Extended Warranty?
 

I got a quote from my dealer for extended warranty: $1600 for 7 yrs 100k miles with zero deductible. Do you guys think it's a good deal?

Extended warranties in general are a ripoff. Do some research online regarding who the provider is, what it covers, and how likely/unlikely you are to actually see ANY benefit from it. $1,600 in present value equates to a lot of repair work 5+ years in the future. I personally refuse to purchase them on principle, but to each his own. These companies are in the market to make a profit, and generally make it extremely difficult to approve a claim, requiring substantiation of ALL service records and other misc items that will irk you to no end if you ever need their help.

I bought an extended warranty on my old Subaru. Saved my ass as I had an engine AND transmission replaced under said extended warranty. Both issues happened after 60k.

In general, this is true.
On the other hand, Subaru Gold plus warranty (which is really close to b2b warranty) might be worth it.
Few things however:
-shop around. 1700 is what an extended warranty with the same specs will cost on an STI. N/A should be cheaper.
-you can buy it an any point before basic warranty expires (36mo/36k)
-you can buy it from any dealer.

Check pricing at credit unions as well, I got one on my Town & Country for $600 that was better than the $1400 one the dealer was pushing. Never used it but for $600, good insurance. I won't buy one on a Japanese car though, they just don't need them! Unless it's $600 ;)

Third-party (that is non-manufacturer) extended warranty is usually junk no matter what the price is.

If I purchase it later(before 36mo/36k expires), will it be generally more expensive? I worry about getting this (Gold Plus) is because the cost of labor is generally more expensive in the Bay area.

Thanks for the input.

Unlikely. If BRZs are breaking down left and right between today and 3 years from now - they, of course, might increase the price. Other than that - the price is the same regardless of mileage if the car is eligible.

Toyota/Scion have extended Factory warranties.. THOSE are the ones to get. You can wait to get it though as you have until the last month or 1000 miles before the limit to purchase one. Also it can be purchased from any dealership os shop around.. Don't go for the third party warranties..From every article I have read.. they suck..

Here are some discounted prices on extended warranties (Toyota factory warranty it appears):

http://www.liascionofcolonie.com/fin...d-warranty.htm

Platinum Protection $50 Deductible / $0 Deductible
3 Year / 50,000 Miles $850 / $900
4 Year / 65,000 Miles $875 / $925
5 Year / 60,000 Miles $900 / $950
6 Year / 75,000 Miles $950 / $1,000
6 Year / 100,000 Miles $1,150 / $1,200
7 Year / 75,000 Miles $1,025 / $1,075
7 Year / 100,000 Miles $1,250 / $1,300

I got a quote from my dealer for extended warranty: $1600 for 7 yrs 100k miles with zero deductible. Do you guys think it's a good deal?http://amzn.to/NgDPj0
http://x.co/j8cu
http://secure.hostgator.com/~affilia...gi?id=paul87st

I got 7yr/100k miles with no deductible for $1000

that's a damn good deal. you got that from toyota? I might have to get one too at that price :eyebulge:

He said that they didn't have any warranty paper work on the frs and said he would give me a good deal for scion not giving them the proper information before releasing it

Those finance guys... Sheeze. He tried to sell me a warranty on my dead grandma!

Warranty on aftermarket wheel even and some $3500 theft policy.. I just about told him if he offers me another warranty of any kind I'm leaving. Considering the factory warranty covers everything for 36k miles and the power train is 60k miles I figure that's more than enough.

I hoping that by the time I have 60k miles on it I'll be ready to put the cage and fuel cell in it so definitely no on the extended.

Save the $1000 and use that on a good set of summer tires.

I got the factory Toyota extended warranted. $1600 for 9 yrs/100K. Considering it includes roadside for that time (I think AAA is like $90/yr) and he lowered my interest rate by .5% I felt it was worth it. That and this is a first year new car, who knows what problems it could possibly have.

I got the Toyota factory extended warranty for $1000. While I am typically adverse to most warranties (like the $20 ones on $10 headphones), I got it for a few reasons. I even told myself not to beforehand because I got one for my Si and never had to use it.

However, I thought about the first reason: this is a first year model. Major model changes tend to have issues and completely new cars would only have a higher chance I think. I plan on keeping this car for a long, long time. Of course, I don't know the future and said the same for my Si, I have a pretty good hunch about this. I don't baby the car everyday (anymore), so it is going to be pushed a bit more than say your grocery getting Camry.

The other side of the coin is, I do plan to mod it eventually. I know this could get in the way of warranty claims and I may end up refunding it and putting that $$ towards the principle. I guess it depends how quickly I get around to doing it.

I have Toyota Platinum Care $0 deductible on my '08 xB. It's good insurance to have. I've only had a couple minor issues, but it's all covered and they gave me no hassle since it was a Toyota branded warranty. It's funny the dealer would call when the car was in for service and say, "It looks like you need ____." My response was, "Well, it's under Toyota Platinum Care, so fix it under warranty." It's a good feeling on a vehicle I drove 35k+ a year!

If you don't plan on keeping the car forever, also consider the warranty adds resale value. Definitely shop dealers for best price on warranty. Buddy of mine got an extended on his wife Solara at some out of state dealer for hundreds less than any of the local guys.

