Parts Catalog Accessories Catalog Tech Info Tech Forums
 
  Search our site:    
 Cart  | Project List | Order Status | Help    
  Join us November 1st for Casino Night at the Pelican Parts Open House!
Benefiting LuMind - Research and Treatment for individuals with Down Syndrome
Go Back   Pelican Parts Technical BBS > 1- Porsche Technical Forums > Boxster & Cayman Forum

Reply
 
LinkBack Thread Tools Rate Thread
Author
Thread Post New Thread    Reply
Registered User
 
Join Date: Dec 2011
Posts: 11
Peace of mind purchased....

OK.... bought a 2004 Boxster with 30K on the clock a week ago. One owner, dealer serviced.

I have been driving it scared with the known issues out there (IMS mainly). I was debating guardian, ims retro, forget about it, warranty.. PLUS, the cost of nearly any part would make any grown man cry. I decided to go the warranty route and sleep well. I made sure I bought the car "right" so I had room to buy a warranty.

SO... I decided to buy an extended warranty for the amount of time I expect to own it...

6 year/60K warranty.
60 day 100% money back guarantee (reading contract with fine tooth comb and still doing some research)
Exclusionary Policy.
Prorated Refund if requested.
Transferable.
Immediate Coverage.
Includes wear & tear (EX. a window motor is starting to go out and Porsche says its operating less than factory specs - the warranty replaces the motor now - not when it quits)
Includes seals & gaskets
Includes diagnostics of covered parts
Roadside Assistance
Towing & Rental Car
Travel Interruption
No cap on hourly mechanics rate (I said "most Porsche mechanics are near $150 an hour" - they said "no problem, there isn't a cap as long as its at an approved repair shop like a dealership")
Direct payment to repair shop


I called and discussed the IMS with a claims adjuster. Covered.

$4500 with $250 deductible (my choice on the $250 - they have zero and $100 I think).. that's like $75 a month. No interest 18 month payment plan.

If I cancel in 36 months, I effectively only paid $2700 for a 36 month contract.

I could have selected 36/36 for $3137. 48/48 for $3808. I still have 60 days to decide to qualify for the 100% refund.

Its covered til 12/20/2017 or 90K on the odometer.

From all my research, I could not find a complaint about the Costco warranty program. I searched all the Porsche forums possible.

FYI.. their phone is 877-900-9025.

This puts me in the car about $24K... a little more than I wanted.

Just sharing......

George

Last edited by GeorgeDean; 12-20-2011 at 04:43 PM..
Old 12-20-2011, 01:39 PM
  Recommend this thread for the PelicanWiki    Reply With Quote #1 (permalink)
Boxer Family
 
Doug&Julie's Avatar
 
Join Date: May 2003
Location: The Beave, OR
Posts: 5,535
Cool. Keep us posted on any claims you have. But let's hope you don't have any!
__________________
Doug
'86 911

PART OF MY SOUL: '76 912E, '06 Cayman S, '90 911 C4, '74 911, '78 911 Targa, '01 Boxster, '70 911T, '99 Boxster (#2), '72 911T, '88 911, '99 Boxster (#1), '84 911 Turbo Look, '73 911 Targa, '88 944
Old 12-21-2011, 03:58 AM
  Recommend this thread for the PelicanWiki    Reply With Quote #2 (permalink)
Registered User
 
ronster's Avatar
 
Join Date: Aug 2010
Location: Northern California
Posts: 1,144
Garage
I purchased a warranty on my '99 Boxster when I bought it and although it wasn't Costco it was a reputable company (sorry forgot the name) and they also claimed to cover most everything with a deductible. The first time I had to use them they claimed "pre existing condition" and refused to pay so I cancelled in the thirty days and got a full refund. Hope yours is better.
Old 12-21-2011, 07:47 AM
  Recommend this thread for the PelicanWiki    Reply With Quote #3 (permalink)
Registered User
 
dad911's Avatar
 
Join Date: Jul 2001
Location: NJ
Posts: 3,673
I have no experience with aftermarket warranties, but I seem to remember an issue over at he 911 board where another member could not collect on engine work.

