Extended Warranty

 
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I bought my 2012 Elantra in October. I didn't want the extended
warranty at the time but I did ask about it. My salesman wasn't really
informed about it and told me they had all kinds of warranties but he
wasn't sure about them. He offered to bring someone over to talk to me
about them. I told him to forget it, I wasn't interested anyway.

I bought the extended warranty for my 2004 Sonata. It was the best
warranty they had at the time. It was about $800. The 2004 has almost
90,000 miles on it. My warranty has covered a few repairs. A bad
pulley running the belt, a leaking front end part (grease boot
cracked) and a bad coil. I probably broke even on the repairs, maybe
came out ahead if the dealer would have done the work. : )

Anyway, I get a letter from my salesman to call him and ask about an
extended warranty. I call and they say he no longer works there but
put me through to someone who knows about the warranties. The guy
proceeds to tell me they offer a 10 year, 100,000 mile "wraparound"
warranty, a "key protection" warranty and a "Tire Protection"
warranty.

He's going to look my car up and see what the price would be for each
one. I doubt I'll get any but I would like to see what the price would
be for each.

Has anyone bought any of these warranties? I did tell him I want some
type of spare tire, either a donut or a rim, even a steel one I can
mount a tire on. I can't see driving a car with no way to fix a flat
tire, even though I haven't needed one in a long time. I am of the
belief that a spare tire is a necessity, not a luxury.

Re: Extended Warranty

On Wed, 25 Jan 2012 16:14:03 -0500, Brian Matthews


Warranty companies are in business to make profit.  I've heard many
bad stories about difficulty getting coverage when things happen. Only
once did I hear of an owner coming out ahead on a Volvo .

Put that money into a bank account and add to it every time you are
asked about buying one for anything you buy.  In a few years, you'll
have a hefty emergency fund that will cover most any repair or
replacement.  

Re: Extended Warranty


Ed's advice is probably sound, however I must admit that I have done OK
on extended warranties on the 2 vehicles for which I had repair work
done under the warranties. We purchased a used 2002 Elentra GT and
before the 100k mile mark I ended up saving about $800 to $900 over the
price of the warranty in repairs (mainly because my son was hard on the
car and it was parked outside in the TX sun which caused some electronic
parts to fail early).  The other was a Honda and some fluke problems
ended up making the warranty worth it.
   Given Hyundai's 10 yr/100k mi power train warranty (which should
cover the transmission and engine, right?) I wonder why you would want
an extended warranty.... assuming that the warranty on electronics/other
stuff is at least long enough to address stuff like the "Genesis
electrical nightmare"s some folks have posted on this group.

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Re: Extended Warranty



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If an extended warranty was only about $800 like it was on my 2004
Sonata, I would probably buy it. But get this, I got an email with the
prices for extended warranties that they offer now, which I will not
be buying;

"The price of a 120,000 mile or 10 year extended bumper to bumper
warranty is $1895 and a 5 year unlimited mileage Multishield
Protection Package which includes Ding and Dent, Wheel and Tire and
Key Care Protection is $695."

For that price, they should cover everything from windshield wipers to
brake pads. There's NO WAY I would spend this type of money for
something that <may> go wrong.


Re: Extended Warranty

On 1/27/12 11:12 AM, in article afm5i7hebkab0pqm6h0at7qh9j99fhti2h@4ax.com,


I put $20.00 a month away when I buy a new car and never have a problem when
the warranty runs out, almost like free money, never miss the $20 a month.


Re: Extended Warranty

My $.02 worth:

I've purchased the factory (Chrysler) extended warranties for many new
vehicles and always made out well.  In one of my wife's cars (a 99
Durango w/everything) they had to replace the entire HVAC system
inside and under the hood.  Cost me nothing.

When I purchased my '01 PT Cruiser I thought I would save some bucks
so I purchased an after-market warranty (Warranty Gold).  1 Year
aftwards they filed for bankrupcy and poof!!!  

I now drive a couple of Hyndai Santa Fe's with the factory warranty
and all is well.  So, I'd recommend the factory extended warranties if
you're nervious about costs.  But in my experience the cars are much,
much more reliable now than in the past.

B

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