This thread seems to have gotten a little rough...
First of all, I see everyone's point. I am no lawyer and I am still a Business student so I cannot keep up with the legal talk just yet. I don't know all of the laws (and neither does my dad) but he and I both feel that getting a new engine in a 200 Mile car will feel weird. Getting into the car and driving it (as of our feelings now) makes it feel second hand in one sense. Now if we had gotten 2K miles of fun out of the car, it might be a different story!
Now before everyone goes and jumps down my throat...I agree getting a whole new car would be very tough. My first thought when the service manager told this was that Porsche is going to say new engine, take it or leave it. In that case, my fathers stance in firm in that he is returning the car.
On the investment thing that everyone is caught up on. I am not saying this car is an investment and my dad is hoping it will appreciate and he can make gang busters. (Trust me; we had a 1992 Mercedes Benz 600 SEL V12 with 4,000 miles appraised at $8,000 in excellent condition, which it was! So he knows how depreciation is a b*itch.). Also, I am the youngest of four children, all of which went to college and two to medical school, and now my older siblings are living on their own and not under the support of my parents, so my dad said it is finally time to do something for myself...he buys a T4S...leaking oil from day one. A good sign on what is to come from this car? This whole engine thing is just bad karma for this car, as odd as that sounds.
Also, I did not intend this thread to be one where everyone is battling each other about what is right and was is wrong.
All the information on here though does present good points. They are all points to consider on this (IMO) horrible battle to come. Seriously, how would you feel if a car you have been waiting for and just paid large numbers for had a major (one of the worst) engine malfunctions you can have? Would you be confident in the car? Also, if we do replace the engine, I don't want to know it's a rebuilt refurbed motor! You buy refurbed computers not Porsche engines!
RC, when I first heard the news about the Targa my first thought was what you would think about the situation. I knew what you would say, because I know how Porsche is going to react, my father doesn't really, so what you said is not harsh, its just the truth, though there is still hope in the back of my head that this can be pulled off.
I know some of my posts may be a bit confusing but I am trying to get my point of view and also my fathers through in them.
Update: The car is going in today. I do not have time to make it to the dealership so I will let you know what my father says. The local Rep will be in tomorrow (Friday) to examine the car and the situation.
Last note: The thing that gets me is that we are already being punished for purchasing the car in a way. We are supposed to enjoy this car...and we're not off to a great start...
) though many assume so. It contractual in nature and the soley issue is whether the buyer has a remedy including replacing the car. Some state laws may allow it. Other's may not. Some may refer the matter to Arbitration. The point is there may be opportunties for him to get what he wants. To reject out of hand his chances is at best poor lawyering. 
