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Chrysler Concorde

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#61 of 1243 kenware1 by kenware1 Aug 31, 1999 (5:19 pm)
OK folks, why are you buying extended warranties? Why not take the cash and invest it in a money market fund or other liquid source? If you need to make a repair, you've set some or all of the funds aside. Consider also the best warranty has a 100K mile life. This tells me that Chrysler expects the vehicle to get 100K miles, properly maintained, before repairs exceeding the price of the warranty are needed. They are in the game to make money and they are not going to sell you the warranty if they think they will loose money on it. My view is keep the money in your own pocket, take care of your vehicle and accept the risk of a future repair - it might not come while you own the car. Why pay the dealer $2K or $3K for something that might not even occur?
#62 of 1243 Kenwarel by mimi919 Sep 01, 1999 (7:38 am)
I have to strongly disagree with you about the extended warranty. The main purpose of me either purchasing or leasing a new car is for the peace of mind of knowing that for up to 100,000 miles that any repairs needed will be covered under the new car warranty or extended warranty. Just one repair to the engine,trans,or injection can easily cost well over the cost of the best extended warranty that Chrysler offers...plus the fact that I will be provided a rental at no cost. I am neither a Chrysler lover nor do I dislike Chrysler in any way...they just so happen to mfg. the concorde that I drive...after reading some of the nightmare posts in here and talking to a few others who own Chryslers its a known fact that based on past models that there could be a strong possibility of costly repairs in the future. My ConcordeLXI has 8,000 miles on it and has been a decent car so far but in all honesty I have to say that if Chrysler didn't have the extended warranty I would not have purchased the Concorde. When you take in consideration that after paying the cost of the car and transfer fees and sales tax and finance charges you can easily have over 30,000 invested in your car so the cost of protecting your investment by spending another 2'000for the best warranty really isn't all that bad. I guess the bottom line is if my car turns out to be a trouble free car for 100,000 miles then I made a mistake by taking out the warranty and stand to loose 2,000 dollars but if my car turns out to have major problems in the future then I could have saved three or more times the cost of a warranty. I guess if only we had a crystal ball then we would know the right answer but we all have to do what makes us most comfortable. Good luck with you new car and take care...
#63 of 1243 kenware1 by 401k Sep 01, 1999 (3:56 pm)
For what little it may be worth, I happen to agree with you 100%. I have never bought an extended warranty, and I never will. If I truly felt that a car (or any other "major" purchase) that I was considering purchasing needed to be covered by an extended warranty, I simply would not buy it. Period. As an investment and insurance professional, I can assure you that the risk premium that one pays for extended warranties is FAR too high. Extended warranties are sold because the salesperson often makes more from the sale of the warranty than on the sale of the car. There are (obviously) those people who desire "peace of mind". That's okay, but one has to realize that one is paying a VERY dear price for that "peace of mind". One man's opinion. Tom
#64 of 1243 . by emale Sep 01, 1999 (4:13 pm)
imo, extended warranties are pushed by car makers for two reasons, they are money makers and they help to raise the customer satisfaction rankings. automakers are well aware of the fact that any consumer who keeps his car longer than the original warranty doesn't want to face any huge expenses do to mechanical failure, etc. who do you think is gonna be happier, a consumer who has to replace his tranny at 70k miles (not under extended warranty) or one where the bill is covered by warranty. and which consumer is more likely to purchase again from the same automaker given the above scenario?
#65 of 1243 Kenware..email..401k by mimi919 Sep 01, 1999 (10:42 pm)
I can totally understand your reasoning of why you are against purchasing an extended warranty and in the long run you may be absolutely right.. email...your post truely made a lot of sense and I also agree with you 100% in what you had said. I will give you the reason that I am totally in favor of the extended warranty...,I have been in the used car business and have owned several lots for the past 20 years and with the older rear wheel drive carburetor cars they could last for a very long time and when repairs were needed in many cases they were not all that costly. with the front wheel drive fuel injected cars in my expierence you can spend a fortune on repairs...with in the first 100,000 miles it is very common to have CV problems or fuel injection problems...I always have my vehicle serviced by the dealer and to say the least agency prices are not cheap. I feel that I am easy on a car and always maintain my vehicles properly...I had a 95 car that within the first 60,000 miles needed an air flow sensor and also needed a transmission and the cost of those repairs including my rental car and towing was almost 4,000 dollars. When I look at the true cost of an extended warranty I only do so at the point that i am trading my car back in then I take off the cost of any repairs that I would have had to pay for and then I can figure out how much the warranty would have cost or saved me. Another very important factor that many without a warranty overlook is when you have a warranty you tend to want to keep your vehicle for the entire 100,000 miles knowing you will have no costly repairs during that time....without the warranty you tend to think differently and feel I better replace my car before I have any problems and by doing that you are in reality spending more then the warranty would have cost in the first place. well only time will prove us right or wrong but hopefully all of our Chrysler ownership will prove to be a very happy expierence...take care
#66 of 1243 mile30 by gnixon Sep 02, 1999 (4:59 am)
I was pleased to find this posting site. Today i took the plunge and purchased a 2000 Concorde. Believe it or not I got .9% financing for 60 months. Unfortunately because of the low finance rate the dealer wasnt budging much on the price...negotiated at 24K. Even though i am reasonably satisfied about the price i am going thru major BUYER'S REMORSE". HEELLLLPPPP!!!!! I just wanted to share my experience.
#67 of 1243 gnixon by mimi919 Sep 02, 1999 (7:48 am)
Hi and congratulations on your new Concorde...now is not the time to have buyers remorse now is the time to go out and drive and enjoy your new Concorde....good luck with your new car ..
#68 of 1243 gnixon by emale Sep 02, 1999 (9:08 pm)
did you get the lx or lxi?
#69 of 1243 99 Concorde by hoho Sep 03, 1999 (2:04 am)
I took the car to the dealer today for it's first repair work. 6000 miles on the car to date. The paint on the rims did not cover the rims completely. They replaced all four rims, washed the car and cleaned the inside. They treated my wife with dignity and respect. I know I might get flamed by someone who has not received this type of service from a dealership. But one fact remains, I did. My only concern is that I had to make an appointment to see them. It worked out fine for us though. And when I asked them about this, they said if we had an emergency of any type we would not need an appointment. On the matter of "Extended Warranties". I agree if the money could be placed in a fund of some type that would allow "immediate withdrawal without any type of fines or fees" that is a heck of a good idea. It is not something I thought of when I was considering a warranty coverage plan. The best thing I did was pay for it separately from the purchase of the car so it would not be included in the financing. It would be nice to know that everything we bought or plan to buy is made to last for a long time. It just is not going to happen. I have to wonder if there might be some type of consideration about that during it's design faze. There is quite a bit of money spent on vehicles. And there sure is allot of car repair shops around. I guess they call it "job security" or "economics 101" or "How to keep America employed". Just my opinion, Rick
#70 of 1243 Buyer's Remorse by johnsears Sep 03, 1999 (6:32 pm)
Don't fret. The Concorde is a wonderful vehicle. My '99 LX is great on all key points: looks, highway gas mileage, creature comforts (leather!), storage space, handling, and general feeling of competence. I'm sure yours is equally good. Best 24 grand (new, MSRP) car you can buy, IMHO. Since your dealer had to "participate" in the subsidy of your financing, it's not surprising he didn't feel very charitable on the purchase price. It probably cost him close to a grand -- say $500 direct, plus loss of revenue from sale of the financing contract to a local lender. You dealers out there -- can you help calibrate these numbers? Bottom line: Enjoy the car every day, but especially those days when you write the check.

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