Ever been glad you bought extended warranty?

[Anonymous]

Also, is it true that this offer is only extended on the day of purchase?

I have a 2 year BMW which I recently purchased. Still have 1 year and about 15,000 miles on the original warranty, but I purchased an extra 2 years warranty.

[Anonymous]

We did the same with an x3. Wife was insistent. Three years and it was a lot of money. But repairs are so expensive that if there is one electrical problem, it will pay for itself.

[Anonymous]

I bought lifetime warranties twice - once on a Chrysler minivan and once on a Jeep. Both more than paid for themselves. We keep our vehicles until they die.

[Anonymous]

Anonymous wrote:Also, is it true that this offer is only extended on the day of purchase?

I have a 2 year BMW which I recently purchased. Still have 1 year and about 15,000 miles on the original warranty, but I purchased an extra 2 years warranty.

No, you can buy extended warranty from the manufacturer anytime before your original warranty expires. None of the cars I owned could benefit from such a warranty as none of them had any issues before 100k miles/10 years but all of these were Japanese cars Hondas, Toyotas, Nissans, Mazdas, Subarus.

[Anonymous]

No, no benefit and they are expensive!

[Anonymous]

Anonymous wrote:I bought lifetime warranties twice - once on a Chrysler minivan and once on a Jeep. Both more than paid for themselves. We keep our vehicles until they die.

I think I see why this worked so well for you.

[Anonymous]

No I change out the car before warranty is over. Probably a good idea on a BMW if you plan to keep it though.

[Anonymous]

Anonymous wrote:I bought lifetime warranties twice - once on a Chrysler minivan and once on a Jeep. Both more than paid for themselves. We keep our vehicles until they die.

Jeep doesn't offer lifetime anymore which sucks but we bought the 8 year since they have known issues. Unfortuantely the paint issues are the big issue we've had and its not covered.

[Anonymous]

Anonymous wrote:Also, is it true that this offer is only extended on the day of purchase?

I have a 2 year BMW which I recently purchased. Still have 1 year and about 15,000 miles on the original warranty, but I purchased an extra 2 years warranty.

I got a 10 year, 100k bumper to bumper on my hybrid truck. Bought it about a year after purchasing new. I could have gotten it anytime before the original warranty expired. It’s not aftermarket, but offered by the manufacturer. Was 2k and the truck was 60k. I wouldn’t get a third party extended warranty, though. My brother in law got an extended warranty for his Honda minivan and the transmission crapped out at 50k; it ended up saving him quite a lot of money. Of course they wouldn’t offer these if they lost money on them, so it comes down to whether you’re comfortable with possibly spending money on something that never gets used.

[Anonymous]

I just assume anything involving a car warranty is a scam and ignore it.

[Anonymous]

You can purchase an Extended warranty after purchasing ..
They usually hound you once the original comes to an end.

[Anonymous]

Anonymous wrote:You can purchase an Extended warranty after purchasing ..
They usually hound you once the original comes to an end.

Third party warranty providers will definitely hound you for a month or two after you purchase a used car even if the original warranty expired.

[Anonymous]

That’s like asking a lottery winner if they’re glad they bought the ticket. They’ll say yes but that doesn’t mean it was a good financial decision. Unless there’s a known issue with the vehicle, extended warranties are money makers for the issuer

[Anonymous]

That’s like asking a lottery winner if they’re glad they bought the ticket. They’ll say yes but that doesn’t mean it was a good financial decision. Unless there’s a known issue with the vehicle, extended warranties are money makers for the issuer

This is a self insure situation. Over your lifetime you will own several cars. At some point you may have a large bill, but taken over the many years and several cars you will undoubtedly come out ahead of getting extended warranty. Just keep an emergency fund for this and the other things that are "sh*t happens" episodes in life.

[Anonymous]

Carmax extended warranty on a Range Rover. Covered a new engine (~$32k) at 57k miles.