Extended Warranty

1011 Views 20 Replies 8 Participants Last post by jeffnhiscars, 2 mo ago

mytouaregsteve

Discussion Starter · 3 mo ago

Greetings All,
I’ve seen earlier posts seeking opinions on purchasing an extended warranty, but nothing recent so soliciting input again. I have a 2016 Lux 3.6 VR6 (gas) with 58K miles. My existing VW Drive Easy Platinum warranty expired this week, so purchased another 48 mo/48K mi. Platinum plan for $4,460. I purchased this vehicle in 2017 w/14K mi. on the odometer, and it has had an easy life, being serviced faithfully by VW. Only non-scheduled maintenance was replacement of power steering rack + pump @ 47,953 miles, costing $2,249 (covered under warranty). Anticipated (possible ?) repairs over next 4 years include drive shaft housing, alternator, A/C compressor, radio/Nav, etc. The drive shaft housing may be covered under the existing 10 YR/100,000 mi. warranty under Drive Train, but VW Care couldn’t confirm this. Love the vehicle, and don’t see anything else on the market that interests me, but repairs are $. Appreciate any feedback from folks that have owned these vehicles longer than I. Thanks Steve

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jeffnhiscars

· #9 · 3 mo ago

You have the remainder of the factory warranty PLUS an 84mo VW warranty w apparently 12k left on it. Makes zero sense to buy yet another warranty which sure won't kick in u less the other 2 don't pay. Makes no sense.

put the $4400 in to a reserve account and if you still can't sleep at night throw half what you've been paying on your loan once its paid off.

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jeffnhiscars

· #11 · 3 mo ago

That provides some clarity. Seems you bought it as a year old vehicle so the in service date discrepancy is either a scriveners error (meaning a typo) or whoever had it in new inventory submitted the warranty registration to VWoA to meet a quota or to earn a volume incentive. This is routine and not relevant to the subject at hand.

that takes us back to the core question to which this is really no good answer. Again, it all boils down to your risk tolerance and how well you sleep...which Im guessing is not great or you would not have started this thread (unless you're a school teacher).

A warranty is insurance and the best insurance is the one you never use. If you never use it and will need therapy to cope with the wasted cost, then get it. If you chalk it up to the cost of doing business and are comforted to know most major repairs will be covered, then get it. If you do as I suggested and set the cash aside to cover any repairs and are in a position to write a check without remorse if it runs out, then don't get it.

No one's crystal ball is any better than anyone else's so the roll of the dice is on you.

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jeffnhiscars

· #14 · 3 mo ago

archills said:
i fixed by myself with some helper from SaVAGeSoot remotely in cost of AUD 88 + future beer claim from SaVAGeSoot.

In short, in my view it is not worth it.

he's Canadian so do not underestimate the potential cost of that beer claim. It may be more than the warranty !!

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jeffnhiscars

· #19 · 2 mo ago

Seems to me you're wanting to know the odds of you making money on a warranty VS the company that sells one. they rely on a hoard of trade data that they don't share that tells them how to price them and if they should even offer one for a given vehicle.

If they're actually still in business, I'd say theres your answer. You sure won't find it here

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jeffnhiscars

· #21 · 2 mo ago

I think you just summarized the common thinking quite well

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