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Gold Plus Extended Warranty -- worth it?

124

Comments

  • ateixeiraateixeira Posts: 72,587
    The odd thing is that no, we're not at 36k miles yet, nor is it 3 years old.

    I think it should not have been covered at all, since technically it was damaged, not faulty, but they covered it out of good will because I'm a Gold customer.

    At least that's what I'd like to believe.

    They gave her a free loaner, too. A Kia Rio. Last time we were there (also for a Gold warranty claim) they gave us a Benz C240 4Matic wagon! Seriously.

    My dealer treats Gold customers well. :shades:

    No promises that you'll get the same service - my wife is attractive and that probably didn't hurt! LOL
  • buckdbuckd Posts: 1
    Your grand total for the repair was not $0. The grand total is what ever you paid for the Gold warranty.
    I had the Gold on a 2001 and the only repair that fell under that warranty was a tie rod replacement. I didn't save the hundred or so the repair would have cost. It cost me $700 plus I paid for the warranty.
    Your costs for repairs under these extended warranties is: Warranty Cost divided by the number of repairs.
    IMHO
  • ateixeiraateixeira Posts: 72,587
    I paid for the Gold warranty with Subaru Bucks from my Chase Subaru credit card, so $0 out of pocket.
  • dcm61dcm61 Posts: 1,472
    edited January 2012
    There's an opportunity cost to earning Subaru Bucks. You give up cashback on other CCs to get the Subaru Bucks.

    End result: You [indirectly] paid for the warranty.

    P.S. Granted, it's hard to find a CC with across the board 3% rewards.
  • ateixeiraateixeira Posts: 72,587
    Exactly. I usually get 1% on most stuff, so you're still getting 67% of it for "free".
  • A couple of weeks ago, I bought a new Forester and bought the Subaru Gold Plus extended warranty from Joe Gingras of Roto Subaru Mazda Inc.
    (847-255-5700 ext 290). He is very professional and prompt, and the warranty is Genuine Subaru warranty (my dealer tried to sell me some inferior and overpriced warranty called "platinum" - Subaru does not sell such a warranty).
    The warranty for 7 years/70,000 miles with $0 deductible cost $835.
  • xwesxxwesx Fairbanks, AlaskaPosts: 8,582
    Wow, that's a really fantastic price! Nicely done! :shades:
    2010 Subaru Forester, 2011 Ford Fiesta, 1969 Chevrolet C20 Pickup, 1969 Ford Econoline 100, 1976 Ford F250 Pickup, 1974 Ford Pinto Wagon
  • I didn't end up getting my warranty from Joe, but during my research, I found him to be a very amicable and low pressure guy. I would have had no problem doing business with him. Lots of good press for him.
  • ram78ram78 Posts: 1
    Does it cover the tires/rims, dunts & dings on your car for that price.
  • aathertonaatherton Posts: 617
    It does not cover accidental damage. It is not insurance.
    http://www.subaru.com/owners/resource-center/added-security/index.html
  • Excellent coverage on everything but maintenance. Funny how people think a service contract should cover their maintenance - that's not what they're for. Negotiate a fair price - offer a hundred over cost. All Subaru Added Security contracts dealer cost = 1/2 MSRP. How's that for your new direction ?
  • aathertonaatherton Posts: 617
    "Funny how people think a service contract should cover their maintenance..."

    Repair contract is probably a more accurate description of the Subaru extended warranty.
  • ifontaine--

    if you didn't purchase the warranty from Joe Gingras, do you mind me askingwhere you bought? I want the GoldWarranty, 7year/100k/0 deductible warranty.

    Thanksfor any help!

    ps i guess some places tack on doc prep/taxes/etc. which ultimately brings the price up? Doesn't seem Joe or Mastria was going to do that?
  • xwesxxwesx Fairbanks, AlaskaPosts: 8,582
    I picked up the same warranty from Mastria last December. He quoted a few dollars under $1500, but I paid with Subaru Bucks, so we made it $1500 even (you can't get change back when paying with Bucks, and they come in $100 increments).
    2010 Subaru Forester, 2011 Ford Fiesta, 1969 Chevrolet C20 Pickup, 1969 Ford Econoline 100, 1976 Ford F250 Pickup, 1974 Ford Pinto Wagon
  • @Pepsi1977....

    I did buy my warranty from Joe Gingras at Roto Subaru in Illinois. I had pursued 4 or 5 different quotes for the 5/100,000 $50 deductible, and Joe and Don were the most personable people that I dealt with. You can go back to post# 79 if you want to see my details.

    Mine was $922 out the door. No tax, no doc fees, etc.

    Good luck!
  • Thank you so much for the information. (I'll find out what a "Subaru Buck" is from Mastria :) Sounds great)
  • xwesxxwesx Fairbanks, AlaskaPosts: 8,582
    edited September 2012
    Hahah; sorry! Subaru Bucks are a "rewards" program through a Chase Mastercard. It provides 3% of all purchases toward a $100 rewards certificate. On the billing period in which the accumulated 3% exceeds $100, a certificate is mailed with the billing statement. A single account can accumulate up to $500 per year (the accumulation is frozen at that point until the billing period after the starting month). The certificates are currently good for 48 months after their issue date.

