I haven’t bought a new car in ten years,but with all of the very expensive electronic bits they have now, an extended warranty (if you’re keeping it beyond the original warranty) may well be worth the cost
What's the word on extended automobile manufacturer warranties
- Thread starter bushmaster1313
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Most of the warranty overlaps what you already have. I don't buy them if I have a car running out of warranty that has caused me problems or I suspect will soon I trade it. Most vehicles these days will not have problems for a 100k. Most or at least many come with a much longer drive train warranty than what you are saying your did these days also.
4barrel
Member
I bought my first new pickup in 1976 and about 15 since and never an extended on anything and never needed. I get calls all the time for extended. There are lots of sellers trying to set the hook. If you don't service your ride you may need it. Good luck on collecting.
I drive a 12 y/o Chevy Silverado, get at least 3 calls a day trying to sell me an extended warranty. Don’t sweat it. Joe
twodog max
Member
Do not buy an extended warranty at the dealer or you will get ripped off. If you really think you need one buy one aftermarket after diligent research and shopping. The dealer uses this to pad the profit margin and on top of that you pay extra sales tax and if you finance this amount additional interest and more cost on the purchase price.
Anything sold to you in the finance office is solely for dealer profit.
Buyer beware.
Anything sold to you in the finance office is solely for dealer profit.
Buyer beware.
Bought my wife a 2018 Nissan. Wiring harness failed ... 3 months beyond factory warranty. Took it to dealer. Dealer contacted Nissan. Cost including labor was ... over $K ... factory new harness and labor plus cost of rental car. It was beyond the date of the warranty. I paid $1,200. Nissan paid the rest. Sincerely. bruce.
Dealers will rip you off if you let them. I was offered a 7 year extended factory warranty, the 7 years after the factory warranty was up, not concurrently, for $3,000 where I bought my car.
I shopped around, you can buy a GM factory warranty from any dealer, and paid $800 for a 7 year after my factory warranty expired, no deductible, from a dealer in MT. Good at any GM dealer in the US.
About a hundred+ a year, for peace of mind. Never used it
Worth every penny.
I shopped around, you can buy a GM factory warranty from any dealer, and paid $800 for a 7 year after my factory warranty expired, no deductible, from a dealer in MT. Good at any GM dealer in the US.
About a hundred+ a year, for peace of mind. Never used it
Worth every penny.
Huskerguy
Member
I take care of my aging father and a couple years ago, before he went into independent living I had to get his finances in order. At the time he was like 88 years old and drove just around town, parked his car in a garage. It was a Ford something or another, smaller car he purchased new.
Anyway, this bill kept showing up on his account and he said he really needed that extended warranty on his 4 year old car with 20,000 miles that he hardly drives just in case the transmission goes out or something. So I did the math for him, he was paying like $45 a month and I said, just save the 45 a month for a year and you have $540. Once he saw the numbers of what he was paying, he agreed to cancel it.
I know people don't always have the will power but save that money if you are concerned about the car.
We purchased a 17 Outback, new a few years ago. Once we made the deal the head honcho sales person tries to sell the add ons like extended warranty. I got so ticked up, he made it sound like all the electronics would eventually go bad and the car would be a rolling bucket of bolts eventually. A scare tactic. I advise people to never buy a first year production car, look up its repair history and if you are still concerned, save some money for repairs. Eventually everything breaks down, like your washer, dryer, stove, refrigerator, dishwasher, furnace, AC and every other thing you can now buy insurance for.
Anyway, this bill kept showing up on his account and he said he really needed that extended warranty on his 4 year old car with 20,000 miles that he hardly drives just in case the transmission goes out or something. So I did the math for him, he was paying like $45 a month and I said, just save the 45 a month for a year and you have $540. Once he saw the numbers of what he was paying, he agreed to cancel it.
I know people don't always have the will power but save that money if you are concerned about the car.
We purchased a 17 Outback, new a few years ago. Once we made the deal the head honcho sales person tries to sell the add ons like extended warranty. I got so ticked up, he made it sound like all the electronics would eventually go bad and the car would be a rolling bucket of bolts eventually. A scare tactic. I advise people to never buy a first year production car, look up its repair history and if you are still concerned, save some money for repairs. Eventually everything breaks down, like your washer, dryer, stove, refrigerator, dishwasher, furnace, AC and every other thing you can now buy insurance for.
prairieviper
Member
I shopped around, you can buy a GM factory warranty from any dealer, and paid $800 for a 7 year after my factory warranty expired, no deductible, from a dealer in MT. Good at any GM dealer in the US.
