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Your thoughts on extended car warranties.... #5383698 03/23/20 12:40 PM
Joined: Mar 2008
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ZZman Online Content OP
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Posts: 6,981
1. Are they worth it?
2. Have or would you consider one?
3. Has one ever saved you expensive repairs?


2005 Toyota Avalon XLS 3.5 motor
2014 Ford Fusion 2.5 motor
Re: Your thoughts on extended car warranties.... [Re: ZZman] #5383702 03/23/20 12:44 PM
Joined: Apr 2018
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Imp4 Offline
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If you're buying a used Land Rover, Italian car of your choice, or other typically unreliable platform, then yes, it will surely pay dividends. Otherwise, they're generally a bad deal for the consumer.

To think of it another way, dealers love to sell these things. They see them as a way to pad profits. That's bad for the consumer.

Last edited by Imp4; 03/23/20 12:50 PM.
Re: Your thoughts on extended car warranties.... [Re: ZZman] #5383703 03/23/20 12:44 PM
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Donald Offline
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Not worth it in my opinion and Consumer Reports. Unless you have a lemon.

On my heat pump for my house I have a service contract only because when you have a problem they come quickly. With no service contract they come after finishing all the customers with service contracts.


2015 Ford F-250 w/Powerstroke
2016 Subaru Crosstrek CVT (wife's)
Re: Your thoughts on extended car warranties.... [Re: ZZman] #5383706 03/23/20 12:46 PM
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JayhawkRoy Offline
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1. Are they worth it? Generally, no.
2. Have or would you consider one? Yes, back in 1988. Only extended item repair that might have been covered was not covered, by warranty exclusion (GM extended warranty)/
3. Has one ever saved you expensive repairs. No. On the other hand, a former boss bought Chrysler products and came out very well on every extended warranty he purchased. I never had that kind of luck.

My family is purchaseing extended warranty on laptop computers, and we have at least broken even, so far.

Re: Your thoughts on extended car warranties.... [Re: ZZman] #5383707 03/23/20 12:48 PM
Joined: Jan 2006
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ammolab Offline
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Not worth it
Never bought one (First new car in 1964)
Would never have paid out its purchase price, even on Austin Healy or 1972 Fiat
Like Vegas, the odds favor the “house”.


1998 Jeep Cherokee
2011 BMW R1200R
2005 Kaw Ninja 250
1994 Jeep Wrangler 2.5L
2016 Chevy SS Sport Sedan
Re: Your thoughts on extended car warranties.... [Re: ZZman] #5383709 03/23/20 12:51 PM
Joined: Jun 2003
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Chris142 Offline
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The ones we have dealt with tried their best to get out of doing repairs. One of the things they don't cover is leaks. If your AC compressor leaked the refrigerant out they won't cover it. Another one sent us used Junkyard parts. And another dropped the client as soon as the car was fixed. They all are crooked.


02 Wrangler Napa high milage 10w40
87 F250 Valvoline 15w40
07 fjcruiser Car lube plus 10w30
Z400 castrol T 10w40
Can am Maveric edge 5w40
57 case tractor Chevron sae30
Re: Your thoughts on extended car warranties.... [Re: ZZman] #5383711 03/23/20 12:52 PM
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wings&wheels Offline
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1. Depends on the vehicle's likelihood for extensive, post warranty repairs and owner's risk tolerance
2. I have only bought one once, for a 2008 Jeep Grand Cherokee Overland. Bought it in early 2010 and being that this one had most available options and having owned several Jeeps, I purchased the extended warranty. Long story short is that as much as I liked this vehicle, it sold me on Range Rovers; if I was going to deal with marginal reliability and irritating problems, I might as well get something that I really wanted.
3. Yes. The climate control panel on the Jeep GC failed past the original warranty and was staring to emit a burned electrical smell when I got rid of it. There were also numerous issues w/ the entertainment and connectivity systems which were also after warranty. The drivetrain issues, including the xfer case pulling itself into neutral when parked(!) were covered by the factory.


'05 Lotus Elise S/C
'85 Land Rover 90 diesel
'74 Triumph TR6
'74 BMW 2002
'72 Land Rover Series III 88"
'99 Porsche 996
'01 Porsche Boxster S (mostly Wife's...)
'19 VW Golf R (Wife's)
Piper Pa28-236


Re: Your thoughts on extended car warranties.... [Re: ZZman] #5383713 03/23/20 12:54 PM
Joined: Feb 2014
Posts: 3,851
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Lolvoguy Offline
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1. Are they worth it?
Not if you purchase cars based on reliability
2. Have or would you consider one?
No, I purchase cars that are older and well maintained. To me, far cheaper and less hassle than dealing with dealerships
3. Has one ever saved you expensive repairs?
Yeah, on a Volvo S60 I once owned. Despite being only a couple of year old with low mileage, that thing spent more time at the dealership than in my possession.
I sold it soon after.


