Last post on Jul 12, 2012 at 6:17 AM
You are in the Volkswagen GTI
What is this discussion about?
Volkswagen GTI, Hatchback
#184 of 185 Re: Warranty "Wear and Tear" [GBrianK]
Jul 08, 2010 (10:32 am)
FYI: Got this from my HR director
Save Cash by Avoiding Auto-Repair Service Plans
(Increase your financial IQ Ė think green)
Did you know that according to Consumer Reports Magazine, extended auto warranties usually donít make financial cents? Consumer Reports notes that a five year old vehicle today had one third fewer problems than a five year old vehicle in 2005. The bottom line Ė cars are becoming increasingly more reliable and serious (more expensive) problems, such as engine or transmission repairs, are actually quite rare.
Many service plans are sold by marketing companies that donít provide the coverage themselves. Plans can cost hundreds or thousands of dollars and have various coverage options. They all sound good until you file a claim. Most contracts include a lot of fine print that can usually be used to deny your request for payment. According to the Federal Trade Commission, auto-service contract fraud was the number one complaint in 2009! That just about says it all.
Whether a service plan is offered by a broker, car dealer or manufacturer, the experts recommend that you skip it. Youíre better off redirecting that money into your TSP account!
Jul 12, 2012 (6:17 am)
I have an '06 GTI. The engine light came on so had it checked. Apparently it needs a new O2 sensor. The estimate with parts and labor was $400. What is the cost of a sensor and can I find one myself