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  1. #1
    DETAILED TODAY? PA DETAILER's Avatar
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    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
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  2. #2
    atgonzales's Avatar
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    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
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  3. #3

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    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.


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  4. #4
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    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.
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  5. #5
    SUPER MODERATOR GearHead_1's Avatar
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    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
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  6. #6
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    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
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    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
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    Re: Extended warranty

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

  9. #9

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    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
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    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

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  11. #11
    dcjredline's Avatar
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    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

 

 

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