Porsche approved pre-owned

[gt4rs.wp]

Are all approved car prices before 2 yr warranty added? Don’t recall that being the case previously!?

[ChrisW.]

It wasn't when I bought mine.

Porsche approved is I believe a specification that includes their 24 month warranty ... though this is an insurance product with insurance paperwork.

[Maxym]

Price includes the two-year warranty (assuming car is not SOR and is a pukka Porsche-approved item). And the two years are added to any remaining original manufacturer warranty.

[Nuttcase]

I think the term "optionally available" is misleading / inaccurate. The 24 months minimum warranty is an integral part of the used approved scheme according to their website.

Maxym said:

Price includes the two-year warranty (assuming car is not SOR and is a pukka Porsche-approved item). And the two years are added to any remaining original manufacturer warranty.

I don't believe that is the case. For a used approved, the extended warranty and OEM warranty compliment each other sequentially so that you will always have at least two years of warranty post-purchase, but not more than three years. E.g. if you purchase a car that is 6 months old, then you will only have the manufacturers remaining 2.5 years warranty; in that case no extended warranty is issued. If you purchase a 1.5 year old car, then you will have the remaining 1.5 years manufacturers warranty and an additional full year of extended warranty which can only commence when the manufacturers warranty expires and can only be issued in full years. That's why you will usually end up with 2 years x months warranty when buying used approved. Best case scenario would be to buy a car that was a day over it's first or second birthday; that way you would have just under 3 years warranty.

[ChrisW.]

The one or two years approved OPC warranty is also added to any remaining extended warranty that there may be on an SOR car. So for example with my May 2018 car bought in December last year, I had the remainder of the extended warranty that the original owner had bought plus the 24 months OPC warranty (the car was sold SOR) ... totalling 30 months. Hence there is still 18 months remaining ...

This was included in the price I paid for the car, not an extra.

[elan362]

^same for me when I bought a 718 Boxster S from Cambridge OPC. it came with 8 months warranty from the previous Owner, plus 24 months additional warranty as part of the price of the sale. The car was invoiced in 2 parts. The majority was the sale price less the warranty cost. The second payment was the warranty separate.. Combined they added up to the agreed sale price

[Discombobulate]

ChrisW. said:

The one or two years approved OPC warranty is also added to any remaining extended warranty that there may be on an SOR car. So for example with my May 2018 car bought in December last year, I had the remainder of the extended warranty that the original owner had bought plus the 24 months OPC warranty (the car was sold SOR) ... totalling 30 months. Hence there is still 18 months remaining ...

This was included in the price I paid for the car, not an extra.

That is when the car has an existing extended warranty. It does not apply - as far as I am aware - to cars still in original manufacturer's warranty. So if you buy a year old approved 992, you will only get 2 years warranty, rather than 4 years.

[Maxym]

Discombobulate said:

ChrisW. said:

The one or two years approved OPC warranty is also added to any remaining extended warranty that there may be on an SOR car. So for example with my May 2018 car bought in December last year, I had the remainder of the extended warranty that the original owner had bought plus the 24 months OPC warranty (the car was sold SOR) ... totalling 30 months. Hence there is still 18 months remaining ...

This was included in the price I paid for the car, not an extra.

That is when the car has an existing extended warranty. It does not apply - as far as I am aware - to cars still in original manufacturer's warranty. So if you buy a year old approved 992, you will only get 2 years warranty, rather than 4 years.

When I bought my 2 year-old car in 2020, I had the remaining year's warranty plus the 24-month 'used approved'. I've since extended the warranty (of course).

[Discombobulate]

Maxym said:

When I bought my 2 year-old car in 2020, I had the remaining year's warranty plus the 24-month 'used approved'. I've since extended the warranty (of course).

Then it does run sequentially. Never realised that (and I have bought two nearly new 911s). Valuable extra.

[Jeremy-75qq8]

I have a Cayenne. I bought it privately. The person I book it off bought as Porsche approved.

I am a hybrid as I ended up with 4 years from new ( so 3 years new car and a year on top).