I wouldn't bother with those 3rd party warranties in most cases as they are usually a hassle, but that's not to say there aren't exceptions to the rule.

I got mines for 1000, 7yr/100,000 mile warranty. is it junk? I dnt think so. this is the first production of the brz so I'm expecting some imperfections to come somewhere down the line. Iam modding the car with some bolt-ons and a tune. My dealership is pretty lenient with mods. so I think it's worth it for me.

I'm currently in the market for an extended service agreement. I've researched 3rd party warranties and I've heard some bad and good things about them--but, mostly bad. So I am going to get with a manufacturer backed warranty. I'll still try to use the quotes from the 3rd party warranties to see if I can get the prices down. :w00t:

I do like them on luxury cars since the parts and labor for those cars are crazy.

On my last 2003 Infiniti M45 the warranty from my credit union paid out about 9 thousand dollars for little crap that I would have just dealt with had I not had the warranty.

The headunit and brain went bad that was 2 grand, the cd changer went bad and cost $2,300. There was 1,100 for squeaky seat rails, 800 for a light relay, 500 for trunk shocks and some other crap I can't remember.

On a toyota repairs are fairly inexpensive as are the parts. And most things that could go wrong on this car could be replaced by aftermarket for much less.

Since I plan to mod the hell out of this car I will skip the extended. My dealer does give a lifetime powertrain warranty for free, sure I will void that.

I've heard good things about the AAA Extended Warranty via Autoguard. Haven't looked int it myself as I'm considering the one from the dealer, but I'll definitely use it to see if I can negotiate a better price from the dealer.

Which dealership did you get this from?

Extended warranty can be bought from any dealer, for anyone else that interested.

Gregoris Subaru in NY

quotes given to me so far
 

I know some dealerships "offer" a power train warranty if you do all the "required maintenance" at the time of service.

But every dealership is different from each other.

84 months, zero deductable, 100,000 miles = $814
Edit: forgot to add warrenty is a platinium plan and covers the same things the dealer's does.
GAP = $200

Check with your local credit union you wont be able to beat their deals on most cars.

7 year/100,000 mile warranty for only $814 and it's a Toyota Platinum plan?? That is REALLY good deal!

I got some more quotes, a different dealer is quoting me

$50 deductible/ Platinum Plan, 8 year/120,000 miles $2022 for a 2013 FR-S with 7,000 miles on it.

versus a different quote of $1954 for an 8 year/120,000 Platinum warranty for an FR-S with only 250 miles on it.

I think I will wait until I get up to 7,000 miles before purchasing an extended warranty from Toyota.

Difference is mark up. Dealers make a ton of money on warranties. Credit unions typical sell them as a benifit not for the profit.

I'm the Senior VP of Lending for my credit union. We make $50 on the warranty itself but only sell them when we do a loan. Our reasoning is for loan performance issues not profit for the product.

Same with GAP policies that dealers sell at 500 to 800. We sell the exact same product for $250. Again for loan perforamce issues not profit.

Search around there are a ton of 3rd party warranties out there. Do a little research and pick the one that fits your needs as well as your price.

In some sense it really depends on your financial situation. In the long run, if you buy an extended warranty with every car you buy -- let's say you buy a car every 7 years, you will lose money. You will pay out more for the warranties than you'll ever receive in benefits granting, of course, that you just don't have a string of real bad luck.

On the other hand, if you live paycheck to paycheck and a $1000 repair bill is gonna kill you when the car is 6 years old, then you might need some sort of protection. If you can take the repair bill hit, then you are better off not buying one.

Well put Zaggeron. I tend to think of things from a financer's point of view and how to protect the loan from going bad.

He is absolutely correct, your needs and situation will dictate if a warranty is right for you. I've disclosed what I can buy one at (about 1/3 what the dealers seem to be charging) and I am not getting one. I just dont have the need and the risk factor for me is fairly low.

Just a tip to remember, you dont have to buy the warranty when you buy the car, it already has one. Most if not all manufacturers will send out notices when yours is about to run out, assuming normal milage useage, and give you an opportunity to buy one then. It may cost a little more at that time but you will be in a better position to determine if you need it or not assuming you still even have the car then. On average we trade out of cars at 3.5 years in the US, Im the oddball that keeps them till the wheels fall off.

Gonna bring this post back to life - anyone have experience with the Subaru extended? i feel like kind of got ripped off (i still have time to cancel for a full refund) 2k for service up to 24k miles and warranty to 5 years 60k miles (I'll go through it by 3 years, I drive a lot).
Also, can I get a toyota warranty on my subie? lol

Thanks!

I have service to 36K mi. through the dealership (plus one windshield chip and one PDR per year to 5 years) for $500. I got the Gold Plus 6yr/80K mi $100 deductible warranty for free through Subaru because of issues with my first BRZ, but that plan is valued just a little over $1000. So I would say yes, you probably overpaid. With the maintenance plan, I calculated how much I would spend on oil changes in that time period then assumed I'd need at least one windshield repair and one PDR.

Here's a dealership that lists the warranty pricing: http://www.premiersubaru.com/subaru-added-security.htm .