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#4700836 - 03/20/18 03:12 PM 200,000 miles extended warranty from Kia and Hyund
2008wrx Offline


Registered: 03/12/09
Posts: 182
Loc: CA
Just curious how much are people paying for the extended warranty?

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#4700869 - 03/20/18 03:54 PM Re: 200,000 miles extended warranty from Kia and Hyund [Re: 2008wrx]
SHOZ Online   shocked


Registered: 06/28/03
Posts: 5603
Loc: Illinois
If it's not from Hyundai it's just an insurance policy and they don't expect to pay out more than you pay in if that.
_________________________
2008 Hyundai Accent 1.6L 5 sp manual hatchback
2010 Hyundai Genesis Coupe Track 2L Turbo 6sp manual

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#4701013 - 03/20/18 06:15 PM Re: 200,000 miles extended warranty from Kia and Hyund [Re: SHOZ]
Brybo86 Offline


Registered: 10/08/11
Posts: 2903
Loc: Chicago, IL
Originally Posted By: SHOZ
it's just an insurance policy and they don't expect to pay out more than you pay in if that.


OK that is all insurance....

If they pay out more they are actually losing money.
_________________________
08 Honda Accord EX-L 2.4L M1 EP 0w20 145k
01 Kymco People 50
95 Lexus LS400 M1 AFE 0w30 193k
95 Yamaha Jog

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#4701014 - 03/20/18 06:20 PM Re: 200,000 miles extended warranty from Kia and Hyund [Re: Brybo86]
SHOZ Online   shocked


Registered: 06/28/03
Posts: 5603
Loc: Illinois
Originally Posted By: Brybo86
Originally Posted By: SHOZ
it's just an insurance policy and they don't expect to pay out more than you pay in if that.


OK that is all insurance....

If they pay out more they are actually losing money.
Yes but it is not a warranty.

Who is the company backing it? You can check their reviews.
_________________________
2008 Hyundai Accent 1.6L 5 sp manual hatchback
2010 Hyundai Genesis Coupe Track 2L Turbo 6sp manual

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#4701030 - 03/20/18 06:37 PM Re: 200,000 miles extended warranty from Kia and Hyund [Re: 2008wrx]
Starman2112 Offline


Registered: 11/27/15
Posts: 299
Loc: East Tennessee
Extended warranties are for suckers.
_________________________
2010 Toyota Camry LE 2.5L, Mobil 1 AFE 0W-20, OEM filter
1998 Nissan Frontier XE 2.4L, Castrol GTX HM 5W-30, M1 filter

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#4701054 - 03/20/18 07:00 PM Re: 200,000 miles extended warranty from Kia and Hyund [Re: 2008wrx]
Driz Offline


Registered: 09/23/07
Posts: 252
Loc: northern NY
If you are really interested do make absolutely sure about these things. They drove me crazy until I finally really told them off one day, called 2x week. Way too pushy . Also didnít seem to take notice we already had recall 100k warranty either. Personally I wouldnít ever think of taking any Theta engined Hyundai past 150k, too many engine failures. Already got one in daughters 15 Elantra and the new one sounds like my old farmall running mad Since the cause of the failures still remains a mystery🤥 after all these years you know itís bull#[email protected]&. Possibly Korean made but nothing coming out of Alabama plant for us . Itís back to Toyota for us , no mor Hyundai.......

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#4701171 - 03/20/18 08:33 PM Re: 200,000 miles extended warranty from Kia and Hyund [Re: 2008wrx]
oilpsi2high Offline


Registered: 12/18/14
Posts: 1239
Loc: NY, USA, etc.
Self-insure.

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#4701176 - 03/20/18 08:36 PM Re: 200,000 miles extended warranty from Kia and Hyund [Re: Starman2112]
Audios Offline


Registered: 11/19/11
Posts: 807
Loc: Lyndhurst NJ
Originally Posted By: Starman2112
Extended warranties are for suckers.