$4500 buys a new clutch, water pump, IMS bearing, with a few grand left over..... Just sayin'....
Old 12-21-2011, 08:33 AM
  Recommend this thread for the PelicanWiki    Reply With Quote #4 (permalink)
Steve
 
Join Date: Jul 2010
Location: Wichita, Kansas
Posts: 182
I recommend you drive the hell out of that thing... get your money's worth.
Old 12-21-2011, 11:04 AM
  Recommend this thread for the PelicanWiki    Reply With Quote #5 (permalink)
Registered User
 
Join Date: Dec 2011
Posts: 11
I will keep you posted.... that's why I made this post to hopefully give some feedback on the Costco warranty.

dad911... Probably won't need a clutch (it was done at 20K when Porsche replaced the RMS & IMS seal) while I own it. Don't need a water pump yet. I debated long and hard about just replace the bearings and moving on... that was $1200 in of itself.

ronstar.... Pre-existing is not an issue b/c it JUST got its 30K service done at Porsche with flying colors.

I think having this car covered for SIX years is a good move especially with the policy being transferrable & refundable. Its cancellable EVEN if you have had a claim. Heck in 6 years I can afford a 2013.

George

Last edited by GeorgeDean; 12-21-2011 at 11:33 AM..
Old 12-21-2011, 11:09 AM
  Recommend this thread for the PelicanWiki    Reply With Quote #6 (permalink)
Registered User
 
Join Date: Dec 2011
Posts: 11
More info.. the policy can be cancelled and prorated refund given EVEN if you have had a claim...
Old 12-21-2011, 11:14 AM
  Recommend this thread for the PelicanWiki    Reply With Quote #7 (permalink)
Registered User
 
Join Date: Apr 2006
Location: Somerset, CA
Posts: 70
I am with Dad911...I am in the process of doing the clutch and IMS bearing upgrade from LN. Total bill so far= $1700.00 I could do it three times for $4500.
Old 12-22-2011, 01:29 PM
  Recommend this thread for the PelicanWiki    Reply With Quote #8 (permalink)
Registered User
 
recycled sixtie's Avatar
 
Join Date: Oct 2011
Location: Edmonton Canada
Posts: 2,794
Garage
I am fed up with...

insurance like extended warranties. I have had my 2001 Boxster since May and spent $1700 voluntarily on it - IMS guardian, cv joints etc, oil change etc. I have never had extended warranties for anything and dont plan to. Insurance cos. are out to make money and that is how they do it when u come to claim, exclusion clauses etc etc. They are smarter than the average joe and make $ off their customers. I go it alone and take a chance and by my theory I should be $$$ ahead. . Dont let me sway your decision but that is my 5 cents worth. To me there is nothing worse than when u spend big $ on insurance and you come to claim and you get nothing. Basically these kind of orgs. are corporate crooks. I feel my blood pressure going up on this topic. They are just plain nasty preying on the insecure.
Old 12-23-2011, 05:23 AM
  Recommend this thread for the PelicanWiki    Reply With Quote #9 (permalink)
závodník 'X'
 
intakexhaust's Avatar
 
Join Date: Sep 2010
Posts: 4,106
Garage
Quote:
Originally Posted by recycled sixtie View Post
insurance like extended warranties. I have had my 2001 Boxster since May and spent $1700 voluntarily on it - IMS guardian, cv joints etc, oil change etc. I have never had extended warranties for anything and dont plan to. Insurance cos. are out to make money and that is how they do it when u come to claim, exclusion clauses etc etc. They are smarter than the average joe and make $ off their customers. I go it alone and take a chance and by my theory I should be $$$ ahead. . Dont let me sway your decision but that is my 5 cents worth. To me there is nothing worse than when u spend big $ on insurance and you come to claim and you get nothing. Basically these kind of orgs. are corporate crooks. I feel my blood pressure going up on this topic. They are just plain nasty preying on the insecure.
Not worth your blood pressure rising and getting the big one. Life goes on with or without us. Read the related Boxster thread and a comment I made there. Now take a few deep breaths and pop open a cold one.
IMS Engine Blown Question
Old 12-28-2011, 10:45 AM
  Recommend this thread for the PelicanWiki    Reply With Quote #10 (permalink)
Registered User
 
recycled sixtie's Avatar
 
Join Date: Oct 2011
Location: Edmonton Canada
Posts: 2,794
Garage
I used to have a 98 Chrysler van awd etc...

