extended warranty
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From: Raleigh, NC
2016 AMG GT-S Edition 1, Superformance Cobra 427, 1970 Mustang Mach1, 1970 Hemi Cuda, !996 Viper GTS
extended warranty
I have a 2016 Edition 1 GTS with about 5500 miles
I am looking for recommendations for companies offering a comprehensive extended warranty as my factory one ends in a few months
for reference on my R8 I bought a Fidelity Platinum 5 year/50,000 mile warranty through an Audi dealer- the cost was $1900 with a $250 deductible which I thought was a bargain
thanks for your input
I am looking for recommendations for companies offering a comprehensive extended warranty as my factory one ends in a few months
for reference on my R8 I bought a Fidelity Platinum 5 year/50,000 mile warranty through an Audi dealer- the cost was $1900 with a $250 deductible which I thought was a bargain
thanks for your input
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18 AMG GTC and 22 F150 Limited. Past owner 16 Maybach, 17 Brabus Smartcar, 06 Ford E150, and 22 G70
Waste of money!!!!!!!!!! doubt me then do research. ALL consumer advocate groups say its a waste of money...........................
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I have a 2016 Edition 1 GTS with about 5500 miles
I am looking for recommendations for companies offering a comprehensive extended warranty as my factory one ends in a few months
for reference on my R8 I bought a Fidelity Platinum 5 year/50,000 mile warranty through an Audi dealer- the cost was $1900 with a $250 deductible which I thought was a bargain
thanks for your input
I am looking for recommendations for companies offering a comprehensive extended warranty as my factory one ends in a few months
for reference on my R8 I bought a Fidelity Platinum 5 year/50,000 mile warranty through an Audi dealer- the cost was $1900 with a $250 deductible which I thought was a bargain
thanks for your input
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Joined: Jul 2018
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From: Raleigh, NC
2016 AMG GT-S Edition 1, Superformance Cobra 427, 1970 Mustang Mach1, 1970 Hemi Cuda, !996 Viper GTS
I agree that most warranties are not cost justified , however, on cars like ours they certainly can be- in addition to peace of mind and improved resale the added coverage can be a "no brainer" on my R8 for example...less then $2000 for 5yr/50,000 miles easily makes up for the risk of known issues like leaking struts and A/C issues
I will check with my dealer and Fidelity; thanks
I will check with my dealer and Fidelity; thanks
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From: Florida
18 AMG GTC and 22 F150 Limited. Past owner 16 Maybach, 17 Brabus Smartcar, 06 Ford E150, and 22 G70
2016 it is ONLY a no brainer if someone ignores math, facts, statistics, and every consumer advocacy group and buys one of these rip offs. It should be apparent that these are sold at the same time the dealer try’s to sell other rip offs like scotchguard and micro dots.
2016 my statement covers all cars. It is mathematically improbable that the person that pays for this extended ripoff will ever utilize whatever they paid for it. Did you think they sell these rip offs out of the kindness of their hearts? Hell no they want to make money!
Additionally I would think anyone that can afford to own one of these cars can afford to OWN one of these cars. That means they have the money to cover any unlikely repairs! If they don’t then shame on them for buying the car in the first place.
Other excuses I have seen from people touting warranties is cars are so complicated, or they aren’t built like they used to be. Again this ignores the facts of newer cars and reliability and begs the question wtf would someone buy a car that they don’t have confidence in?
SAVE yourmoney and revel in knowing that you have a 50000 miles factory warranty and after that the car is very likely to last to at least when the pos extended warranty would run out.
2016 my statement covers all cars. It is mathematically improbable that the person that pays for this extended ripoff will ever utilize whatever they paid for it. Did you think they sell these rip offs out of the kindness of their hearts? Hell no they want to make money!
Additionally I would think anyone that can afford to own one of these cars can afford to OWN one of these cars. That means they have the money to cover any unlikely repairs! If they don’t then shame on them for buying the car in the first place.
Other excuses I have seen from people touting warranties is cars are so complicated, or they aren’t built like they used to be. Again this ignores the facts of newer cars and reliability and begs the question wtf would someone buy a car that they don’t have confidence in?
SAVE yourmoney and revel in knowing that you have a 50000 miles factory warranty and after that the car is very likely to last to at least when the pos extended warranty would run out.
