It would appear as if you don't. The manufacturer's warranty (2 years in the case of Porsche, 3 years in the case of Lotus) is directly backed by the manufacturer. They cover the bill for labour and parts. The approved used warranty is actually an insurance policy, backed by an insurance company. (In the case of Porsche, it is "This insurance Policy is underwritten by XL Insurance Company Limited"). http://www.porsche.com/all/media/pdf/Porsche%20Approved%20Warranty%20Booklet.pdf The T&Cs between the two will be different. This is a very subtle, but important, difference. Primarily because there will be lots of items which will be covered by the former but not the latter. Anyway, I agree on your original point. Lotus should offer a 'approved used' warranty on their second hand cars. After previous BMWs and an Aston Martin, I was surprised to find that I couldn't take out a similar policy on my Evora.