powersurge
Posts: 1742
Joined: Wed Oct 21, 2015 10:24 am
Delivery Date: 06 Dec 2014
Location: Long Island, NY

Re: Decision time !

Mon May 11, 2020 4:54 pm

I don't understand what your message means? You just find prices on Facebook?

User avatar
Nubo
Posts: 5691
Joined: Fri May 28, 2010 11:01 am
Delivery Date: 31 Oct 2014
Location: Vallejo, CA

Re: Decision time !

Mon May 11, 2020 5:21 pm

DaveinOlyWA wrote:
Sun May 10, 2020 6:42 am

5) "All" warranty plans are a bad idea no matter what car we are talking about. Now SEVERAL here will chime in about some POS they drove but you would have MUCH better odds of not a payoff but breaking even at a casino. The odds you are wasting your money is over 95%
+1 They always push it because it's easy profit for the dealership. If the warranty company AND the dealership are making fat profits, what does that tell you? If you should ever need to try using it, you may be amazed at all the things it doesn't cover.
I noticed you're still working with polymers.

LeftieBiker
Moderator
Posts: 14898
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: Decision time !

Mon May 11, 2020 5:43 pm

You want the edge case? Ok. I bought a $500 extended warranty with my '86 Civic Si. I wasn't worried that the car would be unreliable, but that something major would go between the 3 and 5 year marks. About a year after the factory warranty ended, I got a vibration at just 55MPH. Very annoying. The dealership misdiagnosed broken tire belts (remember that 125MPH down hill run I mentioned?) as worn drive axle half-shaft assemblies, and replaced them for something like $1k. The extended warranty covered it. Make of that what you will. I buy extended warranties if they are cheap, and don't overlap with a good manufacturer warranty.
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
BAFX OBDII Dongle
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

User avatar
Nubo
Posts: 5691
Joined: Fri May 28, 2010 11:01 am
Delivery Date: 31 Oct 2014
Location: Vallejo, CA

Re: Decision time !

Mon May 11, 2020 7:36 pm

LeftieBiker wrote:
Mon May 11, 2020 5:43 pm
You want the edge case? Ok. I bought a $500 extended warranty with my '86 Civic Si. I wasn't worried that the car would be unreliable, but that something major would go between the 3 and 5 year marks. About a year after the factory warranty ended, I got a vibration at just 55MPH. Very annoying. The dealership misdiagnosed broken tire belts (remember that 125MPH down hill run I mentioned?) as worn drive axle half-shaft assemblies, and replaced them for something like $1k. The extended warranty covered it. Make of that what you will. I buy extended warranties if they are cheap, and don't overlap with a good manufacturer warranty.
I'm not saying it can never pay off, but overall it's a bad bet. All the money I've saved over the years from not buying extended warranty protection on cars, appliances, computers, etc., will easily pay for complete replacements, much less repairs of anything I buy going forward. Extended car warranties are maybe the worst, when you consider the dealer as well as the warranty company are profiting, and in some cases a THIRD profit is being realized on the warranty purchase by whomever is financing the car loan! That's a lot of money being spread around that is not going towards repairs. So you can bet they've spent a lot of effort engineering the warranty terms to keep that money flowing.

TL;DR: Don't insure anything you can afford to lose.
I noticed you're still working with polymers.

LeftieBiker
Moderator
Posts: 14898
Joined: Wed May 22, 2013 3:17 am
Delivery Date: 30 Apr 2018
Location: Upstate New York, US

Re: Decision time !

Mon May 11, 2020 8:17 pm

I understand that extended warranties are a profitable racket. I just want people to realize that there are some exceptions. In the case of the Leaf, the Nissan Gold Preferred warranty appears to cover battery degradation on the 24kwh CPO Leaf for an extra 5 years after the 5 year/60k battery warranty expires.
Scarlet Ember 2018 Leaf SL W/ Pro Pilot
2009 Vectrix VX-1 W/18 Leaf modules, & 3 EZIP E-bicycles.
BAFX OBDII Dongle
PLEASE don't PM me with Leaf questions. Just post in the topic that seems most appropriate.

Return to “New Members & Newbie Questions”