and it was just outside of the regular warranty in terms of miles. They covered the transmission problem anyway which I thought was very good. As I have said above I will save the $ I would have paid for an extended warranty and just go it alone. Thanks for the offer of a beer but happy hour is 4 pm
Old 12-28-2011, 10:58 AM
  Recommend this thread for the PelicanWiki    Reply With Quote #11 (permalink)
Registered User
 
Join Date: Dec 2011
Posts: 11
I tell ya... I figure depreciation over the next $60K miles will be about $4500 and the 60K warranty cost me $4500.

So, that's $9000 total for $60,000

That's .15 a mile in depreciation and warranty/peace of mind.

Not too shabby....

Still considering all the options before my 60 day 100% refund period ends. Just might opt for refund and install guardian and change oil every 3K for "engine insurance".

George
Old 12-29-2011, 06:48 AM
  Recommend this thread for the PelicanWiki    Reply With Quote #12 (permalink)
 
Now Available for Ordering:   101 Projects For Your BMW 3 Series 1982-2000  [more info]
Registered User
 
feelyx's Avatar
 
Join Date: Oct 2000
Location: sac, ca. usa
Posts: 1,135
George,
I'm pretty sure your depreciation will be about 9000$ by itself in 6 yrs. + the 4500$ policy = 13.5k. I figure you paid around 19k/20k w/warrenty puts you at around your 24k figure. If you look around there are alot of "high mileage"(if one calls 90k high miles) 986's out there for under 9k right now, and in six yrs. thats where you will be. So my suggestion would be enjoy the car, it has a clean bill of health at 30k, drive it like you stole it, and don't look back, because then you will love it whatever cents per smile.
feelyx
__________________
----------------------------------------------------------------
98 Boxster
87 560sl
04 S2000
Old 12-29-2011, 08:33 AM
  Recommend this thread for the PelicanWiki    Reply With Quote #13 (permalink)
Registered User
 
Join Date: Nov 2008
Location: Sanford NC
Posts: 903
My depreciation for a bought below book '01S perfect car when sold over 6 years and lots less miles was $14.5k. I see no reason with the '04 being 2 generations (987, 981) out of date in 6 years that that figure wouldn't be about right for an '04 over 6 years too.
Old 12-29-2011, 04:01 PM
  Recommend this thread for the PelicanWiki    Reply With Quote #14 (permalink)
Registered User
 
Join Date: Sep 2011
Posts: 68
If you buy the extended warranty, It'll be like taking the 'over' on a bet...

...You'll kind of have to hope your car breaks down enough during your ownership to justify the $4500 plus $250 a trip. So if you are right financially, you'll be wrong for having purchase a ****ty car (no offense meant).

I'm 3.5 years into ownership on a 2000S with 100,500 miles (76K@ purchase). I'm in for $1600 including 6 tires (2 used fronts and a whole set last month). I have not had to have any work done that I was unable to perform.

That being said. If my car blows up tomorrow morning...
Old 12-29-2011, 09:23 PM
  Recommend this thread for the PelicanWiki    Reply With Quote #15 (permalink)
Boxer Family
 
Doug&Julie's Avatar
 
Join Date: May 2003
Location: The Beave, OR
Posts: 5,535
Quote:
Originally Posted by dghii View Post
That being said. If my car blows up tomorrow morning...
I think this is the key reason to buying a warranty or buying a certified car. It's not the $250 - $500 type jobs that would worry me, it's The Big One. I know the instances are low, but they are out there. In enough instances where I couldn't blame anyone for paying for a warranty.

