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Extended Warranty

6.9K views 25 replies 16 participants last post by  182RG  
#1 ·
I've had pretty good luck with my T-Reg and never have purchased an extended warranty before. I'm Thinking it might be a good idea, and have started looking around. I'm getting Quotes from different dealers and some of the rates are ridiculous. Is the quote vehicle specific? I don't mean model specific, but actual VIN number specific. Does anyone know? Or do dealers offer different rates at a varying profit margin?

For example I looked at one 8 year 200k 5 star warranty they want almost 9 grand!!
 
#3 ·
#4 ·
I've had pretty good luck with my T-Reg and never have purchased an extended warranty before. I'm Thinking it might be a good idea, and have started looking around. I'm getting Quotes from different dealers and some of the rates are ridiculous. Is the quote vehicle specific? I don't mean model specific, but actual VIN number specific. Does anyone know? Or do dealers offer different rates at a varying profit margin?

For example I looked at one 8 year 200k 5 star warranty they want almost 9 grand!!
Some dealers do try to make quite a bit of profit out of things like warranty, finance, paint and trim protection packages, and the like - these can be more profitable than selling the car itself!

$9K is about $100 a month or $3 a day which doesn't seem quite so much when I put it like that, but if you have to find the $9K up front - OUCH!
 
#5 ·
A bit of profit? My stealer wanted > $4k for the same warranty Chris was < $2k.
And the dealer wouldn't budge.

Ridiculousness!
 
#6 ·
I did say "quite a bit"!!
 
#7 ·
I got the quote from Chris and took it to my dealer. He looked over and said Buy It. I have a great relationship with them, my cousin used to own it, they couldn't get close to Chris. Two years in I got a horn replaced. Peace of mind priceless.
 
#8 ·
Reasons why not to buy a VPP: high price, & poor coverage: No emission related items are covered, VPP can deny claim without explanation. No help from dealers as they state that their is no profit in the warranty you purchased from them. Dump those dealers while your at it.

Other reasons not to buy: deny if failure could have been caused by rust, normal wear and tear or item could be considered a maintenance item even if not listed as a maintenance item. Also diagnosis time may not be covered by VPP.

I believe it is not good value when the onus is on you the purchaser to prove that the failure should be covered by the warranty purchased. To me it should be the other way around. The onus should be on VPP to prove without a doubt that the failure should not be covered.

Read the policy in detail : "schedule of coverage" & "exclusions".

Lastly if you decide to purchase a VPP, ask for at least one VPP persons name, with their phone number, email address, mailing address, prior to purchasing a VPP contract. If you can't get this information then turn around and head for the door, as you may never get it later.

Good luck
 
#25 ·
Most if not ALL of your 'negatives' are covered by the Magnuson/Moss Warranty Act.
The simplest way to define how it covers the customer in the most common complaint/occurrence is this: The burden of proof is on the DEALER/MANUFACTURER to show WHY your failure/breakdown is not covered under your warranty.
I've dealt with these issues unfortunately a lot, and it's down-right comical how LITTLE dealership service personnel actually know about this law.
You could conceivably modify the living piss out of your vehicle, and despite what the average service writer would tell you about your mods voiding your warranty, the company he works for legally has to prove how and why said mod(s) caused the particular breakdown you've brought your vehicle in for.
If for instance you installed an aftermarket 'cold air' intake, and you bring your vehicle in for a slipping trans, or pulsating brakes, or even white/blue smoke in your exhaust, despite his urge to deny you coverage the second he pops your hood and sees the aftermarket intake, he must first diagnose the problem, then SHOW how YOUR MOD(s) caused it.
This is a FEDERAL LAW, so your own state's law(s) governing motor vehicle warranties are separate, and CANNOT cancel out/void your rights under the MM Act.
FWIW, you can find out anything and everything you wanna know about it by simply punching it into your favorite search engine
 
#10 ·
Agree with the most recent responses...I have researched the Fidelity warranty options, but at the end of the day not sure it's worth it. Also, if you google them there are some pretty strong complaints against them from former customers. There seems to be too much room for them to get out of covering items - also it makes it hard to be proactive about repairs because everything needs to be approved. At the end of the day, I have a savings account and a clean credit card - why pay $2500.00 for the possibility of coverage? With appliances/tv's it's smart - for me, just too many variables when it comes to a vehicle. Also, the later Tregs seem to be more reliable with less chance for major problems - especially if the owners are on top of maintenance. Now according to the principles of Murphy's Law, I'll probably have a $10,000+ repair this week. If that happens, I will promptly respond singing a different tune.
 
#13 ·
I would say the majority of people on this site that have used their VW extended warranties have been satisfied and enjoyed substantial savings over having the work done out of pocket.

On my 2004 I actually had a much better experience and end result going through the extended warranty than trying to get VW to fix a known problem that occurred while still under factory coverage.

My only bad experience with the the program was that 2 different dealers wouldn't re-up my extended warranty. Upon my return to this forum from my X5 hiatus the information gleaned here says that I should have been able to extend before the previous had run out. I should have done my homework before accepting "no" for an answer ](*,)

On a related note I didn't get an extended warranty on the X5 and sure enough the water pump blew out shortly out of coverage.

Won't make that mistake again!
 
#11 ·
Car warranty yes, but TV and other household junk? No!
 
#14 ·
I've had a good experience so far with my Platinum Warranty from Chris. I've only had to use it once when my water pump failed but there was no problem getting it fixed at the warranty company's expense.

My Audi has a similar warranty and the oil pump failed last month. There were metal shavings in the oil and the motor needed to be replaced. The extended warranty company paid $8500 for a new motor and all I had to pay was the $100 deductible. I even had a free Q5 while the repair was being done.

+1 for extended warranties!
 
#16 ·
Yeah, that's steep!

Not sure about your situation, but if it were me I'd bank the money and next post warranty multi-thousand dollar repair trade in for a newer Touareg!
 
#24 ·
Ya they look pretty "new"? I got another quote from another dealer at 5600, the math doesn't work out though they say 0% interest over 29 months but somehow I'm ending up at more than the original amount. I guess most people don't do the math on it? Maybe some sort of processing fee's.

I'm still waiting for another quote from another dealer that offers a factory and an aftermarket warranty.