Credit Union Car Warranty vs Dealer Warranty

How much are they charging? Just anecdotal, but I bought a brand new car in 2015 and haven't spent more than $1000 in repairs (the bulk of it being a recent check engine light that wouldn't go away). It may be cheaper to forgo the warranty and take your chances.

If its not a toyota, id probably think the credit union offer is a good deal.

if a toyota, dont waste money on the warranty.

It’s not managed by the credit union, they are just selling it.

It will have little details to it that make it 10x better than a dealer warranty on average

The only warranties I buy if I buy one is one from the manufacturer. Talk them down. Also certain brands any dealer including online can sell you one. I find the best brands for this are Ford and Honda.

Warranties are typically bad investments. But if you really want one, go with the dealership/manufacturer as I have heard 3rd party warranties try their best to not honor it.

Use Google for extended warranties, some dealerships offer them online for much cheaper.

Extended car warranties by far and large are usually worthless. There's some scenarios I might consider getting one - a car I beat up on (high performance/sports car), or a knowingly unreliable brand/specific car. I will say newer cars are getting more and more ever complicated (hybrids, plug in hybrids, tech safety features, etc) and it seems like cars have more issues with the tech going into them now than cars from 10-20 years back.

I got my 2014 Honda Accord brand new in 2014 and have put just under 90k miles on it and not a single thing has gone wrong with it in over 8 years and those almost 90k miles a warranty would have covered.

to even consider one again it would be a certain vehicle and if the regular warranty period wasn't great. I mean even Kias/Hyundais arent that well built but still come with like 10 year 100k mile powertrain warranties. On top of that, how many people are driving out cars to 10 years or more? I bet a lot of folks even buying extended warranties dont always drive the cars out that long.

Depends on what company the credit union uses. Most of the time, it's a shite company like car shield that wants to low ball and not pay for majority of repairs or will find a way to get out of paying for it in general.

Most dealer warranties by and large are good and will pay for majority if not all of the repairs I find.

Example:
Check engine light is on and #3 ignition coil pack is bad. Most shop will charge a diag of 1 hour and say .7 to 1 hour replacement and check after.

Dealer warranty will pretty much pay for it all minus your deductible.

After market (Carshield) pays .3 diag and maybe half hour for replacement and test after. On top of you having to cover your deductible. Also, part markup is gonna be something stupid like 10-15%. Any shop is gonna charge you the remaining balance.

Hope this helps.

I had the same great experience with LDS. I bought a used F250 and they covered all my repairs without any issues. I only paid my $100 deductible.