Last edited by Katie22; May 29, 2019 at 01:06 PM.
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Thread Starter
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From: Raleigh, NC
2016 AMG GT-S Edition 1, Superformance Cobra 427, 1970 Mustang Mach1, 1970 Hemi Cuda, !996 Viper GTS
Katie: I appreciate your input as I did request and solicit opinions
your blanket statement is, however, false in many ways that I have neither the time or inclination to respond too
briefly....just because you can afford something (such as a costly repair) that does not mean a warranty purchase is necessarily foolish or a waste of money
for instance; in my R8 example the $1900 covered some very expensive potential if not probable mechanical flaws for what would represent .10 cents on the dollar (warranty cost: transmission)
clearly all warranties and insurances have actuarial studies that confirm that the purchase of such items is profitable for the provider, however, as I said peace of mind has value and with my fidelity warranty the total cost was more then recouped on re-sale alone not to mention that if I chose not to transfer the warranty to the new buyer I was entitled to a pro-rata refund
warranties on A GTS I suspect as not as cost effective, however, with the constructive input I received I can draw a conclusion on the risk:reward analysis
your blanket statement is, however, false in many ways that I have neither the time or inclination to respond too
briefly....just because you can afford something (such as a costly repair) that does not mean a warranty purchase is necessarily foolish or a waste of money
for instance; in my R8 example the $1900 covered some very expensive potential if not probable mechanical flaws for what would represent .10 cents on the dollar (warranty cost: transmission)
clearly all warranties and insurances have actuarial studies that confirm that the purchase of such items is profitable for the provider, however, as I said peace of mind has value and with my fidelity warranty the total cost was more then recouped on re-sale alone not to mention that if I chose not to transfer the warranty to the new buyer I was entitled to a pro-rata refund
warranties on A GTS I suspect as not as cost effective, however, with the constructive input I received I can draw a conclusion on the risk:reward analysis
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Thread Starter
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Joined: Jul 2018
Posts: 81
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From: Raleigh, NC
2016 AMG GT-S Edition 1, Superformance Cobra 427, 1970 Mustang Mach1, 1970 Hemi Cuda, !996 Viper GTS
thanks- that was helpful; I should have seen that in my search
consistent with current closed minded opinions
thanks again
consistent with current closed minded opinions
thanks again
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From: New Hampshire
‘19 gTC Roadster, '16 GTS (sold),'18 AMG GLE 63S, '06 SL55 AMG (sold)
extended warranty
Found this on a search. Numbers are 2014, interesting nonetheless as it reveals dealer profit.
Last edited by WildPete; May 31, 2019 at 08:44 AM.
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18 AMG GTC and 22 F150 Limited. Past owner 16 Maybach, 17 Brabus Smartcar, 06 Ford E150, and 22 G70
Interesting. Like i said warranties are good money makers for the people that sell the junk.............
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Make sure to shop around for best price, and let us know what you end up with.
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Katie does have a point....I have friends at dealerships who are high up managers that admit that the extended warranty and the wheel and tire warranty and the interior scotch guard warranty are all BS money makers during the last minute of a sale. If you notice, there are deductibles involved
For example, if you damaged your tire, with the tire and rim warranty, you have a deductible, and they FIRST will repair it and not outright replace it at THEIR leisure and most of the time they have to order the tire etc etc etc so in the end, if you saved the warranty money and just got yourself a tire in 1 day going where you chose to go, you would be out about $200 and one and done instead of paying into them and having them dictate how, when, and where.
Same goes with any vehicle issues.
They are good for resale conversation points and it may pay out well in a catastrophic situation.
For example, if you damaged your tire, with the tire and rim warranty, you have a deductible, and they FIRST will repair it and not outright replace it at THEIR leisure and most of the time they have to order the tire etc etc etc so in the end, if you saved the warranty money and just got yourself a tire in 1 day going where you chose to go, you would be out about $200 and one and done instead of paying into them and having them dictate how, when, and where.
Same goes with any vehicle issues.
They are good for resale conversation points and it may pay out well in a catastrophic situation.
