The problem is todays vehicles have multiple computers and a magnitude of sensors, driver warning, lane change, distance, ect. I would worry more about the electronics repair cost. If you plan on keeping the vehicle after the standard manufacture warranty, I would purchase an extended manufacture warranty.
That story alone is what makes me consider it. I plan to keep it for more than the factory warranty, and with all the nanny systems it has, one failure could cost more than the extended one would. I have only used a factory warranty once; on a 1984 Buick I bought new that had transmission problems. Other than that, I’ve been extremely lucky in that department.
with all the electronics and the cost of replacement LED head light and tail light assemblies I think an extended factory warranty is good insurance if you plan on keeping a car. also if you sell it early you can get a partial refund of the warranty price. on my 2016 Challenger the tail lights were LED and problematic. just one tail light assy( thats the only way they come) was $1500.
I jumped on the Chrysler Lifetime warranty for my Power Wagon. It was like $2500. I dont plan on getting another truck and at the price of this truck it made sense for the long haul.
Never had an extended warranty on an automobile or any device and so far so good. I just bought my fourth Buick Enclave starting with 2009, 2012, 2016 and now 2019 Avenir. Never had a serious problem with any of the them during the factory warranty period. I was bombarded by Buick trying to sell me an extended warranty on the 2016 as it approached the end of the factory warranty. When I dug deep to understand what was in it and was it a GM owned warranty product the answer was no, Buick was pushing a national warranty company and if I remember right was headquartered in the mid west somewhere. Buick clearly got a cut on every warranty sold and you had to deal with the other company. Was going to keep the 2016 for another year or two and then had two codes show up, fixed one of them which was a environmental valve of some sort for $80. Started looking the next day for a deal on a 2019 and found the one I wanted at a decent price. When the factory warranty runs out on this 2019 Enclave I will serious consider an extended warranty if I am going to keep the car. My $0.02
My 2 cents - buy it. Lifetime is great - if you keep it for a long time. Read the fine print, something may not be covered (brake pads?) But as stated above, new cars have all kinds of electronics that can go bad. If its my wife's car, definitely. She always gets the new car, I get the leftovers! Short story - I had a new Chrysler T&C minivan. Got the 100,000 mile warranty. At 101,000 all kinds of things went bad. I wish it was lifetime!
Usually there are dealerships that sell the same warranty (backed by the manufacturer) online for lower prices. I have purchased Chrysler warranties in this manner before. I found this one doing a quick google search, I am betting there are others. https://www.knappvehicleservicecont...MI9tyzqM364AIVyx-tBh2CxQxIEAAYAiAAEgLqN_D_BwE
Here's my take. If you can't afford to fix the car then you can't afford the car. Don't finance more than half. If you do then you can't afford the car. Cars are the worst investment you can make. Buy what you need and don't make it a status symbol. It'll be worth 1000 bucks soon enough whether you like it or not.
One reason I bought the extended warranty on my new cars is I sometimes do some “spirited” driving. I have not experienced any “that’s not covered” issues yet either. The computers/electronics and overdrive transmissions are the main reason. I’m fine with them making a profit, that’s the American way.
These new vehicles are not cheap and not cheap to fix. List on our Suburban was like $76K and a 2019 is now $82k with discounts $78K. We use our suburban for hauling stuff a lot, travel, pulling a small boat and car trailer. Besides that you could not pry her out of it, she loves them... I have a 3500 4x4 crew cab long bed to pull my big boat. If we keep our suburban towards the end of the factory warranty I will for sure purchase the factory extended bumper to bumper to max year/miles..
I don't buy new so a warranty doesn't really fit my way of thinking. I'm usually buying something that has a problem to work on to get a better price. Tech catches up. Those computers are just there to be "cracked" . I remember the Turbo Regal when it was new and the tech seemed like it would never be able to be "known" and now there are tuner software pkgs that can tun on the stock ecm of gm, ford and Chrysler. As well as stand alone stuff that is mind blowing with its capability. As far as led lights or the brakes, good luck getting them to cover that stuff. Any warranty is just a way to take money from your pocket to theirs and as silly as it sounds the first so much percentage of profit those warranty companies make is tax free unless the laws changed. Why do you think the they ask you to buy a warranty on stuff? Pure profit. To me it is cheaper to buy the tools and equipment or find an individual who has it than pour money into a warranty. YouTube has vids for just about everything.
I own a 2015 Colorado Z71. Extended warranty can be purchased just before the 5 yr expires. I was told by the dealer at time of purchase the cost would be $1900. Not going to purchase.
The TourX is home now. It also has a lifetime extended warranty, virtually identical to the factory one (There isn’t a deductible as long as that dealership does the work. If I go anywhere else, the deductible is $200). The dealership discounts the cost of the warranty to active duty and veterans, which made it about a third of the original quote. It was a number I could accept, and with all the tech this car has in it, it’ll let me sleep easier. Since I’ve been in chemo, I’ve lost my endurance to wrench on anything. Now, I won’t have to worry about that so much. Thank you all for your input.
one out of pocket transmission rebuild is enough to make the warranty worthwhile. I think you made a good choice Joe.
good luck Joe .. with the chemo and the TourX - its something I took a good hard look at. Please let us know how you make out with it
