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  #73  
Old 05-21-2014, 11:36 PM
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Re: Lifetime extended warranties, do they make sense?

Quote:
Originally Posted by whartung View Post
Considering this forum, and considering what most of the traffic is like here, I'd think that if there were issues with this package, this specific thread would be neck deep in anger and rage about this plan.

And yet, it all seems mostly quiet. Mostly positive.

It's not like this is a new plan. Seems to me this has been around for some time, and that folks would have had opportunity to use it, and be either pleased or disappointed by it.

This availability of this plan was definitely a factor if me getting the truck in the first place. Beyond the teething issues many early '14 adopters have encountered, Jeep is not a standout in the overall reliability market. It's not terrible, but it's not a standout, and it's public perception (justified or not) is likely worse than reality.

Yet, here's a plan designed to cover pretty much everything but tires, brakes, and windshield wipers - forever. Until the repair is greater than the value of the car.

This is a vehicle with a boat load of tech. Which means a boat load of wires, and sensors, and switches, etc. that may go bad. It's one thing to diagnose and repair a leaky seal. It's another to hunt down a frayed wire or intermittent short in a switch, especially when there's however many miles of wires strung throughout.

So, now, I have a vehicle where the little pesky nitty things that just fail as time goes on, and folks ignore, can be fixed.

Left rear power window that you almost never use stuck? Fix it. kthx.

Power lock solenoid getting all buzzy? Fix it. kthx.

Seat heater only working on half the seat after 8 years? Fix it. kthx.

Transmission sieze and spit out pieces at 200K miles? Fix it. kthx. (This may well send it over the top...)

I'll know when they drag the rusting hulk of my truck away in 10-15 years whether this was a bad bet or not. I have faith in modern engineering and manufacturing of modern cars that this car will last a long time. Cars today are simply amazing.

But I have experience enough that after that long, Stuff Happens, and I think I'll be a net winner in the end.

This contract is a race between depreciation and inflation. But it was a modest roll in to my payment, and offers a lot of piece of mind that I don't have to keep my eye on the odometer or the calendar.

And all told, haven't heard anything specifically bad about it yet.
Some, maybe all, of these fixes are cheaper than the $100 deductible you have to pay for every time you use your max care warranty though. And I have usually been able to work out most build kinks within the first year under the standard warranty. Plus, can the dealer even fix some of the problems, or is there so many things going wrong in 4 years that you have to take the Jeep into the dealer often. If that's the case, I would dump the vehicle, and would have saved $2,000 by not buying the warranty that I can apply toward another vehicle in the less than likely event the Jeep somehow becomes a "lemon" after 3 years / 36 monts (not likely). It's a fact, these car warranties are like 85% profit.

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  #74  
Old 05-21-2014, 11:49 PM
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Re: Lifetime extended warranties, do they make sense?

Quote:
Originally Posted by jgc4ever View Post
Some, maybe all, of these fixes are cheaper than the $100 deductible you have to pay for every time you use your max care warranty though. And I have usually been able to work out most build kinks within the first year under the standard warranty. Plus, can the dealer even fix some of the problems, or is there so many things going wrong in 4 years that you have to take the Jeep into the dealer often. If that's the case, I would dump the vehicle, and would have saved $2,000 by not buying the warranty that I can apply toward another vehicle in the less than likely event the Jeep somehow becomes a "lemon" after 3 years / 36 monts (not likely). It's a fact, these car warranties are like 85% profit.
Heres the deal. For many people, the warranty they buy for 2000 bucks is 100% profit for Jeep. That's how they can afford to pay for guys like me who intend to make them repair the vehicle for 10 years...

I gurantee the warranty they sold me for 1800 bucks they wont see a dime of profit on. They will lose money on me. But that's ok, because for every guy like me there are 3-4 who sold the vehicle before ever using the warranty at all, resulting in pure profit. So there is plenty of cash in the pool not only to repair my Jeep indefinitely, but to make a nice profit for themselves too. It's really pretty simple. How much value you get from the warranty is really up to you as the owner, and how long you run the vehicle.

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  #75  
Old 05-22-2014, 08:40 AM
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Re: Lifetime extended warranties, do they make sense?

