Last post on Dec 05, 2013 at 1:21 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Subaru Outback, Wagon, SUV
#1989 of 3458 Re: Gold warranty prices [ndeborahk]
Oct 10, 2009 (2:36 pm)
Sinking money into a car with an expired factory warranty is exactly why I have leased my last 4 Subarus. As soon as my 3 year 36,000 are up so is my lease and I get a new one. Anyone who has ONE bad experience like that should know never to get involved in a situation like that ever again. I would definitely look at leasing.
In addition to saving on repairs due to it always being under bumper to bumper warranty, you will also save on sales tax. I would've paid over $2,000 in sales tax alone on my 2009 Tribeca. Instead I pay 7% of my lease payment, about $25.00. Another reason I lease is I never have to worry about buying new tires or getting new brakes. Also, I never lease unless I can save at least $100 a month vs buying it. If I would've bought my Tribeca I would've paid around $470 on a 72 month loan. I am saving almost $110 a month X 36 months on the lease = $3,960. Do you think your Outback will be worth $4,000 more than you owe in 3, 4, 5, 6 years from now. Absolutely not. Especially when 99% of dealers are offering you WHOLESALE trade in price. Don't throw money away on an extended warranty and don't buy. It's cheaper to lease a new car every 3 years.
Having said that the lease deals on the Outback right now are not very good. You will have to hold off to get a good deal. They will be better in the next month or two. I had a lease quote on a 2009 Outback Special Edition this time last year for $270 with nothing down. A 2010 Outback Premium is going to be $315+ right now.
#1990 of 3458 Re: Gold warranty prices [morin2]
Oct 10, 2009 (6:40 pm)
Those are really good ideas. And fundamentally, I know what you are saying is right. But my experience with my Toyota has been so horrific. The warranty was $1100 and it came with a free rental car for every service. Because my past experiences with Hondas had been so good and because my husband urged me not to do it, I turned it down. I probably covered the $1100 in three years. I'm torn between my head and my stomach. If I were to get the extended warranty, wouldn't it be better to negotiate while I was negotiating the car price? I have an email offer for invoice and one just above and one that asked what it would take,so I am thinking I have a little bit of leverage. What would be a good price - whether at purchase time or during the warranty, do you think? I think I saw elsewhere in the forum that someone paid $1600, but not sure and can't seem to find the post.
Thanks so much for your input!
#1991 of 3458 Re: Gold warranty prices [ndeborahk]
Oct 10, 2009 (8:35 pm)
Although I advised against it, here are the numbers for the "Subaru Added Security" that I have received in the mail several times for both my wife's 07 Forester and my 09 Outback. We're not adding it to either vehicle, but note that this is the only extended service contract backed by Subaru. It does not mention "Gold" anywhere - so beware of non-subaru warranties peddled by the dealer. They often go out of business and you are then stuck.
Oddly enough, the prices listed were the same for both of our vehicles:
6 years/60K mi. $564
6 years/80K mi. $840
6 years/100K mi. $1282
#1992 of 3458 Re: Gold warranty prices [morin2]
Oct 11, 2009 (4:44 am)
Thanks so very much!.
#1993 of 3458 Re: Gold warranty prices [ndeborahk]
Oct 11, 2009 (7:17 am)
$1500 for the Gold Plus 7yr 100,000 mile zero deductible is what I paid
#1994 of 3458 Re: Gold warranty prices [guyb1]
Oct 11, 2009 (7:22 am)
Thanks very much for the information.
#1995 of 3458 Re: Gold warranty prices [ndeborahk]
Oct 12, 2009 (9:20 am)
The Subaru Added Security gold plus warranty is essentially an extended bumper-to-bumper warranty. The Subaru Added Security classic warranty (which is cheaper) does not cover as much as the Gold. The Subaru website has more information on both of them.
Again, you do not have to make a decision right away. You can purchase this warranty at any time within the factory bumper-to-bumper warranty period. I know, the dealership(s) will tell you otherwise, but they are simply trying to pressure you into buying immediately.
#1996 of 3458 Re: 2010 outback 3.6R limited [guyb1]
Oct 12, 2009 (9:38 am)
Hi guyb1 - congrats on your purchase! Did you get your new Outback yet? I am getting ready to order one either this week or next. Can't wait. I have never ordered a car before...did they give you the trade-in estimate for your old car upon ordering or upon picking up your new Subaru? Any info or tips you have is appreciated! Thanks
#1997 of 3458 Re: Gold warranty prices [stoopy]
Oct 12, 2009 (11:54 am)
leasing rarely works out as cheaper in the long run unless you can deduct the lease expenses for business ... even with buying and maintaining, holding onto most cars for 6-9 yrs. will cost you less in the long run than leasing ... there are plenty of on line calculators that will do the math for you based on your own personal situation... it's never come close to a lease ending up costing me less than a purchase.
However, folks like you are great for those who want to buy CPO cars with factory warranties for a fraction of the new price... that can be a great deal if you shop right, there are a lot of cars coming off 24- or 36-month leases in great shape.
#1998 of 3458 Re: Gold warranty prices [fendertweed]
Oct 12, 2009 (11:59 am)
That's for sure. You would have to sink a small fortune into a car over that period (6-9 yrs) for leasing to work out better financially! But, if someone plans to replace their cars on a short-term basis anyway (3-5 years) and remain perpetually in a car payment, it can work out better than buying.
It is sad, but I know many people who do not know life after car payments....