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If the car broke you in your face, pour gasoline in it and let it burn. Call insurance and complain about DI
seal failure. |
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Take a shit kicking in value but it is worth every penny just to see the sales guy's face when they ask for mileage on the 4 year old car. |
Anything major should have broken already which leaves nuisance things which won't add up to the cost of the coverage.
Remember, they don't sell extended warranties because they plan to pay out - they sell them because the numbers show it's easy money. Sure, there's always that friend of a cousin's neighbor whose engine exploded for no reason one month after the factory warranty ran out, but that's the exception to the rule. As others have said - if you have the 2100 bucks to buy the warranty, put it in an online savings account instead. If you need it you can still get at it fairly easily, and if you don't need it (you probably won't) you'll have upwards of 600 extra dollars waiting for you after the three years. Better still, if you don't already have a savings account going, this is your chance to start. Open it with 2100 and then throw in an extra 10 bucks a week or something - it all adds up. If you were going to finance your extended warranty (even worse idea), make the payments to yourself instead. |
This won't help the OP due to his pressing deadline, but possibly for other FRS owners that want extended coverage, they might benefit by considering GEICO and USAA extended coverages.
I switched from Allstate to GEICO last November when I got my FRS. GEICO matched or increased every coverage item, added roadside assistance and 7-year/100k mile breakdown coverage for a ton less money than I was previously going to pay Allstate (without those additions). A total no-brainer. The coverage is extensive, gets great reviews and has a $250 deductible. Buying extended coverage from the dealer is a personal choice. Some feel great about it - I always avoid it. But, years back when I bought a new Acura MDX, I came close to buying coverage when I learned that I can buy it from any Acura dealer in the US, and some dealers in other states where willing to significantly discount the price (it's National coverage no matter where you buy it). This may be another option for those that want the coverage. |
Personally not worth it in my opinion.
I have a 2014 accord on lease, and got an extended warranty and the car is already at 55,000Km (drive a lot for business) and nothing has gone wrong. I think a 3 yr would of be plenty enough. The FRS, i don't even know what warranty I have haha..i think 60,000Km like you. There is the saying, things go wrong in the first few months if the car is a lemon. Considering you've had it for so long with no problems, i think it would be fine. Plus, repairs are not that expensive and i don't really see what could go wrong that would cost that much in repairs. Plus you drive it like a camry so your not abusing it. |
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One of the most lavish mansions in my neck of the woods was built by a person who runs an after-market warranty company. That tells me that the guy taking your insurance money does not believe that you need insurance.
The nature of Insurance is that you should only insure things that you can not afford to lose. If a transmission or engine falls in that category, then go ahead. The rest you gamble with, taking on faith that the odds are on your side to the same extent as they are for the guy who is willing to insure you. |
^warranty and insurance are in the business of "in case shit happens". 90% of the time, nothing happens and they just pocket the money. I know this all too well as a close uncle of mine is in the insurance business and is very successful. That's pretty much how he explained it to me ahaha.
But I guess where I'm worried is that this car is new, new, so you don't really know what to expect. That's what has me nervous. Newly developed engine, trans, di system, etc. I think many have said it right already that is nothing has happened yet, you can bet on nothing happening at all. Like I said, the car has been very solid thus far so let's hope it continues that way. Well, off to let my warranty lapse. Lets hope the next few years will be trouble free (if not the entire life of the vehicle). Thanks to all who replied. |
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I've got another car that's been out of warranty for three years now and is covered in mods and I'm not worried about it. |
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Unless extended warranty was from Toyota or dealer, then i'd ignore it!
if it's: "automotive professional resources" ^^^ Let that be the first red flag. My mom without much knowledge purchased it, her car started having problems due to transmission not shifting too good, they said they wouldnt cover her until 6 months from now although they had stated they would cover asap, so 3 days later I called them and after 3hrs, got her, her money back. Later, I asked friends regarding this extended warranty and 2 out of 11 or so car enthusiasts, gave me their experiences with this company. The first said he lost $2500 in warranty money and they never helped him because he slightly modded his Integra. The second, they mailed him a "pos engine lubricant," that ended up somehow clogging his injectors or clogged something else...I don't recall. He had done a rebuilt on his engine not even 2 months before. He was also sent a gas tank one? This one he didn't add in. It was unlabeled and just stated it was to be put into gas tank. If I get to cleaning my garage I can snap a pic of it. He let me have it and I just threw it in a corner somewhere. This guy, he was lucky to get 1/2 of his money back. BBB used to be full of issues about them. be careful where you put your money. (Save it for the strippers!) |
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Also side note.. 5 year 90K best extra warranty I could get with a $250 deductible was only $760 lol They are so much cheaper through the bank vs the dealer :D |
The extended warranty option was from the dealer I purchased the car from. Not any fly-by-night company. The names of the people I personally dealt with were all there so this wasn't some scam. Either way, I am choosing to not extend. I'm 10kms away from lapsing so this is it. Bye bye waranty.
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If in EU the warranty is 5 years or 150000 Km means that the car was made to reach this tolerance. Dont buy it
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Didn't read the thread, but the answer is no.
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As for extended warranties from the bank they are often cheaper but are also not typically the same. They tend to have for more exclusions and limitations so just be sure to read and re-read the fine print. |
I voted "No" - I got roped into purchasing the extended warranty, and thankfully I was able to cancel it (sans a $25 "processing fee"), and I'm glad that I did.
