Page 1 of 2 12 LastLast
Results 1 to 15 of 16
  1. #1
    DETAILED TODAY? PA DETAILER's Avatar
    Join Date
    Dec 2004
    Location
    PA
    Posts
    5,120
    Post Thanks / Like

    Question Extended warranty

    Common knowledge, and correct me if I am wrong, are usually never worth it. I was just going to stick with the 3/36. But I am sure the dealer will push it.
    2018 Chevy Colorado ZR2
    www.autiopia.org

  2. #2
    atgonzales's Avatar
    Join Date
    Apr 2015
    Posts
    556
    Post Thanks / Like

    Re: Extended warranty

    Cars today have LOTS of electronics that can fail more so than mechanical. My brother is a head mechanic and Mercury Dealer and he has seen electronics fails and they are costly, especially the infotainment systems especially after warranty. Just my 2 cents no matter what do what you feel is right for you
    gonzodetailing.wordpress.com

    Anything in life worth doing is worth over doing, moderation is for cowards

  3. #3

    Join Date
    Sep 2006
    Posts
    763
    Post Thanks / Like

    Re: Extended warranty

    You can buy one later from another dealer online for less than most dealers sell them for. Only buy an OEM Chevy one. The aftermarket ones are mostly garbage and just take your money with no real coverage down the road

    To me it just at matter of how long you think you will keep the vehicle.

    It’s a gamble both ways. Couple thousand bucks for one if you never use it is a couple hundred bucks more you paid for the car. But use it once and it could be break even right away

    Stuff like all the cameras, blind spot radars etc are expensive to replace. Heck radios and sunroofs can be too.


    Sent from my iPhone using Tapatalk
    Likes Dan liked this post

  4. #4
    rlmccarty2000's Avatar
    Join Date
    Dec 2014
    Posts
    3,782
    Post Thanks / Like

    Re: Extended warranty

    Extended warranty is great for peace of mind, not so great for your wallet. The companies offering these warranties look for ways not to honor the warranty. Extended warranty from the car manufacturer is the best way to go unless they are selling something from a company like Assurant. It’s a gamble and it depends a lot on the make of the car. If it is Japanese I wouldn’t get the warranty, if European, probably, if American, it’s a toss up. These are generalizations of course. Check out a forum on your car and see what other car owners have had to deal with and go from there. Or just stick the money in a separate savings account and pay for repairs out of this.

    I bought a 3 year warranty on my 2011 BMW and nothing has broken in 2 1/2 years, but the peace of mind almost makes it worth it.
    Likes trashmanssd liked this post

  5. #5
    SUPER MODERATOR GearHead_1's Avatar
    Join Date
    Jul 2003
    Location
    Utah
    Posts
    10,274
    Post Thanks / Like

    Re: Extended warranty

    Yeah, as has been mentioned, if you’re going to buy one make sure it’s manufacture sponsored. There are just so many horror stories out there on the generic ones.
    A society willing to trade liberty for temporary security deserves neither and will lose both
    ΜΟΛΩΝ ΛΑΒΕ
    Likes trashmanssd, Dan liked this post

  6. #6
    Older's Avatar
    Join Date
    Jun 2018
    Posts
    193
    Post Thanks / Like

    Re: Extended warranty

    Quote Originally Posted by atgonzales View Post
    Cars today have LOTS of electronics that can fail more so than mechanical. My brother is a head mechanic and Mercury Dealer and he has seen electronics fails and they are costly, especially the infotainment systems especially after warranty. Just my 2 cents no matter what do what you feel is right for you
    I agree. The big stuff rarely fails. The electronics and things like air suspensions do. Parts are expensive,too.

    A friend of mine has had 3 new transmissions in his Acura. Another had a motor replacement in his Camry. Another had a myriad of electronic gremlins in his BMW. All had the factory extended warrantee. No issues with repairs.

    No matter what Consumer Reports says about their favorites,things happen.

    It’s a gamble,no doubt.

