Good deals on extended warranty?

KillerBee370 · 10-16-2011, 02:57 AM

"Good deal" and "extended warranty" in the same sentence is an oxymoron.

cc370z · 10-16-2011, 03:15 AM

Just remember that you can wheel and deal on warranties. The finance guys have a quota to hit. I know when I was selling cars a couple of the the guys in finance would give me a kick back for pushing the warranty during the sales process. When I bought mine I was able to work a good deal and play a couple of dealerships against one another. So don't be afraid to work numbers

USMCASA · 10-16-2011, 08:29 AM

...why would you ever need one? i have 76k on the odo and no issues. i blew a fuse putting led's in yesterday but other than that no issues

cc370z · 10-16-2011, 09:56 AM

Quote:

Originally Posted by USMCASA

...why would you ever need one? i have 76k on the odo and no issues. i blew a fuse putting led's in yesterday but other than that no issues

I'm on my 2nd transmission dealership billed Nissan for $7k on that one. Also a cam sensor and fuel pump. So the $1.2k I paid for my warranty is worth the piece of mind.

Zaggeron · 10-16-2011, 11:15 AM

^^ This was covered by the existing factory warranty. This is exactly why the extended warranty retailers make a killing. Most major $ issues show up while the car is still under factory warranty. I guess it's funny how that "piece of mind" aspect factors into the cost/benefit analysis -- nobody would take those odds at a casino.

KillerBee370 · 10-16-2011, 12:12 PM

Quote:

Originally Posted by Zaggeron

^^ This was covered by the existing factory warranty. This is exactly why the extended warranty retailers make a killing. Most major $ issues show up while the car is still under factory warranty. I guess it's funny how that "piece of mind" aspect factors into the cost/benefit analysis -- nobody would take those odds at a casino.

I usually do

( Click to show/hide )

cc370z · 10-16-2011, 12:33 PM

I also play roulette. So I not good with odds. But it's still fun.

mjg · 10-16-2011, 02:10 PM

I had the dealer give me an extended warranty, after going through a lot of grief. I would of never purchased it, and would never recommend it. Extended warranties are upsell only, and Nissan is one of the worst dealer service experiences pretty much. You will be paying $50 deductibles, and really, do you feel the car will disintegrate after 2 years of ownership?

dirtrat · 10-16-2011, 03:36 PM

Not at all! He's not asking for options, it's very clear he is looking for the cheapest price on the dealership warranty. Why not stay on topic?

Quote:

Originally Posted by Zaggeron

It's perfectly appropriate to add a

option to any thread where the question is should I choose (a) or (b)

dirtrat · 10-16-2011, 03:44 PM

I'm confused about what you are talking about? Do you mean Quality Guard? That is for Pre-owned vehicles. The 3 levels of warranty for Nissan is:

Gold Preferred
Gold Plan
Silver Preferred

Many people go for the Gold preferred and it does cover unlimited roadside assistance. Seriously IMHO it's a mistake to buy a third party warranty but that's your choice. The Gold preferred even covers belts and hoses.

Quote:

Originally Posted by UNKNOWN_370

Well if you want to take it there I can tell you right now that Care Guard warranty supercedes nissans standard warranty. Not only do they repeat every legality in your standard oem warranty, they flip the script and add things like roadside assistance. Something nissan won't cover, they will wrap around your warranty to extend into another bumper to bumper coverage for 5/60 where nissan will only honor another extended warranty for half the years and the same miles. Careguard gap pays accident claims within 10 days and the comprehensive maintenence plans are just as good as any dealer and the overall cost to features of the CareGuard warranty supercede nissans offerings. Honestly, nissans overall warranty amenities are a weak point compared to some other OEM and private plans that offer more.

Zaggeron · 10-16-2011, 03:45 PM

Quote:

Originally Posted by dirtrat

Not at all! He's not asking for options, it's very clear he is looking for the cheapest price on the dealership warranty. Why not stay on topic?

So if the topic was "I got an email saying I'd get $100K if I sent $5k to Nigeria. Should I use Western Union or Bank of America to transfer the money", then the only proper response would be to give the original poster your preference on wire transfer companies?

SS66 · 10-17-2011, 11:05 AM

Quote:

Originally Posted by Zaggeron

So if the topic was "I got an email saying I'd get $100K if I sent $5k to Nigeria. Should I use Western Union or Bank of America to transfer the money", then the only proper response would be to give the original poster your preference on wire transfer companies?

High roller with the 10 z & 07 Mazda 3 telling us how to spend or not to spend money on a warranty. Tell us what you learned after you wired transfered that money from your bank account. Come on now... lets hear the whole story. Big Bank Little Bank... hehehe

Zaggeron · 10-17-2011, 11:47 AM

Quote:

Originally Posted by SS66

High roller with the 10 z & 07 Mazda 3 telling us how to spend or not to spend money on a warranty. Tell us what you learned after you wired transfered that money from your bank account. Come on now... lets hear the whole story. Big Bank Little Bank... hehehe

High Roller?? Hmm, if anything is the truth it's that I'm cheap as hell. That's why I think buying an extended warranty is a rip-off. Anyway I'm not *telling* anyone what to do. Just giving an opinion. And the last post was simply a hypothetical example of when it would be clearly "OK" to to say "none of the above" instead of keeping to the question of A or B.