About a hundred+ a year, for peace of mind. Never used it
Worth every penny.
We bought an extended warranty for our last two vehicles for the period that they were financed for because for very little cost, it was a good deal. Like you said, peace of mind.
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In over fifty years of buying new cars and driving most of them a good while, I've never regretted not buying extended warranties. It's money poorly spent. What I've saved over the years would easily pay for some expensive repairs and I'd still be way ahead of what I would have spent on extended warranties. While they have some limited merit, it appears there is a fine line between extended warranties and scams.
Jon651
Member
Back in 1976 you could tune up your pickup truck with a screwdriver and a timing light. The only thing you can do with a screwdriver and a timing light on today's new trucks is carry them along with you in the back seat!
I sold my son a 2016 Traverse in 2018, waited until jut before the 3 year warranty was over and bought a GM extended warranty. Since the the A/C has been recharged, the A/C compressor has been replaced and both motor mounts have been replaced at no cost. The repairs are more than the cost of the warranty and he has 3 more years of coverage.
Dealer warranties can be a good thing if you have no funds to do major repairs. We have all read about the huge costs in some instances, $10K to fix ac in a prius for example.
Outside mfg warranties can be poor. If a valve goes out on a transmission, they will pay to remove teardown and replace that valve. They will not go for a rebuilt transmission, plates or any other parts that might have 75% ware but have not failed.
Outside mfg warranties can be poor. If a valve goes out on a transmission, they will pay to remove teardown and replace that valve. They will not go for a rebuilt transmission, plates or any other parts that might have 75% ware but have not failed.
Back in 2011, I bought a new Honda Accord V6. Three different salesmen insisted I needed an extended warranty with warnings like, "A new alternator will cost you about $400!" I told them I'm buying a Honda because I don't expect any costly problems and if I hear "extended warranty" one more time, I'm walking.
Still have the car with 63K miles on it. Other than scheduled maintenance, my only costs have been brakes and tires. I saved a bundle.
Some buy extended warranties on their fridge, stove, washer, etc. etc. A total waste of money.
Still have the car with 63K miles on it. Other than scheduled maintenance, my only costs have been brakes and tires. I saved a bundle.
Some buy extended warranties on their fridge, stove, washer, etc. etc. A total waste of money.
terry_tr6
Member
my wife bought the lifetime warranty from the dealer on a new mazda and HATED it. Had to get all the recommended service done at the dealer and they were screwing the customer on the price of oil changes as well as setting the car to call for oil change at 3000K miles. When a squirrel or something ate some wires they hit her with a huge bill for what amounted to reconnecting 3 or 4 wires right on top the fender well, but missed 2 more chewed ones going to the coils that I saw when she went to pick it up and made them fix too(well, put tape on them). MAYBE 30 min job. We only let them work on it because they said they'd probably have to replace the entire harness and after they were into it they saw it wasn't that bad. but by then they had the car in the shop and we were already into them for money.
Waste of money depends on maintenance needed. My last KIA about broke me on repairs. A warranty would have been nice. I ended up getting rid of it rather than pay $1300 for a antilock brake module. Can't seem to get anything done for under $400-500 anymore.
We only buy Honda’s any more after many bad maintenance experiences with American built cars. We always buy the longest extended Warranty we can get, usually 10-12 years and costing anywhere from $2000 to $2700. They’ve either paid for themselves, or in the case of two post Warranty major issues Honda split the cost with us 50/50.
We never buy extended Warranties on appliances or other household items.
We never buy extended Warranties on appliances or other household items.
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We bought an extended warranty for the pre-owned 2019 Volvo we bought last year. I checked the on-line info and found the biggest issue w/Volvos is the electronics/computer. Otherwise, they're very reliable. But, those electronic parts are expensive. So we decided a warranty was worth it.
I have been buying cars for 64 years, and have never purchased an extended warranty. I have had one expensive repair in all that time, Plymouth MiniVan transmission, so I am well ahead of the curve by not buying any. I have saved enough to pay for a really nice used car.
My extended warranty on my TV paid off when it crapped out two months shy of three years. The twelve-month factory warranty would have said so sorry. One has to pick and choose what items are worth an extended warranty. A vacuum cleaner or Mr. Coffee? Doubtful. The $69 tree trimer from Harbor Freight? Nah. $400 TV or auto? Quite possibly.
