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Extended Warranty Coverage Yay or Nay
IHave any of you purchased the extended warranty coverage. When we purchased our Hybrid two weeks ago, it took a ridiculous amount of time and we had to get going. We did everything before we even went to the dealership. We bought the car out of state and wanted to make sure everything was handled before we arrived. They had the car ready but still took over 5 hours on who knows what. I suspect it is a ploy to wear you down knowing you want to get out of there and in our case, we had a 200-mile drive to get home. We left so late we ended up staying in a hotel. (Arrived at the dealer at 3pm and they held up until 8:15).
They presented us with the ability to purchase an additional warranty to extend things beyond the 3 year 36,000 miles. The big item was the electronics since there are so many items on this car and they are only covered for 3 years.
The company they work with is Ally Auto. The Finance person took her time going through all this and the only thing I really saw was you can cancel within 60 days for a full refund. Figured we can sign to get out of there and look more closely at it later.
We will be cancelling but wanted to ask if anyone on the forum has purchased this and any pros cons?
Reading the contract in detail, it doesn't look like it provides for the electronics in the contract only powertrain items, which are covered for 10 years. This contract cost $1,873.
We also signed for a time and wheel with cosmetic damage addendum also with Ally. This one cost $510. My concern about the wheels is road rash. We have a 2017 Niro and 3 of the wheels have rash on the rims. This apparently is covered with the cosmetic damage level. Anyone buy this coverage and have any pros cons?
Appreciate any input.
i just picked up new 2025 Sportage Hybrid this week. I declined the 3 different packages (extended warranty, something about wheels/tires, something about etching/stolen car replacement coverage) the finance person offered to me.Have any of you purchased the extended warranty coverage. When we purchased our Hybrid two weeks ago, it took a ridiculous amount of time and we had to get going. We did everything before we even went to the dealership. We bought the car out of state and wanted to make sure everything was handled before we arrived. They had the car ready but still took over 5 hours on who knows what. I suspect it is a ploy to wear you down knowing you want to get out of there and in our case, we had a 200-mile drive to get home. We left so late we ended up staying in a hotel. (Arrived at the dealer at 3pm and they held up until 8:15).
They presented us with the ability to purchase an additional warranty to extend things beyond the 3 year 36,000 miles. The big item was the electronics since there are so many items on this car and they are only covered for 3 years.
The company they work with is Ally Auto. The Finance person took her time going through all this and the only thing I really saw was you can cancel within 60 days for a full refund. Figured we can sign to get out of there and look more closely at it later.
We will be cancelling but wanted to ask if anyone on the forum has purchased this and any pros cons?
Reading the contract in detail, it doesn't look like it provides for the electronics in the contract only powertrain items, which are covered for 10 years. This contract cost $1,873.
We also signed for a time and wheel with cosmetic damage addendum also with Ally. This one cost $510. My concern about the wheels is road rash. We have a 2017 Niro and 3 of the wheels have rash on the rims. This apparently is covered with the cosmetic damage level. Anyone buy this coverage and have any pros cons?
Appreciate any input.
I do plan to purchase extended warranty from a Kia dealership after I shop best price. This can be done after car purchase.
- I did not buy it for my 1990 Nissan 240 SX but wish I did after costly repairs.
- I did not buy it for my 1999 Toyota Camry and had no regrets
- I did buy it for my 2007 Toyota Odyssey and it more than paid for itself
- I did buy it for my 2010 Toyota Highlander and it more than paid for itself
My reasons:
- I tend to keep my car for a long time (7+ years).
- These new cars have more and more gadgets.
- I bought it for my last 2 new car purchases and glad I did
Replies
I got the tier that covered the electronics. Honestly, I think that's the most important with cars these days. There are so many CPUs that pretty much control everything. Now with a hybrid, it might be beneficial to get extended on the power train just to make sure everything is covered there. Hybrids are expensive to service and you really can work on them yourself like a normal setup.
Just say no to the extended warranty. Just say no.