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Looking for recomendations for Extended Warranties

34K views 188 replies 45 participants last post by  PeterM 
#1 ·
#104 ·
I kinda agree with you there, mswlogo...I always appreciate the best price up front and often reward that with my business.
 
#107 ·
I'm in sales...and I try to follow that philosophy with my own customers, working to give them the best value the first time. It pays off well in the long run because those customers are happy and they refer others.
 
#108 ·
I purchased unlimited max care yesterday from chryslerwarrantys.com. Total after a coupon was $2206. Since I am in NC the unlimited is transferable. I think that will pay big dividends when it comes time to sell.

But I've been thinking about this truck. I am leasing it because I like to have options. But I really like it. I mean, I love it. It's comfortable, looks great and does everything I ask it to. 8000+ miles in and it's been solid.
 
#109 ·
You purchased the lifetime warranty on a leased vehicle? Odd.

Also to those folks going to local dealers ... don't forget most of you will pay tax if you don't purchase it online.

For the rest of you that think you might have gotten screwed or you made a mistake... those contracts can be cancelled for the first 60 days. So if your dealer sold you on buying it from them and you overpaid + tax. Call them up and tell them you are going to cancel. I had to do this for my Dad as he isn't too swift... he paid full retail for his warranty. Simply by calling the dealer and telling them he was going to cancel they refunded nearly $800.
 
#110 ·
Nothing odd about it. I'm planning on keeping it (or selling it privately). When else would I buy the warranty? Besides, I've got a 15k mile lease. It will be out of warranty for a year at the rate I'm putting miles on it.

Then there's the fact that I can cancel it for a pro rated refund if I decide not to keep it. There are lots of good reasons for me to have bought it when I did. :)
 
#116 ·
Hmmm trying to decide if I should go with 7yrs/70K or Unlimited.

~$1100 for 1st option, ~$2200 for 2nd option. A big difference. Too bad there isn't something between for 10yrs/100K and priced in between.
Keep in Mind it's really 4yrs/34K your adding to the 3/36.

There is a 7/100K plan for $1625.00 and an 8/120K for $2000
 
#119 · (Edited)
Unlimited years too?


I am going to buy a policy. I actually bought the 7/70K last night. But once I compared prices, I went and cancelled that contract. But I did convince myself to get the appearance protection package. :eek:
So netted $1500 back into principle.

Even though it's only been 1 full day with my JGC, I like it a lot. But I also liked my Tacoma and said I was going to keep it 10 years. I didn't even last 5....:eek:

Just cant decide if I should go for the 7 or Unlimited.
 
#126 ·
I'm really not worried about the transfer thing, torifile. I bought the extended service contract for "me", not the next owner. One major repair and it's paid for itself and with so much technology on these things, there is always a real possibility that the contract may come in handy "just because". I consider my $2180 for the lifetime contract to be a good investment in that respect, not even considering the rental/loaner benefit that sweetens the deal on these contracts.
 
#139 ·
Extended warranties seem to be popular in the USA but not so much here in Australia. Perhaps the circumstances are different. I don't know. FWIW, this is my take on the issue. Warranties are a form of insurance. What is one insuring against? One insures against an unexpected negative cash flow that is beyond ones ability to manage. Most people would find the loss of a house impossible to cover and the loss of a car very difficult to cover, so we insure for those events. Insurance costs money of course, most of which we never recover but we don't mind because we get a service for it. However, when it comes to repairs and maintenance of the car, are we really that poor that the cost of unexpected repairs will cause serious financial hardship? If we are, we probably should not have bought such an expensive car in the first place. If we can’t the cost of maintenance, we sure as hell can’t afford the insurance premiums. There is nothing surer than that you will be financially worse off in the long run, having taken out an extended warranty. Insurance company shareholders count on it. It is much better to budget for repairs and maintenance. That way you are effectively self-insured and you get to keep the profits rather than handing them to the insurance company. Of course budgeting takes discipline. If haven't got the discipline, it will cost you. Just saying!
 
