Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Auto extended warranty feedback, anyone got one and are you happy with it?
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="SKATA" data-source="post: 4234011" data-attributes="member: 53653"><p>Well here is my two-bits.</p><p>Been driving for 55 years and have only purchased three warranties. And luckily all of them paid for themselves. </p><p>The first one when I bought a custom Dodge from Lynn Hickey himself. Went through 5 air conditioning units. </p><p></p><p>The second time was 8 years ago on a 2016 Jeep Cherokee. They offered lifetime for around $2000. I bought it and it has paid for itself on two fuel injection module problems, engine oil leak, transmission repair, and some kind of front end repair. </p><p></p><p>The third time was two years ago on my 2021 Jeep Grand Cherokee. They wanted around $3,500 at closing for their own dealership warranty, I refused. Then Mopar out of Michigan would call me every few months. I bought the extended last Fall for $2000 and my coverage is 85,000 miles of which I drive around 6,000 miles per year. </p><p></p><p>Dealerships make a killing on the warranty sales. If they use the manufacturer warranty, slimmer profits. That's why you will see them selling their own warranty programs. The financial people could make around 20% commission on the profit margin. </p><p></p><p>Either way it's all a gamble.</p></blockquote><p></p>
[QUOTE="SKATA, post: 4234011, member: 53653"] Well here is my two-bits. Been driving for 55 years and have only purchased three warranties. And luckily all of them paid for themselves. The first one when I bought a custom Dodge from Lynn Hickey himself. Went through 5 air conditioning units. The second time was 8 years ago on a 2016 Jeep Cherokee. They offered lifetime for around $2000. I bought it and it has paid for itself on two fuel injection module problems, engine oil leak, transmission repair, and some kind of front end repair. The third time was two years ago on my 2021 Jeep Grand Cherokee. They wanted around $3,500 at closing for their own dealership warranty, I refused. Then Mopar out of Michigan would call me every few months. I bought the extended last Fall for $2000 and my coverage is 85,000 miles of which I drive around 6,000 miles per year. Dealerships make a killing on the warranty sales. If they use the manufacturer warranty, slimmer profits. That's why you will see them selling their own warranty programs. The financial people could make around 20% commission on the profit margin. Either way it's all a gamble. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Auto extended warranty feedback, anyone got one and are you happy with it?
Search titles only
By:
Top
Bottom