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Extended Warranties

To Extend the Warranty or Not?

  • Yes, it's well worth the expense.

    Votes: 1 4.8%
  • No, what a waste.

    Votes: 17 81.0%
  • Other - explained below

    Votes: 3 14.3%

  • Total voters
    21
  • Poll closed .
Messages
5,352
Points
31
Are Extended Warranties Worth the Expense?

My vehicle, purchased in 2001, is approaching 32,000 miles (yes I commute quite a distance). The warranty is the standard 3-year, 36,000 bumper-bumper type. Now that the miles are getting up there and repairs are needed, I'm wondering if I should extend the warranty or not.

What does the Throbbing Brain of Cyburbia (tm) think?
 

Big Easy King

Cyburbian
Messages
1,361
Points
23
It depends on how long you decide to keep that vehicle. How long do you wish to keep that vehicle?
 

NHPlanner

A shadow of my former self
Staff member
Moderator
Messages
9,946
Points
40
Big Easy King said:
It depends on how long you decide to keep that vehicle. How long do you wish to keep that vehicle?
Just a thought, but haven't you two talked about this off-cyburbia? ;)
 

ludes98

Cyburbian
Messages
1,264
Points
22
Time of sale is the best time for extended warranty purchase. When the factory warranty is about to expire, cost effectiveness is lower, and price are always higher. If you plan on keeping the car, go for it. I have owned my current vehicle for 103,000 miles and purchased the extended warranty (for 75K) when I bought it. Still going, and no it isn't Japanese.
 

BKM

Cyburbian
Messages
6,463
Points
29
Well, I did not buy the extended warranty for my Subaru. Since I drive far more than I should, I am now past the standard warranty.

Guess what, the ari conditioner is no longer working.

Grrrrrrrr. I guess even Japanese-owned factories produce problems.
 

Repo Man

Cyburbian
Messages
2,549
Points
25
I bought it when I bought my used Accord in 2002. It extended it to 100,000 miles for $600 bucks. I have had 2 things go wrong that would have cost over 1,000 to fix, so it was worth it. The way I feel about it is that it is worth 600 for piece of mind.
 

Richmond Jake

You can't fight in here. This is the War Room!
Messages
18,313
Points
44
[jordanb]

I don't own a car so this doesn't apply to me.

[/jordanb]
 

BKM

Cyburbian
Messages
6,463
Points
29
But it could apply to jordanb's ultra high tech Mac G-4 (Just an assumption here) :)
 

el Guapo

Capitalist
Messages
5,995
Points
31
Planderella said:
Are Extended Warranties Worth the Expense?

My vehicle, purchased in 2001, is approaching 32,000 miles (yes I commute quite a distance). The warranty is the standard 3-year, 36,000 bumper-bumper type. Now that the miles are getting up there and repairs are needed, I'm wondering if I should extend the warranty or not.

What does the Throbbing Brain of Cyburbia (tm) think?
1. What does the warranty cover?
2. What is the make of the car? Hundai or Mercedes...there is a huge difference in reliability.
3. What is the chance that you'll dump the car in the time the warranty will be active?
4. Do you have a strong man in your life that can expedite repairs and trash talk car dealers in to cutting you a break? ;)
5. Are you keeping up on fluids and required maintenance? Miss one oil change and they don't back the extended warranty.
6. Your car, even if it is a GM product, should last you - without any MAJOR repair - at least 150,000 miles if you warm up the engine every time you start it, change the oil and fluids religiously and get all mechanical and electrical issues checked right away.

my 2 cents :)
 

Jeff

Cyburbian
Messages
4,161
Points
27
If you use it once it pays for itself. I bought it and never used it. Good thing and bad I guess?
 

H

Cyburbian
Messages
2,850
Points
24
I have been brain washed by my father never to buy the extended warranty on anything. So far I never have had it be a major problem. If I do run into a problem and must pay for a new something I will still come out ahead with all the money I have saved over the years of not buying warranties (and this is the point he has made to me for years.) :)

Plus anytime something has a warranty it with out fail seems that the particular piece that breaks is not covered by that particular warranty. :p
 

biscuit

Cyburbian
Messages
3,904
Points
25
H said:
I have been brain washed by my father never to buy the extended warranty on anything. So far I never have had it be a major problem. If I do run into a problem and must pay for a new something I will still come out ahead with all the money I have saved over the years of not buying warranties (and this is the point he has made to me for years.) :)

Plus anytime something has a warranty it with out fail seems that the particular piece that breaks is not covered by that particular warranty. :p
Ditto, once again.

My Dad also drilled it into my head that buying the extended warranty was often a waste of money. He always said that as long as you keep something of quality maintained it shoud last for a long time. The only time I puchased an extended warranty was on a car stereo and, wouldn't you know it, when something did go wrong it wasn't covered.
 
Last edited:

Tranplanner

maudit anglais
Messages
7,918
Points
37
There is an appliance/electronics store in Canada that is notorious for pushing (and I mean PUSHING) extended warranties. When buying the appliances for our new house I flatly refused to purchase them - the salesperson kept trying to sweeten the deal so that I would take the warranties. IMHO, they're not worth the extra money.
 

ludes98

Cyburbian
Messages
1,264
Points
22
I only weighed in on vehicle warranties since that was what the original post was about. If you plan on keeping the car for a long time or driving the hell out of it, then get the warranty. I have put 40K a year on a vehicle. It was worth it to have coverage that lasted more than a year. I have also used the warranty on every car I have ever owned including GM, Honda, and Toyota.

As far as warranties on other products I never buy them unless the product is generally a piece of crap and I know it before I buy it. Bubble jet printers are a good example. I have gotten 2 free replacements because they are not made well and break alot. I have never had a problem with my laser. Qualtiy is a factor in whatever product you buy.
 

SlaveToTheGrind

Cyburbian
Messages
1,447
Points
27
As a former car salseman (while trying to find my first job) I can say the warranty can give you some peace of mind, if you read the fine print. Some are good, and some are bad. But all of them make the dealer and salesman a lot of money. I could make $100 on the "back end" when I sold an extended warranty.

A 2001 with only 31,000 miles is good. Any car with that low of miles and a 2001 should not need repairs (even if it's a Chevy...sorry Chevy owners) even brakes should still be good, which are not usually covered under a warranty, as well as tires, etc.

95% of all cars will run a long time if well taken care of and not abused.
 

Mastiff

Gunfighter
Messages
7,181
Points
30
I bought one on my Durango that had 30k miles.

But, I knew from the test drive (and some reading on the problems of the particular model), that the ball joints would need to be replaced.

A month after I bought it, I had a $900 job done for the $100 deductible, I also had a water pump replaced at $300, so for the $250 warranty and the $200 in deductibles... I had $1200 in repairs done.

So mine was worth it.
 

BKM

Cyburbian
Messages
6,463
Points
29
Now, now Chet. The Daimler-Chrysler merger was a "marriage of equals." :)

Of course, what I've read is that Mercedes quality is beginning to lag seriously behind other luxury makers (the M-Class is a notoriously buggy SUV, sorry Alabamans), So, AMERICA has had the last laugh :)
 
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