Edmunds dealer partner, Bayway Leasing, is now offering transparent lease deals via these forums. Click here to see the latest vehicles!
Popular New Cars
Popular Used Sedans
Popular Used SUVs
Popular Used Pickup Trucks
Popular Used Hatchbacks
Popular Used Minivans
Popular Used Coupes
Popular Used Wagons
Comments
2018 430i Gran Coupe
Thanks for a post that brings actual information -- much appreciated.
Also, a small percentage of buyers buy time saved, as in case of the issue, they don't have to think about it - they just go to the dealer (or other garage that is on the list), don't have to think whether the quote is reflecting the real need. Saves them time and hassle. For steep price, IMHO, but if they value it that much, then fine. As long as you know what you're buying and for how much, it's fine.
2018 430i Gran Coupe
2017 Cadillac ATS Performance Premium 3.6
OTOH
So, for an expected payout of $800, the customer will perhaps pay $2,400. . . .As with all bets, the house (dealer) wins.
Generally I agree, but there are exceptions. If I had a 3 year old Mercedes, bmw, Audi, and I was doing 12000 miles a year, and I loved the car and wanted to keep it for 3 more years, I might just think that since I am buying out the car so still have about $25000 invested in it, I might rest easier paying $800 a year to have the peace of mind of knowing I am not going to have a few major repairs in a year that could cost $3000 or more. I don't think I would do it but I know some people worry more than others...peace of mind is worth something.
The example Karhill gave may be a bit flawed.........few people will come out with an average repair bill of $800. I bought that full replacement insurance and it cost about $60 a year. The new car was worth about $25000 more than a depreciated MB E400 would have been. A lot of people pay $60 a year and don't collect anything, but the insurance company still makes a profit....it is just collective buying power and odds. The warranty company doesn't make a profit on every sale but they do overall.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2018 430i Gran Coupe
2018 430i Gran Coupe
No information on registration practices. @Kirstie_H - you live in MO, right? Any help?
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
As for cars: When I had my CTS, I was looking at GM warranties and, IIRC, it was something like $2k to add 1 year to the already pretty good factory warranty. Not worth it. But $2400 to get the Lifetime bumper-to-bumper warranty on my wife's $48k minivan? Yup, I took that. That is a long-term bet but I really can't imagine how I will not come out ahead on that in the end.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
2018 430i Gran Coupe
2013 LX 570 2016 LS 460
Edmunds Price Checker
Edmunds Lease Calculator
Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
MODERATOR
2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4
On top of that we will be visiting our niece in Boca and Mrs. j's sister who is visiting her daughter now. They have some things planned so I'll see how that goes.
If we weren't going to be attending so many get togethers this would have been a good time to barge in on @abacomike. That way I could have given you guys a first hand account of the 740i he has been bragging about. Maybe next time. BUT, if Mike could find it in his heart and wallet to take all of us to that expensive steakhouse, I might be able to find a way to pop in.
I hope you guys don't burn up all the cyberspace before I get back because I'm sure I'll have some lengthy tales to tell, especially if Mike bites on my proposition.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
2020 Acura RDX tech SH-AWD, 2023 Maverick hybrid Lariat luxury package.
I'll take you and your wife for dinner at the steakhouse! Name the day!
2021 Genesis G90
I'd rather spend the $5K on a run-forever used Honda or Toyota that you keep in the garage in case the BMW breaks down and you need another car. Forget the warranty, with my method, at the end of the car's warranty life if you haven't needed to use the old Honda or Toyota yet, you can still sell them, whereas the warranty will be worthless if you never use it.
Maybe the pros in here can tell me if the body changed all that much since 2015. No wise cracks, I'm talking about the car not me. I never change.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
houdini1 said:
» show previous quotes
I keep expecting them to moderate that stupid grill, instead, each year they seem to double
And I find it looks better if you view the grill looking down a bit. In the view where it looks the worst you are level and see it in all it's gory detail.
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
Thanks, but I said ALL of us. I can't very well let my brother, his wife and my sickly Delray Beach SIL fend for themselves that night since he is footing the cost of the condo without expecting anything from me. Although I will be picking up a few dinner tabs as I mentioned earlier. He is a big eater but his wife, my other SIL, and Mrs. j eat like birds so anybody that can afford a 740i can easily afford to do that.
