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I picked up a 16 CPO recently, factory expires in Oct 2019, CPO took it to 2020, I added 2 years to get it to 2022. I believe it was 3950 USD. May or may not need it but at that price and for that length of time/unlimited miles it was worth it to me. Sure the extended isn’t as good as factory, but it paid for itself with silly stuff on my wife’s car.
18 AMG GTC and 22 F150 Limited. Past owner 16 Maybach, 17 Brabus Smartcar, 06 Ford E150, and 22 G70
Warranties are sold by organizations that do the math and realize that they will make money off them. Statistics and facts are on their favor and then they peddle their crap to people the same way con men peddle religion to people using fear and rational garbage.
FACT Is nearly any new car will outlast any warranty with little chance of any major failure. IF by chance your still someone that fears the small chance of a major failure and afraid of the cost then that brings up the question of why are you buying this item? Did you not take into account that owning a car also involves the cost of fixing it?
Just saying there people. Warranties are sold by people that make money off people............................ They dont sell that crap to be nice..
Warranties are sold by organizations that do the math and realize that they will make money off them. Statistics and facts are on their favor and then they peddle their crap to people the same way con men peddle religion to people using fear and rational garbage.
FACT Is nearly any new car will outlast any warranty with little chance of any major failure. IF by chance your still someone that fears the small chance of a major failure and afraid of the cost then that brings up the question of why are you buying this item? Did you not take into account that owning a car also involves the cost of fixing it?
Just saying there people. Warranties are sold by people that make money off people............................ They dont sell that crap to be nice..
That is not entirely true; warranties, like insurance, are priced off a calculated risk. Certainly they are priced to be profitable, but much like insurance, they win some and they lose some (and vice versa for the customer). Having not taken the bath on depreciation off of a new car, I would rather make the calculated risk to invest in the extended warranty for further peace of mind than not.
We replaced a steering wheel hub assembly and lock on a C-Class under extended warranty to the tune of 2700, plus a failed window switch at 600 with labor. Those two alone paid for the warranty on that car, on top of the other challenges. Certainly I may not win, but I may not lose either.
There are pluses and minuses to both of your arguments, and one that owner’s of cars like ours where a complete motor rebuild/replacement at a MB dealership might be north of $70K for a GT R motor, need to be cognizant of.
In my case I did not get the extended MB warranty at the time of purchase because my history has been one of never keeping a car past it’s OEM warranty date, even though the buy rate at that time may well have been somewhat lower. But, I’m getting older and close to retirement so I may well keep the GT R past it’s warranty point, so I might well decide before it runs out to get an extended warranty from my dealership. Luckily I have 2 1/2 years to decide that.
We have twice in the past 30 odd years bought an extended warranty and that was on two of my wife’s cars, an ‘08 GL 350 diesel, and her current ‘14 Jeep GC diesel as she tends to keep her cars for 6 years. Both of those decisions saved us thousands of $’s in out of OEM warranty repairs.
I'm getting one, just for the fact that I drive my cars and it will be a long time coming before there is something that much better to even think of selling a great car for something only ever so slightly better..
Hell I still waiting for something "new" to follow me through the canyons to make me think about a so called upgrade..
18 AMG GTC and 22 F150 Limited. Past owner 16 Maybach, 17 Brabus Smartcar, 06 Ford E150, and 22 G70
With all the people that buy an extended warranty one would wonder how they could face life with a car that times out and is not longer able to be warranted at all?
I still find it funny that people these days worry about some major failure of a car that is new with lower miles. Oh well.
With all the people that buy an extended warranty one would wonder how they could face life with a car that times out and is not longer able to be warranted at all?
I still find it funny that people these days worry about some major failure of a car that is new with lower miles. Oh well.
Katie, I think you’re missing the point here. If we were talking about a car that cost say, $50K, I’d never buy an extended warranty (unless it was a first year model like my wife’s GC with the Diesel engine). But with a car like the GT R where an engine replacement costs upwards of $70K, or a DCT/Transaxle replacement might be north of $30K(?), it makes complete sense to me to purchase a 2 year warranty extension after the OEM one expires for say $5K, especially since my car will have seen a heavy duty cycle during its lifetime. I would not buy the warranty early on a car like this as my history has been one of trading prior to OEM warranty expiration, but it’s a sound investment IF I decide to keep it for say 6 years instead of 4.
18 AMG GTC and 22 F150 Limited. Past owner 16 Maybach, 17 Brabus Smartcar, 06 Ford E150, and 22 G70
Ok so in the extremely unlikely event your car engine blows up what do you do after the 2 year extended warranty is over?
What do you do when you contact the warranty department and they decide the failure was your own fault because of some magical bull**** excuse?
More likely is your car (like ANY OTHER) new car will run for 100000+ miles with no problems. Thats why the warranty companies sell this ****. They know what the probability is but then sell you the warranty based on fear of WHAT might happen. The same approach is used for religion.
As with any consumer advocate group would say its wiser to invest your 2000+ dollars for the warranty and if there is a failure you have that money for the failure and if there isnt then you reap the rewards of the interest on your investment.............
Katie, I think you’re missing the point here. If we were talking about a car that cost say, $50K, I’d never buy an extended warranty (unless it was a first year model like my wife’s GC with the Diesel engine). But with a car like the GT R where an engine replacement costs upwards of $70K, or a DCT/Transaxle replacement might be north of $30K(?), it makes complete sense to me to purchase a 2 year warranty extension after the OEM one expires for say $5K, especially since my car will have seen a heavy duty cycle during its lifetime. I would not buy the warranty early on a car like this as my history has been one of trading prior to OEM warranty expiration, but it’s a sound investment IF I decide to keep it for say 6 years instead of 4.
Bish
I agree with all of this completely. When even seemingly minor repairs can quickly add up to thousands, spending $3-4k for an extended warranty makes perfect sense to me. Especially when you factor in that certain aftermarket warranties allow the use of indy shops, and only do physical inspections of cars for mods, before signing off on major warranty work (meaning you are still covered if tuned), it seems like a no brainer to me personally.
Then again, I also cover MUCH higher than minimum coverage insurance for life and car insurance.
Ok so in the extremely unlikely event your car engine blows up what do you do after the 2 year extended warranty is over?
What do you do when you contact the warranty department and they decide the failure was your own fault because of some magical bull**** excuse?
More likely is your car (like ANY OTHER) new car will run for 100000+ miles with no problems. Thats why the warranty companies sell this ****. They know what the probability is but then sell you the warranty based on fear of WHAT might happen. The same approach is used for religion.
As with any consumer advocate group would say its wiser to invest your 2000+ dollars for the warranty and if there is a failure you have that money for the failure and if there isnt then you reap the rewards of the interest on your investment.............
It’s good to see you approach a subject with an open mind.
Also, I’m impressed by your constructive counter argument ^, magic always adds credibility.
It’s good to see you approach a subject with an open mind.
Also, I’m impressed by your constructive counter argument ^, magic always adds credibility.
Indeed. lol
If I was worried about dropping $5K on a warranty that hopefully I’ll never use, I wouldn’t be buying a car like this. Now that would be a dumb financial decision.
My momma taught me that an ounce of prevention is worth a pound of cure. I will not own an expensive car that doesn't have a warranty. I really don't see where religion (analogy) fits into an extended warranty on high end cars. Choose your risk tolerance. It's an individual thing.
A lot of it depends on car. My Cl500 &cl63 has warranties for extra 3 years each for about 10k.
With all the ABC issues that Car had With hydraulic pumps they spent 30k fixing both cars at Warranty company cost.
I dont believe this this engine will time out, but with all the electronics Katie, probably a good idea. With that said, I purchased an extra year for 1200 at delivery so 5/50.
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