Extended Warranties on new vehicle via 3rd party companies

JEREMY wrote:

The shocks are ridiculous on them things. 917 buckes a piece now.

Everything is insane now. Burned out taillight $1100! I was quoted $1300 by the Ford stealership to replace the backup cam in Mrs. Grouse’s Lincoln. Freaking insanity.

BTW, the new engine on the 2023 Hyundai I mentioned above is quoted at over listed at over $12.000 installed. I’m not sure if that is the actual price were you forced to pay for it out of pocket, but I cannot see how an installed factory engine would be a penny less than $10k these days. I wonder if you can even do a reman install for less than 10k all in these days?

I’m noticing an interesting trend. With the exception of Full Draw above, the vast, vast majority of guys who actually buy these “ripoff” extended warranties seem to be coming out way ahead on the deal.

And look, I’m not doubting Full Draw’s experience, but IMO good luck buying a 2025 truck (or any other vehicle) and having it go 160k while only replacing a a water pump. IMO the chances of doing 160k on today’s new vehicles without a major out of warranty repair is virtually zero for normal yearly mileage drivers.

I only buy new vehicles and keep them at least ten years. My Explorer is a 2015 and has about 120K miles on it. In my experience it is the electronics that go wrong and they are notoriously expensive to fix. All my vehicles are Fords and I have had great experience with them. But I still buy their extended warranty. I buy from the dealer where I buy my vehicles since I tell myself they will take care of me. I have been doing this since the 1990s and have been satisfied. Good luck.

Bearcat89 wrote:

We used the hell out of our 3rd party extended warranty. That 2016 Tahoe we had was the worst vehicle ever. Before 99k we had the tranny replaced, a few weeks later the motor was having a lifter issue, we had all our air ride replaced, shocks all replaces, even wiggled in new heated seats because they quit working. New stereo because it quit pushing the hidden screen door up, all oil lines replaced, tranny cooler and a few other things. I think we paid 1800 for the warranty and cashed out of it for 17k if I remember right.
Helps having the woman manage a auto repair place. Her business did all the battling with the ext warranty and got everything approved.

The quality discrepancies are absolutely wild, thanks GM. In my garage the 2016 Tahoe has been the most reliable “newer” vehicle we have and the only one that hasn’t seen a flat bed at 130k miles. My 2016 silverado on the other hand… and my 2020 2500hd ate 2 high pressure fuel pumps in 14 days time.

The 2009 malibu is the true goat and just keeps chugging along getting a modest 27 mpg. That car makes me happy.

Bearcat89 wrote:

We used the hell out of our 3rd party extended warranty. That 2016 Tahoe we had was the worst vehicle ever. Before 99k we had the tranny replaced, a few weeks later the motor was having a lifter issue, we had all our air ride replaced, shocks all replaces, even wiggled in new heated seats because they quit working. New stereo because it quit pushing the hidden screen door up, all oil lines replaced, tranny cooler and a few other things. I think we paid 1800 for the warranty and cashed out of it for 17k if I remember right.
Helps having the woman manage a auto repair place. Her business did all the battling with the ext warranty and got everything approved.

I’m right there with you BC. My 2016 Silverado LTZ has had over $9,000 of warranty work done in the last 3 years that I have owned it. The big one being the transmission. This was the first extended warranty I had purchased on a used vehicle and it was by far the best money I have ever spent. I owe the finance guy a case of beer as he more or less insisted that I get the bumper to bumper coverage for the life of the loan due to known issues. My buddy just threw the transmission on his 2017 and was lucky enough to trade it out before it was undrivable. Now they have a class action suite against GM over the 15-19 8 speed automatic in 26 states. Known to go at 100,000 miles. Wouldn’t you know it, mine went at 99,500.

Seems like a waste spending an extra few grand on a brand new vehicle but after factory warranty runs out it dont take much work to get your money back.

One of our company trucks has a CNA National Warranty Corp contract that extended powertrain to 150k. They have been very good with coverage at the dealer. I know a diesel transmission was replaced for $50 and the turbo actuator just went out before the warranty expired and that was also covered for $50. I am sure there were a few other things, but those were the big things. Too bad they didn’t cover when he put DEF in the fuel tank. Talk about $$$$$$$$$

My wife unfortunately “needs” the latest and greatest so she’s rarely in something more than a couple years old and is under a full manufacturer warranty.

My last 2 daily driver pickups I’ve bought with 30-40k on them and some remaining factory warranty. Then as that factory coverage is expiring I assessed how much I trust/like the vehicle and whether or not I should buy another in a similar situation, or ride that one out. The Silverado I had was an easy “ditch it” at ~80k. The F150 I’m in now I have every intention of riding out to 200k and then probably throwing an old flatbed on it and using it as a field/work truck close to home. The 5.0 has been exponentially more reliable and cheaper to run than the Silverado.

I know there are exceptions as noted by many…but more often than not the extended warranties do not pay for themselves if you elected to save that $ instead.

I posted about this here a few years ago, but I added an extended warranty through CNA when I bought my truck used in 2018. Paid about $2500 on it, but the total it has saved me was around $12k. It has since expired, but I will definitely be getting another through them when I get my next truck. The service advisors I worked with all said CNA is the best and easiest warranty company they work with. Never declined anything and the mechanics even added a few things like alternator that was starting to squeak and they covered it.