200k Dealer Warranties

[Mortalis5509]

What's yalls thoughts on those 20 year / 200k dealer warranties?

This is for my wife as she needs a car since she totaled hers. From the expensive car thread from last week. She does 25 - 30k miles a year so reaching that 200k within 6 to 7 years is possible.

Have been set on CPO becuase they knock a lot off a new price for a few miles, but that 200k warranty is enticing since she drives a lot.

[clark123456]

Interesting concept.  How much money does it cost relative to the price of the car?

I typically don't prepay for services and goods, such as oil changes or tires, since so many things can change in your life that could make that a throw away piece of paper.  If in year two the car gets totaled, or you decide you need a minivan for an unexpected triplet birth, or you lose your job and have to downsize, or whatever...you still pay for the agreement, but can't use it.

If it cost 10% or more of the car, I'd just avoid it.  1% of the car, I would do it.  Between those percentages, I would just have to read my horoscope and see what it told me to do.

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[tcdawg]

I heard on the radio that the Kia(I think, maybe some other brand) dealership in Cartersville was doubling the regular Kia warranty from 10/100K to 20/200K.

If that type of warranty comes included with a new car then that is a heck of a deal, especially someone that would legitimately put that kind of mileage on it quickly. 

I don't think I would pay for the extra though

[Mortalis5509]

It doesn't cost anything extra.

Rick case does it for anything they have (kia, hyundai, maserati, fiat, mazad, and few others.)

Looked on Google and found a few ford dealers that did it. Look hard enough I'm sure there is a dealer for every brand.

Since it's not manufacturer backed, they can require what they want to keep the warranty and not violate any laws.

[jc79]

I wouldn't make this the basis for your decision. Rather just a nice to have for a car you already wanted. As you stated, they own the terms for the extended portion of the warranty and I would expect them to try and find any way possible not to honor it.


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[Mortalis5509]

Reading a little more, don't think I would bite on anything not manufacturer based. 

Short but to the point article:
http://blog.cargurus.com/2015/06/10/here-comes-the-20-year-200000-mile-warranty

Ran across that last night. Really based on the dealer and It's up to her really. It might be more appealing depending on what she choose.