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Extended Warranty Question – 4 years/75K Miles

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Old May 2, 2011 | 08:53 AM
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Extended Warranty Question – 4 years/75K Miles

My Cayman S is now 4 years old and I don’t plan to get rid of her anytime soon. I have 24,900 miles on the car and my warranty expires in two weeks.

I spoke with the leasing group at Momentum Porsche in Houston Friday and they said if I purchase an extended warranty before 25,000 miles and before my warranty expires, this will save me over $1,000 on the warranty.

They said they would sell me an additional 4 years and up to 75,000 warranty with a $250 deductable for $2,800. They would also cover the cost of a “mandatory” 120-point inspection.

Finally, they require an oil change prior to the warranty going into effect. I just did my 20,000 mile service recently and a Porsche oil change is not cheap.

Is this a good deal? I have a meeting with the warranty person at Momentum at 5pm today to discuss further.
 

Last edited by brick; May 2, 2011 at 08:57 AM.
Old May 2, 2011 | 12:02 PM
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Usually its around $2,000-$2,500 for a certification. Try to get them down some more. Is this a factory extended warranty they are offering you?
 
Old May 2, 2011 | 04:09 PM
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The warranty is offered by a third-party but they say it is supposed to be the equivalent of the Porsche factory warranty.
 
Old May 2, 2011 | 04:14 PM
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Originally Posted by brick
The warranty is offered by a third-party but they say it is supposed to be the equivalent of the Porsche factory warranty.
Nothing is equivalent to the Porsche CPO warrany; the Porsche CPO is a mirror reflection of the new car warranty.


Make sure you understand what you're getting.
 
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