Welcome to Ultimate Subaru Message Board, my lurker friend!
|Welcome to Ultimate Subaru Message Board, an unparalleled Subaru community full of the greatest Subaru gurus and modders on the planet! We offer technical information and discussion about all things Subaru, the best and most popular all wheel drive vehicles ever created.
We offer all this information for free to everyone, even lurkers like you! All we ask in return is that you sign up and give back some of what you get out - without our awesome registered users none of this would be possible! Plus, you get way more great stuff as a member! Lurk to lose, participate to WIN*!
* The joy of participation and being generally awesome constitutes winning
** Not an actual guarantee, but seriously, you probably won't regret it!
Serving the Subaru Community since May 18th, 1998!
Gold Plus Extended Security Warranties
Posted 12 June 2009 - 06:05 PM
Posted 13 June 2009 - 12:24 AM
If you decide to go for it go over the plans with a fine tooth comb. Look for things that exclude transfer cases, AC compressors and timing belts.
Now if this was a 2010 with a CVT I woud have a differnt opinion.
Posted 13 June 2009 - 07:31 AM
There was a time when the salesman made more on the extended warranty than on selling the car. That should give you some idea of the margins. Which should also give you some idea of the money they set aside to fix real problems and how hard it's gonna be to get.
I haven't purchased a new car since 2001 when I bought 2. But I doubt things have changed that much.
Posted 13 June 2009 - 03:09 PM
Obviously the answer to both questions is "NO!"
You are better off taking the same warranty money and putting it into a bank account specifically for repairs and maintenance down the road. Add $25 or $50 to it each month, and even if something were to happen after your basic new car warranty expires, you'll have saved enough to cover most repairs. And if you don't need to use the cash, when the next car trade time comes along you'll have enough for the extra options/another set of tires/a reward for the guys who suggested that you should pass on the extended warranty! (Be sure to get back to us and we'll give you our pertinent names and addresses.)
Posted 13 June 2009 - 10:48 PM
Also remember that if you buy the warranty from the dealer. you are PAYING interest over the life of the car to have it. If you put the money in the bank each month you are EARNING interest. The car is covered fully for the first 3 years so in that time you should be able to save up afew bucks for emergencies. Get a subaru mastercard and save up some subaru bucks too for tune ups or emergency service.
One more perspective....
Say you buy a 5 year 60K bumper to bumper warranty. You are REALLY buying a 2 year 24k other than powertrain warranty (basically covering the gap between the end of the factory 3/36 to the powertrains end at 5/60) And often times they try to stick you with a deductable to fix something that may have been only $150 to fix anyway without the warranty. With a $100 deductable.... ya that $2000 up front was NOT worth it!
Edited by Flowmastered87GL, 13 June 2009 - 10:50 PM.
0 user(s) are reading this topic
0 members, 0 guests, 0 anonymous users