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Old 06-24-2014, 11:17 PM   #121
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Originally Posted by robnplunder View Post
You are correct and it covers to 100k/10 years.
One thing about these plans is to be diligent about maintaining the car on time within the manufacturer's posted schedule (in your owner's manual). The downside of this is the possibility of being denied coverage if a failure occurs.
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Old 06-25-2014, 01:24 AM   #122
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I hope you negotiated hard on the $2k because there is a lot of margin in those contracts. I my prior life I had some clients who wrote those contracts and they were big moneymakers for the clients.

I bought one once for the first 4WD vehicle I owned as i was concerned about expensive 4WD repairs. It ended up being $800 flushed down the toilet and I learned my lesson.

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Originally Posted by robnplunder View Post
On a new car I bought recently, I've bought an extended warranty for $2k to cover up to 10 years/100000 miles.
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Originally Posted by aja8888 View Post
It's more than likely not an "extended warranty" but a 3rd party insurance contract to cover non-routine repairs (normal maintenance is excluded - mostly wear items like brake pads, muffler, catalytic converter, timing belt, etc). Auto manufacturers don't allow warranty extensions unless they decide (under pressure) to extend a particular item, like Honda did with certain model defective auto transmissions in the late 1990s.

I sure hope the insurance contract period starts after the manufacturer's warranty you paid for expires and doesn't run concurrently.
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Originally Posted by robnplunder View Post
You are correct and it covers to 100k/10 years.
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Old 06-25-2014, 10:18 AM   #123
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I follow the owners manual-and am especially vigilant on fluids. Do not bother with the dealer service packages. I find that targeted items like transmission fluid replacement, oil changes, timing belts are all very competitive at the dealer. I never but those 60,000 mile type service packages. We have had very good and very reasonable service from our Toyota dealer. Same on the Honda. Not so great experience with a Ford dealership but fortunately they were company cars.

Not too concerned about the shop supplies item. I tend to focus more on the bottom line and the high dollar itemized service costs. I cannot control the shop supplies item..other than perhaps switching service providers.
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Old 06-25-2014, 10:49 AM   #124
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Originally Posted by pb4uski View Post
I hope you negotiated hard on the $2k because there is a lot of margin in those contracts. I my prior life I had some clients who wrote those contracts and they were big moneymakers for the clients.

I bought one once for the first 4WD vehicle I owned as i was concerned about expensive 4WD repairs. It ended up being $800 flushed down the toilet and I learned my lesson.
It didn't occur to me at the time that such thing can be negotiated. I was happy to add it given the issues I had with previous two cars after they had 60k miles on them. It's likely a $2k down the toilet and time will tell. If this car turns out to be trouble free between 60k - 100k, I will pass on the extra service contract on the next car I buy .
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Old 06-25-2014, 11:11 AM   #125
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Not being "flip", but my first strategy is to purchase used cars rather than new - and old enough that warrantee is not an issue. I've had reasonable "luck" with dependability (keep your AAA or similar up to date - just in case.) For the loss one takes just driving a new car off the dealer lot, one can replace almost anything (even an engine or transmission) on most used cars.
I agree- bought my last new car in 1991. DH and I have done fine with low-mileage used.

We found a mechanic shop we love via a referral form a neighbor who's a classic car enthusiast. You may be able to find good ones through CarTalk.com, where people can post referrals to good mechanics- I listen to their weekly podcast but have never checked the site.

I'm wary as heck of cheap oil changes. When I was young and stupid I went that route and it was pretty much a way to get your car in so they could find other things that had to be fixed or replaced at inflated prices. I still cringe at what I paid for an air filter (probably twice what it would be at K-Mart Automotive) and it probably just needed to have the dust shaken out of it anyway.
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