Extended Warranty: Did You Purchase a Nissan Warranty? How much?
 

This poll is to learn and hopefully explain Nissan's Extended Warranty and is a result of this Extended Warranty thread, by TacoZ. Nissan offers several extended
warranties. The most extensive being the Security+Plus.

You have to sixty (60) days in which to cancel your warranty agreement and receive a full refund. If you have financed the amount then your finance company will receive the credit, and you will reduce your loan by said amount; if you paid out-of-pocket, then you will receive the refund. To cancel your warranty the quickest way is to go to a Nissan dealer and have them verify the odometer reading as (an odometer statement is mandatory), and have them process the refund.

You have until the end—not one day or mile after—until the factory warranty ends (3-years/36000-miles) to purchase a Nissan Extended Warranty.

In listing how much you paid it is important to reference the correct warranty. Thank you.

You can purchase the right Security+Plus plan for you from Nissan Extended Warranty DOT COM at any time within the first 3 years or 36,000 miles of your vehicle's original in-service date. However, you will get the most out of Security+Plus by selecting a plan early.

All Security+Plus plans offer transferable coverage, your choice of deductible and flexible financing options. A brief summary of each plan appears below.

Security+Plus Gold Preferred
Security+Plus Gold
Security+Plus Silver Preferred
Security+Plus Silver
Security+Plus Bronze

Security+Plus Gold Preferred
Covers over 1,950 components
24-hour roadside assistance, trip-interruption benefits and 17 different time and mileage options, plus all the coverage of

Security+Plus Gold
Covers over 1,800 components
Designed for owners of accessorized new Nissans, since it covers many electronic items found on 'luxury' or 'high-tech' models
9 different time and mileage options
Towing and car rental reimbursement

Security+Plus Silver Preferred
Covers over 1,350 components
24-hour roadside assistance and trip-interruption benefits, plus all the coverage of Security+Plus Silver listed below

Security+Plus Silver
Covers over 1,200 components
Designed for owners of accessorized new Nissans, since it covers many electronic items found on 'luxury' or 'high-tech' models
6 time and mileage options
Towing and car rental reimbursement

Security+Plus Bronze
Covers over 780 components
6 time and mileage options

Awesome! This is the kind of information I was looking for. I was really debating on it but let me read through all of this and then decide. I will end up buying it before the 3 year warranty ends.

i did not purchase any type of extended warranty

I was quoted $2,495 for the Security+Plus Gold Preferred.

it seems like i am the only one who purchased the security+plus gold preferred... i got it for $1500 for 100k and 6 yrs... i was defensive with my Z purchase but when the guy said "it covers harsh driving conditions... especially when you and your friend opened up our test drive car... i think you would need it"... done... haha...

Are you sure that is not 7 years versus 6?

you are right... i did not care about the years because i'll probably drive 100k in four/five years... sorry didn't mean to mislead..

Regardless of how long you intend to keep your car and/or whether you intend to mod it (and void the warranty anyway); never, never, never buy an extended warranty.

Keep in mind that the insurance company (and that's all it is) is in business to make a profit and the only way it can make a profit is to charge enough in fees to cover all their potential exposure and then some plus these plans are a HUGE profit center for the dealer (and that profit has to be covered as well).

You will be far, far better off to take whatever money you would spend on an extended warranty and put it in the bank...better yet, have a real emergency fund so that paying for vehicle repairs when they happen aren't a big deal.

i understand your point about the general business of warranties and insurances... if that is the case, then i hope they stop making insurance a requirement to operate a vehicle... because mine is raping me right now...

however, to give you a better understanding of why i did purchase the warranty, i also took consideration of...

1) the fact that the 370Z i bought have unique features that has not appeared in any other nissan cars like the the sychro rev and its unique wider chassis... if these features were present on the 350 or the g35/37s, then i would feel more comfortable that the bugs on these tech/design have already been ironed out... from my understanding certain design even though thoroughly tested and researched would still have problems... (*analogy* remember iron man movie when he flew to outer space and his suit iced up)

2) the warranty, as mentioned, is quite impressive... it covers a lot such as paint, rims, engine, and others... and as mentioned harsh driving conditions... the only thing it does not are the normal wear of the car... for the amount of it, i think it definitely has value...

these are my opinion... im not saying you are wrong, however, people have different risk aptitude and driving characteristics... and in thinking about mine... i think it is worth it...

Are you sure you purchased the nissan warranty as I do not see any mention of paint, unless I am wrong? Thanks.