Draw what conclusions you will ...

( Click to show/hide )

gurneyeagle · 10-17-2011, 12:33 PM

Quote:

Originally Posted by Zaggeron

High Roller?? Hmm, if anything is the truth it's that I'm cheap as hell. That's why I think buying an extended warranty is a rip-off. Anyway I'm not *telling* anyone what to do. Just giving an opinion. And the last post was simply a hypothetical example of when it would be clearly "OK" to to say "none of the above" instead of keeping to the question of A or B.

Draw what conclusions you will ...

( Click to show/hide )

I respect your opinion, and respectfully disagree with it based on past experience.

Based on the fact that my wife and I keep our cars way past the time the normal warranty expires, I buy extended warranties. The last vehicle I did not buy a warranty for was our 2001 Honda Odyssey. The post warranty repair costs were almost double what a warranty would have cost.

Further, we just had over $450 in repairs covered on our 2007 MDX, and still have another two years and 40K in warranty coverage.

Everyone has different experiences and comfort levels. For me, owning a $40k+ car with all the power conveniences, stereo and nav system, that I drive everyday, and plan on driving every day for at least the next five years, is a whole different paradigm than owning the 1977 Datsun B-210 I had in college.

Zaggeron · 10-17-2011, 12:57 PM

^^ You're right. Individual experiences and comfort level may vary. My point is that most people, in the long run, will pay out more in premiums for extended warranties than they'll ever save in warranty repairs.

It's just like insurance in that most people will pay more in premiums than they will have saved in covered claims. That's how the companies make their money. The difference between a warranty and standard house/car insurance is that the consequences of not being insured can be much worse than not having an extended warranty.

That said, people should decide based on a thorough evaluation of the costs and benefits and what they could comfortable shell out if something did go wrong.

10-16-2011, 11:15 AM	#20 (permalink)
Zaggeron A True Z Fanatic Join Date: Jan 2010 Location: Austin, TX Posts: 1,951 Drives: '10 370ZR '13 BRZ Rep Power: 18	^^ This was covered by the existing factory warranty. This is exactly why the extended warranty retailers make a killing. Most major $ issues show up while the car is still under factory warranty. I guess it's funny how that "piece of mind" aspect factors into the cost/benefit analysis -- nobody would take those odds at a casino. __________________ 2010 Platinum Graphite 370z Roadster:Touring/Sport 2013 Subaru BRZ Limited

10-17-2011, 12:57 PM	#30 (permalink)
Zaggeron A True Z Fanatic Join Date: Jan 2010 Location: Austin, TX Posts: 1,951 Drives: '10 370ZR '13 BRZ Rep Power: 18	^^ You're right. Individual experiences and comfort level may vary. My point is that most people, in the long run, will pay out more in premiums for extended warranties than they'll ever save in warranty repairs. It's just like insurance in that most people will pay more in premiums than they will have saved in covered claims. That's how the companies make their money. The difference between a warranty and standard house/car insurance is that the consequences of not being insured can be much worse than not having an extended warranty. That said, people should decide based on a thorough evaluation of the costs and benefits and what they could comfortable shell out if something did go wrong. __________________ 2010 Platinum Graphite 370z Roadster:Touring/Sport 2013 Subaru BRZ Limited

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10-16-2011, 02:57 AM	#16 (permalink)
KillerBee370 A True Z Fanatic Join Date: Mar 2009 Location: So Cal baby! Age: 51 Posts: 5,964 Drives: with passion Rep Power: 321	"Good deal" and "extended warranty" in the same sentence is an oxymoron.

10-16-2011, 03:15 AM	#17 (permalink)
cc370z Enthusiast Member Join Date: Jan 2010 Location: AZ Posts: 467 Drives: 09 370z Rep Power: 15	Just remember that you can wheel and deal on warranties. The finance guys have a quota to hit. I know when I was selling cars a couple of the the guys in finance would give me a kick back for pushing the warranty during the sales process. When I bought mine I was able to work a good deal and play a couple of dealerships against one another. So don't be afraid to work numbers

10-16-2011, 08:29 AM	#18 (permalink)
USMCASA A True Z Fanatic Join Date: Nov 2009 Location: NC Posts: 1,152 Drives: 09 370z CY M6 Rep Power: 17	...why would you ever need one? i have 76k on the odo and no issues. i blew a fuse putting led's in yesterday but other than that no issues

10-16-2011, 12:33 PM	#22 (permalink)
cc370z Enthusiast Member Join Date: Jan 2010 Location: AZ Posts: 467 Drives: 09 370z Rep Power: 15	I also play roulette. So I not good with odds. But it's still fun.

10-16-2011, 02:10 PM	#23 (permalink)
mjg Base Member Join Date: Aug 2011 Location: nyc Posts: 243 Drives: 13' GT 500 Rep Power: 15	I had the dealer give me an extended warranty, after going through a lot of grief. I would of never purchased it, and would never recommend it. Extended warranties are upsell only, and Nissan is one of the worst dealer service experiences pretty much. You will be paying $50 deductibles, and really, do you feel the car will disintegrate after 2 years of ownership?