Its all in the details. Ive had some that cover the cheapest chinese parts, 65 an hour for labor, and 200$ deductibles, so on an 12-1300 bill they were kicking in like 200$ after the deductible. Ive also had some very good ones, one today just approved a shock, front lower control arms, and sway bar link on an 09 C63 AMG. THey covered chinese arms at around 65 each, list for the OE was 175, but paid out 400 for the shock, 120 for the mount and 35 for the bearing. Plus our labor rate at 105, and matched our labor times with diag. Im sure he paid 4-5k on the warranty, and he only recenlty came to us, but hes already gotten motor mounts, trans mounts, suspension work and a few smaller items. The suspension job they approved today was about 1900 alone, so hes doing well with them.
_________________________
2002 VW Golf TDI-Mobil 1 5/40 TDT
2005 BMW M3 BMW Twin Power 10/60
1997 John Deere Gator 4x2
2007 Mercedes GL320 CDI Fuchs 5/40 GT Pro XTL

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#4701181 - 03/20/18 08:42 PM Re: 200,000 miles extended warranty from Kia and Hyund [Re: Starman2112]
Nick1994 Online   content


Registered: 02/19/13
Posts: 9820
Loc: Phoenix, AZ
Originally Posted By: Starman2112
Extended warranties are for suckers.
Depends on what you're buying. My aunt had a 2013 VW Beetle TDI and the extended warranty she bought more than paid for itself.

And my mom's 2012 Jeep Patriot has an extended warranty, it has paid for itself many times over.
_________________________
2015 Hyundai Sonata 2.4L 76k PU 5w30 & OEM
2000 Toyota Camry 2.2L 227k M1 AFE 0w30 & Wix
1996 Jeep Cherokee 4.0L 145k M1 HM 10w40 & Fram Ultra

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#4701228 - 03/20/18 09:21 PM Re: 200,000 miles extended warranty from Kia and Hyund [Re: 2008wrx]
JTK Offline


Registered: 08/14/03
Posts: 10417
Loc: Buffalo, NY
C'mon, everybody knows you need to buy an extended warranty contract for your $700/mo truck. You can't afford to get it fixed.
_________________________
2016 Subaru Forester 2.5, CVT. 2016 Nissan Quest SV (Babe magnet IV)

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#4701240 - 03/20/18 09:33 PM Re: 200,000 miles extended warranty from Kia and Hyund [Re: 2008wrx]
2strokeNorthstar Offline


Registered: 07/19/17
Posts: 224
Loc: PR CA, USA
Why are you betting the car you are buying is going to break down a lot? Buy a good car and maintain it. It won't pay for itself. They would be out of business if they were good for the consumer.

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#4702079 - 03/21/18 03:14 PM Re: 200,000 miles extended warranty from Kia and Hyund [Re: Nick1994]
Hootbro Offline


Registered: 08/25/03
Posts: 2380
Loc: DELAWARE
Originally Posted By: Nick1994
Depends on what you're buying. My aunt had a 2013 VW Beetle TDI and the extended warranty she bought more than paid for itself.

And my mom's 2012 Jeep Patriot has an extended warranty, it has paid for itself many times over.


Actually depends on a law of averages over time. While your two examples worked in their favor, over a larger sample size, the extended warranty works in the company's that are underwriting it's favor.

Warranties and extended warranties are largely marketing selling a service of risk vs. reward scenario to the buying public.
_________________________
2018 Jeep Wrangler JL 3.6L (Idemitsu 0W-20)
2017 Jeep Renegade 2.4L (Idemitsu 0W-20)


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#4702127 - 03/21/18 03:49 PM Re: 200,000 miles extended warranty from Kia and Hyund [Re: Hootbro]
Nick1994 Online   content


Registered: 02/19/13
Posts: 9820
Loc: Phoenix, AZ
Originally Posted By: Hootbro
Originally Posted By: Nick1994
Depends on what you're buying. My aunt had a 2013 VW Beetle TDI and the extended warranty she bought more than paid for itself.

And my mom's 2012 Jeep Patriot has an extended warranty, it has paid for itself many times over.


Actually depends on a law of averages over time. While your two examples worked in their favor, over a larger sample size, the extended warranty works in the company's that are underwriting it's favor.

Warranties and extended warranties are largely marketing selling a service of risk vs. reward scenario to the buying public.
Of course they wouldn't sell them if they didn't make money, but I still stand by what I say. It depends on what you're buying.

Are you buying a car that isn't known for stellar reliability? Like a German car or a Chrysler product? It might work out in your favor for one. If you're buying one for a Corolla, it might not make sense.
_________________________
2015 Hyundai Sonata 2.4L 76k PU 5w30 & OEM
2000 Toyota Camry 2.2L 227k M1 AFE 0w30 & Wix
1996 Jeep Cherokee 4.0L 145k M1 HM 10w40 & Fram Ultra

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#4705648 - 03/24/18 06:36 PM Re: 200,000 miles extended warranty from Kia and Hyund [Re: 2008wrx]
93cruiser Offline


Registered: 11/18/17
Posts: 144
Loc: New Jersey
I wouldn't bother. The money spent on the strict service guidelines through out the 100k-200k will exceed the cost of any repair.

I would just buy a toyota, and be done.

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