Quote:
Originally Posted by jgc4ever View Post
Some, maybe all, of these fixes are cheaper than the $100 deductible you have to pay for every time you use your max care warranty though. And I have usually been able to work out most build kinks within the first year under the standard warranty. Plus, can the dealer even fix some of the problems, or is there so many things going wrong in 4 years that you have to take the Jeep into the dealer often. If that's the case, I would dump the vehicle, and would have saved $2,000 by not buying the warranty that I can apply toward another vehicle in the less than likely event the Jeep somehow becomes a "lemon" after 3 years / 36 months (not likely). It's a fact, these car warranties are like 85% profit.
It sounds to me like you get a new vehicle every couple of years or if you start having problems rather then dump money into repairs you'll get a new vehicle. So maybe for you the extended contract (is a waste of money) I keep a vehicle 10-12 years. Will I ever have $2300.00 in repairs (who knows) But I can say with the other vehicles I've owned for that amount of time I have exceeded $2300 in repairs. I won't even guess what a transmission or the uconnect system costs. With the price of parts and labor $2300.00 can add up pretty fast. If you were to get this warranty via the Jeep website if I recall it's like $3600.00.
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  #76  
Old 05-22-2014, 09:45 AM
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Quote:
Originally Posted by Nbtstatic View Post

Heres the deal. For many people, the warranty they buy for 2000 bucks is 100% profit for Jeep. That's how they can afford to pay for guys like me who intend to make them repair the vehicle for 10 years...

I gurantee the warranty they sold me for 1800 bucks they wont see a dime of profit on. They will lose money on me. But that's ok, because for every guy like me there are 3-4 who sold the vehicle before ever using the warranty at all, resulting in pure profit. So there is plenty of cash in the pool not only to repair my Jeep indefinitely, but to make a nice profit for themselves too. It's really pretty simple. How much value you get from the warranty is really up to you as the owner, and how long you run the vehicle.

NB
Well said if you keep your jeep a long time (10+ years here also) the lifetime maxcare is a bargin at $2000. I am someone that typically never buys extended contracts/warranties but i bought this one. The free rental car coverage is also a big plus. Made use of about 12 days of that the first year alone (not that its good if was in so much lol but we are buying jeep not lexus so it goes with the territory). One busted qudra lift repair or uconnect or whatever and you will quickly come close to that purchase price especially with all the junk on the higher optioned models. I dont buy it because of powertrain i buy for all the other crap that will break as it ages. If you are someone that keeps your jeep 4 or 5 years its likely not a good investment but if you keep it 10 or more it is a bargain. One persons waste of money is anothers bagain deal just depends on who you are.
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  #77  
Old 05-22-2014, 11:14 AM
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Re: Lifetime extended warranties, do they make sense?

Quote:
Originally Posted by silvermax04 View Post
the lifetime maxcare is a bargin at $2000.
Just to clarify the Maxcare is not $2000.00 The best price I can find is $2315.00 If someone can find this cheaper please let me know...Thanks
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  #78  
Old 05-22-2014, 11:36 AM
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Quote:
Originally Posted by Paullee01 View Post
Just to clarify the Maxcare is not $2000.00 The best price I can find is $2315.00 If someone can find this cheaper please let me know...Thanks
It depends where and when you buy it people have paid $1800 on up. I paid $2100 a year ago. I just said 2k as a round figure. And yes people have paid 2k
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  #79  
Old 05-22-2014, 12:09 PM
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Re: Lifetime extended warranties, do they make sense?

