2006 Ram 3500/Cummins, 500 miles.
I'm looking to get an extended warranty on the above vehicle. I'm not
that much into car stuff, but one of my car nut friends has
recommended aftermarket extended warranties.
Anybody have any opinions or recommendations? I figure the warranty
is only as good as the company writing it, so, although price is a
concern, I do want a solid company.
Thanks for any help.
Your engine is warranted to 100,000 miles. Parts of the truck are emission,
so that warranty is longer than the factory. I'd suggest the extended
factory warranty, stay away from the aftermarket outfit's.. Don't jump at
the first price they quote, there is plenty of room to negotiate.
Crap - absolute crap. IMO, the only thing worth it's price is the factory
service contract. Shop around online - you can find a 7/100 Maximum Care
contract for about 40-45% off of the retail price. When I bought my '03, my
dealer offered me his price on the contract. I showed him where I could buy
it cheaper, and they price-matched (making something is better than
The contract has almost paid for itself, as I had an AC evaporator leak on
me a few months ago (out of the 3/36 standard warranty). That would have
been about $1,500. One more incident, even minor, and it'll pay for itself
There are a ton of electronic systems in the newer trucks - many of which
you can't fix yourself.
Sure - buying one is a gamble, and some will say take the money you'd use to
buy the service contract and stick it in the bank as an emergency repair
fund. Me? I say you're buying an expensive vehicle - factor in an
additional 3-5% for complete peace of mind.
How much money could you have made by investing that $1500 in the stock
market over 3 years? If you had placed it in a Dow Jones Industrial Average
index fund it would be worth about $2000 buy now. An S&P 500 index fund
would be worth about $2200. The stock market goes up and down, but over the
long run it always goes up.
IMO they only sell you an extended warranty because the seller makes money
from it. They compare the cost of all the claims against the money they
collect from all the contracts and in the end they show a profit. It's
similar to insurance but without governing laws and an insurance
commissionar to oversee those laws. I _never_ buy extended warranties for
Sure I would, and health insurance and life insurance. The laws I was
refering to were the ones the insurance companies are subject to, not the
ones that the insured are subject to. I have no problem paying insurance
premiums when I may never make a claim - after all insurance covers
unforeseen events. As far as I know there are no regulations covering those
who write extended warranties other than the laws that govern contracts.
The chances of something failing that is covered by the extended warranty is
very small otherwise they wouldn't offer it.
Well, you must have a bunch of money. Unless of course, you don't keep your
products beyond the original warrenty. My samsung dlp widescreen 1 month
out of warranty goes on it's ass. Guy comes out and say's yup it's broken,
gonna cost $1,500 for a new whatever the hell it is (looked impressive as
hell). Anyway in the past 6 months they have put 2 more into the set. Do the
math. Oh, the xtended warranty was $250.00. Money well spent imo.
To me a extended warranty is like insurance, you hope you never need it but
are damn glad you have it when you do. Sure an extended warranty on
something under $1,000 I'd probably walk away from. But a truck that is
worth in the area of 30-40+K. If I plan on keeping it beyond the makers
One thing to remember the DC extended warranty does not have to be purchased
at the time of sale, I believe you can buy it any time during the initial
warrenty, although it may cost a little more. So, you have some time to make
up your mind.
At the time of closing, the Dodge guys did bring it up. The 100K
warranty was just over $3,000. To their credit, they didn't push it
on me, only mentioned it. I'm guessing it's because of the new A-hole
my wife ripped them for the crappy stunt they pulled during
Anyway, in my online search, it looks like the same warranty can be
had for about $1,200, through a Dodge dealer up north. I think I'll
give the original dealer the option of matching it.
As far as extended warranties go, I generally pass on them. They may
work, but I find the hassle of dealing with the warranty companies not
worth it. I just go out and buy another. But when I look at the
potential cost of repair of a truck I fully intend to drive over the
100K mark, I think it's worth it. Hopefully I won't be one of those
nightmare cases I've heard about, but with my luck, I'm buying the
So far I'm very happy with the truck.
that is a pretty limitted viewpoint. first, you are absolutely right
that the companies that sell extended warranties do so to make a
profit. did you think they should do it because you are a good guy
and they wanted to do a favor for a good guy? look, the only reason
dodge makes trucks is to make money. what's the problem with that?
evertime extended warranties are brought up, that is the biggest
complaint. how stupid can that be? for crying out loud folks, what
isn't built for a profit (well.......ok........maybe the government).
as for extended warranties, everyone has an opinion on it. for me, i
consider the cost of the extended warranty against what i have to lose
if the particular piece breaks. i don't buy extended warranties for
most electronics because most electronics are now throwaways. if they
break, you are better off getting a new one. but if its a real
expensive thing i would consider it depending on what the warranty
would cost. i bought an extended warranty for my rv. the cost of the
five year warranty was less than what one appliance would cost if it
broke. gives me a little peice of mind i guess.
i think the most important thing is to buy it from a good company. you
would be surprised at the number of companies that come and go in the
extended warranty field. it won;t do you any good if the company you
bought the warranty from goes out of business.
I'm not opposed to anyone making as much money as they can (or as little as
they want). I just think that most extended warranties will never be used
and the seller of such knows it. IMO it's like agreeing to pay 10% (or what
ever) above the list price.
I'm not opposed to anyone making as much profit as they can. I just think
that extended warranties are for suckers (with the possible exception of
Roy's wide screen TV as mentioned in a previous post). I have noticed
several times when I'm shopping for a large ticket item the salesman will
say something like "this is a great product...lasts forever" then when it's
time to put the money down they say "I strongly suggest the extended
warranty." Huh? If its so good why do I need to pay more for a warranty
that you said it wouldn't need? Furthermore, I remember a report about a
large electronics retail chain who taught their sales people to really push
the extended warranties because that's were they make most of their money.
IMO most modern car and truck manufacter's build very reilable stuff.
I respect your opinion and experience (which in this case is much greater
than mine). I never would have used an extended warranty on any product for
which it was offered to me. Maybe I've been lucky (though I don't much
believe in luck). What kind of vehicles to you work on that you see
extended warranties "pay off" on a daily basis? I want to avoid those
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