    They can be used toward the purchase of a new Subaru vehicle, Subaru parts or accessories, labor on a Subaru vehicle, or an extended warranty. They are good in any continental US state (including Alaska).
    2010 Subaru Forester, 2011 Ford Fiesta, 1969 Chevrolet C20 Pickup, 1969 Ford Econoline 100, 1976 Ford F250 Pickup, 1974 Ford Pinto Wagon
  • ateixeiraateixeira Posts: 72,587
    I have $500 saved up. :shades:

    IIRC we got $1400 off our Forester, and it's like cash so after the price was agreed upon.
  • How does this sound?

    $1301 7yr 100k Gold Warranty $0 deductible (Joe/Roto)

    No doc or tax fees extra. IF I want 10 payment plan there is a $79 surcharge (ie $1301 plus $79)

    Seems good?

    Don/Mastria hasn't returned my calls yet from this morning...Joe/Roto was right on it. Perhaps prices have gone up in last 6 months because it seems that last I checked the prices were aout $150 less 6 months ago? Does that seem right?
  • xwesxxwesx Fairbanks, AlaskaPosts: 8,582
    I don't know for sure. To me, the price quoted by Roto sounds great. That said, the MSRP of the warranties varies by model and model year. Mine was for a 2010 Forester X Premium.

    The options presented to you by Roto were the exact same as those presented to me when I worked with Mastria last year (e.g., ten payments with a finance/service charge of $79).
    2010 Subaru Forester, 2011 Ford Fiesta, 1969 Chevrolet C20 Pickup, 1969 Ford Econoline 100, 1976 Ford F250 Pickup, 1974 Ford Pinto Wagon
  • cool. i'll go with Joe :) (still haven't heard from Mastria....)
  • I ended up doing the warranty in 10 payments--has anyone had a problem with a warranty repair where the dealer didn't want to honor the warranty because it wasn't "paid for"/still making payments? I'm just wondering...it came up in conversation with Joe....(?)
  • dcm61dcm61 Posts: 1,472
    That said, the MSRP of the warranties varies by model and model year.

    The base warranty price is the same for any "new" (still under 3/36 warranty) Subaru.

    The following surcharges may apply:
    6 cylinder = $95
    Turbocharged = $295
    STi = $495
  • xwesxxwesx Fairbanks, AlaskaPosts: 8,582
    I have had issues with my local dealer honoring the warranty simply because they are obnoxious, but it had nothing to do with the warranty itself. If you have any issues at all, just contact Subaru directly and inform them of your concerns.
    2010 Subaru Forester, 2011 Ford Fiesta, 1969 Chevrolet C20 Pickup, 1969 Ford Econoline 100, 1976 Ford F250 Pickup, 1974 Ford Pinto Wagon
  • After all the research I put into buying a new car (2013 Legacy), I hadn't prepared for the extended warranties. I ended up getting the 6/60 Added Security Plan w/ $50 deductible and the 2/24 Maintenance Plan for a combined $1,860. We are low mileage (5-7k/yr) mostly city drivers. The dealer said their current cost for the 7,500, 15,000, and 22,500 mile service totals about $880, so the Security Plan was an additional ~$1,000 (and the cost of paying up front). There were some additional goodies, like oil changes for life (well, 25 changes, which for us will be 25 yrs...).

    Another issue is I was told that the deductible only kicks in after year 3. I assume this is because the first 3 years are under the standard warranty, but I was also told that the Added Security Plan covers more during years 2 and 3 than the basic plan, so it looks like there could be a deductible during those years.

    Looks like I have 90 days to cancel. I like the peace of mind, but feel like I got rolled when I was not prepared to discuss the warranties. Thoughts?
  • ateixeiraateixeira Posts: 72,587
    You also get 3 extra years of roadside assistance.

    I think you did OK given you essentially pre-paid for several years of maintenance.
  • xwesxxwesx Fairbanks, AlaskaPosts: 8,582
    From that aspect, I guess it is okay, but you also PREPAID for that maintenance, so saying those cost $880 out of pocket combined should not equate to paying that much up front. I'd say valuing that at more like $600 is more reasonable.

    I don't think you were "rolled," but the dealer is definitely making good money on this deal. Like you said, though, peace of mind counts for a lot.

    On a 6/60 warranty, what you get is the extra roadside assistance, some small benefits on the extended that are more limited within the standard bumper-to-bumper (read the warranty details for the details!) - yes, these are subject to the deductible - and one year added warranty on the drivetrain components.

    What I would do is call Rota Subaru, find out what they'd sell a 6/60 with $50 deductible for, add $600 to it, and see where that puts you as compared to what you paid. If you're over significantly, I'd talk to the selling dealer about converting the plan to a zero deductible or threaten to cancel and buy elsewhere.

    You might have prepaid all that maintenance, but you could also pocket that money now and make better use of it.
    2010 Subaru Forester, 2011 Ford Fiesta, 1969 Chevrolet C20 Pickup, 1969 Ford Econoline 100, 1976 Ford F250 Pickup, 1974 Ford Pinto Wagon
  • Well, I was able to get $700 back and convert it to the zero deductible plan (still 6/60, and 2/24 maintenance), so I feel much better about it now.
  • xwesxxwesx Fairbanks, AlaskaPosts: 8,582
    Nicely done! :shades:
    2010 Subaru Forester, 2011 Ford Fiesta, 1969 Chevrolet C20 Pickup, 1969 Ford Econoline 100, 1976 Ford F250 Pickup, 1974 Ford Pinto Wagon
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