I understand your reasons.

Keep in mind that the underwriter has to/has taken concerns such as yours (new technology, etc) into account in arriving at the premium they have to charge to make a profit...also, about the only thing with more mark-up in it than an extended warranty is jewelry which is why dealers love to sell them so upwards of 30-50% of what you paid went straight into the dealer's pocket.

Not trying to beat up on you here and you may be one of the "lucky" ones who actually end up better off with the extended warranty than without since some people will experience all those breakdowns and repairs the insurance company has to plan for.

socal, i just reread the agreement...you are right there no warranty on paint or wheels... i was under the impression there was because of one post on the original thread... see k. alexander's posts....

I believe the paint is covered under an optional $500 plan that includes some sort of "clearcoat" that the dealer puts on the vehicle at your convenience. At least this was the case where I purchased my car. They said that if anything at all happens to the paint (obviously not being keyed etc.) that they will repaint any or all of the car at no cost to me.

I went ahead and purchased it. But no extended warranty. I personally never purchase extended warranties. The finance guy was pushing me on it for like 30 minutes.. kinda starting pissing me off. I figured somehow it was in his best interest to do this? Some sort of kickback?

The more sleazy finance guys really push that extended warranty hard because they make a huge profit on it. Mine mentioned it and when I said I didn't want it they left it alone after that.

No extension of any kind of warranty. I was literally in the F&I office for less than 15 minutes. The gentleman that I was working with just showed me a piece of paper with four "add on's" that I could purchase (extd. warranty, vin etching, wheel/tire warranty and a paint sealant contract,) but we did not discuss any of them. I have no idea of the different level of warranties that were options to pick in the poll.

Jerry Lundegaard never even pitched the paint sealant deal with me. Funny thing, he had nissan motor credit on the phone asking about a vehicle that was not in inventory. jk, Fargo joke. :p

Dad had a thread regarding these matters too. Hopefully, he'll chime-in here.

No way would I buy an extended warranty! It's just a rip off for the vast majority who buy it. If you don't have faith in the product/item your buying, don't buy it!
http://www.the370z.com/24785-post25.html

After my 3years/36k miles was up, stupid little things on my 03-350z started breaking. I didn't get the warranty on that car because I thought, I wouldn't need it.

This car has a lot more technology in it than my 350Z had, like the bluetooth functions, and Nav Screen that controls practically everythign in the car so I decided I better get it. My dealer wasn't selling the Security Plus they sold a version called PAS (Partners Administrative Services)

I spent about $2500-$3000 fixing little crap here and there that wouldn't bother most people but I am pretty picky about keeping everything working like new on my cars. This time around I got the Warrantyfor my 370Z. It's the platinum warranty and I paid $1600 for it. It covers everything that broke on my 350Z. It does have a $100 deductiable per visit so if it's tolerable I'll wait for a few things to break to make sure it's worth my time/money to get fixed.

Things that crapped out on my 350Z:
1. Window motors both Driver/Passenger
2. Hatchback Struts
3. HVAC Amplifier Control (Expensive little f'er)
4. Rear Defroster
5. The sensor in the fuel line that tells you when you are full/empty would never read just right
6. Stereo stopped playing CDs (got aftermarket anyways but still I don't plan on going that route with the 370Z)

But there is no need to buy it at time of purchase, you can buy it at anytime before the original warranty expires.

When I was told that I was approved to buy my 370z (with 20k down cash) the F&I guy tells me what my monthly payment was after he was "nice" enough to add in the extended warranty without even asking me if I wanted it. After I let him go on and on about what the extended warranty covers I flat out told him that I did not want it and that the 3yr/36k was good enough. He was a little surpised and went back and removed the warranty from the monthly payment

I can see how some people get bullied into accepting these things without knowing how much they are. Thanks to this site, I knew that the extended plans were just ways to increase the dealers profit and probably would of went along with it if I didn't know better.

said no to all :D
ill get it when my 3 yrs/36k is over

Hi everyone... am i mistaken by thinking that the standard warranty that came with the car has a lot more limitations and parts that are not covered in comparison to the gold preferred one? am i the only one that was specifically told that the standard warranty will not cover harsh driving conditions so if you drive it hard you void warrant, while the GP does not care for that? Lastly, going back to the original thread.... how much were you guys quoted at before just saying no? i was quoted $1500 for 100k and 72 months... please let me know

