Extended warranties or service plans
#1
Extended warranties or service plans
I'm looking at a 5yr/60,000 mile plan with $100.00 deductible at $4350.00. Platinum plan which covers everything. And being told its basically a bumper to bumper warranty. Was curious as to others who have purchased similar plans and how much you spent. If the dealership is in the ballpark or a little over board on their pricing. With the vehicle and the cost I spent on my recent scheduled maintenance. Its definitely worth getting just for any unforeseen repairs.
#4
I'm looking at a 5yr/60,000 mile plan with $100.00 deductible at $4350.00. Platinum plan which covers everything. And being told its basically a bumper to bumper warranty. Was curious as to others who have purchased similar plans and how much you spent. If the dealership is in the ballpark or a little over board on their pricing. With the vehicle and the cost I spent on my recent scheduled maintenance. Its definitely worth getting just for any unforeseen repairs.
You did not mention warranty company. I am assuming Fidelity Warranty Services which is a good warranty organization.
As for pricing, always a good idea to get two or three competitive pricing on the same coverage with the same Fidelity product. Call Fidelity Warranty customer service and ask for the names of 5 or more dealers (any brand of vehicle works as they all sell the same product) and call them (or stop by and speak to the F&I manager) and explain that you are looking for a quote. I saved almost 45% from my Porsche dealer quote compared to the Honda dealer who sold me the policy. I think the pricing you got was a bit high and suspect you can get the same policy for a lot less.
Mark
Last edited by mjsporsche; 06-09-2015 at 04:35 AM.
#5
You don't need it, until you need it!Then you can talk about catastrophic! I have Fidelity Platinum also 5 year 60,000 and I believe I spent right around $4000? It was from the Porsche dealer where I purchased it.
Last edited by MYC2SPC; 06-09-2015 at 08:08 AM.
#6
And the small things add up as well. My dealer charged Fidelity $1250 for replacing the failing TPMS sensors.
#7
You did not mention warranty company.
As for pricing, always a good idea to get two or three competitive pricing on the same coverage with the same Fidelity product. Call Fidelity Warranty customer service and ask for the names of 5 or more dealers (any brand of vehicle works as they all sell the same product) and call them (or stop by and speak to the F&I manager) and explain that you are looking for a quote. I saved almost 45% from my Porsche dealer quote compared to the Honda dealer who sold me the policy. I think the pricing you got was a bit high and suspect you can get the same policy for a lot less.
Mark
As for pricing, always a good idea to get two or three competitive pricing on the same coverage with the same Fidelity product. Call Fidelity Warranty customer service and ask for the names of 5 or more dealers (any brand of vehicle works as they all sell the same product) and call them (or stop by and speak to the F&I manager) and explain that you are looking for a quote. I saved almost 45% from my Porsche dealer quote compared to the Honda dealer who sold me the policy. I think the pricing you got was a bit high and suspect you can get the same policy for a lot less.
Mark
Yeah didn't mention the company because I was corresponding with a member from my local Porsche dealership. So that being said im sure it was a fidelity but was never specified through our emails. BTW great advice and thnx for the tip.
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#8
Unless you have the upgraded bearing in your 08 you may end up with a catastrophic failure. Or even your oil seals. which 05-08 are known for and is why I opted for an 09. To steer away from those engine issues. But you honestly cant put a price tag on piece of mind. I actually learned that through my first marriage. Glad shes gown!
#9
Unless you have the upgraded bearing in your 08 you may end up with a catastrophic failure. Or even your oil seals. which 05-08 are known for and is why I opted for an 09. To steer away from those engine issues. But you honestly cant put a price tag on piece of mind. I actually learned that through my first marriage. Glad shes gown!
Did you buy an extended warranty for your '09?
#10
The peace of mind aspect is the top selling point.
#11
No that's what im looking into now. And is the reason for this thread wanting to make sure the asking price of the policy is average or way high.
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