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Gold Plus Extended Warranty -- worth it?

marc42marc42 Posts: 3
Will be buying a new 2010 forester limited. Is the Gold Plus warranty worth it (I can get a 7yr/70K with 100 deductible for $875)?

I'm also considering a third-party warranty from WarrantyDirect instead - I read one online review that highly recommends this firm but I'm not certain. Anyone have any direct information?

I'm also not certain if I must purchase the gold plus right when i purchase the vehicle, or whether I can wait 3 years until the factory warranty runs out and then purchase it (or will it be much more expensive then?)

Thanks.
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Comments

  • billwvbillwv Posts: 48
    I purchased my 2009 in September, and get the warranty offer mailed to me about every two months. So, I don't think there is a need to hurry.

    Bill
  • ateixeiraateixeira Posts: 72,587
    True, you can buy it for about the same price until your 3/36 warranty expires.

    I got one for our 2002 and may do that again for our 09.

    You get roadside assistance included, so we no longer have AAA. Plus it made it much easier to sell our 02 - the buyer said the warranty was the reason he chose our used vehicle to buy.
  • bigdadi118bigdadi118 Posts: 1,207
    Is there a website to buy this warranty?
    Would it be cheaper to buy it online than at the dealer, like the Honda Care warranty?
  • ateixeiraateixeira Posts: 72,587
    No, I asked and there isn't.

    Any thing you do find on the web would be a specific dealer's site.

    I think Subaru ought to do this, but they probably don't want to step on dealers' toes.

    The funny thing is dealers make a profit on sales of Gold warranties, but Subaru does not. Subaru loses money, but they establish Good Will with customers and earn more loyalty.
  • strange, I bought my 2009 in Dec 2009/Jan 2010 and have never received a warranty offer!
  • bigdadi118bigdadi118 Posts: 1,207
    Is the Gold Plus warranty worth it (I can get a 7yr/70K with 100 deductible for $875)?

    marc - can you advise the dealer name and location? This Gold Plus price seems CHEAP

    Is there a way to find the cheapest quote online re Subaru Gold Plus extended warranty?
  • > Is there a website to buy this warranty?
    > Would it be cheaper to buy it online than at the dealer...

    There are websites of dealers that offer the warranty, like:
    http://www.subaru.net/sales/contracts.php
    http://www.subaruwrxparts.com
    http://www.stevemoyersubaru.com

    Different dealers both online and local will give you different prices. For the cheapest, you need to check them all, including your own dealer. The warranty is a sales item: the prices vary and are negotiable .
  • > ... Is the Gold Plus warranty worth it (I can get a 7yr/70K with $100 deductible
    > for $875)?

    That is the one I am looking at, and my dealer wanted $1100 for it.
    It might be worth it if you have a moonroof and use it frequently. They often fail after the factory warranty and cost $1200 or so to fix.
  • bigdadi118bigdadi118 Posts: 1,207
    The lowest Gold + I can find

    7yr/100,000 - $100 ded is $1,200

    pay in 10 payment by charge to credit card interest free.
  • I found this site when researching the prices of warranties and thought you might like a look see. Your prices seem pretty good compared to this. Where did you get your price?

    http://www.subaru.net/sales/contracts.php
  • aaykayaaykay Posts: 539
    This is for a Tribeca SE 7-passenger that I just bought, from our local dealership. Can be split into 10 equal interest-free installments, as long as it is not on an American Express.
  • bob_b1bob_b1 Posts: 29
    Please let me know the dealer name.
    Thanks
  • bigdadi118bigdadi118 Posts: 1,207
    I will email you the dealer contact info. You can click my name and have my email addr.
  • wgaydawgayda Posts: 1
    could you please post the mane of the dealer that offers the gold 7/70 100 ded. for $875, also the 7/100000 100 ded. for $1200. thanks, wayne g.
  • don7777don7777 Posts: 1
    edited June 2010
  • ateixeiraateixeira Posts: 72,587
    Thanks for posting your prices straight up like that, very up front and honest. Hope it earns you some business.
  • jogousajogousa Posts: 402
    Extra warranty is a waste of money. Ask any car or money advisor. Also, check with Consumers Report or J.D.Powers to find out more. It's an extra revenue for either Subaru or an independent underwriter.
    My 40-some years experience buing new cars confirms the above.
  • pgb0517pgb0517 Posts: 84
    I disagree. If you shop carefully and buy a factory-backed warranty at a great discount, it's not necessarily a waste. I have had factory extended warranties on two minivans and got my money's worth and more. Even though they were good vehicles, I still recovered my warranty cost after deductibles. One of the vans I sold after a couple of years. I had bought it used with almost no miles left on the original warranty, got a good deal on the extended warranty, used it once myself, and then having the extended warranty helped me sell it for a good price. The buyers were friends of mine who used that warranty several times -- once to repair the transmission while they were traveling out of state. On another van, I got a lot of repairs done for the cost of one deductible just as the extended warranty was about to expire at 80K miles. I had a bad experience with a third-party warranty that looked like a solid deal when I bought it, but then that company went out of business, and the warranty went down the drain. So stick with factory warranties. I'm waiting for the right time to buy a warranty for my Forester because we plan to keep it forever.
  • jogousajogousa Posts: 402
    edited July 2010
    Well, we agree to disagree. I stick with factory warranty but extended warranty, according to many studies out there (including Consumers Union), is a waste of money.
    I stick with what is recommended by studies done on this subject by reputable non-profit organizations.
    In my 40-some years buying new (mostly Japanese) cars I never bought extended warranty and never had any problems.
    Extended warranty (in my opinion) might make sense for US manufactured cars although their quality improved greatly lately.
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