- Joined
- Apr 2, 2006
- Messages
- 11,212
Holly - it was good to see you posting in TooPatient's thread about a car trade-in. One thing you posted caught my eye... I'd really appreciate the chance to get more of your insights on this:
My situation is this: I've bought two brand new cars in my lifetime, and in neither case did I buy the extended warranty. However, I've just bought a 2-year old used car, and for the first time ever I'm seriously considering the extended warranty. (I understand I have about a year, until the original 3-year bumper-to-bumper warranty runs out, to buy it.)
The car I bought is a 2013 Ford C-Max Energi, a plug-in hybrid, with about 20,000 miles on it. I'm the car's second owner (I suspect it came off lease). I was able to see both the 162-point inspection notes and the car's maintenance records. I bought the car from a Ford dealership so it's a certified pre-owned car. there were no major problems noted, they did replace the front tires... which could indicate either unusual wear or an un-diagnosed alignment issue. Ford has marketed the C-Max in Europe for about a decade, the 2013 model is the first to be offered in a plug-in hybrid version.
The dealership certification gives me 12 months of bumper-to-bumper coverage, and roadside assistance, from my purchase date. Because I live in California I also get 150K mile coverage on the emissions system. However, the hybrid engine is heavily dependent on the on-board computer, and I've been told that the computer is not considered part of the emissions system for warranty purposes. (Which I think is bunk - and an interpretation that will crumble at some point. I wouldn't want to be the one to make the case, however.)
My last car was a MINI Cooper, which I also bought in the first year it was introduced. What can I say? I''m a sucker for new and shiny! But I did have to deal with two "new model" issues that leave me a little concerned about owning a new tech car again, even though I'm loving the car and especially the plug-in hybrid aspect of it.
So I'm considering getting the extended warranty - which would give me full coverage to ten years - because I'm essentially dealing with a new model and new-to-Ford technology. I wouldn't do that The extended warranty would be transferable, for what that's worth. I would wait as long as possible to purchase the extension, however... I do have a few reservations about this car generally, and there's a slim possibility that I'll trade it in before my first year is up.
So... under those circumstances, would you still argue against the extended warranty?
HollyS|1436587087|3901527 said:I worked many years in the car business, so here are my thoughts:
...
Also, NEVER again -- and this is for everyone reading this -- purchase extended warranties or other "insurances" on a new vehicle at time of purchase. They can be bought separately at any time, apart from your contract, so you are not paying interest on these "after market" add-ons. Really, only Gap insurance is worth buying. I know whereof I speak, I promise you.
My situation is this: I've bought two brand new cars in my lifetime, and in neither case did I buy the extended warranty. However, I've just bought a 2-year old used car, and for the first time ever I'm seriously considering the extended warranty. (I understand I have about a year, until the original 3-year bumper-to-bumper warranty runs out, to buy it.)
The car I bought is a 2013 Ford C-Max Energi, a plug-in hybrid, with about 20,000 miles on it. I'm the car's second owner (I suspect it came off lease). I was able to see both the 162-point inspection notes and the car's maintenance records. I bought the car from a Ford dealership so it's a certified pre-owned car. there were no major problems noted, they did replace the front tires... which could indicate either unusual wear or an un-diagnosed alignment issue. Ford has marketed the C-Max in Europe for about a decade, the 2013 model is the first to be offered in a plug-in hybrid version.
The dealership certification gives me 12 months of bumper-to-bumper coverage, and roadside assistance, from my purchase date. Because I live in California I also get 150K mile coverage on the emissions system. However, the hybrid engine is heavily dependent on the on-board computer, and I've been told that the computer is not considered part of the emissions system for warranty purposes. (Which I think is bunk - and an interpretation that will crumble at some point. I wouldn't want to be the one to make the case, however.)
My last car was a MINI Cooper, which I also bought in the first year it was introduced. What can I say? I''m a sucker for new and shiny! But I did have to deal with two "new model" issues that leave me a little concerned about owning a new tech car again, even though I'm loving the car and especially the plug-in hybrid aspect of it.
So I'm considering getting the extended warranty - which would give me full coverage to ten years - because I'm essentially dealing with a new model and new-to-Ford technology. I wouldn't do that The extended warranty would be transferable, for what that's worth. I would wait as long as possible to purchase the extension, however... I do have a few reservations about this car generally, and there's a slim possibility that I'll trade it in before my first year is up.
So... under those circumstances, would you still argue against the extended warranty?