My FR-S was my first new car, and all of that pejorative language they use when trying to work out the financing got me to agree to it at first. Then I realized that I would be looking at an additional $2.8k, or such in the long-run, which wasn't worth it. I would consider it akin to fronting an emergency bill with the doctor - like others have said, that money is best kept with you. When I decided to cancel my extended warranty, I had talked to several people that did purchase it with their car, and every single one of them said that it was not worth it, and they wished they hadn't been roped into adding it. Extended warranties were a decent option if you had something like a Taurus (there's a reason you hardly see any of them on the road, even though you see plenty of cars around from a decade prior), but otherwise I would look at it as you would look at your own health - so long as you take good care of your vehicle, perform the necessary maintenance(s), there really isn't anything you have to worry about. Sure, there is always that "chance" that you might suddenly have a heart attack despite healthy lifestyle choices, but I think that most people would agree it isn't practical to alter your life due to, and capitulate to that fear; if there is going to be an issue with the vehicle, it is going to be because of an accident, in which case the warranty isn't going to help you out there as that's going to be in insurance's territory. However, this is just my opinion, so take it with a grain of salt if you do feel that the extended warranty is something that you want - either way, you shouldn't feel badly about whichever decision you make, so long as it is an informed one based on rationale, and with consideration to your personal situation - and not fear, or unsupported anecdotes (they probably fed you some story at the dealership about someone's car crapping out, and they would have been screwed if they didn't have the extended warranty - but thankfully they did, and they walked away with a brand new car). I would think that especially in your situation, if you'll only have the car for a few more years, that this is something that you wouldn't need. Also, if you're leasing it, I'm fairly sure they will try to offer it to you again if you do decide to keep the car after the lease is up - GL with the decision. |
I blew the tranny in my g37, if it wasn't for my extended warranty I would have had to shell out $4000.... sometimes its worth it
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And once again, while not a good thing, would the $4000 expense have been catastrophic to your finances? I am a firm believer in "Self Insuring" in other words, I am willing to take the same gamble as the insurance company. By doing so, I enjoy the same level of financial return as my insurance company. |
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$2000 and well spent in relative to how many times that it happened- 4. Break that down and I paid $500 each time to have a brand new transmission replaced by an authorized infinity dealer. Would I not had warranty? $4000x4=$16000... wouldn't even be worth fixing.. so again, don't knock something simply because YOU would never need it. One point however.... Would I buy an extended warranty on a new car? no. Only used. College person, shell out $4000 for a tranny or $30 more/month on your payment? .... |
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I would suggest that you may have been driving a car that was beyond your means as a college student. So, yeah, insurance would have been mandatory to cover this event. As your loan officer, I would have demanded it. That said, I had never heard of a Japanese car that lunched 4 gearboxes. Generally have to go American made to get that kind of consistency! |
it depends u wanna touch the eignine or not.
Can't give u an answer without knowing that |
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Don't let the mustang guys hear you saying that. :bonk: I do understand the concept of "if you can't cover it cash you can't afford it" and I try to live by that rule. However you have to know where you have to use the system. I was buying a USED manual transmission. Just because a Lamborghini is within you're means your willing to pay way more than you should ? Being in my means or not means nothing really, it's the goal that matters. The car was under my means. I could have afforded a brand new one, but I found a 6speed CPO exactly how I wanted it and at a great deal. |
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And that's all an extended warranty is...a lottery ticket. |
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Some call it a gamble, for me it's peace of mind. |
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Put the money on a supercharger and don't worry about any warranty anymore while enjoying your car.
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It depends on:
(1) The reliability of the vehicle; (2) The application of the vehicle; and (3) The cost and coverage of the extended warranty policy. The Toybaru is not as reliable as a Toyota Camry or Subaru Imprezza. On the contrary, the Toybaru has probably the worst in reliability of all current Toyota and Subaru models. Do you only drive the Toybaru 9,000 miles a year and 99% on highway, or going to weekend races 52 times a year? How much is the extended warranty and what coverage? Do you drive a manual or automatic transmission? (The manual transmission tends to have more problems.) Answer to the three questions above may yield different conclusions. Therefore, the right answer may be different for different people. If you drive the Toybaru really hard, you may want to see if there is a cheap and good extended warranty available. |
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They added 2 years so that makes it a 5 year and a total of 12500 for 800. |
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https://www.consumerreports.org/car-...reliable-cars/ |
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Hasn't the BRZ/GT86 nominated one of the most reliable car in the world like last year or even few months ago?
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From 2015 onward they have placed in the top 10 best reliability lists with the 2017 list placing them at number two. This is partially due to the fact that there was a much greater sample size for data but also because they eliminated those early issues. Unfortunately the internet never forgets so if you just pull up those early ratings and stop there it appears totally different than current. 2017 "The Subaru BRZ / Toyota 86 twins are rated the #2 10 Most Reliable Cars on the road today by Consumer Reports (CR). In their annual Auto Survey based on data collected from 640,000 vehicles, CR says the new BRZ/86 sports coupe is ranked number two on their list least likely to give owners problems. The Kia Niro was the only car ranked more reliable for consumers." https://www.torquenews.com/1084/10-m...ta-86-ranked-2 In fact contrary to the statements made they are rated the top for both companies! |
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