I was a service advisor for Nissan for several years and have seen the added warranties pay off in the LONG run but one should not buy and extended warranty out the gate. These can be added whenever you want. What most people (in the business) tend to hide or not discuss once you get into the finance office is that you have the factory warranty that protects you for 3 years or 36k miles which ever comes first. That will always be used first and for most as extended warranties will not pay for a repair as long as its under any FACTORY warranty.
Once that runs out there could be an argument made to purchase a extended warranty to get SOME of the bumper to bumper protection back. Please realize that its very rare that an extended warranty will be as extensive as a FACTORY bumper to bumper and if it is you will def pay a premium.
With that a side you still have your FACTORY 5 year 60k mile power train warranty which is still a very extensive warranty and USUALLY covers all MOVING components of the power train. Again an extended warranty will always defer to what covered under your factory warranty before they will pay anything.
With all that being said I honestly do not see any reason to buy an extended warranty until you hit the 5 year mark or the 60k mark as most of your problems will fall under those warranties and if you are having enough issues to where you are using that factory warranty a lot, then I would think about trading it in and getting a different vehicle.
Gap though I tend to always buy it as an option as it is usually relatively cheap (around 300-700 bucks) and if for any reason your car gets totaled and you are upside down in it due to your trade in or not putting a larger down payment on the car then it will save you a ton of money and potentially cause you not to be paying on a loan for a car you can not even drive.
Of course they always offer other options like Paint and Body protection (note this is usually from a 3rd party) yes in some cases this can help a lot. What people tend to neglect is that this is a 3rd party "warranty" therefore the dealership that sells it to you has no liability on it and will defer you to a number to call or a website to go to. Youll then start your claim from there and get to enjoy all that frustration and the 3rd party company will tell you where to go to get it fixed IF it falls under what they consider environmental hazard which is honestly up to interpretation upon inspection.
You will also get presented with Tire and wheel protection which I can honestly say is worth it on the chance you get nails or dents in your rims. I have seen customer receive entire sets of new tires and rims due to road hazards and nails and even getting their rims fixed due to people scuffing them on curbs and things of that nature. I personally do not usually get this as it is usually a premium price and I tend to swap out the stock tires and rims pretty fast.
Sorry for the lengthy reply to this but I hope it helps people out!
Thanks
Once that runs out there could be an argument made to purchase a extended warranty to get SOME of the bumper to bumper protection back. Please realize that its very rare that an extended warranty will be as extensive as a FACTORY bumper to bumper and if it is you will def pay a premium.
With that a side you still have your FACTORY 5 year 60k mile power train warranty which is still a very extensive warranty and USUALLY covers all MOVING components of the power train. Again an extended warranty will always defer to what covered under your factory warranty before they will pay anything.
With all that being said I honestly do not see any reason to buy an extended warranty until you hit the 5 year mark or the 60k mark as most of your problems will fall under those warranties and if you are having enough issues to where you are using that factory warranty a lot, then I would think about trading it in and getting a different vehicle.
Gap though I tend to always buy it as an option as it is usually relatively cheap (around 300-700 bucks) and if for any reason your car gets totaled and you are upside down in it due to your trade in or not putting a larger down payment on the car then it will save you a ton of money and potentially cause you not to be paying on a loan for a car you can not even drive.
Of course they always offer other options like Paint and Body protection (note this is usually from a 3rd party) yes in some cases this can help a lot. What people tend to neglect is that this is a 3rd party "warranty" therefore the dealership that sells it to you has no liability on it and will defer you to a number to call or a website to go to. Youll then start your claim from there and get to enjoy all that frustration and the 3rd party company will tell you where to go to get it fixed IF it falls under what they consider environmental hazard which is honestly up to interpretation upon inspection.
You will also get presented with Tire and wheel protection which I can honestly say is worth it on the chance you get nails or dents in your rims. I have seen customer receive entire sets of new tires and rims due to road hazards and nails and even getting their rims fixed due to people scuffing them on curbs and things of that nature. I personally do not usually get this as it is usually a premium price and I tend to swap out the stock tires and rims pretty fast.
Sorry for the lengthy reply to this but I hope it helps people out!
Thanks
Sponsored