re: Folks who don't buy an extended warranty are asking for it...

Or you could be not disappointed that you didn't have to repair the vehicle (use the warranty), and still have $4000 (or whatever it cost) in your pocket

Buy a Lexus

For starters you did not say how you paid for the warranty.

0/10

quote:

---

have Autoexcel for my Genesis and just had the dealership take care of a bad fuel pump and sending unit as well as valve cover leaks. $1400 in shop labor and parts cost me $100.00. No hassle and everything handled between the dealership and the warranty company.

Starter went out 2 years ago and again, $100.00 for $1000 dealership shop labor and parts.

I paid $3000 for a 5 yr 60,000 bumper to bumper. Car had 98,000 when I bought it.

---

In your example, you are still under water. You have spent $3200 for $2400 of repairs. You only have 3 years remaining (unknown miles) and are hoping to have another $900 of repairs to break even on the warranty.

quote:

---

The good news is your brother can shop around for an extended warranty. The amount of money he can save by buying the warranty from a different dealership will be yuge. Some dealerships reduce warranty costs because of the number of warranties they sell. He can save thousands.

---

Tell us more about shopping for extended warranty

We hear about having to buy from the factory, and that you should not buy from independence

But you’re saying that you can buy the same factory warranty from a different dealership and that you don’t have to buy it when you purchase the car.

Is that correct?

quote:

---

But you’re saying that you can buy the same factory warranty from a different dealership and that you don’t have to buy it when you purchase the car.

Is that correct?

---

Correct

quote:

---

I drive quite a bit, I just traded in a 2022 with 96k miles bc my 100k mile warranty was about to run out.....i've had a few issues that thank goodness I didnt have to come out of pocket, but I wasnt about to chance going over 100k and something happens and I would have to come out of pocket....frick that

The worst part is the waiting for parts bc everything is on back order, so they keep your truck/car so you dont lose your place in line, wont give you loaner, so you end up having to rent a car.....which the warranty will pay for

---

And you can't even see how its a scam huh? You are trading in a 3 year old vehicle to buy a new one all because your warrenty is running out.

quote:

---

But you’re saying that you can buy the same factory warranty from a different dealership and that you don’t have to buy it when you purchase the car.

---

This is 100% true. Warranties are through a manufacture, 3rd party or dealer. Manufactures that offer warranties can be purchased at any dealer or even sometimes semi-from manufacture. If you go to say Mopar or BMW websites, they list their extended warranties and links to find dealers. They do not care what dealer you use.

Extended warranties usually run concurrent with existing new car warranties. Read the fine print, however a 5 year/60000 warranty is only 2 years and 24,000 added past the new car 3year/36000 warranty. The warranties are start at initial purchase. If buying used the mileage stops, but time keeps on going. If you purchase a 2022 car with 5000 miles, that 5 year extended is only 2 more years. That is specific to manufactured extended warranties and Certified pre-owned come with better option. CPO cars will run several extra $1000s over non-cpo, so you are paying for that warranty anyways.

3rd party or dealer warranties can begin from purchase date of a used car, however they are suspect in many ways on what you get for service.