded we may have an outlier with the Taycan. In my market (UK) Taycan warranty pricing is the same as a Panamera, a mature product. Maybe Porsche are sucking it up on the warranty price and it represents value versus the risk.

@Robertoba
8 year HV Battery cover is worldwide, if by engine you mean the rest of the power train you would need cover (in the US they say this is part of the 8 year cover but I don’t believe it is elsewhere). There are other companies you can get a warranty from but a Porsche Warranty will likely beat anything when you compare cover and cost.

 

[BigBob]

For sure there are always exceptions to the rule. But that doesn’t change the rule.

That’s just how statistics work anyways. I could say that you probably don’t need to walk around with an umbrella today because only 8% of the planet is getting rained on at any moment…… and someone will pop in to say they just got rained on.

Luckily your repairs were all covered under the regular warranty though. Yes out of warranty repairs can be expensive. Yes some people will get value out of the extended warranty…… but the vast majority will not.

What should YOU do? Educate on the pros and cons and decide whatever you like.

If we made all our purchases based on logic rather than emotions, I don’t think Porsche would even exist.

None of us have the data, but the Taycan seems to be a big outlier (from empirical evidence) regarding the amount of issues and the cost of fixing things vs other (established and tested) models. This car has had a lot of recalls and we don't know what other gremlins Porsche have baked into this car that would fall short of a (free) recall, but mean there is limited life on a component. They've demonstrated with their LG HV battery escapades that they could well have sourced a lot of shite parts. New widget £75, Labour to extract and fit £2000 etc. + vat obv.

So while i agree with your general principle that as a porsche (and cars in general) owning cohort we'd be better off self insuring collectively, I'm not so sure you're right in the case of the Taycan. Moreover, the risk-reward (ie the huge repair bills) should be at play here especially given the residual (low) values of the car). Fancy a self write-off? No thanks.

Insurers don't always make profits on every product segment and car manufacturers similarly don't on all models.

First thing I did when my car hit 3 was take out the 3yr warranty. I'm about 9 months in and no claims. Still very happy with that purchase and attribute quite some value to peace of mind of owning it. I'd echo what others have mentioned regarding porsche vs 3rd party warranty. The lack of options away from the dealership network makes that a non-starter.

With the exception of one other car, i think it's the first time i've taken out extended warranty in over 30 years of car ownership. Pretty sure I've done the right thing this time around.

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