Originally Posted by Ws6
Originally Posted by Railrust
Originally Posted by Ws6
Originally Posted by Railrust
I always go into buying a vehicle with the thought of...I'm going to keep this thing forever. Then it's sitting there at around 170,00 plus miles, it needs a major repair (and small ones) and I bail. Just did it with a Lexus, it needed $4,000 in various reposts and I traded it in. Kind of regretting that when I'm paying my monthly car payment and that yearly $500 plus excise tax bill comes in. Never mind the dealer hidden fees when I bough the thing...the paper work prep crap.
I'm a tech, I know how vehicles can go south pretty quickly and start nickel and diming you, but maybe it is worth fixing these things? My Lexus had to go simply because almost every part for that car was three times as much as a typical brand, but I'm seriously considering keeping my latest vehicle (2018 Silverado) for a ridiculously long time.
Anyone go very very long term on a vehicle and was it worth it? Paying for those big big repairs.
You just can't with newer vehicles, unless you're cool spending more than the car is currently worth, just on repairs. I'm not. So I buy new/LIGHTLY used, and get 150K mile bumper/bumper warranties on them, and motor on, and after the warranty period is up if it breaks, I trade it in.
When I was car shopping I was finding that the slightly more used/almost new cars/trucks were almost as expensive as a new one, especially with thrucks. So I just bought new. Next time I'll probably go used...like maybe 4-5 years old with 60,000-70,000 miles on it.
I've never done the extended warranty thing, like I said, I'm a tech so I can the repairs (sometimes I admit I don't want to), but I've just seen too many "deductibles" and other things that spring up on some of these warranties. Just last week a guy I know bought a 2010 Ford Edge, now I warned him that the PTU (power transfer units) go bad on those things and sure enough a month after he owned it the thing was junk. Typical on that vehicle. So he had a warranty...6 month unlimited mileage from whatever company, it came with the vehicle. The repair was $1,600. The warranty company wanted pictures of the transfer case split open. So the mechanic was nice enough to take the time to open this thing up outside and take some pictures. Then they insisted a used unit would be installed. The tech talked to the warranty company and made them understand that there really is no such thing as used PTU's because they're all garbage and a new one is $900. So they agreed. Well this is what happened...after all of that the warranty company only paid $500! All that back and forth, the pictures, the BS...and my friend was on the hook for the remaining $1,100 bucks. I mean I guess it's better than nothing, but imagine paying for an extended warranty and having that happen? I'd go out of my mind. I'm sure your experiences are better, especially if you have experience with aftermarket companies, etc.
This is why I bought the warranty from the dealership that sold me the car. They have used this company for a long time. There is no deductible at THAT dealer (and $200 elsewhere), and they deal with any negotiations with the warranty company, and ultimately will eat the charge so as not to lose the customer. BS, you say? They ate a $2700 diff replacement that I accidentally flooded in my last CX5, so I'd say they're good for it, especially if I don't do something like that, etc. I trust my local dealer b ased on previous actions like this that show their character.
Sounds like it's working out great for you, warranties aren't really my thing but I know some people do have luck with them and enjoy the piece of mind.