I did not know about the extra year until it broke down with a brake issue and it was covered under warranty.

I " should " have had a total of 5 years I would have thought but I was not the person buying from the Porsche dealer the seller was.

[Nuttcase]

Jeremy-75qq8 said:

I have a Cayenne. I bought it privately. The person I book it off bought as Porsche approved.

I am a hybrid as I ended up with 4 years from new ( so 3 years new car and a year on top).

I did not know about the extra year until it broke down with a brake issue and it was covered under warranty.

I " should " have had a total of 5 years I would have thought but I was not the person buying from the Porsche dealer the seller was.

It would/should only have a total of 5 years if the car was older than 2 years old when purchased by the previous owner.

[shibby!]

This may be because it's sale or return.

When I bought my GT4 I enquired about 1 or 2 others, in trying to negotiate the price down there was a dealer that was going to remove the added 2 year warranty.

It turns out that was sale or return.

[Nuttcase]

The statement is in there for almost all used approved cars to indicate that part of the minimum 2 year warranty may be an insurance product, and you are not obligated to buy it, even though it's included in the listed price. I assume it's in there for compliance with financial / insurance regulations i.e. the dealer can't make a sale conditional on taking out an insurance product, hence the opt-out clause. Click on the description "Price may include optional insurance" under the listed price and you will read :

QUOTE
This price may include an optional insurance product
The vehicle price includes a minimum of 24 months Porsche Warranty and a minimum of 24 months Porsche Assistance cover. This cover is comprised of any residual unexpired Porsche New Vehicle Warranty/Porsche Approved Warranty and Porsche Assistance service/policy remaining on the vehicle and, where this is less than 24 months, the cover will be topped up with a Porsche Approved Warranty insurance policy and a Porsche Assistance insurance policy to assure a total minimum coverage of 24 months (the “Top Up Insurances”). It is not mandatory to take these Top Up Insurances. Please speak to your Porsche Centre for further details.
UNQUOTE

Edited by Nuttcase on Tuesday 24th December 16:59

[SV_WDC]

The approved warranty is a financial product and buried in the paperwork will be something about the questions they asked to check product suitability. That is probably why it is 'optionally available'.

But all cars are supplied with minimum 24 months. As others have said, if there is warranty from a previous owner this is how you can end up with >24 months.

Also, within the Approved Warranty paperwork does it say it is possible to get a pro-rata refund on the product if you no longer want it (as long as certain conditions are met). So I guess technically you could buy the car, then apply for the refund.

EDIT: Listed price should include the warranty

Edited by SV_WDC on Friday 27th December 21:55

[Nuttcase]

Without starting a new thread does anyone know how far in advance of factory warranty expiry you can purchase an extended warranty? Eg my car is 2 months old and it's a keeper so could I purchase an additional 3 year extended warranty now? (Dont want to debate the pro/con of doing that)

[ags11]

Interesting theory…
Can’t see why not, presume you’d still need to do the check, really no different to being close to expiring?

Could l ask what the keeper is? It’s obviously good if you’re doing the above!

[Nuttcase]

It's a turbo cab. I'll send the SA an email tomorrow. There isn't really anything to check right now with 800 miles on the clock and service not due for a long while.

[Jeremy-75qq8]

It will cost you £2850 for 3 years. I did it a few moths ago.

I had 6 months left in extended warrenty when I did it that they said you can put it on any time. If that meant 3 years in advance I don't know.

If in original warranty you put it on without any checks so other than the likelihood of it going up in price you gain nothing.

The warrenty is pro rate refundable

[eric1000]

Nuttcase,
During lockdown I extended mine at six months (i.e. 2 1/2 years before the end).

In those days there was a need for the 111 point check if the car was more than a year old, so that is why. Of course they dropped the need for the check on warranty continuation, soon after!

[Nuttcase]

Thanks Jeremy & Eric. That's sort of what I was thinking - buy it now to eliminate any potential hassle later re: inspections and latest service being OPC etc. They could even change the rules by the time my factory warranty expires.