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Good advice, good advice. I will be lurking on these boards for the right time to strike.
No, I am very happy with my pay, elated even, new job...sigh, again, I am trying to determine if I can make a 996 fit within my budget/priorities. A 996 with a blown engine wouldn't, a 996 with a blown engine and a good warranty would; what is so unusual about that? :/ It wouldn't fit because I have to save up for a downpayment on a house, I have student loans to pay off and between those two and paying for a vehicle there isn't much room.
bmohr; yes, because calling the warranty company is always the best measure of their reputability. That is like asking your waiter if the chicken florentine is good. Sadly most warranty companies are about as reliable as Diamond Jim's used car salesmen. And yes, people can measure AND limit my risk for me. You measure it by taking a good look at the perceived rate of failure, matching it up against a reputable warranty company and then limit it by getting the most appropriate warranty.
Thank you for the thoughtful replies - I really need to think about this a lot. Almost everyone has been extremely helpful in helping me make up my mind about things, and in offering useful information. It really helps to get this perspective.
And what is with the unnecessary comments about how if I am interested in buying a car with a well publicized potential engine defect under a warranty that protects me from a financial disaster that I would somehow be better driving a Honda? So all of the time I spent at the track with my M Coupe learning about driving would have been better spent on a hybrid because now that my next car interest is in a vehicle with a measurable risk I may as well conduct a personal penisectomy, put it in a high-yield savings account and call it a day? Or is it that you are such a hardcore a p-car dude that even your "I don't give a f*** if my engine explodes because I will just power the car with my titanic-ego and if you don't have the liquid assets to cover a blown engine at any time you should be driving a honda" elitist swagger makes you feel better about yourself? So I am interested in a warranty so that I can enjoy my car without fear of a 13-20k bill for a blown engine, so what? So get a Honda? So all of the sudden calculated risk management is incompatible with wanting to own a sports car? What exactly is it in this particular forum that inspires a select few people to make comments like this to visitors coming here with a genuine interest in their vehicle looking for advice to formulate a plan to ensure their ownership and enjoyment of said vehicle is a fruitful one? Everyone else recognizes the issue and offers constructive information. It's not like this is a ricer board or something that attracts such a demographic.
So if the car is 8 years old I can only get the coverage until it turns 9 years old? Or can I get it at 8 and carry it to say, 12?
Is this plan backed by an insurance company so that if they fold I will still have coverage? Also, how much did you pay for your platinum plan?
Why did you choose carchex over other options? What were the other options and why did you reject them?
Lightfall started following Reputable aftermarket warranty? Porsche extension possible?
This is a digression from my previous post with the expressed purpose of getting a more pointed answer on the matter of engine failures and peace of mind. It is my understanding that most warranties are provided by companies with low or false financial reserves, the chances of them being around in a few years is about the same as the chance that my engine will fail, and that even fewer are exclusive warranties that everything except what they expressly exclude from coverage. So, are there any warranties out there that have been known to be able to cover these engine issues without legal battles from a company that has been around and will be around? Also, on a 1999 C2 with 34,000 miles is it possible to purchase a warranty from Porsche to cover the engine issues? If so, how and how much? I am desperate to find a satisfying answer to this question so that I may convince myself to get my own 996 and enjoy all of the commuting that I have to do, so any help is much appreciated. Googling "aftermarket warranties" comes up with plenty of advertisements or hits, and bragging about financial backing and so forth but I was hoping to cut to the chase and find one that has been known to do the deed.
Also, Kim. The more that I read it the more I am annoyed by your comment. I suppose if I went from an M Coupe to lusting after a 996 that realistically a kia would be a much better option for me? The sarcasm was a well delivered effort to waste everyone's time when all I am looking for are answers to get my own set of keys to this remarkable car. Drporsche is the one who offered the most sensible reply out of everyone. His post was simple and informational and it came down to saying that engine deaths do occur, if you want the car and you are a financially responsible individual that your most prudent approach would be to get a warranty (a proper warranty) and then enjoy the vehicle lest you want to risk ruining yourself in the case that your budget doesn't allow for liquid assets of such magnitude (especially if it is your daily driver and you require a measure of reliability or reliability with an alternative mode of transportation that will be covered by someone else such as insurance or a warranty).
The bottom line is that I love these cars too, and I can appreciate people ripping on me. I wasn't bragging about my income, it isn't anything to brag about, I mentioned it for the simple fact that being 25 I am trying to make a fundamental decision between purchasing a car that by all means I love in every way except for the IMS-stigma, the only car that would make me spend more than 20k on a vehicle, and going the safe route to save up for another nice item like a downpayment on a house. I know this probably came off as an extremely rude remark and now I am embarrassed I assure you. I did NOT come here to knock these cars, I came here because I love the hell out of them and was looking for answers to get me into the driver's seat. So, given all of the research, all of the considerations, and so forth the most consistent answer seems to be that there are aftermarket warranties that will cover an engine explosion. The question is; which one of these warranties has a track record of being reputable, isn't a fly by night company with just as much probability of dissolving as the engine is exploding, and where can I sign up? I have a 99 C2 with a beautiful set of aftermarket wheels and 33k miles fresh off of service for 30k and I am absolutely in love with it. If it won't be eligible for a porsche warranty then I need the next best thing! //once again, my apologies for appearing less than ideal in my language, it was all for a good cause.
Nevermind...I have scoured the hell out of this forum now and I can officially say that I am disgusted with Porsche and their treatment of what is an obvious engineering defect that they should find embarrassing. I thought; I should just get a newer model, 02 and newer with the 3.6...then I saw plenty of reports of those failing in the same way. Then I thought, hmm...plunk down the few K on an aftermarket warranty; it seems as if these are quite hit-or-miss on whether you will end up screwed with a big bill, without a car for a while, with a lawsuit. The 996 911 seems like such an enormous gamble! I am now looking at the 911TT and GT3 as an alternative...too bad they are too damned expensive for me anyway. **** you Porsche I wish I didn't love these cars so much. But as a young professional who moves every 4 months around the country and has one daily driver and only makes 105k a year I don't think I can afford this gamble now and safely put away enough money for a large house downpayment in 3-4 years as well as a substantial retirement plan. Bullocks.
Lightfall replied to Mike D's topic in 996 Series (Carrera, Carrera 4, Carrera 4S, Targa)Would one of these warranties cover you if your engine decided to explode? $100 and the **** thing is replaced on their dime? Anyone heard of "MAP", was recommended here in CA at a dealer I was looking at an 02 at.
So then what kind of warranty will protect me? Can I buy a used car from a private party or a non-dealer with 52k miles and buy some sort of warranty that will bail me out if my engine rains on my parade? Or is there no way around that? Can I get said warranty if it is NOT from porsche and doesn't pass whatever their special elitist tests are? I almost pulled the trigger on an 02 with 64k miles and a 4 yr/50k mile warranty from MAP for 31k (an EFG company) but I had no idea if this warranty was legit, or would cover the aforementioned catastrophe. Anyone have advice on this now that it is down to the point that I don't know if I can NOT get a 996 911? //BTW the girlfriend really loved the hell out of it.
I really need to look into the warranty...another scary post!