Another extended warranty debate

Discussion in 'The Bench' started by JoeBlog, Mar 9, 2019.

  1. GranSportSedan

    GranSportSedan Taco builder, Burrito expert

    In my opinion the only extended warranty worth considering is the one offered and backed by the vehicle manufacturer.
     
    Redmanf1 likes this.
  2. GranSportSedan

    GranSportSedan Taco builder, Burrito expert

  3. Redmanf1

    Redmanf1 Gold Level Contributor

    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.
     
    Smokey15, JoeBlog and GranSportSedan like this.
  4. JoeBlog

    JoeBlog Platinum Level Contributor

    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.
     
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  5. GranSportSedan

    GranSportSedan Taco builder, Burrito expert

    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.
     
    JoeBlog likes this.
  6. 2001ws6

    2001ws6 last of the v8 interceptors

    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.
     
  7. chucknixon

    chucknixon Founders Club Member

    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:)
     
  8. 12lives

    12lives Engage! - Jean-Luc Picard

    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!
     
  9. cjp69

    cjp69 Platinum Level Contributor

  10. 436'd Skylark

    436'd Skylark Sweet Fancy Moses!!!!!

    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.
     
  11. gs66

    gs66 Well-Known Member

    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.
     
  12. Redmanf1

    Redmanf1 Gold Level Contributor

    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..
     
  13. wkillgs

    wkillgs Gold Level Contributor

    Skip the extended warranty. When the standard warranty runs out, drop in a 455!
     
    JoeBlog likes this.
  14. TexasT

    TexasT Texas, where are you from

    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.
     
  15. gstewart

    gstewart Well-Known Member

    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.
     
  16. JoeBlog

    JoeBlog Platinum Level Contributor

    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.
     
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  17. GranSportSedan

    GranSportSedan Taco builder, Burrito expert

    one out of pocket transmission rebuild is enough to make the warranty worthwhile. I think you made a good choice Joe.
     
    JoeBlog likes this.
  18. 69GS400s

    69GS400s ...my own amusement ride!

    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
     
    JoeBlog likes this.
  19. 12lives

    12lives Engage! - Jean-Luc Picard

    Best wishes with the chemo - prayers sent
     
    JoeBlog likes this.

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