I just had a thought...since I will have already laid the ground work for me picking up some dinner tabs, what do you say about when the check comes to the table, I'll play like I have turtle feet and then you grab the check to make me look good. I'm sure everyone will be impressed and comment about how nice of a poster I met on Edmunds.
This can't help but make you look good.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
2017 MB E400 , 2015 MB GLK350, 2014 MB C250
No. I really don't think anybody gets their money worth. I have 2 now but because I inherited them. So they cost me nothing up front. However, the yearly maintenance and taxes plus the transfer fees is pretty steep, but not too awful IF you use it. Cheaper than a hotel, and we get to stay in a place far far better than a crappy hotel room. We don't go anywhere we don't want to. I managed to score Costa Rica this year. Going the last week of kids' summer vacation. Last year was Orlando. Year before that was Lake Tahoe and Utah. And there was a Vermont skiing trip in there somewhere. Oh and Aruba last year, too. So we definitely have been using them.
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
You do realize that Pompano Beach is 2 blocks east of where I live. The City of Pompano Beach runs east of the Florida Turnpike and I live 1 block west of the Turnpike.
As far as taking your entire family out for dinner at the steakhouse in order to impress you and your relatives - forget it! Perhaps we could all meet at Chick-Fil-A at the Boca Raton Town Center Mall and that luncheon I will pay for?
2021 Genesis G90
That is the way my brother looks at it too. Nicer places than he would probably get for the same money. He said he wouldn't do it again but he got in about 45 years ago and because of that he gets some pretty good deals if he elects to upgrade his package every so often.
My brother will be passing on his condo rights to his 4 kids. 3 of them will probably consider it a burden but his oldest son who is doing pretty good financially has already offered to buy out his siblings any time they want out.
Like you said, it isn't for most people and I'm not one of them either.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
As far as taking your entire family out for dinner at the steakhouse in order to impress you and your relatives - forget it! Perhaps we could all meet at Chick-Fil-A at the Boca Raton Town Center Mall and that luncheon I will pay for?
Thanks for that half offer but we just came back from Chick-Fil-A since Mrs. j was afraid to make too much of whatever she would have made for dinner tonight and then had to freeze it (pretty weak excuse if you ask me). Plus, she didn't like the idea of cooking tonight anyway (the real realson). She has gotten kinda wimpy the night before vacations lately.
One of these trips to Delray Beach we will have to get together.
jmonroe
'15 Genesis V8 with Ultimate Package and '18 Legacy Limited 6 cyl
The maintenance minder light on our 2011 Pilot chimed on the other day (92,500 miles). It calls for an A13 service which is an oil change (I change the oil filter & rotate the tires every time) and Replace Transmission & Transfer Case Fluid.
I have previously had the Transmission & Transfer Case Fluid (as well as the front & rear differential fluid) drained and filled at 37,289 miles (on 7/2/2013) and then at 72,434 miles (on 1/5/2016). Should I get it done again just so I am on the maintenance minder's schedule?
The maintenance minder hasn't called for the timing belt/water pump/tensioner yet. I've done some online research that says most Pilots of the same generation require this to be done at 105,000 miles.
I last did a coolant drain/fill & brake fluid drain/fill at 64,468 miles (on 7/7/2015). Should I have that done again?
Thanks in advance for all your help!
2001 Prelude Type SH, 2022 Highlander XLE AWD, 2022 Wrangler Sahara 4Xe, 2023 Toyota Tacoma SR 4WD
Buying an extended warranty does not seem to be rational. The basic bumper-to-bumper assurance-type manufacturer's warranty is 3 years/36k miles. Move up to a premium brand and it is 4 yrs/50k miles. Fair enough, the longer warranty suggests superior quality and reliability.
But is it really? A Hyundai/Kia brand automobile comes with a 5yr/60k mile assurance warranty and at a price $5,000-$15,000 cheaper than a mainstream or premium brand. On top of that, according to the JD Power surveys the Hyundai/Kia brand is consistently equal to or surpasses the premium and luxury brands in quality.
So, if a car buyer was really concerned about reliability and dependability why wouldn't s/he buy a Hyundai/Kia product with a longer assurance-type warranty, whose costs are included in the sales price, and have that peace of mind that an extended warranty buys.
