Unless I missed something, isn't 5 years X $25 = $1,500 and not $3,000?
Also, is that Candian or US dollars? If it's US dollars, then based on a
.7648 exchange rate as of today, then that's $1,147.20 for two additional
years of warranty which seems high, but certainly not as bad as $3,000.
In my opinion It's quite expensive.
I have a 2001 Cavalier and I didnèt have any problem with it untill now....
Specially that cavaliers are quite cheep to repare compared to civics and
True, but from my experience of what I've seen, civics and corollas
are much more reliable than anything gm makes, so you don't pay as
much over time for repairs. It's true that on a case by case basis it
will cost you more to repair a civic or corolla. But, if your only
repairing them once in a while (if at all in my experience!!!), it
works out much cheaper.
Plus don't forget the resale value. I can't think of anything that
holds resale value as well as civics and corollas do. They definetely
hold their value much better than a cavalier would.
I don't think many people know that 2003 Cavaliers and up have
a 5 year/100,000 klms powertrain warranty that is standard now.
On those cars, I wouldn't bother with an extended warranty unless
you get one that goes a lot further then 5 years/100,000 klms.
Other then the drivetrain on those vehicles, there isn't much else
that will go wrong that will cost you big bucks. Especially if you
get the models with no ABS.
Do some math and figure if you'll be doing $3,000 worth of repairs
during the warranty period. The warranty company is betting that it
will be a lot less. I'm thinking that with a bit of maintenance and
reasonably sane driving you should be able to get by with about $1,000
worth of repairs.
Besides in 5 years how much would it cost you to trade up to a newer
model? In the stock market @ a 15% return rate per year your
"warranty" company with your $3,000 up front could have nearly $5,000
if you aren't able to claim anything (trust me there 'll be a pile of
provisions limiting any claim). So with a base Cavalier going for
$11,000 CDN on the market at the moment and with a 2009 Cavalier
potentially having better economy, power & safety for a nominal
increase in cost, I'm thinking..........
Just my 2 cents
That might be true in Canada at least, but not in the U.S. At least not
that I know of. Taking a look at the warranty documentation for the
2004 Cavalier, it only has a 3 year 36k mile bumper-to-bumper.
Must be a Canadian thing. We just helped a friend buy a 2003 Cavalier
off of the used car lot where I work, and they come standard with the
extended powertrain warranty. I was surprised, to say the least.
Motorsforum.com is a website by car enthusiasts for car enthusiasts. It is not affiliated with any of the car or spare part manufacturers or car dealers discussed here.
All logos and trade names are the property of their respective owners.