Re: OT buying an extended warranty on viehicle

Posted by Frantz on March 19, 2019 at 08:08:55 from (72.95.34.25):

In Reply to: OT buying an extended warranty on viehicle posted by CBBC on March 14, 2019 at 06:56:01:

I sell cars for a living and have been in the industry for over a decade now. Dealers make good money on warranties, but really that isn't even part of the factor to determine if it's a good deal or not. What does matter is who is backing the warranty, how good it is, is there a deductible, and how much can you afford.

I hope you don't take this the wrong way, but if you're considering a high mileage Kia or Nissan then you probably don't have tons of money sitting around. Especially if you're considering financing such a vehicle. So how much of a hiccup can you afford? It doesn't take more than one good repair bill to cover the cost of a warranty in most cases. Some of the Kia 6 bangers do have some issues so make sure to do some research there. If you have trouble with a monthly payment in the budget, you really ought to make sure you have a warranty in there budgeted too.

Is the extended warranty also from Kia? There are some pretty solid 3rd party warranties (Resource automotive I've worked with in the past and they were good), and there are some cruddy ones, and there are some that are only good at the dealer you buy it from, until they legally change their name and structure and leave you hanging.

You can often adjust the price of the warranty based on what deductible you pick. Again with your own budget, but generally I find that leaving a deductible in makes the overall cost much lower and still matches what someone can afford as an unexpected expense.

Generally I wouldn't want to own a modern vehicle without a warranty from any brand unless I had the means to own the car outright and pay any bill or absorb the loss and trade it in with damages.

Yes, you can sometimes negotiate the price, but high mile warranties have a real cost of several thousand dollars because there are better odds than not that many of them will pay out. It's really just insurance. Most are better than their reputation gets, but the just like with insurance, the cheaper the product, the cheaper the product....

Replies:

Add a Reply Name: E-Mail: Subject: Comments: Optional Link URL: Link Title: Optional Image URL: Optional Video Title: Optional Video URL: Email Notification: If you check this box, email will be sent to you whenever someone replies to this message. Your email address must be entered above to receive notification. This notification will be cancelled automatically after 2 weeks.   Advanced Posting Tools   Select Gallery Photo  Attach Serial # List  Return to Post  Upload Photos/Videos Press to select files to upload Upload one or more videos to your post. Photo and video filesizes should be less than 8MB. Formats allowed are gif, jpg, png, ogg, mp4, mov, and avi. Be sure to use filenames without spaces or special characters, and filetypes of 3 digits lower case.

TRACTOR PARTS	TRACTOR MANUALS

We sell tractor parts!  We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]