Simply put, its behavioral economics at work. i.e. consumers are working against their own self-interests, they would rather buy a service-type warranty at extra costs rather than buy the product with a longer assurance-type warranty in the first place. A perversive concept but it works to the advantage of extended warranty sellers. I believe dealers call it a profit center. In reality it should be called the obscene profit center.
Who ever said I was rational! Quite the contrary - when it comes to cars and automobile accessories - irrationality runs in the genetic makeup of my family!
2021 Genesis G90
2017 Cadillac ATS Performance Premium 3.6
Direct relatives and close friends 2nd hand experiences are valuable too. I tend to avoid products that upset the order of my peace of mind, and stick with companies that stand behind the product to ease any issues that might alter that peace of mind.
Anyone want to compare @graphicguy Cadillac dealer experience (at least 2 different dealers) vs. mine with Audi (two different dealerships as well).
My perception is that when failures are common, rather than rare, a brand tends to show its true colors. Rare problems mean you can afford excellent customer service and still make a profit. Frequent problems mean you have to skimp and deny or minimize claims to stay in business until your next bailout.
So as to not pick on GM, the impression I've gotten from multiple sources about Hyundai/Kia's ultra long warranty, is that they try to find a reason to deny covering anything, whereas my experience at Honda and/or Audi is they'll try to find a reason TO cover your warranty. Sort of like Insurance vs. most good businesses.
I like long warranties, but it is hard to regret buying a car without a super long warranty with numbers like that. I think long warranties are more believable when a manufacturer is consistent and long-term with that decision to have a long warranty (has it been 20 years for Korean brands?). Gimmicks that Chrysler has engaged in over the years never last, and there is a reason for that.
Still month to go, but got the VIN already, went to the bank to get a preliminary loan approval for a great rate of less than 2 percent (just a fraction). I must have applied at a perfect time, as rated ticked up almost a full percentage point since couple of weeks ago. Still a small hurdle of working with the dealer to actually underwrite the loan, as the title will be issued in three months from now, or even more. I went to the bank just to get a leverage, but perhaps if the dealer's finance guy is good enough, it may just go through. He made just the right noises, when I talked to him last week. The worst case scenario, I may still have to accept their offer, if the bank doesn't bite, but hope not. They have a relationship with BoA, my previous ED loan was from them, too - however, back then I didn't even try to get preapproved at my bank (I thought no title - no loan, period) and went with whatever the dealer got me, paid their markup and refinanced a couple of months later, as the car hit the shores. Hope to skip this part this time and get them at least to leverage it. But it might just work - we will see. Have an appointment for the paper signing next week (has to be done well in advance of actual delivery) and it will all reveal itself then.
2018 430i Gran Coupe
Of course, standard warranties differ so that would also affect the calculation.
I remember a Tire Shop Chain in San Diego would price their "road hazard warranty" as 10% of the tire cost. Not a bad way to do it. Helped me judge and decide if another competitor's extra coverage was either priced high or low.
2018 430i Gran Coupe
2018 430i Gran Coupe
'11 GMC Sierra 1500; '08 Charger R/T Daytona; '67 Coronet R/T; '13 Fiat 500c; '20 S90 T6; '22 MB Sprinter 2500 4x4 diesel; '97 Suzuki R Wagon; '96 Opel Astra; '08 Maser QP; '11 Mini Cooper S
I think 50% is my threshold. At that point, why not just flip a coin and save the money? Of course, a lot of places like Costco and Tire Rack are now pricing the coverage into the standard all-in-1 pricing.
--24 months/24,000 miles. $1,819.25 or $99 down + 14 months at $129.71
--36 months/36,000 miles, $2,627.70 or $99 down + 21 months at $127.00
And here's how they lure you into buying by showing the rather expensive average repair costs (electronic component repair costs are not shown, I wonder if they are covered) for the following items :
-- $4,510 Engine crank-shaft bearings
-- $3,049 Transmission
-- $1,141 Rack and pinion steering
-- $747 Air conditioning system
-- $674 Alternator
-- $631 Fuel pump
-- $$456 Front control arm
-- $426 Water pump
-- $332 Starter
-- $312 Power window motor
-- $277 Brake caliper
*And buried in the fine print is the disclaimer that 'these plans are marketed by AMT Warranty Corp's subsidiary, Warrantech Direct, Inc. AMT Warranty Corp. and Wesco are GM-approved providers, but are not related entities of GM or its dealerships.