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re: Folks who don't buy an extended warranty are asking for it...
Posted on 6/12/25 at 7:29 am to profdillweed
Posted on 6/12/25 at 7:29 am to profdillweed
All depends on how much you drive.
Myself... work is 10miles away. I have a 2021 denali 2500 did not get extended warranty. Only have 40k miles on it now
Wife just got a 2025 traverse, got her the extended warranty because her work, she will put 15-20k miles on it in a year
Myself... work is 10miles away. I have a 2021 denali 2500 did not get extended warranty. Only have 40k miles on it now
Wife just got a 2025 traverse, got her the extended warranty because her work, she will put 15-20k miles on it in a year
0
Posted on 6/12/25 at 7:48 am to themetalreb
quote:
So in less than 2 years his Denali will be completely out of warranty
You can extend them while it’s in good condition and still under warranty. Call the dealer.
Posted on 6/12/25 at 7:57 am to JumpingJack
quote:
3rd party floozie
Remember earlier in this thread when I said there was so much disinformation in this thread I didn’t know where to start? The manufacture writes their extended coverage through 3rd party companies, with one exception. Ford’s ESP warranty.
Posted on 6/12/25 at 7:58 am to themetalreb
What’s your typical commission on one sale?
Posted on 6/12/25 at 8:00 am to themetalreb
If I'm buying a Ford or GMC, I'll be shopping for extended warranties. Along with BMW, Audi, etc
Posted on 6/12/25 at 8:05 am to clamdip
quote:
$1800?! At a dealership, maybe. Why would anyone who is not a blue haired granny take their car to a dealership for a water pump?
A lot of vehicles have the engine parts buried deeply under other engine parts. Replacing one part means removing 5 others, often with specialized tools.
An edited YouTube video can make it seem like a 40 minute job. But for someone who does that kind of work only once every 4-5 years, that can consume hours more than professional mechanics can do it.
I think a lot of these people just buy vehicles with poor reliability histories or buy used vehicles that previous owners maintained with low quality parts.
I started buying new vehicles about 25 years ago, with the plan to keep them well beyond 250,000 miles. In that time, I have never had something like a water pump needing to be replaced on either vehicle that made it that far. I’ve only replaced batteries, hoses, belts, and a few other minor repairs, considered to be routine maintenance.
Then again, I’ve never owned a GM, Chevy, Jeep, or Dodge. Consumer Reports has been by bible for car buying. Toyota has been the tits for me.
Posted on 6/12/25 at 8:28 am to themetalreb
quote:
Darth, the only posts I’ve downvoted in this thread is yours baw…
Called it.
quote:
BTW, the disinformation in this thread is unreal lol
The disinformation is from you and the warranty people. It is the most simple thing in life once again - they are selling warranties to make them money, and not save you money. Just like Vegas, the house has the edge.
I even tried to explain in detail how an extended factory warranty works. A 5 year extended is only a 2 year extension of the standard 3 year. Most drive trains are coming with 5 year already, so you are just warrantying all the non-engine (bumper to bumper) which is going to cost much less than power train issues.
Back in the day Mopar had a legit lifetime warranty you could get. They eventually quit offering those, as it was a money loss for them when it played out.
It is your money to do what you want, just do not come in a preach and condemn people that do not. Financially speaking, extended warranties are a waste of money. If it gives you personal peace of mind, then go for it. We all do things that gives us a better, safer feeling.
Posted on 6/12/25 at 8:34 am to themetalreb
I just bought the cheapest dehumidifier and added a 4 year warranty because I know it’ll break after year one. Does that count?
Posted on 6/12/25 at 8:38 am to TigerGman
quote:
if
Posted on 6/12/25 at 8:39 am to TigerGman
quote:
Jeezuz man, it's just like insurance. You have any idea how expensive repairs are today? It's next to impossible to do it yourself, so you;re screwed if anything happens.
God Dammit this is all 100% incorrect.
It is not like insurance. Insurance is always there as long as you pay the premium. Extended warranties are financing repairs you may not even need and they have an expiration date usually not all that long after the standard warranty expires. Extended warranties have the highest margins out of anything the dealership sells. It's putting a deposit down on work that you don't know you'll need and they keep all the money if you don't use it.
You are not screwed if anything happens. I have been working on my own vehicles my whole life. I'd rather work on the new ones than the old ones, diesels included.