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#144 ·
Extended warranties seem to be popular in the USA but not so much here in Australia. Perhaps the circumstances are different. I don't know. FWIW, this is my take on the issue. Warranties are a form of insurance. What is one insuring against? One insures against an unexpected negative cash flow that is beyond ones ability to manage. Most people would find the loss of a house impossible to cover and the loss of a car very difficult to cover, so we insure for those events. Insurance costs money of course, most of which we never recover but we don't mind because we get a service for it. However, when it comes to repairs and maintenance of the car, are we really that poor that the cost of unexpected repairs will cause serious financial hardship? If we are, we probably should not have bought such an expensive car in the first place. If we can’t the cost of maintenance, we sure as hell can’t afford the insurance premiums. There is nothing surer than that you will be financially worse off in the long run, having taken out an extended warranty. Insurance company shareholders count on it. It is much better to budget for repairs and maintenance. That way you are effectively self-insured and you get to keep the profits rather than handing them to the insurance company. Of course budgeting takes discipline. If haven't got the discipline, it will cost you. Just saying!
Its not as much about affording the cost of repairs as it is not wanting to pay for them. I typically never buy warranties but I bought this one. it depends a lot on how long you intend to keep the vehicle. I keep cars a long time and 2K for unlimited miles and years is a bargain in this case, lots of expensive stuff to break. one event of busted uconnect or quadralift or something like that and you have probably paid the cost of that warranty. if all I was worried about was powertrain I would not have bought it, its all the other stuff that will kill you when the miles get up there.
 
#140 ·
Not so sure I agree that is has simply to do with "not being able to afford it". Just a single replacement of a Uconnect 8.4, a couple of air struts, or even light transmission work would cost more than an entire $2000 8 Year/120,000 extended warranty.

I do agree that for anyone keeping the vehicle less than the factory warranty will be losing all monies, and the contracts bet on that. Really the only benefit are those that keep the vehicle for longer periods of time, and the reap some benefit by the warranty being transferrable in which you can market that fact.
 
#148 · (Edited)
I do agree that for anyone keeping the vehicle less than the factory warranty will be losing all monies, and the contracts bet on that. Really the only benefit are those that keep the vehicle for longer periods of time, and the reap some benefit by the warranty being transferrable in which you can market that fact.
The Maxcare isn't transferable (except in a couple of States), but the others are.

Chrysler also offers money-back guarantee option up to the 7-year warranty in addition to the regular extended warranties. They are a little more expensive. If you don't have any repairs against it by the end of the term, you get your money back.
 
#142 · (Edited)
It's also hedging a bet. That it will be cheaper in the long run. Most of us might lose. But it's also a good bet to lose.

I typically don't buy warranties. In fact our last VW (a CC) and this Jeep is the first time. VW's are not noted for reliability and I was more concerned about the tiny 2.0T lasting. I could only get 110K mile warranty though. The intake manifold is a problem on this engine and has already gone once under the factory warranty. It's a $2000.00 Job. Others are on their 3rd. VW Extended the factory warranty to 100K for the intake and retro active, pretty impressive !! But that was long after I bought the warranty.

Lot's of new things in this Jeep. Especially the Pentastar which is still just a baby. The life time option is great. And not that expensive.

Also with the availability of online official warranties with reasonable markup is also very attractive.
 
#146 ·
It should a recall is something that is their fault and problem like warranty work so they should cover it. I have been using the rental for warranty work and it works out good. Enterprise rental car is on site at my dealer and they give you a car quick and easy no charge. a nice side benefit of max care that I didn't even realize when I bought it.
 
#157 ·
I just noticed I didn't select the 4x4 option. When I did that, the price reduced to $2185. Any one else find it odd the 4x4 is cheaper to "insure"?
I also noticed checking lower mileage driven increases the amount.

I thought that weird.

I called Bob over at Ziggys, nice guy, very on the ball and not willing to sell you crap you don't need.

I did buy a maintenance contract (oil changes and tire rotations). It was $245 for a 6 year package... works out to $8 an oil change...
 
#151 ·
LOL yeah, I just bought it. I was just waiting and being a lazy and cheapass I guess. Bought the vehicle on 10/2. I guess it's been 1 month now.

The price jump scared me, so I just bought it.


Question about the deductible though. I don't see a detail report of how this warranty works.

So each time you go in, you have to pay them $100? Now, does this start AFTER the 3yr/36K miles warranty?
 
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