How much, if any...

[sajohnson]

Oh yes, they want you to finance and get all kinds of kick backs. We paid ours full cash. They offered us a extended warranty. I checked personally he next day with 4 companies and every one of them was $2000 to $2500 Cdn. for the same warranty.

How much did they want for the warranty?

Did they claim that (essentially) the BS is a POS that will fall apart after the factory warranty ends?

Our dealer claimed that we were likely to have a lot of problems and began talking about how much the backup camera costs. Ironically, there is a "customer satisfaction program" that covers the camera for 15 years -- free replacement. I guess they'll have to come up with another potential failure to attempt to scare customers with.

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[lil moe]

Zero. Trade-in was fully paid off. As is the BS.

Ditto

 

[Dannyp56]

When I bought my RAM, I paid 55,353 dollars in 2015 the sticker price was over $68,000. 9 years later I traded straight across for the 2024 BSOB. Which was over $37,000 so not too bad. I still wish I would have kept the RAM.

 

[Ernest T]

When I bought my RAM, I paid 55,353 dollars in 2015 the sticker price was over $68,000. 9 years later I traded straight across for the 2024 BSOB. Which was over $37,000 so not too bad. I still wish I would have kept the RAM.

Damn, prices changed a lot in the early 2010s. I bought a 3500 Dually with Cummins diesel in 2010 for $42,000. I don't remember what the list price was.

 

[Dannyp56]

My dealer got me $13,000 in discounts. I don't think it was on the lot very long.

 

[bushbunnie]

How much did they want for the warranty?

Did they claim that (essentially) the BS is a POS that will fall apart after the factory warranty ends?

Our dealer claimed that we were likely to have a lot of problems and began talking about how much the backup camera costs. Ironically, there is a "customer satisfaction program" that covers the camera for 15 years -- free replacement. I guess they'll have to come up with another potential failure to attempt to scare customers with.

$4200 for 8 years

 

[Unicorn]

And...people think that they are going to keep their vehicle forever so the longer terms are fine...then 2 years later that old car is boring. Do that a few times in a row and BOOOM...big negative equity.

Yeah, screw that. I had my 2014 Forester for ten years. Replaced it at 170,000 miles. I was going to sell it for a few thousand, but right after I ordered my BSBL the CVT went out so sold it to a buddy for a few hundred (over 7k for a new CVT). I figure that with my 11 mile drive each way instead of 32 to 34, I'll only have at most 120k in a decade. I did just under 10k this year, with a 500mi trip, and another 3600mi to the MOAB Offrodeo. So a few road trips and I should still be under 12 on average. Maybe a replacement in 12 to 15 years.

My wife had her Outback for about 11 years with I think about 70k. Her Forester lmdid only last three or four months, but that's because we got hit and rolled by some moron.

 

[sajohnson]

$4200 for 8 years

Big difference, basically twice as much!

That shows how much profit there is in extended warranties.

Buying one is 'betting against the house' -- and the house always wins in the long run. If possible, it's always better to be self-insured.

That said, most of us cannot afford potentially catastrophic events, so homeowner's, health, auto, and maybe life insurance, are necessary.

Auto repairs are a grey area -- some people can cover a major repair (which may never be necessary) but others can't. In that case, a discounted extended warranty probably is advisable, even though statistically the purchaser will likely lose money on the deal (same as other forms of insurance).

Where being self-insured definitely makes sense is with all of the "protection plans" retailers are constantly pushing -- even for items that cannot break, like a bag of lava rock.

 

[Dannyp56]

I think I paid $2500 for the extended warranty on the RAM and never used it. But I think I'll have to purchase an extended warranty for the BS. I'm too old to work on my own vehicles anymore plus you need a computer degree to figure anything out.

 

[bushbunnie]

I think I paid $2500 for the extended warranty on the RAM and never used it. But I think I'll have to purchase an extended warranty for the BS. I'm too old to work on my own vehicles anymore plus you need a computer degree to figure anything out.
That's like me, Owned a repair shop but now I only do minor stuff. I didn't take any extended because if you read the fine print there are a lot of rules and regulations

 

[Arcee]

No negative equity and a minimal loan on the Bronco Sport that will be paid off in the next 2 months. Traded in a 10yr old vehicle that had already been paid off for over 5 years. Plan to keep the Bronco Sport for 10 years as well and then move on to the next vehicle in 2036.

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