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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]what about the cost of replacement battery? do you guys factor that in? [/quote]

I’m the one with the thesis.  It’s covered for 8 years and unlimited miles with my CPO extended warranty and I can actually cover it for 2 extra years as part of an add on extended warranty from the manufacture that I am considering.

It’s a risk, but my parents have a very old Prius that has over 200k miles on it and the mpg is going strong.

The degradation of the battery has so many factors, several of them are within the owners control.  The warranty took a lot of risk out of the equation.  There’s still the risk of rapid depreciation in a few years if all these new EVs do have major battery problems.  The whole system is changing and we don’t know what’s next.  We also don’t know how long the batteries will last.  You can’t eliminate risk, you just have to do take reasonable steps to anticipate and mitigate.

But the basic answer on the battery is, we just don’t know.  The down side risks get a ton of hype, but it’s far from certain that the batteries won’t last 150-200k miles.  We wont know the lifecycle till 10s of thousands of units have aged and by then, the next generation tech won’t have aged either.

ICE cars have been tested for 100 years.  The risks are far more predictable, but it’s certain there will be significant repair and service costs over the life cycle of even very reliable cars like Toyotas.[/quote]

Extended warranty is almost always a bad deal.  [/quote]

It’s like saying home owners insurance is a bad deal because you didn’t use it.

And, this extended warranty will be a bad deal for the manufacturer bc it includes unlimited miles.  Parts will undoubtedly need repair before the end of the warranty.  It also transfers with a sale, so if I need to sell and someone is squeamish about the age of the battery, it’s covered.

And, I explained in some detail why the extended warranty makes particular sense in the case of new EV tech, particularly with all the electronics in the cabin.  You could easily spend half as much as my extended warranty tracking down an electrical issue.

Extended warranties that are marketed and accepted by the manufacturer should be considered for many high priced imports, especially with a lot of sensors and electronics.  Even in ICE cars where the engine and transmission can reasonably be expected to go 150k without repair, there are a ton of things that can go wrong.  The entry point, even at my local trusted mechanic, to get anything of substance done is $500 with many moderately simple repairs upwards of 1000-1500.  $3k on a warranty that goes unlimited miles in todays dollars to pay for repairs 6-7 years from now is a fair deal.  You can usually pay for it by not getting some upgraded features or getting a slightly more used car.

Plus, it reduces the fully loaded cost per mile if you’re not having to build in the cost of unexpected failures.  The wear and tear calculation now only applies to routine service and energy.

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