- #4838 of 4893
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Re: bias [smithed]
by coolrunning
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Apr 18, 2008 (5:56 pm)
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Replying to: smithed (Apr 18, 2008 4:45 am)
You like to keep a good car for a long time. I think if you can afford to do it, get the new car with the lifetime warranty and be happy. If economics are a bigger concern, you might consider keeping your 2006 300C and buying an extended warranty for it. However, in my experience, I have purchased several of these extended warranties and they never really paid out anywhere close to break even. One warranty cost me $1700.00 and I had one $300.00 claim (of which only 178.00 was covered). What I have decided to do is forego any extended warranty and just depend on the quality and durability of the car I buy. I don't buy "baseline" stripped models, and I upgrade to better engines, transmissions, packages when possible. You get more car in the long run, and I have not had a problem with my 2006 300C's (I have two Heritage Editions) other than the tiny transmission oil leak that was fixed on both with a 50 cent O-ring. I cannot justify buying an expensive extended warranty (or trading off a perfectly good car) because I am afraid of potential repairs. Instead, I can set aside what I would have spent on the warranty or the cost of trading up, and use it to fix what ever breaks after the 3 year/36,000 mile warranty expires. So far, I have never had to spend more than a couple of hundred dollars on repairs on my 1999 and 2004 300M's and didn't trade them off until they were approaching 100,000 miles. If you really think you are going to need a lifetime warranty because this is going to be your last new car, I would opt for the new car. It is just hard for me to imagine myself keeping a car for 17 years. My first car was 14 years old when I got it, and I had it for 3 years... I usually keep a car for between 6 and 10 years maximum, but it depends on the mileage. I get a little worried about major repairs when a car nears 100,000 miles. It is hard to justify putting a new engine/transmission in a car with that many miles on it unless it is a collectible or classic. (Perhaps the new Challenger?) 
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- #4839 of 4893
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Re: bias [coolrunning]
by xtec
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Apr 18, 2008 (7:15 pm)
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Replying to: coolrunning (Apr 18, 2008 5:56 pm)
When you said you buy the upgrade model,that is more reason to buy the extended warranty.The more the car has the more chance that it will need repair.I have the Extended warranty on a 08 Jeep liberty with the unlimited powertrain.There are alot on parts that are not included in the powertrain.Plus I have the extended warranty on my 06 Charger SXT,of course the Charger has the 3/36 warranty.I think its good insurance,there are all kinds of modules that control mostly everything.And you can negotiate the price on the warranty.
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- #4840 of 4893
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Re: bias [coolrunning]
by nvbanker
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Apr 21, 2008 (9:25 am)
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Replying to: coolrunning (Apr 18, 2008 5:56 pm)
Cool is right on with the extended warranty comments. With few exceptions, claims rarely exceed or equal the premium/cost of the policy. Extended Warrantys are just insurance policys, and if the warranty costs $1700, unless you have an engine or transmission failure, most other repairs will not come up to that. If your car has enough problems to equal the cost of the warranty, you should probably get rid of it anyway. It's not going to be serviceable long term. YMMV, but the reports I've read all state the same thing - that you are generally wasting money on EWs.
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- #4841 of 4893
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Re: bias [nvbanker]
by xtec
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Apr 21, 2008 (12:15 pm)
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Replying to: nvbanker (Apr 21, 2008 9:25 am)
I paid $800 for the Max care warranty.It wouldn't take much to get that back on one repair.A transmissiom job is about 1500,that alone would be worth it.Plus any computer would cost some good change.I'll stick with the extended warranty.I read alot of people on this forum as well as others where they would benefit if they had the warranty.I bet you have life insurance.With your logic you shouldn't have that either.
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- #4842 of 4893
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Re: bias [xtec]
by mzmoniquerenee
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Apr 21, 2008 (6:14 pm)
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Replying to: xtec (Apr 21, 2008 12:15 pm)
I agree with you. I purchased an EW in December '07 my 300Limited w/Touring Package was 22 months old with 35K and so many factory upgrades and creature comforts. I thought it was my best bet for the price! While I have not had any major problems. I will tell you when my UConnect decided to stop working and I could not take hold conference calls in my car it was a huge inconvenience. It took my local dealership 4 attempts (2 new rear view mirrors) to finally repair it and that was under the original warranty. I thought to myself I am not trying to shell out any additional money for car drama.  besides basic maintenance!
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- #4843 of 4893
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Re: bias [xtec]
by illini4
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Apr 22, 2008 (9:52 am)
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Replying to: xtec (Apr 21, 2008 12:15 pm)
There is no correlation between life insurance and an extended warranty.
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- #4844 of 4893
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Re: bias [illini4]
by xtec
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Apr 22, 2008 (11:56 am)
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Replying to: illini4 (Apr 22, 2008 9:52 am)
Why, they are both insurance.Same as health insurance ,some people have it some don't.EW is like getting health insurance on your vehicle.If you think you will never have a problem with your car,don't buy the EW,but I never have seen a car that didn't have a problem.The perfect car hasn't and I don't think ever will be built.
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- #4845 of 4893
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Re: bias [illini4]
by shipo
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Apr 22, 2008 (1:14 pm)
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Replying to: illini4 (Apr 22, 2008 9:52 am)
"There is no correlation between life insurance and an extended warranty."
You've gotta be kidding. The life insurance company is betting that you won't die before the policy runs out, and the EW insurance company is betting that your car won't die (or suffer a significant number of expensive illnesses) before the policy runs out. I fail to see the difference. 
Best Regards,
Shipo
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- #4846 of 4893
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Warranty
by smithed
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Apr 23, 2008 (4:28 am)
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You pays your money (or not) and takes your chances.
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- #4847 of 4893
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Re: bias [xtec]
by nvbanker
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Apr 23, 2008 (2:29 pm)
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Replying to: xtec (Apr 22, 2008 11:56 am)
I never have seen a car that didn't have a problem.
Au Contrare, xtec - I have had SEVERAL cars that never had one problem - just to name a few: admittedly, I didn't drive these 100,000 miles, but I did drive them for several years and a fair distance with NO problems whatever, and well beyond their warranty period.
1984 Thunderbird - 66,000 miles, no problems
1994 Mercury Cougar - 44,000 miles, no problem
1997 Mercury Mountaineer - 24,000 miles, no problems,
1998 Mercury Mountaineer - 50,000 miles, no problems,
1999 Lincoln Navigator - 66,000 miles, no problems
2002 Lexus LS430 - 42,000 miles, no problems,
2005 Lexus LS430 - 48,000 miles so far, no problems,
2007 Mercury Mountaineer, 22,000 miles so far, no problems.
Perfect cars, no. But I did have EW on the Thunderbird, the Navigator, and did not ever use either one - complete waste of money. 
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