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  #133  
Old 10-07-2013, 07:38 PM
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Re: Looking for recomendations for Extended Warranties

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Originally Posted by jacko15 View Post
MaxCare is about what's covered, not how long. MaxCare Lifetime, I believe, doesn't have mileage limit.
No mileage limit but when cost to repair is more than "retail value" of the veh in the then current NADA used car pricing guide. You will be paid the veh cash retail value rather than the cost to repair. Plan benefits and coverage will terminate automatically and immediately at that time with no further obligations of any kind.
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  #134  
Old 10-07-2013, 08:26 PM
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Re: Looking for recomendations for Extended Warranties

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Originally Posted by AZhiCntry View Post
No mileage limit but when cost to repair is more than "retail value" of the veh in the then current NADA used car pricing guide. You will be paid the veh cash retail value rather than the cost to repair. Plan benefits and coverage will terminate automatically and immediately at that time with no further obligations of any kind.
A side benefit to this policy is that policy is buying the veh at average retail and you don't have to bother selling it yourself.
Do they take the vehicle? Or do you still get to keep it with the pay out?

I think I "Paid" the "Book" value of my 2002 GC several times over the last few years. But the truck still had value to me so I kept fixing it.
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  #135  
Old 10-07-2013, 08:51 PM
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Re: Looking for recomendations for Extended Warranties

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Originally Posted by mswlogo View Post
Do they take the vehicle? Or do you still get to keep it with the pay out?

I think I "Paid" the "Book" value of my 2002 GC several times over the last few years. But the truck still had value to me so I kept fixing it.
Not sure. It's not specified. I'm assuming they would take the veh for its salvage value?
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  #136  
Old 10-07-2013, 08:55 PM
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Re: Looking for recomendations for Extended Warranties

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Originally Posted by mswlogo View Post
Do they take the vehicle? Or do you still get to keep it with the pay out?
For a single repair that costs more than the current value of the car, they pay out the value of the vehicle, which is less than the repair cost, then cancel the extended warranty.

They aren't buying back the car. So yes, you keep your car. They just cancel the warranty and any further repairs, with the exception of recalls, would not be covered.
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  #137  
Old 10-07-2013, 09:26 PM
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Re: Looking for recomendations for Extended Warranties

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Originally Posted by David_Hart View Post
For a single repair that costs more than the current value of the car, they pay out the value of the vehicle, which is less than the repair cost, then cancel the extended warranty.

They aren't buying back the car. So yes, you keep your car. They just cancel the warranty and any further repairs, with the exception of recalls, would not be covered.
This will be fun strategizing how to eek the most out of it
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  #138  
Old 10-08-2013, 01:33 AM
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Re: Looking for recomendations for Extended Warranties

I wonder if there will be a "Black Friday" special on the warranty.
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  #139  
Old 10-08-2013, 05:31 AM
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Re: Looking for recomendations for Extended Warranties

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 canít the cost of maintenance, we sure as hell canít 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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  #140  
Old 10-08-2013, 08:29 AM
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Re: Looking for recomendations for Extended Warranties

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.
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  #141  
Old 10-08-2013, 09:46 AM
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The Extended warranty is strictly for just in case sh$t happens...that's Australia and everywhere else.
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  #142  
Old 10-08-2013, 11:33 AM
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Re: Looking for recomendations for Extended Warranties

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.
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  #143  
Old 10-08-2013, 01:15 PM
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It's definately not bad to have because one major fix and its worth it.
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  #144  
Old 10-08-2013, 06:33 PM
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Re: Looking for recomendations for Extended Warranties

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Originally Posted by BobT View Post
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 canít the cost of maintenance, we sure as hell canít 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.
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