Should I buy extended warranty? please help chime in.

[campy]

Well I think I know the community's opinion on this matter.

[jay1989]

Like others have stated save your money

[Teseo]

You can have warranty and whatever they said, the problem will be
when you need it they will complain about you did the damage/screwed up and will not
covere up. You will have a car loan, paying the warranty and repairing the car by youreself
Worst case scenario indeed. Sorry im pesimist

[billwot]

Originally Posted by hmong337

They gave me an option of an extended 3 years/200,000kms for $2100+taxes. That would cover most of my finance term and also cover the mileage I rack up within the term.

Please chime in. What should I do?

I always own 3 vehicles, a family sedan (currently '14 Camry), a small pick-up (currently '11 Taco), and a toy, (currently '13 FRS). We drive a total of about 35-40K/year, keep vehicles 5-7 years or 110-120K miles. And all of our vehicles are always kept in good repair.

I haven't spent a combined total of $2100 for repairs over the last 10 or more years!

[hmong337]

Originally Posted by billwot

I always own 3 vehicles, a family sedan (currently '14 Camry), a small pick-up (currently '11 Taco), and a toy, (currently '13 FRS). We drive a total of about 35-40K/year, keep vehicles 5-7 years or 110-120K miles. And all of our vehicles are always kept in good repair.

I haven't spent a combined total of $2100 for repairs over the last 10 or more years!

Thanks for the insight!

Off topic but, weren't you a head honcho in the mr2 community some years ago? I remember the screen name ahah. Seems like a ton of FRS/brz owners here were once mr2 owners too.

[extrashaky]

I bought the extended warranty for $1500. I probably could have gotten it for less, but I have no regrets buying it.

My last vehicle came with a 100K mile warranty, back when the auto manufacturers were using warranties to compete. I had to have several repairs under that warranty that easily would have exceeded what I paid for this one. The head work alone done on that truck would have cost more than $1500.

So to me, it's worth it. I need reliable transportation for my job, and let's face it, these cars are still too new to be able to make any assumptions about their long term reliability. All it will take is ONE medium-sized repair job for the warranty on the BRZ to have paid for itself. A bad synchronizer. A leaking heater core. A blown head gasket.

Sure, in most of these cases I have the skill and tools to do the work myself for significantly less money than what the dealership shop would charge, but I simply do not have the personal time to spend on it nor the luxury of the associated out-of-service time for the vehicle. Sure, I could take that $1500 and put it in the bank instead, but I'll hit 100K miles within three years. It's not going to earn enough to make up the difference on a medium-sized repair job.

So I think it's a relatively inexpensive hedge against the potential economic consequences of repairs that I consider fairly likely to be needed. If I get to the end of the 100K miles and haven't needed the warranty, that's okay too, because that $1500 bought me peace of mind.

[Ammonia]

I work in the car business. I've bought four cars from my dealership in the past two years. I have never gotten an extended warranty.

Total combined warranty-able work done on these various vehicles so far?

$0

[jeepmor]

Not worth it, just an upcharge. I did this on my 09 Tacoma I bought back then and I'll never waste money for that shit again. I told the salesman I wanted it out to 100k, he smiled, said that's what I was getting and it only lasted to 75k. And the routine maintenance dropped at like 40k. If you get one, take the time and read all the fine print or don't even consider it. You'd be better served buying a warranty from a 3rd party vendor with a good track record.

[hmong337]

Originally Posted by extrashaky

I bought the extended warranty for $1500. I probably could have gotten it for less, but I have no regrets buying it.

My last vehicle came with a 100K mile warranty, back when the auto manufacturers were using warranties to compete. I had to have several repairs under that warranty that easily would have exceeded what I paid for this one. The head work alone done on that truck would have cost more than $1500.

So to me, it's worth it. I need reliable transportation for my job, and let's face it, these cars are still too new to be able to make any assumptions about their long term reliability. All it will take is ONE medium-sized repair job for the warranty on the BRZ to have paid for itself. A bad synchronizer. A leaking heater core. A blown head gasket.

Sure, in most of these cases I have the skill and tools to do the work myself for significantly less money than what the dealership shop would charge, but I simply do not have the personal time to spend on it nor the luxury of the associated out-of-service time for the vehicle. Sure, I could take that $1500 and put it in the bank instead, but I'll hit 100K miles within three years. It's not going to earn enough to make up the difference on a medium-sized repair job.

So I think it's a relatively inexpensive hedge against the potential economic consequences of repairs that I consider fairly likely to be needed. If I get to the end of the 100K miles and haven't needed the warranty, that's okay too, because that $1500 bought me peace of mind.

Originally Posted by Ammonia

I work in the car business. I've bought four cars from my dealership in the past two years. I have never gotten an extended warranty.

Total combined warranty-able work done on these various vehicles so far?

$0

Great answers and experiences from both you guys. Makes me even more u decided.

[hmong337]

Judging from what the community has to say, eff it! Just let the warranty lapse.

I mean, I'm anal about up-to-date maintenance and don't drive my cars hard. So, it's probably safe to say that I'll likely be okay in the long term without the extended warranty.

Best to just keep that $2100 or whatever aside and IF anything happens, pour it into repairs.

I think I got my answer. Big thanks to all who replied with insightful experience.

[PhantomX]

Just FYI, there's extended warranty and extended maintenance coverage.

The extended warranty covers unmodified non-wearable parts. When I say "wearable parts," I mean spark plugs, oil filter, brake pads, etc. Depending on your driving habit, it's either good for you or bad for you. It's a peace of mind that if something does happen, you don't have to pay out of pocket. Will it be better if you have it in a savings account accruing interest? As long as you don't touch it, yes. At this point, it's up to you to gauge yourself and how you handle your money.

Now, for extended maintenance coverage, I'd say it's worth it. 60k and 120k miles are huge inspection/maintenance costs that can lead into the thousands. Add the regular maintenance and oil changes in between that and the coverage will pay for itself.

[JayBoii]

Ive heard somwhere on this forum that you could have a full refund of your money back on the extended warranty is this true? Thinking of refunding if i could.

[extrashaky]

Originally Posted by PhantomX

Just FYI, there's extended warranty and extended maintenance coverage.

The extended warranty covers unmodified non-wearable parts, such as spark plugs, oil filter, brake pads, etc.

No. The extended warranty does not cover spark plugs, oil filter and brake pads. Those are all considered wear items to be replaced with regular maintenance.

[billwot]

Originally Posted by hmong337

Thanks for the insight!

Off topic but, weren't you a head honcho in the mr2 community some years ago? I remember the screen name ahah. Seems like a ton of FRS/brz owners here were once mr2 owners too.

Yeah, I'm the MkII guru. Actually, I'm still a "super moderator" on MR2OC, although I really don't visit the site very often. There is a MR2OC FB page that I post on occasionally.

As a previous MR2 owner, I sure you've learned that "the FRS ain't no MR2!"