Quote:
Originally Posted by Paullee01 View Post
It sounds to me like you get a new vehicle every couple of years or if you start having problems rather then dump money into repairs you'll get a new vehicle. So maybe for you the extended contract (is a waste of money) I keep a vehicle 10-12 years. Will I ever have $2300.00 in repairs (who knows) But I can say with the other vehicles I've owned for that amount of time I have exceeded $2300 in repairs. I won't even guess what a transmission or the uconnect system costs. With the price of parts and labor $2300.00 can add up pretty fast. If you were to get this warranty via the Jeep website if I recall it's like $3600.00.
I have bought 3 new vehicles since 1997, all Jeep Grand Cherokees. Kept the first one 7.5 years. Developed a clunk in the rear when going over large bumps. Never took it in, complained about it to people in my life, and then traded it away. Then I kept my last Jeep for 6.5 years. It had a stalling problem during warranty period, they NEVER fixed it right. I got it put into the dealer's database for my VIN that because it wasn't fixed and occurred during the regular warranty, I could have that specific problem fixed under warranty for life. I never took it back. What's the point? They can't fix it. More back and forth to the dealer. What a complete pain. I drove it for another 3.5 years after the base warranty expired, living with the problem, and then trading it in. So, now I have saved almost $6,000 in 3 maxcare warranties I've never purchased. You guys do what you feel you have to do though.
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Old 05-22-2014, 12:19 PM
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Re: Lifetime extended warranties, do they make sense?

UPDATE:

Purchased Life Time Max with Zeigler today. I called and spoke to Bob Cline (he's the manager) The price on the Life Time Max went up this month (May) by $130.00 to $2315.00. He gave me a code to redeem via website and I was able to purchase at last months rate. Totaling $2185.00

If anyone is thinking about purchasing the warranty I'd purchase it now to save the $130.00. They might not honor the old price for long.
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  #81  
Old 05-22-2014, 12:50 PM
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Re: Lifetime extended warranties, do they make sense?

Quote:
Originally Posted by jgc4ever View Post
So, now I have saved almost $6,000 in 3 maxcare warranties I've never purchased. You guys do what you feel you have to do though.
Hmmm another way to look at it is... If you would have purchased the max on your 97 you'd probably still be driving it. I wonder how much you would have saved if you didn't have to buy new vehicles....

Okay all joking aside there's really no answer when it comes to extended service contacts. I purchased an 8 year 100000 mile contract on my wife's car when purchased new (2006 Buick Lacrosse has 44,000 miles) for $2000.00 and we never used it once. It expires next month. To me the Life Time is a no brainier. Maybe in 10 years I'll come back here and let everyone know if it was worth the investment...
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Old 05-22-2014, 02:12 PM
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Re: Lifetime extended warranties, do they make sense?

Quote:
Originally Posted by Paullee01 View Post
UPDATE:

Purchased Life Time Max with Zeigler today. I called and spoke to Bob Cline (he's the manager) The price on the Life Time Max went up this month (May) by $130.00 to $2315.00. He gave me a code to redeem via website and I was able to purchase at last months rate. Totaling $2185.00

If anyone is thinking about purchasing the warranty I'd purchase it now to save the $130.00. They might not honor the old price for long.
I did just that. Bob Cline sure is a nice guy to work with. My 2014 Cherokee is well known for having teething problems with its new transmission and replacing it just once after the original warranty would more than pay for the warranty. Same with replacing the head unit. Chrysler extended warranties have always paid off for me. In the 80s I had a Labaron convertible with a 4 cylinder turbocharged engine. I blew the head clear off of that engine. Chrysler completely rebuilt the engine better than new and didn't charge me a dime beyond the extended warranty deductible.
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  #83  
Old 05-22-2014, 02:14 PM
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Re: Lifetime extended warranties, do they make sense?

We are all different with different needs, real or perceived, and there is no universal right answer relative to whether or not purchase an extended service contract for a particular vehicle. For many of us, it makes sense to do so for our JGCs; for others, it doesn't make sense. What's good is that we have the option!
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  #84  
Old 05-22-2014, 04:19 PM
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Re: Lifetime extended warranties, do they make sense?

Quote:
Originally Posted by macfan View Post
I did just that. Bob Cline sure is a nice guy to work with. My 2014 Cherokee is well known for having teething problems with its new transmission and replacing it just once after the original warranty would more than pay for the warranty. Same with replacing the head unit. Chrysler extended warranties have always paid off for me. In the 80s I had a Labaron convertible with a 4 cylinder turbocharged engine. I blew the head clear off of that engine. Chrysler completely rebuilt the engine better than new and didn't charge me a dime beyond the extended warranty deductible.
If you don't mind me asking what did you pay?
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