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Thanks
:confuse:
We're buying our first Lexus (2007 RX350) and wanted to know if anyone can share their thoughts on whether or not an extended warranty would make sense. I know how reliable they are, but we plan on keeping it well beyond the manufacturer's warranty. Any thoughts would be greatly appreciated.
EXT warranties can be very beneficial for some folks.
Ask yourself this question...
When the vehicle is out of warranty and something mechanical breaks...at any given time, can you afford to pay a substantial service charge without going broke?
thats a big one...I have known people who needed some major repairs out of nowhere and couldnt afford to get it done.
On the otherside if you can afford a major repair but want some preotection you could self insure....put the cost of the warranty in a bank account and only use it for non-warranty repairs. If you never use it you get your money back with interest.
Of course if you go with the warranty....make sure its one backed by an automobile manufacturer and not some aftermarket warranty company in Mongolia. The factory warranty is usually a little bit more money but well worth the extra cost.
Good luck and enjoy your new Lexus.
I'd STRONGLY recommend that you contact Toyota of Greenfield, Mass to get a warranty quote. My dealer wanted $1900 for the warranty, but I picked it up through Greenfield for $600. The warranty is issued via Toyota corporate headquarters, so you don't have to worry about obtaining it away from your own Lexus dealer.
Good luck,
Could you please suggest me an Extended warranty for my 2003 BMW 525i with 26000 miles. My car has BMW manufacturer warranty till April 2007.
I got this car last week and I'm the 2nd owner of this car. I bought this car from a Non-BMW dealer. He is offering me to take 3rd party warranty from AUL corp (6years/100k/$0 deductible) for $1900.
and also I got some online quotes from Continental for "Protective Factory plus" warranty (6years/100k/$100 deductible)for $2000. Did anybody using Protective warranty?
As BMW is not offering any warranty after 4years/50k miles, Could you please suggest me of any reliable 3rd party warranty,
thanks in advance,
RK
Instead of pouring your hard earned money into a worthless warranty, you're better off just paying a little extra and getting yourself a more reliable car. There are very few companies (if any) that will warrant a car past 100k anyway. That alone should tell you something.
I love it!
Another of my favorites is......Free tires for life. But as you guessed it, all the maintenance, and it's the stealer recommended maintenance, has to be done there.
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Our regular oil change is $21.95. 'Course his car takes MobilOne, so it costs more, but geez, $36 labor for an oil change!? Yikes!
I wish I could have read that contract.
I'm just a teacher appreciating figurative language and creativity.
We'll leave the "Fill in the blank: ALL TEACHERS ARE _______" discussion for another forum. :shades:
tidester, host
Dittos - we're in the same boat.
tidester, host
I am hunting for an extended warranty for my 2006 Grand Prix and decided to check out the two websites youhave been referncing over and over again (Black and Capper). I went to both these websites but am having trouble finding where I can find prices for different warranties. On Capper's website, every page I go to says "Coming Soon" and on Black's, I keep ending up on the purchase form page. Please advise. Thanks.
terms, time, etc. and e-mail
for your GMPP price. The prices used to be plainly
posted on their sites..............
Let's say you keep the car beyond the factory warranty period and the motor needed to be replaced or some other major service...If the bill was $3000 can you afford to write the check?
If you decide that the ext warranty is for you, make sure you only get the factory backed warranty. Not some fly-by-night aftermarket company that has no incentive to keep you happy...remember if you get a Toyota warranty they have a vested interest in keeping you happy so you will continue to buy toyota's....the aftermarket company has no such incentive except to pay out as little as possible to stay in business.
They offered a 5yr/75,000ml ET (bumper-to-bumper)for approx. $1600. The kicker was that if you didn't use it by then, they refund 100% of your money. I've been to Warranty Direct, Black Pontiac GM Outlet, and Capper Auto Center and I can not find a bumper-to-bumper for less than $1600.
Is this a good enough deal from the dealer to forget everything I've read on these forums? Please advise. After I initally turned it down, they informed me that I can still buy it until I get to 36,000 miles.
"chryslerservicecontracts.com" was the lowest of the three. It was fast and simple. I also purchased ten lube/oil/filter Chrysler maintenance. coupons for $150.00 which comes out to $15.00/visit.(good at any Chrysler dealer in the USA).
