I'm looking ahead to the expiration of my factory warranty and I would like to ask all of you out there what will or did you do?
1. Just let the warranty expire and fix things as they may come up?
2. Purchase a third party warranty?
Other suggestions/options?

Best regards!

 

I have GEICO mechanical breakdown protection until 100,000 miles.
It's a very low yearly rate but it's for new cars only.
Personally, if I didn't have this, I would self-insure (and find a quality indy if you don't have one yet).

 

Since the early 70's I have saved over a million dollars (I think) by not buying the extended warranty on every TV, hi-fi, toaster, computer, vacuum, cell phone and car I've bought. Why do you think they push them so hard?

It's called self-insuring and I will do that with my 991S once the factory warranty expires. If I keep it that long.

 

The only warranties I've ever purchased are from Apple for my kids laptops and tire and wheel insurance for the 991. Both paid dividends greater than the cost. Extended car warranties, imho a waste

 

Extended warranties are always a gamble.

I don't think anyone can make a blanket statement that extended warranties are a waste of money. I have the 5 year wheel/tire package on my TTS, and have already broken even on it with two new rear tires and 3.5 years of coverage left.

I had a '93 Grand Cherokee and bought the 5/75 extended warranty. Got $5000 of work on that POS through the $600 extended warranty I bought, including a brand new transmission at 73,000 miles.

OTOH, after that car I switched to Japanese based vehicles and have not purchased an extended warranty on a vehicle since.

OP can buy an extended warranty up to the time his factory warranty expires. Might be a good idea, but I would not buy one without thinking long and hard about how long I would keep the vehicle, and matching any extended coverage to that ownership period. I would not buy a 7/100 warranty if I plan on getting a new car at 5 years, for example.

 

Mixed Bag.

Bought our '02 Yukon with a 3 yr/36K warranty when all the other marques were giving you 4 yr/50K. Was a bit nervous but didn't buy any extended warranty. Truck is about to turn over 192,000 miles and other than preventative maintenance and replacing some parts after 150K miles it's been amazing.

08 Cayman we bought the wheel/tire insurance and made money on it through nails in the tires. Didn't buy any extended warranty and nothing has broken after the 4 yr/50k reached.

14 991-50th bought used (8 months/5k miles) and paid about $2k extra for the CPO...time will tell on that one but it was more piece of mind than honestly thinking I would need it. I'll report back in March of 2020.

 

I will evaluate extended warranties on my TTS when and if I get near the end of my factory warranty. By that time, I should know whether I will keep it long past the end of the factory warranty or not.

 

I plan on keeping my 991 long after the 4 years (its almost 3 already) I also bought the wheel and tire insurance and it has already paid for itself thanks to NJ roads! I would just hate to think what it may cost to have to pay for a major component of the car if something were to go wrong. Thanks for all the comments and opinions.

 

Interesting question. Overall, manufacturer or third party warranty makes $ off the extended warranty. But with all the electronics, PDK in the current car, it will be pretty expensive if anything goes wrong and any component needed to be replaced. I think the most important thing is to look into what is NOT covered by the extended warranty.

With 991 going all turbos, I might tend to keep my NA one longer. So I will be looking into this not before long.

 

I guess this topic will be discussed more as the 2012 991's become 4 years old in 2016.

 

I would let it expire and finally be free of their pathetic service departments.
Find yourself a good Indy who actually knows what he's doing.
PCNA doesn't necessarily cover warranty stuff when it doesn't suit them.
The devil is always in the (very fine print) details.

 

Insurance companies have data (i.e. from other policy holders) about your car that enables them to price their policies to make a hefty profit. If an insurance company is charging $2k for a 3 year warranty for your car this should tell you that over the next 3 years you are likely (on average) to spend $2k in repairs minus the insurance company's margin on the policy (whatever that is, but probably somewhere in the range of 30-60%).

Insurance companies are taking on a small risk relative to their margin with each new policy they sell.

 

great information thank you!