Is the extended warranty worth it?
#21
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Best decision I've ever made. If you're smart about a warranty, you'll know how to use it effectively. Regardless, it's still a great precaution to purchase when buying a pre-owned car.
#22
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Well, lets see....
In the past 10 years, I have bought 9 vehicles.
7 were new, 2 were used.
5 were family sedans, 2 were small trucks, and 2 were sport/perfromance cars
3 were Nissans, 4 were Toyotas, and 2 were Mazdas.
I usually own 3 vehicles al the time, and keep them for about 100K.
Total spent on repairs in the last 10 years: $0
I did have a de-cel fuel shut-off switch fail on the '98 626 (5 spd manual), but they replaced it under warranty.
So I think I do just fine without any extended warranties. Take the $1000 (or whatever) and put in the bank. You will almost certainly come out way ahead.
bill
In the past 10 years, I have bought 9 vehicles.
7 were new, 2 were used.
5 were family sedans, 2 were small trucks, and 2 were sport/perfromance cars
3 were Nissans, 4 were Toyotas, and 2 were Mazdas.
I usually own 3 vehicles al the time, and keep them for about 100K.
Total spent on repairs in the last 10 years: $0
I did have a de-cel fuel shut-off switch fail on the '98 626 (5 spd manual), but they replaced it under warranty.
So I think I do just fine without any extended warranties. Take the $1000 (or whatever) and put in the bank. You will almost certainly come out way ahead.
bill
#26
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its such a rip off. when the guy tried to gimme the speal when my wife and i bought our xterra i told him not to waste his time. he looked at me like i was an idiot and said 'may i ask why'. i simply said 'its a waste of money when we wont have the car past 3-4 years'.
dont buy a 7 year warranty when youll own the car for 4. thats how they squeeze every last cent outta you.
dont buy a 7 year warranty when youll own the car for 4. thats how they squeeze every last cent outta you.
#28
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I didn't get one on the Z, but I did when I had my Prelude. It was 3yr/36k for the OEM warranty, bumped it to 5yr/100k miles about 20k into it. Cost me $1400 at the time. I really never needed it up until I sold it, had to change my timing belt/water pump under warranty because they went early (covered by TSB).
#29
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There is a differece between an aftermarket warranty when the manufacturers warranty is new or still acive and when you buy a used car and it isn't active.
#30
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This warranty will come in VERY VERY handy especially after you mod your Z and take it to the dealer and say hey it seems to be not doing something right, then they will just void your $3,000 dollar warranty......enjoy getting screwed! lol
***WASTE OF MONEY*** CANCEL IT AND GET UR MULA BACK IF POSSIBLE***
***WASTE OF MONEY*** CANCEL IT AND GET UR MULA BACK IF POSSIBLE***
#31
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Originally Posted by Armitage
I didn't get one on the Z, but I did when I had my Prelude. It was 3yr/36k for the OEM warranty, bumped it to 5yr/100k miles about 20k into it. Cost me $1400 at the time. I really never needed it up until I sold it, had to change my timing belt/water pump under warranty because they went early (covered by TSB).
bill
#32
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man i feel ripped, i didnt realize they can charge what ever the **** they want for exstended warrenty. i payed 2k but they told me if i dont use it, i get my money back.
Another lesson learned. so seems i payed the highest on this thread.
Another lesson learned. so seems i payed the highest on this thread.
#34
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The most remarkable thing I noticed about extended warranties is the large divergence in pricing. I got an Nissan extended warranty last fall and noticed that the quotes varied by almost $500 between dealers. While I hate to badmouth sponsor of this website, the company (in Georgia, I think) was asking $1,400 for the same Nissan warranty offered by a dealer in nearby Ohio for $900. Also if you buy a warranty from an out-of state dealer one is spared state sales tax which can be, depending on the warranty cost and state, almost $100 dollars. I've already purchased an extended warranty, so I obviously I will not argue the economics. However, given the cost of most repairs, it seemed to me that a single visit to the dealer for failed items such as the A/C unit or window lifts could easily cost as much as the extended warranty. Of course one might risk the repairs and hold on to the money, but Murphy's law is always lucking in the background. Of course, if you are one that freqently changes cars, then why bother with extended warranties.
#35
Originally Posted by Forrest80
i payed 2k but they told me if i dont use it, i get my money back.
I asked Nissan for same....they laughed
so if you got that in writing, save that piece of paper and get your $$ back if you don't use it...be careful as to what work you have done, they will try and say recalls and other things are covered by the extended warranty to make sure they don't have to refund your $$
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