  7. #7
    trashmanssd's Avatar
    Join Date
    May 2014
    Location
    Plymouth,Ma
    Posts
    1,969
    Post Thanks / Like

    Re: Extended warranty

    Toss up, but the way the dealers push it like well a dealer of other stuff turns me away.

  8. #8
    Dan's Avatar
    Join Date
    Aug 2006
    Location
    NoVA
    Posts
    6,696
    Post Thanks / Like

    Re: Extended warranty

    Depends on what. Toyota or Honda....pass. German....get it! only buy manufacturer warranty and shop around for it.

  9. #9

    Join Date
    Sep 2004
    Location
    Tempe, AZ
    Posts
    498
    Post Thanks / Like

    Re: Extended warranty

    Toyota now limits the selling dealer to within your state (cuts down on the competition).
    Nobody is looking to lose money by selling it to you but....after the three years is up the cost for a "minor" repair may be a budget buster.
    Buy the extended warranty NEAR the end of your factory warranty and you`ll have a better sense of how often your car is in the shop. Plus who knows if you`ll actually own the car in three years? Could get stolen, crashed or taste change...

  10. #10
    dcjredline's Avatar
    Join Date
    Dec 2013
    Location
    Near Rochester, NY
    Posts
    606
    Post Thanks / Like

    Re: Extended warranty

    Quote Originally Posted by atgonzales View Post
    My brother is a head mechanic and Mercury Dealer and he has seen electronics fails and they are costly, especially the infotainment systems especially after warranty.
    MERCURY? Are you saying in 2018 currently he works for a Mercury dealer? They have been out of business since 2011 havent they? Wiki says so... https://en.wikipedia.org/wiki/Mercury_(automobile)
    Don

    1989 Formula 350
    2004 Saturn Ion Quadcoupe

  11. #11
    dcjredline's Avatar
    Join Date
    Dec 2013
    Location
    Near Rochester, NY
    Posts
    606
    Post Thanks / Like

    Re: Extended warranty

    I say no extended warranty. Here is why.

    Would you agree that the company offering the warranty is in business to make money?
    If you agree with that then they would need to pay out less than they bring in right?
    So in that case I would bet they have done MUCH MUCH research and charge enough for each vehicle to make money. And most companies arent just looking to make $5 per warranty sold I wouldnt think.

    For me its a NO, big fat NO. If they are selling you the warranty real hard ask them if the vehicle you just bought is a POS? If so you dont want some POS vehicle. lol

    Consumer reports says: https://www.consumerreports.org/exte...ensive-gamble/


    GOOD LUCK in your decision.
    Don

    1989 Formula 350
    2004 Saturn Ion Quadcoupe

  12. #12
    atgonzales's Avatar
    Join Date
    Apr 2015
    Posts
    556
    Post Thanks / Like

    Re: Extended warranty

    Quote Originally Posted by dcjredline View Post
    MERCURY? Are you saying in 2018 currently he works for a Mercury dealer? They have been out of business since 2011 havent they? Wiki says so... https://en.wikipedia.org/wiki/Mercury_(automobile)
    Now a Lincoln dealership....
    gonzodetailing.wordpress.com

    Anything in life worth doing is worth over doing, moderation is for cowards

  13. #13

    Join Date
    Sep 2015
    Posts
    237
    Post Thanks / Like

    Re: Extended warranty

    The last car I purchased was a CPO with only 7,800 miles on it. It came with an extended 85,000 bumper-to-bumper and a 100,000 powertrain manufacturer warranty. That`s better than the new car warranty. Couldn`t pass up on that deal. I have not had to use it yet at 47,000 miles.

  14. #14
    donbeezy's Avatar
    Join Date
    Feb 2015
    Location
    Nederland, TX
    Posts
    1,498
    Post Thanks / Like

    Re: Extended warranty

    I use to work at dealerships as a service advisor. It just depends on what kind of car it is, what kind of luck you have, and what you are willing to spend.