No one can say definitively that the extended warranty is worth it or not. The insurance company that offers it sets a rate based on probabilities based on a lot of things including past experiences with the manufacturer and preceeding model. They also earn interest on the float (you pay upfront, they hold and invest the money until or if it pays out a claim). What you pay for is peace of mind, a known $ figure upfront for repairs, and spreading out the premium over months if you financed. That is worth different things to different people. The key is to minimize the commission paid to the dealer, so just negotiate it as you have done with the car. It may also help to resell your car, especially since the Z is such a high volume production car. I personally would be more inclined to buy extended warranties when the car is in its first model year.

i paid 2500 for it. after thinking about it i decide to cancel. if u cancel within a month of owning the car then u get 100% of it back. which i did cancel and got the 2500 back.

I bought it for 1,700 with my car for the best package, called nissan and cancelled after seeing these prices from another nissan dealer....

you can buy it the day before your factory warranty expires and it doesn't have to be issued at your local nissan dealer!

Nissan Extended Warranty - Serra Nissan

No way no how. When I sat down with the finance guy I told him I didnt want anything extra at all. When he asked why I told him they were all bs and a waste of money. "Paint sealant" is an even bigger bunch of bs and it pisses me off more to hear that tripe because Im pretty heavy into detailing. Now if a bunch of stuff starts breaking before 36K I might pony up and get it, but if not, and I dont see that it will...

Negotiate! Everything is negotiable

He's right, you know about 50% of the cost of an extended warranty goes to the dealer. I wouldn't mind getting one, if they seriously came down on the price. You just need to know what other people have paid, and what it's actually costing them.

It's just like how you don't walk into a dealer not knowing the invoice price of the car, and how much it cost the dealer to buy. If you know that, and you want that car/warranty, you can bring them down on the cost.

Honestly, I'll be interested in it when I get my Z, for the sole fact that it's got a lot of technology in it, GPS/Bluetooth. I'm in I.T., so I can predict that these things will have issues after 36K, and that Nav system could easily set you back 3K if it completely fails on you.

I don't bank on having any mechanical issues with a new car.. they build those things too well. It's the electronics. I have several family members with cars having over 200K miles, and still no major breakdowns. The rest of the car usually goes well before the engine gives up.

We have one car in our parking lot that the rear axel became detached from the rest of the vehicle. The engine still works great, it's the body that's falling apart.

I was quoted $4500 for the Gold Preferred. He pushed it pretty hard, reluctanly told me I didn't have to decide there on the spot. Told me I had 90 days from the date of purchase to buy the extended warranty.

so the question now is how much has everyone paid for what plan? so we can go in informed.

so the question now is how much has everyone paid for what plan? so we can go in informed.

it sounds like 1500 is the low end, with a staggering 4500 being the rediculously absurd high end.

thanks!

anyone else able to chime?

I plan on getting the extended warranty towards the end of the 3/year standard warranty. Also, as an FYI I believe the motor/tranny are covered for 5 years. I'll dig up more info and post it up.

While I agree with Robert Nash's point on warranty being a margin generating beast - I still purchased it. I did the same on my Porsche 996 and it more than paid for it. Pretty much one major incident and I feel good about the money spent. Given the nature and intent of my NISMO, I expect to expose it to "harsh driving" and having this just makes me feel a bit better so like most insurance, I'm buying peace of mind vs. a hard product.

Adding:
Purchased Security Plus Gold Preferred and paid $2,495 (I know, I know... profit for them but, I intend to use it!)

i paid 2,500 for gold perfered,imo i think its worth it as it covers way more than standard. 100k or 6yr, only drive about 12k miles a year, so im covered until my finance is done which is 6 years, after that im gettin a newer Z =]

from what i read, if you have MBI (mechanical breakdown insurance) which is usually part of a comprehensive insurance plan, you are already covered for most, if not all of what the extended warranty covers.

Yeah, Extended DOESN"T mean above and beyond. You already have bumper to bumper the minute you drive off the lot. Extended Warranties SHOULD be purchased right around the time your original nissan warranty is going to expire. Otherwise you may be wasting money. It doesnt take effect until the original expires anyways so if you no longer have the car due to accident, stolen, or you just trade it in you ONLY get back a pro-rated amount of the premium. Makes NO sense. IMHO..

You also can transfer it, so if you get into a jam or just feel like trading your car in or selling it to a private party, it adds some trade-in or resale value. Granted, it might be worth it just to sell it back and get that pro-rated premium, but peace of mind(the reason people buy these) carries quite a premium itself.