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Old 04-04-2016, 11:53 AM  
Donger Donger is offline
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Used Car Warranties
I'm actively looking to purchase a used vehicle for my son to drive, and was curious about the worth and cost of a warranty for it. Suggestions, particularly if there's a reputable outfit out there, would be welcomed. Thanks!
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Old 04-04-2016, 06:33 PM   #46
Abba-Dabba Abba-Dabba is offline
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Old 04-04-2016, 06:47 PM   #47
hometeam hometeam is offline
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Quote:
Originally Posted by tmax63 View Post
My personal rule of thumb has been "be your own insurance". Take the money you would spend to them and put it away to yourself in some form of savings/investment instrument just like they would. If they're willing to bet you won't need it then you should too. They have done alot of research to know exactly the break even point so they can make money off of you and paying that to yourself is using their research for free. And it's there if you do need it.
Except with a service contract, you pay whatever.. 1200-1800 bucks up front, and thats it.

In your method, you save up the 1800 bucks and put it away.. ok engine breaks, 17 grand in this case.

Lots of OMG NOBODY NEEDS WARRANTIES THEY DONT COVER ANYTHING in this thread.. I can tell you thats just not the case. I have many years in the business both selling and service writing for warranties. A comprehensive warranty covers nearly any problem you might have. If the warranty isnt comprehensive, dont buy it. Dont take advice of people who arent experts on this subject, because like most things involving used cars, its a bunch of misconceptions parroted by people who have next to no experience regarding the subject matter. Me, Sauto, and maybe the other cat who said he was a service advisor would be the only people to listen to in this case.

Is there a chance you might not use it? Sure. Same chance with that health insurance thats mandated by the government, Same thing with gap coverage, same thing with comprehensive auto coverage.. Does that mean you dont need them or that they arent worth it when something happens? Not hardly.

Is that a chance your willing to take on a porsche.. that nobody wants to work on, that has extremely expensive parts, that people wonder why the **** you would buy one for a kid anyways? Sure, is it a pain in the ass for a service advisor to get shit covered sometimes? Yes. Did I ever have a warranty company deny a customer of mine coverage when they had a true failure, and not some bullshit they where trying to fake? Never.

Buy the warranty if you have to have this car. Tell them you will buy it at cost only.

Thank me later~
Last edited by hometeam; 04-04-2016 at 06:53 PM..
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Old 04-04-2016, 06:55 PM   #48
hometeam hometeam is offline
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If this was a chevy cavalier or a Ford Focus? If this was something that was a know reliable type of car? The chances are you have an insane repair bill are much smaller.

With a Porsche? That warranty is worth a lot more, especially considering they are high dollar pieces of shit. (The sell price of the warranty will reflect this)

Why are you buying a porsche for a kid again? Buy a known good kind of car. If the kid wants a sports car, there are so many better options out there.
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Old 04-04-2016, 07:05 PM   #49
Donger Donger is offline
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Originally Posted by Baconeater View Post
Why on earth would you buy a kid a Porsche? If anything, buy it for yourself and give him that boring VW you drive.
I'll drive it for two years or so, then either give it to the boy or sell it. The GTI will be my back up.
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Old 04-04-2016, 07:13 PM   #50
SAUTO SAUTO is offline
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I would agree on a Porsche. Buy a full coverage warranty and find a reputable shop.
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Old 04-04-2016, 07:36 PM   #51
Chief Pote Chief Pote is offline
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I'll drive it for two years or so, then either give it to the boy or sell it. The GTI will be my back up.
I see the REAL truth comes out. You're having a mid life crisis and didn't want to admit it? I wish I could have a mid life crisis and buy a Porsche.
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Old 04-04-2016, 08:04 PM   #52
Pablo Pablo is offline
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Just buy him a Miata and throw a Porsche badge on the front. Make sure his tuba can fit in the passenger seat.
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Old 04-04-2016, 08:08 PM   #53
Bugeater Bugeater is offline
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That kid will never get his hands on that car.
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Old 04-04-2016, 08:23 PM   #54
lewdog lewdog is offline
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That kid will never get his hands on that car.
God let's hope that's the case.
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Old 04-04-2016, 08:37 PM   #55
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Doesn't Donger live in high altitude with snow and that car is rear wheel drive?
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