    Do you think the car is gonna break down often after the 3/36 is out? Do you plan to keep the car for a long time? How good are you at doing your own repairs? Have the extra money and want to protect your investment?

    Also look at what company of the extended warranty the dealership is signing you up with. GM protection plan? Mercury Extended warranty? Fidelity extended warranty? Go with a big name company and look at their coverages, some will exclude things like emission systems and A/C systems etc.. Look into the how many years they extend it too, how many miles?

  15. #15

    Join Date
    Aug 2002
    Location
    Green Bay, WI
    Posts
    1,287
    Post Thanks / Like

    Re: Extended warranty

    Quote Originally Posted by GearHead_1 View Post
    Yeah, as has been mentioned, if you’re going to buy one make sure it’s manufacture sponsored. There are just so many horror stories out there on the generic ones.
    We bought an extended warranty through the Ford dealership when we purchased a certified pre-owned (CPO) 2015 Taurus. Yes it was a lot more expensive than going through the credit union we obtained the car loan from, BUT there are no-questions-asked IF you ever need it. Yes, they will tell you horror stories about not covering this-or-that from "other" warranties and the cost of repairs to mentioned info/control/touchscreen electronics and how the warranty can pay for itself in ONE repair, which may be true. It also depends on how long you wish to keep a vehicle AND how many miles you drive in a year, which obviously, will use up the warranty. The one from Ford offers a loaner car for free, which can be very important if you absolutely depend on your vehicle for transportation to-and-from work or for your own business.
    True story, I bought an extended warranty MANY years ago on a new Subaru wagon because I needed my vehicle to be dependable. My rear wiper motor went out and it was replaced using that extended warranty. The cost of parts and labor for the wiper motor replacement ALMOST made up what I paid for the extended warranty by itself.

    If you are taking out a loan, it sometimes can be worked into that loan amount, but you will need to talk to your financial institution providing the loan about that.

    Bottom line, should you buy an extended warranty for a vehicle? Depends on:
    1) Can you afford it? OR should I just put that money away in an account to draw from for future repairs?
    2) How dependable is the vehicle model and manufacturer you are driving in your eyes/opinion?
    3) How dependent are you on your vehicle for transportation?
    4) How much technology and electronics does the vehicle you drive have that might (WILL!) need future repairs and how much will it cost to do so IF:
    a) I plan on keeping the vehicle for more than 5 years? OR
    b) I drive more than 30,000 miles in a year?

    This also brings up a good point about car insurance: With all this driver-assistance and safety devices/sensors technology, you would THINK that it would be less expensive to insure a vehicle with these features. IT DOES NOT!! While it may save the driver from having an accident, it does not prevent the idiot driver with no insurance from running into you and having to repair said vehicle with all its sensors. Good example: a side mirror with lane-departure sensors cost almost $800-$1,000 to replace, where one without may only cost $350 -$400. Has your side mirror been broken off in a mall parking lot while you were shopping?? Or your rear bumper with its back-up camera and sensors been run into parked in the same mall parking lot? So while a $1000-deductible will save you almost $400 a year in car insurance over a $500-deductible, it may be eaten up in one "technology" claim!!
    GB detailer

 

 
Page 1 of 2 12 LastLast

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Replies: 3
    Last Post: 11-01-2012, 12:01 AM
  2. Fidelity Extended Car Warranty
    By G.T.Subie in forum The Swap Meet
    Replies: 8
    Last Post: 06-18-2011, 04:46 PM
  3. 7/70 extended warranty
    By bigltc in forum Car & Driver
    Replies: 1
    Last Post: 04-08-2005, 06:25 AM
  4. Extended Warranty?
    By ACE in forum Car Maintenance, Repairs & Modifications
    Replies: 26
    Last Post: 01-22-2005, 06:50 PM
  5. Extended Warranty Question
    By tabularasa in forum Car & Driver
    Replies: 4
    Last Post: 10-23-2002, 06:45 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •