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Old 03-27-2014, 09:09 AM
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Extended Warranties - yay or nay?

hey guys, proud owner of a 2014 base overland. the warranty on the truck is pretty puny. it's the only thing that's making me nervous. 3 yrs/60K(km) is meh. 5 years on the powertrain is pretty standard.

dealer has extended warranties that add another 2 years to the basic warranty (so 5 total) plus i think another 30,000km. it's around $2K. i'm planning to keep the car for at least 5 yrs (financed 60mths). it's directly though chrysler canada inc.

am i going to be looking at more than $2k worth of stuff breaking in the first 5 yrs? how are the 2012 models doing?
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Old 03-27-2014, 11:40 AM
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Re: Extended Warranties - yay or nay?

IMO its mandatory before the factory one is done/
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Old 03-27-2014, 03:13 PM
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In my opinion, you should only warranty/insure something for only two reasons:
1) If its required (Flood Insurance on a mortgage or auto insurance)
2) If the insurable event causes you a financial catastrophe

Extended warranty companies are hedging against you having an issue that costs them more than $2K over the life of the warranty. They win the vast majority of the time otherwise these companies would never be in business.

Ask yourself this question; would a breakdown in the drivetrain or engine cause a financial disaster for me or just an annoying payout that I am otherwise able to afford? If yes, then get the warranty.
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Old 03-27-2014, 03:27 PM
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Re: Extended Warranties - yay or nay?

Quote:
Originally Posted by RedRockSRT8 View Post
In my opinion, you should only warranty/insure something for only two reasons:
1) If its required (Flood Insurance on a mortgage or auto insurance)
2) If the insurable event causes you a financial catastrophe

Extended warranty companies are hedging against you having an issue that costs them more than $2K over the life of the warranty. They win the vast majority of the time otherwise these companies would never be in business.

Ask yourself this question; would a breakdown in the drivetrain or engine cause a financial disaster for me or just an annoying payout that I am otherwise able to afford? If yes, then get the warranty.
Yeah. The most expensive bits would be the engine, which tends to have reasonable coverage, but also all those electronic gewgaws that can be quite expensive to repair or replace.

You might want to shop around for warranty prices in canada. In the US, there are several dealers willing to sell you the Mopar warranties for less than the dealers first offer. With a better price, I'd expect your dealer to match it--as the warranty is from Mopar, not from that dealer so if they don't, buy it elsewhere.

They are typically fairly good profit items, but a cousin dealership for a different brand indicated that beyond that, they tend to get you to a dealer for service, plus they allow the maker to track long term trends...
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Old 03-27-2014, 04:15 PM
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Re: Extended Warranties - yay or nay?

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Originally Posted by RedRockSRT8 View Post
Ask yourself this question; would a breakdown in the drivetrain or engine cause a financial disaster for me or just an annoying payout that I am otherwise able to afford? If yes, then get the warranty.
i had a awd pump fail on my other car, which is an AWD sports car. was still under basic 5 yr powertrain warranty and dealer wouldn't cover it. it cost $2K and i bitched and got it down to $800. wasn't a financial disaster, but i'm just tired of fighting dealers. if i had an extended 5 yr basic warranty, that sucker would've been covered and would've not had to deal with the hassle.
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Old 03-27-2014, 04:20 PM
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Re: Extended Warranties - yay or nay?

and be sure to count up ALL the modules.

modern day canbus has MANY MODULES; each one is about 1K.
so say to yourself: have you ever seen an electronic module that is subjected to weather and temp and etc. fail/
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Old 03-27-2014, 05:10 PM
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Re: Extended Warranties - yay or nay?

My Overland is full of electronics and in the US since the OP is in Canada I did the 8 year/ 120k miles extended service contract which covers virtually everything on the ride. If you don't keep them a long time why bother. If you keep them a long time (I keep mine 10-12 years) and as heavily laddened as this Jeep is it makes sense. I used Ziegler for 1950 because I could not get lifetime with the diesel.
Typically I never buy an extended service plan but this was cheap enough and covers things past the usual 6 year period when in my experience things start to fail.
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Old 03-27-2014, 05:34 PM
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Re: Extended Warranties - yay or nay?

I opted for the Chrysler Maxcare Service Contract (none of these things are a "warranty") because of the level of tech in the Grand Cherokee. While I have not had to use it, I don't regret buying it at all. Maxcare even provides for a rental/loaner which many dealers no longer do for no cost.

I bought mine online at a very attractive cost from Ziegler.
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Old 03-27-2014, 09:46 PM
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Re: Extended Warranties - yay or nay?

I purchased the 6 year 70k mile plan for about $1000. My 2011 is a great vehicle but I've already needed the rear camera replaced, rear shocks replaced (QL) and a bunch of rattles fixed. I'm fairly certain that in the next 3 years or 30k miles I'll need to get something repaired that would cost over a grand. If not I just feel great about having the added protection. It should help me to sell the vehicle as well as I plan to cut it lose just before the 6 year mark or just before the 70k mark whatever comes first.
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Old 03-29-2014, 07:47 AM
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I love the lifetime max care extended. I drive 24k a year so I blow through a 100k extended in just 4 years - just in time as the loan runs out so I end up replacing paying the bank with paying the service dept. Lots of stuff really begins to fail after the 100k mark. Really hard to get out of a dealer service department for less than $1000 with an old car. A couple trips the extended pays for itself.

I paid a ton on my last truck (Nissan) outside of extended warranty > 100k so hopefully max care will get my GC to 8 years 200k (4 years without a car payment).
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Old 03-29-2014, 08:15 AM
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Re: Extended Warranties - yay or nay?

This is the first time I ever bought a warranty. In the old days, if something broke, I fixed it. That's not as easy as it used to be. Plus, I've reached an age where I would rather let somebody else get their hands dirty.

I shopped around and got a 5 year MaxCare for seven hundred and change. Although I know I'm betting against the vehicle I just bought. But, sometimes hedging your bet is the way to go.


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Old 03-29-2014, 11:01 AM
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With all the tech on the Overland and because I keep my vehicles for a long time, I got the Chrysler Lifetime Max Care from Ziegler for around 2100. I can easily see some time in the next 10 years having repairs that will exceed 2100. I had a Nissan Maxima which while by and large is a really reliable car but even it had a mass air flow sensor and three out of four of the oxygen sensors go out while I owned it. The jeep is a big computer with an engine and air bags on wheels. To think a few repairs will be over and above the 2100 range is not a stretch, so right there I have paid for the warranty. Plus anything else other than normal maint will be covered too. In my mind a no-brainer.
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