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‘24 BMW iX M60
Katie does have a point....I have friends at dealerships who are high up managers that admit that the extended warranty and the wheel and tire warranty and the interior scotch guard warranty are all BS money makers during the last minute of a sale. If you notice, there are deductibles involved
For example, if you damaged your tire, with the tire and rim warranty, you have a deductible, and they FIRST will repair it and not outright replace it at THEIR leisure and most of the time they have to order the tire etc etc etc so in the end, if you saved the warranty money and just got yourself a tire in 1 day going where you chose to go, you would be out about $200 and one and done instead of paying into them and having them dictate how, when, and where.
Same goes with any vehicle issues.
They are good for resale conversation points and it may pay out well in a catastrophic situation.
For example, if you damaged your tire, with the tire and rim warranty, you have a deductible, and they FIRST will repair it and not outright replace it at THEIR leisure and most of the time they have to order the tire etc etc etc so in the end, if you saved the warranty money and just got yourself a tire in 1 day going where you chose to go, you would be out about $200 and one and done instead of paying into them and having them dictate how, when, and where.
Same goes with any vehicle issues.
They are good for resale conversation points and it may pay out well in a catastrophic situation.
That being said, when buying used where perhaps you only have say 12-18 months of warranty left, and you don't know the condition/usage of the car, I would never buy an expensive to repair vehicle without a PPI (from a dealer who can pull up the ECU logs), and (preferentially) an OEM extended warranty. Who really believes that an additional $4K spent buying a CPO vehicle isn't a fantastic bargain when a major drivetrain issue on a GTS/GTC/GTR could well cost into the $10,000's? TBH, that much money spent on piece of mind is close to what I'd spend on a track weekend what with insurance; the cost of consumables, etc.
Bish
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Everything you state is true, and when buying new, which I always tend to do even though it's financially stupid, I would never buy an extended warranty because I almost never keep a vehicle long enough that it runs out of the OEM one.
That being said, when buying used where perhaps you only have say 12-18 months of warranty left, and you don't know the condition/usage of the car, I would never buy an expensive to repair vehicle without a PPI (from a dealer who can pull up the ECU logs), and (preferentially) an OEM extended warranty. Who really believes that an additional $4K spent buying a CPO vehicle isn't a fantastic bargain when a major drivetrain issue on a GTS/GTC/GTR could well cost into the $10,000's? TBH, that much money spent on piece of mind is close to what I'd spend on a track weekend what with insurance; the cost of consumables, etc.
Bish
That being said, when buying used where perhaps you only have say 12-18 months of warranty left, and you don't know the condition/usage of the car, I would never buy an expensive to repair vehicle without a PPI (from a dealer who can pull up the ECU logs), and (preferentially) an OEM extended warranty. Who really believes that an additional $4K spent buying a CPO vehicle isn't a fantastic bargain when a major drivetrain issue on a GTS/GTC/GTR could well cost into the $10,000's? TBH, that much money spent on piece of mind is close to what I'd spend on a track weekend what with insurance; the cost of consumables, etc.
Bish
All of this. I wouldn't buy the extended warranty when purchasing new, but buying an aftermarket warrant such as the Fidelity warranty, on a used vehicle, seems perfectly reasonable. When you consider the price that most people pay for the extended warranties (in the ballpark of $3-4k for another 3 years), it seems like a no brainer on a vehicle that could easily rack up $10k+ on any number of system failures, especially if you intend to drive the jeebus out of it. Vehicles depreciate, parts and labor don't.
Katie does have a point....I have friends at dealerships who are high up managers that admit that the extended warranty and the wheel and tire warranty and the interior scotch guard warranty are all BS money makers during the last minute of a sale. If you notice, there are deductibles involved
While there is surely merit to her point of view, constantly insinuating that those who buy them are idiots gets old.
Last edited by Orcbolg; May 31, 2019 at 04:58 PM.
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From: Houston
2016 C63S AMG
Katie does have a point....I have friends at dealerships who are high up managers that admit that the extended warranty and the wheel and tire warranty and the interior scotch guard warranty are all BS money makers during the last minute of a sale. If you notice, there are deductibles involved
For example, if you damaged your tire, with the tire and rim warranty, you have a deductible, and they FIRST will repair it and not outright replace it at THEIR leisure and most of the time they have to order the tire etc etc etc so in the end, if you saved the warranty money and just got yourself a tire in 1 day going where you chose to go, you would be out about $200 and one and done instead of paying into them and having them dictate how, when, and where.
Same goes with any vehicle issues.
They are good for resale conversation points and it may pay out well in a catastrophic situation.