FWIW two of the three Boxsters I've owned required motor replacement. One I paid for, the other under warranty. Take from that what you will...
__________________
Doug
'86 911

PART OF MY SOUL: '76 912E, '06 Cayman S, '90 911 C4, '74 911, '78 911 Targa, '01 Boxster, '70 911T, '99 Boxster (#2), '72 911T, '88 911, '99 Boxster (#1), '84 911 Turbo Look, '73 911 Targa, '88 944
Old 12-30-2011, 05:45 AM
  Recommend this thread for the PelicanWiki    Reply With Quote #16 (permalink)
závodník 'X'
 
intakexhaust's Avatar
 
Join Date: Sep 2010
Posts: 4,106
Garage
Don't forget that even if you are a DIY, you still have expenses... no way around that. So for example you are a DIY (like me), and we do our own blown motor due to a IMS bearing failure which may have way more going on... ruined shafts, chain tensioners, etc. and then you need some specialty tools.. just being easy here and you now have $1,500 spent. Whatever the extended warranty cost , just double check, verify the fine print. These Boxsters are wonderful drivers and cheap to buy on the used market but thats the trade off. One way or another, you have to pay. Something to think about.

Last edited by intakexhaust; 01-01-2012 at 10:52 AM..
Old 01-01-2012, 10:47 AM
  Recommend this thread for the PelicanWiki    Reply With Quote #17 (permalink)
Registered User
 
Join Date: Nov 2008
Location: Sanford NC
Posts: 903
But if the odds are relatively low and the cost of the warranty or certification were relatively high or you could get the used car for well less than the average price ... the amount you could save by buying the cheap car might make the decision different. Or if replacing the engine wouldn't be a big hit to your net-worth maybe you look at it a different way.

My first Boxster I bought for $4k less than I should have paid. My second was ~$2k less and $3.5k more less when you took into account the warranty I didn't buy. I figured I could buy another car at full price or this one and pocket $4k-$5.5k toward any needed repairs. Both cars were well near flawless..some luck, some maintenance, some good buying and a good PPI on the second car.
Old 01-01-2012, 04:54 PM
  Recommend this thread for the PelicanWiki    Reply With Quote #18 (permalink)
CEO, Pelican Parts Inc.
 
Wayne at Pelican Parts's Avatar
I think that if you don't work on your own car, then it might make sense, as costs can get out of range in a real hurry. I bought an extended warranty on the new Honda Minivan I just picked up last month. I think it's covered up to 120K or so for $3K and change. Seemed okay to me - with all of the cars I've got problems with, I need the minivan to be problem-free 100% of the time.

-Wayne
__________________
Wayne R. Dempsey, CEO, Pelican Parts Inc., and Author of:
101 Projects for Your BMW 3-Series101 Projects for Your Porsche 911How to Rebuild & Modify Porsche 911 Engines101 Projects for Your Porsche Boxster & Cayman101 Projects for Your Porsche 996 / 997
Coming in 2014:
• 101 Projects for Your MINI Cooper
Old 01-01-2012, 10:01 PM
  Recommend this thread for the PelicanWiki    Reply With Quote #19 (permalink)
Registered User
 
Join Date: Dec 2011
Posts: 11
Quote:
Originally Posted by Wayne at Pelican Parts View Post
I think that if you don't work on your own car, then it might make sense, as costs can get out of range in a real hurry. I bought an extended warranty on the new Honda Minivan I just picked up last month. I think it's covered up to 120K or so for $3K and change. Seemed okay to me - with all of the cars I've got problems with, I need the minivan to be problem-free 100% of the time.

-Wayne

Very interesting insight...
Old 01-02-2012, 06:38 AM
  Recommend this thread for the PelicanWiki    Reply With Quote #20 (permalink)
Old 01-02-2012, 06:38 AM
Reply

Thread Tools
Rate This Thread
Rate This Thread:

 



All times are GMT -8. The time now is 07:16 PM.


 
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0
Copyright 2011 Pelican Parts - Posts may be archived for display on the Pelican Parts Website -    DMCA Registered Agent Contact Page
 

DTO Garage Plus vBulletin Plugins by Drive Thru Online, Inc.