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extended warrenty, is it worth it?

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Old 01-12-2014, 10:22 PM
Pro DIY Pro DIY is offline
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extended warrenty, is it worth it?

So I just picked up a 2007 expy Limited LE with 88,000 miles on it. While I was signing all of the paper work one of the things they offered me was a extended warranty. It was for 60 months / 100,000 miles from the date I bought it. The warranty covered the engine and drivetrain. If I remember correctly it said that it covered all oil lubricated parts as well as a hand full of other major parts of the engine. Same with the drivetrain. The total for it was around $2200. I could pay for it over 2 years at zero percent. Is this something that I should consider? Having a warranty till 2019 and or 188,000 sound kind of good. Do these expys have a common issue with the engine/drivetrain that it might be a good idea to get. The person doing the paper work with me said that I can think about it for a couple of day. Let me know what you think about it.
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Old 01-13-2014, 09:04 AM
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Mud Doc Mud Doc is offline
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First thing to do is find out the name of the warranty company and google for complaints against it. If several pop up, forget it.
And think about it--would YOU actually insure a 6-year-old engine for another 100k miles with the odds of having a problem?
Most of these are ripoffs...
Joe
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Old 01-13-2014, 02:01 PM
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Well, for that price you could almost pay for a reman short block engine...but it doesn't cover all the non-lube parts such as starter, generator, EFI, etc....that is likely to go out 1st. I agree ^...much of the aftermarket warranty is not "of value".
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Old 01-14-2014, 12:24 PM
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berry1234 berry1234 is offline
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Third party warranties are a nightmare. Better to take the $2,200, put it in an account.
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Old 01-14-2014, 12:36 PM
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Quote:
Originally Posted by berry1234 View Post
Third party warranties are a nightmare. Better to take the $2,200, put it in an account.
"Better to take the $2,200, put it in an account" I AGREE
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Old 01-15-2014, 11:09 PM
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Thanks everyone. Just wanted to make sure. Must of been the little devil on my shoulder telling me to get it. Thanks for opening my eyes.
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