advice with extended warranty options
advice with extended warranty options
I Just bought an 08 clubman over the weekend. I came from the opposite spectrum with 3 land rovers as last 3 cars. looking forward to triple the mileage.
dealer offered several extended coverage options:
5 years ding repair ~$600//
5 years leather guard ~$600//
5 years clear coat ~$600//
maint included to 72/100 $1295. this includes shoes, .... this didn't sound like a great deal as it only included maint items. I can't image at their service interval that would pay for itself. she said they buy that agreement for 1095 and sell for 1695 (her initial offer). is that something others buy?
and finally extended warranty to 72/100 $2695. said they buy this for 1995 and she would have probably gone to around $2295. said that if we do not make a claim on this extended warranty then the entire amount gets refunded at the end of the warranty (an interesting gamble). also said there was a one-time $100 deductible. I can picture myself at 70/95 K faced with a $2000 repair bill and eating it rather than loosing out on the refund. I don't like gambling on things like this because the MBAs that come up with the odds are smarter than me. I don't play the lottery either. I got a simple dealer 72/100 on my wife's new pilot in 06 for $750 -- good piece of mind.
Anyway, I really want a straight forward extended warranty (did I mention I have experience with leyland vehicles). Can anyone give me some advice on how I can get an extended warranty, preferably dealer authorized repairs, which is straight forward? what is a reasonable price for 72/100?
thanks and hello to the club. //
dealer offered several extended coverage options:
5 years ding repair ~$600//
5 years leather guard ~$600//
5 years clear coat ~$600//
maint included to 72/100 $1295. this includes shoes, .... this didn't sound like a great deal as it only included maint items. I can't image at their service interval that would pay for itself. she said they buy that agreement for 1095 and sell for 1695 (her initial offer). is that something others buy?
and finally extended warranty to 72/100 $2695. said they buy this for 1995 and she would have probably gone to around $2295. said that if we do not make a claim on this extended warranty then the entire amount gets refunded at the end of the warranty (an interesting gamble). also said there was a one-time $100 deductible. I can picture myself at 70/95 K faced with a $2000 repair bill and eating it rather than loosing out on the refund. I don't like gambling on things like this because the MBAs that come up with the odds are smarter than me. I don't play the lottery either. I got a simple dealer 72/100 on my wife's new pilot in 06 for $750 -- good piece of mind.
Anyway, I really want a straight forward extended warranty (did I mention I have experience with leyland vehicles). Can anyone give me some advice on how I can get an extended warranty, preferably dealer authorized repairs, which is straight forward? what is a reasonable price for 72/100?
thanks and hello to the club. //
Might want to read this: http://www.consumerreports.org/cro/c...U=51&HBX_PK=pi
Last edited by buzzsaw; Apr 3, 2008 at 06:41 AM.
The dings, leather, clear coat you can insure your self, if you can wax, clean and call Dent Wizard. The other depends on how long you are going to keep the car and if you can do maintenance and repairs down the road. Only you can answer those questions.
extended warranty
I'm somewhat confused by your questions. I am also looking to buy an extended warranty. I have a 2005 mini cooper conv S that I bought the 48/50,000 service warranty on but the mini now have 47,000 miles on her and I want to buy another service agrrement that will extend to 100,000 miles. When I say service I mean that it pays for all repairs including brakes, oil changes, etc.(like the one I have now). I was told that mini had one when I bought the car 3 years ago but have been told that now they don't carry it anymore. Can anyone tell me if they do or don't and if there are some dealers that sell it then please give me their number. I know that I can buy one online at places like warranty direct for about $2,200.
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