I drive about 12000 miles/year and will only keep same for 4 to 5 years and the PT Cruiser does not have a stellar maintenance record. Peace of mind!!
Is on-line price is final or do I have to contact their sales department for any price negotiations?
http://www.jaguarextendedwarranty.com/
They offer two types of Extended Warranty for Jags - one is EasyCare, which uses equivalent parts - then they also offer Jaguar ExtraMile, which uses only Jaguar parts. Both offer 3 year or 5 year, 100,000 miles contract with $0 deductible or $100 deductible. The Jaguar ExtraMile appears to be very much like the Jaguar extended coverage offered at the time of original purchase. This is offered by Bergen Jaguar in Paramus, New Jersey. Any information or comments about this warranty would be appreciated.
For the record, the others I am considering are WarranyDirect and WarrantyWarehouse.
My VW Passat 2001 came with 50k factory warranty and I had 80k extended warranty.. the car's running 82k miles right now.. so it is beyond factory provided warranty and I realize I'm late in seeking out for further extended warranty but better late than never.. The car hasn't had much issues but I'd just prefer a peace of mind by having an extended warranty, preferably from VW if they offer one.. If you folks have good experience and pricing with any of extended warranty 3rd party providers, please feel free to enlighten me.. Thanks much in advance !!
Most of us here would probably advise that purchasing a 3 party warranty especially at this late a date and mileage would probably be expensive and risky, but the choice is up to you.
Just had a thought. I've seen some folks post that they have gotten mechanical breakdown coverage through their auto coverage company at a reasonable price. Might not be as risky either...just another option to check.
I also have a low mileage 525.
I am trying to get smart on the pricing.
Thanks
Thanks!!
Then had to pay $1995 for 7/70 extended warranty!!
You didn't have to buy the service contract. The contract itself will have a box stating that you agree you didn't have to purchase the contract to get the car. It'll be right by your signature. The dealer may have told you that you had to buy the contract when they legally can't do that.
was I getting hit to make up for the sale, YES
or do Chrystler warranties cost that much?? YES, there is tremendous markup on service contracts. You could have negotiated the price.
and its $100 deductible!! for that money i think they should pick me up at home!! You have a point there...
geeez..any thoughts on this would be appreciated
Service contracts are serious moneymakers for the companies selling them. Chances are good that a) you'll never use it. b) you'll trade in your vehicle before it's out of factory warranty or c) the claims you have won't exceed the $$ you shelled out for the contract to begin with. In fact, some contracts I've read have that stipulation.
More often than not, your money is better left in an interest bearing account and saved for a rainy day. That way YOU control when it is spent, YOU control what parts are used, YOU control who works on your vehicle.
I put zero value on handing someone your money to give you 'peace of mind' when car repairs are needed. Peace of mind comes from financial stability (in part); it does not come from having someone else's promise to take care of you. The same money, put in a bank, would be readily available as well as earning a bit of interest.
But that isn't happenning and almost all brands are good enough for most of their vehicles to make it to 100K miles w/o a major repair (IMHO).
Everyone has a different opinion about whether an ext. warr. is worth it, but I do agree with you that many people feel the peace of mind it brings is worth the cost. Me personally though, I'm with the previous poster.
What I see is that you have convinced yourself that the law of averages is way against you and you will have at least one major repair on every vehicle you own. To me, the law of averages has been on my side for every vehicle I've ever owned. Lucky? Maybe. But if I ever do have to replace an engine or tranny, I'll still consider myself way ahead. If I had bought an extended warranty for every vehicle I've owned, I'd be about $40K poorer.
But it works for you, so I'm happy for you.
In my case, I carry the best available homeowner's coverage because the cost of rebuilding my home after a major fire could easily exceed $300K, & that would bankrupt me. But a $1K or $2K car repair is, at worst, a nuisance.
Real financial peace of mind comes from a strong balance sheet: ample savings & little or no debt. When I hear someone who's purchased a car that costs well north of $30K insist that he needs a service contract to protect himself from the occasional $1K repair, I have to suspect that he's made the proverbial dog's breakfast of his personal finances.