For example, if you damaged your tire, with the tire and rim warranty, you have a deductible, and they FIRST will repair it and not outright replace it at THEIR leisure and most of the time they have to order the tire etc etc etc so in the end, if you saved the warranty money and just got yourself a tire in 1 day going where you chose to go, you would be out about $200 and one and done instead of paying into them and having them dictate how, when, and where.
Same goes with any vehicle issues.
They are good for resale conversation points and it may pay out well in a catastrophic situation.
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From: middle o' ma
15 AMG S63 4-matic coupe
I think it all depends on your planned usage of the vehicle.
a daily diver with 30K per year. strongly consider.
a toy like the GT-S, with maybe 5k per year, I'm struggling to justify it.
a daily diver with 30K per year. strongly consider.
a toy like the GT-S, with maybe 5k per year, I'm struggling to justify it.
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From: Raleigh, NC
2016 AMG GT-S Edition 1, Superformance Cobra 427, 1970 Mustang Mach1, 1970 Hemi Cuda, !996 Viper GTS
in preparation for factory warranty expiration I did further research
best deal I have come across is Fidelity Platinum that has comprehensive coverage with a $100 deductible
5 years and 60,000 miles for $2500
although I am not often a believer in warranties and rarely keep cars more then a year or two this is a solid deal
$500 per year x 5 years; cancellable at anytime with pro-rate refund and transferrable to a new owner
best deal I have come across is Fidelity Platinum that has comprehensive coverage with a $100 deductible
5 years and 60,000 miles for $2500
although I am not often a believer in warranties and rarely keep cars more then a year or two this is a solid deal
$500 per year x 5 years; cancellable at anytime with pro-rate refund and transferrable to a new owner
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R Nine T
in preparation for factory warranty expiration I did further research
best deal I have come across is Fidelity Platinum that has comprehensive coverage with a $100 deductible
5 years and 60,000 miles for $2500
although I am not often a believer in warranties and rarely keep cars more then a year or two this is a solid deal
$500 per year x 5 years; cancellable at anytime with pro-rate refund and transferrable to a new owner
best deal I have come across is Fidelity Platinum that has comprehensive coverage with a $100 deductible
5 years and 60,000 miles for $2500
although I am not often a believer in warranties and rarely keep cars more then a year or two this is a solid deal
$500 per year x 5 years; cancellable at anytime with pro-rate refund and transferrable to a new owner
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From: New Hampshire
‘19 gTC Roadster, '16 GTS (sold),'18 AMG GLE 63S, '06 SL55 AMG (sold)
in preparation for factory warranty expiration I did further research
best deal I have come across is Fidelity Platinum that has comprehensive coverage with a $100 deductible
5 years and 60,000 miles for $2500
although I am not often a believer in warranties and rarely keep cars more then a year or two this is a solid deal
$500 per year x 5 years; cancellable at anytime with pro-rate refund and transferrable to a new owner
best deal I have come across is Fidelity Platinum that has comprehensive coverage with a $100 deductible
5 years and 60,000 miles for $2500
although I am not often a believer in warranties and rarely keep cars more then a year or two this is a solid deal
$500 per year x 5 years; cancellable at anytime with pro-rate refund and transferrable to a new owner
I passed on the dealer 2 yr extension for more than double that price. I didn't care for the hard sell from the snot-nosed paperwork kid either.
What you found however, is an altogether different animal. I'll never hit the mileage limit in that time frame but having coverage at that price point sounds great even if it only nets me an additional 4 years. Thanks for posting.
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From: Raleigh, NC
2016 AMG GT-S Edition 1, Superformance Cobra 427, 1970 Mustang Mach1, 1970 Hemi Cuda, !996 Viper GTS
as explained to me it starts from when you sign/pay for the warranty agreement
in my case my warranty expires in a month so I said I would proceed at that time
that is the way to go in order to make the most of the coverage, a month is insignificant but in my case I could get an itch to trade out at any time
with only 5500 miles on mine and obviously limited usage the risk:reward is a tougher justification but at that price it simply makes sense
in my case my warranty expires in a month so I said I would proceed at that time
that is the way to go in order to make the most of the coverage, a month is insignificant but in my case I could get an itch to trade out at any time
with only 5500 miles on mine and obviously limited usage the risk:reward is a tougher justification but at that price it simply makes sense
