Keeping for a long time - ongoing running costs

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MCS
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Joined: Sat Nov 12, 2016 3:52 pm

Post by MCS »

That's a good point - essentially I feel self-insuring is a more efficient approach. Porsche extended warranty is essentially an insurance product as well as the third party providers.

On-Track
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Location: Staffordshire

Post by On-Track »

thewanted wrote: Thu Feb 11, 2021 2:27 pm If you've decided to keep it for a long time, what made you decide against extending the warranty?
Like MCS, I "self insured". My repair costs in the final two years for warranty eligible items was £1,250 though it could easily be more than that if it hadn't been for a dealer contribution. £1440 buys you two years peace of mind but whether it saves you money is a matter of luck.
Peter

Current: 2020 Carmine Red GTS http://www.porsche-code.com/PMST9ZI9
Gone- 2015 Sapphire Blue Diesel
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bobajob
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Joined: Sun Jan 05, 2020 6:24 pm

Post by bobajob »

Also having a Porsche warranty can prevent you from using independent specialist for non-warranty work potentially adding to total cost of ownership.

As already stated an extended warranty is insurance and is a personal choice based on attitude to risk. I like the security of having a Porsche warranty but not sure if I will renew when it expires. I'll have to see how risk adverse I feel at the time!
Spud
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Location: Nottingham

Post by Spud »

On-Track wrote: Fri Feb 12, 2021 11:09 am
thewanted wrote: Thu Feb 11, 2021 2:27 pm If you've decided to keep it for a long time, what made you decide against extending the warranty?
Like MCS, I "self insured". My repair costs in the final two years for warranty eligible items was £1,250 though it could easily be more than that if it hadn't been for a dealer contribution. £1440 buys you two years peace of mind but whether it saves you money is a matter of luck.
That’s very true but I’ve weighed it up and at around £1.97per day for 24 months I like the peace of mind 😉
GTS Delivered April 2018
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MJT147
Posts: 29
Joined: Thu Nov 19, 2020 10:51 am

Post by MJT147 »

The warranty, as I have found out, is worth its weight in gold.

I’ll certainly be extending mine when the time comes.
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