Posted on 6/12/25 at 8:40 am to OweO
quote:
I would suggest to anyone who thinks they have to spend money on an extended warranty to instead put.. I don't know.. $2-3k on the side and then each month put $50 into it. If you ever need to get something done to your car, use that money. If you don't ever have to tap into that money, its still yours, but if you like giving your money away then obviously feel free to get an extended warranty.
That is a very logical and sound decision. You would not need an extended warranty until after the factory expires, on a new car that is 3 years normally
Applying OweO's logic, if you invested $2000 in VOO 36 months ago and added $50 month for the next 36 months, you would be sitting at $5,247.42. $3000 of that would from the initial $2000, a gain of $1000.
If you extend that to 60 months back it grows to $7,758. That is your proper gamble. Maybe you dip into it years 4 or 5 for repairs, if you do not there is a little investment for you.
The goal in life is keep your money working for you and not someone else.
Posted on 6/12/25 at 8:56 am to themetalreb
quote:
Remember earlier in this thread when I said there was so much disinformation in this thread I didn’t know where to start? The manufacture writes their extended coverage through 3rd party companies, with one exception. Ford’s ESP warranty.
Technically disinformation
There are 3 main types of warranties
Manufacture - even though handled by 3rd parties most times, these are lumped into manufacture and pushed on new car purchases
True 3rd party - You will see these sells on used cars. Some examples, many more out there
Dealer specific - These services are usually the cheapest, but tied to that specific dealer. Stay away.
Posted on 6/12/25 at 9:01 am to themetalreb
I find a subscription to Consumer Reports much cheaper than an extended warranties.
2019 Tundra 36k warranty, sitting at 96k now with no problems ever.
Other cars include a 4Runner, Rav4, Subaru, and Acura.
All Consumer Reports highly rated.
2019 Tundra 36k warranty, sitting at 96k now with no problems ever.
Other cars include a 4Runner, Rav4, Subaru, and Acura.
All Consumer Reports highly rated.
Posted on 6/12/25 at 9:08 am to themetalreb
All I have to say is that they aren't losing money by selling extended warranties.
Posted on 6/12/25 at 9:20 am to DarthRebel
Its also a good strategy for home repairs, etc.. That way nothing catches you at a bad time. Its there for you to use.. Because things will happen.
Posted on 6/12/25 at 9:26 am to DarthRebel
quote:
DarthRebel
You make fair points. Another factor is your personal financial situation. It is MUCH easier for me to pay an extra $40 per month on my car payment than it is to come out of pocket for several thousand dollars in a flash. You may be in a different circumstance. My brother surely is.
This post was edited on 6/12/25 at 9:27 am
Posted on 6/12/25 at 10:01 am to themetalreb
quote:Why? That’s the problem with people and the cost of goods. If people would wise up and stop paying these outrageous prices, changes would be made.
My brother just bought an $80,000 truck
Posted on 6/12/25 at 10:03 am to DownshiftAndFloorIt
quote:
God Dammit this is all 100% incorrect.
It is not like insurance. Insurance is always there as long as you pay the premium. Extended warranties are financing repairs you may not even need and they have an expiration date usually not all that long after the standard warranty expires. Extended warranties have the highest margins out of anything the dealership sells. It's putting a deposit down on work that you don't know you'll need and they keep all the money if you don't use it.
You are not screwed if anything happens. I have been working on my own vehicles my whole life. I'd rather work on the new ones than the old ones, diesels included.
Bullchit--Insurance is only there IF you need it too. So it's just like insurance.
Get a long enough warranty to cover things for years down the road.
You do realize that because that is their highest profit margin that makes it negotiable right? My guess is you'e re too dumb to think of negotiating with them on it.
Ugh. let's see a show of hands how many people on here can work on their own diesel repairs!
Or transmission repairs, or electronic repairs and on and on and on...
Posted on 6/12/25 at 10:05 am to themetalreb
quote:
Another factor is your personal financial situation. It is MUCH easier for me to pay an extra $40 per month on my car payment than it is to come out of pocket for several thousand dollars in a flash
Extended warranties are great for taking advantage of people who are terrible with money management and critical thinking skills.
It's just $40 more a month. Think of all it could save you when you have a failure within the narrow window between factory warranty and extended warranty termination date, if its something that's covered, as long as you got all your oil changes done at the dealership!
Extended warranties are a terrible product for the customer and money printer for the seller. Simple as that. Why is someone who can't afford a few thousand dollars for a repair buying a vehicle with a warranty anyway?
Posted on 6/12/25 at 10:06 am to TigerGman
So just let them throw an extra $5000 extended warranty fee on there huh? Lol
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