06 Lexus IS350- Wife
88 BMW 325is- Mistress
Say "no" to Turbo!
Re: Your thoughts on extended car warranties.... [Re: Imp4] #5383714 03/23/20 12:54 PM
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wings&wheels Offline
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Originally Posted by Imp4
If you're buying a used Land Rover, Italian car of your choice, or other typically unreliable platform, then yes, it will surely pay dividends. Otherwise, they're generally a bad deal for the consumer.

To think of it another way, dealers love to sell these things. They see them as a way to pad profits. That's bad for the consumer.



Funny, I switched to LR after a series of Jeep GC's, w/ the last Jeep being the only vehicle I determine to justify an extended warranty. Ironically, my RR's have been very good, the current ones are...the earlier ones, well they earned their reputation.


'05 Lotus Elise S/C
'85 Land Rover 90 diesel
'74 Triumph TR6
'74 BMW 2002
'72 Land Rover Series III 88"
'99 Porsche 996
'01 Porsche Boxster S (mostly Wife's...)
'19 VW Golf R (Wife's)
Piper Pa28-236


Re: Your thoughts on extended car warranties.... [Re: ZZman] #5383720 03/23/20 01:03 PM
Joined: Jul 2002
Posts: 5,880
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MCompact Offline
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Most of my used BMWs have been CPO cars. The only one that had a lot of repairs under the CPO warranty was my wife’s first year E39 528i. BMW NA usually offers rebates and low interest loans for CPO cars and BMW CCA kicks in $250-$500 as well.


Mine:
2014 M235i
2009 Cooper Clubman
1999 Wrangler Sahara
1995 318ti Club Sport

Wife's:
2015 X1 xDrive28i M Sport


Son's
2009 328i

Buy what makes you smile...
Re: Your thoughts on extended car warranties.... [Re: ZZman] #5383725 03/23/20 01:06 PM
Joined: Apr 2016
Posts: 12
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55hambone Offline
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Some years ago I purchased an extended warranty for a Dodge Caravan. The warranty was not affiliated with the manufacturer. After 3 years the transmission went out. But the extended warranty company had declared bankruptcy 2 months before that happened. I did get about 7% of what I paid for it back when the bankruptcy court was done with it. I was done with extended warranties until I purchased a 2016 Ford Focus. When I found out about the transmission, I paid for another warranty-this time from Ford. If you are getting the warranty, get it from the auto manufacturer. The other warranty companies tend to disappear after a few years.

Re: Your thoughts on extended car warranties.... [Re: ZZman] #5383726 03/23/20 01:06 PM
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BMWTurboDzl Offline
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Depends.

I bought one for my 335d and it covered a bunch of post-factory warranty dealer visits over the emissions systems. I also got an unbelievable deal on the cost of the warranty itself which really helped. In this case I came out ahead.

On my current ride, due to manufacture sales restrictions, I was unable to obtain the same deal and I figured I would break-even over the expected repairs* if I was lucky.

*I was going to purchase the warranty which covered gaskets, when it comes to BMW the most common post-warranty expense revolve around a couple of gaskets.

Last edited by BMWTurboDzl; 03/23/20 01:07 PM.

“It took untold generations to get you where you are. A little gratitude might be in order. If you’re going to insist on bending the world to your way, you better have your reasons.”

435i
Re: Your thoughts on extended car warranties.... [Re: ZZman] #5383728 03/23/20 01:11 PM
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BigCahuna Offline
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Posts: 2,374
I bought one a used car my daughter bought in Texas. She found this car at a dealer, and being we are in New Jersey I couldn't be available to help her out is something went wrong. She didn't want me to pay for the warranty and she couldn't afford it being a college student at the time, but I did anyway. One month before she was gong to sell the car, the trans went out on it. Dealer says she was looking at $3k to fix it. Then remembered the warranty. Covered in full. It doesn't always work out this good, but it was cheaper then the 3k. Don't think I'd buy one on a Brand new car tho.,,,

Last edited by BigCahuna; 03/23/20 01:11 PM.
Re: Your thoughts on extended car warranties.... [Re: ZZman] #5383738 03/23/20 01:22 PM
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csandste Offline
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Only one I bought was on an early Ford Tempo, guessed right on that one 'cause it was horrible. In general it's a 100% markup and I usually scream at any sales/finance people trying to foist one off on me.


2017 Kia Soul+ Valvoline Daily Protection 5w30+ a bit of Harvest King syn 5w30-- 75,000 miles
Re: Your thoughts on extended car warranties.... [Re: ZZman] #5383739 03/23/20 01:23 PM
Joined: Sep 2012
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NO2 Offline
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1. under limited circumstances
2. yes
3. I had an '87 Ford Aerostar, a work van that I drove very hard and was known for poor reliability. Purchased an 8 yr unlimited mileage warranty, and had over $6000 of repairs. The warranty cost $1500. Lots of engine work, brake lines, A/C, steering etc. etc.
My Mom bought a '12 Subaru Forester with a 7 yr warranty. Never used it. As other have said, it is only worth buying if you are purchasing a used or unreliable vehicle, and only if the warranty is provided by the vehicle manufacturer. Don't ever buy 3rd party warranties for cars.

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