Got a letter from my dealer the other day regarding an offer on the Extended Mechanical Warranty plans they have. Apparently, pricing will increase 20-30% after the end of the month, so this was an "act now" reminder.
Now this kind of annoys me, because when I bought the car, my rep told me that I "only have a few days to make up my mind about the extended warranty" otherwise, I loose the ability to sign on to one.
I called the Finance Manager, and this is definitely not the case. Turns out, you can purchase an extended plan right up to the last day of the standard plan. Of course, the longer you wait, the larger the surcharge (in my case, since I already have 18K on the car, so this equates to $100).
Anyway, there are 2 plans:
1) 6 years/72,000 miles, whichever comes first. Essentially, this adds 2 years onto the 4 year/50,000 standard mechanical warranty.
2) 7 years/100,000 miles, whichever comes first. Adds 3 years.
I got the pricing for the 6 year with a $100 deductible: $1,350.00. You can pay up front, or pay 10% down, then pay the balance over the next 12 months interest free.
I'm seriously considering this, since these cars are so high maintenance and the cost of parts/labor is astronomical. Edit: I'm also going to keep this car for at least 5 years. I also put on 20K miles a year, so in 5 years I will have 120K on the clock.
I also found out that you can also extend the Maintenance Warranty as well. Standard is 3 years, 36,000 miles. You can extend this a year to 4 years, 50,000 miles for a flat $399.00. I wasn't told about this either when I bought the car. Again, this can be purchased anytime before the Standard Maintenance expires.
So what do you guys think? Is this worth the $$$? Which plan would you go for?
Now this kind of annoys me, because when I bought the car, my rep told me that I "only have a few days to make up my mind about the extended warranty" otherwise, I loose the ability to sign on to one.
I called the Finance Manager, and this is definitely not the case. Turns out, you can purchase an extended plan right up to the last day of the standard plan. Of course, the longer you wait, the larger the surcharge (in my case, since I already have 18K on the car, so this equates to $100).
Anyway, there are 2 plans:
1) 6 years/72,000 miles, whichever comes first. Essentially, this adds 2 years onto the 4 year/50,000 standard mechanical warranty.
2) 7 years/100,000 miles, whichever comes first. Adds 3 years.
I got the pricing for the 6 year with a $100 deductible: $1,350.00. You can pay up front, or pay 10% down, then pay the balance over the next 12 months interest free.
I'm seriously considering this, since these cars are so high maintenance and the cost of parts/labor is astronomical. Edit: I'm also going to keep this car for at least 5 years. I also put on 20K miles a year, so in 5 years I will have 120K on the clock.
I also found out that you can also extend the Maintenance Warranty as well. Standard is 3 years, 36,000 miles. You can extend this a year to 4 years, 50,000 miles for a flat $399.00. I wasn't told about this either when I bought the car. Again, this can be purchased anytime before the Standard Maintenance expires.
So what do you guys think? Is this worth the $$$? Which plan would you go for?
. They dont' do that either do they?:dunno:
