Should I buy extended warranty? please help chime in.

[Tcoat]

Originally Posted by hmong337

Geese dude. That's like 60,000 kms a year! Are you planning on keeping the car long term?

Nope. Four years and gone for the last 4 cars.
Take a shit kicking in value but it is worth every penny just to see the sales guy's face when they ask for mileage on the 4 year old car.

[Dake]

Anything major should have broken already which leaves nuisance things which won't add up to the cost of the coverage.

Remember, they don't sell extended warranties because they plan to pay out - they sell them because the numbers show it's easy money. Sure, there's always that friend of a cousin's neighbor whose engine exploded for no reason one month after the factory warranty ran out, but that's the exception to the rule.

As others have said - if you have the 2100 bucks to buy the warranty, put it in an online savings account instead. If you need it you can still get at it fairly easily, and if you don't need it (you probably won't) you'll have upwards of 600 extra dollars waiting for you after the three years. Better still, if you don't already have a savings account going, this is your chance to start. Open it with 2100 and then throw in an extra 10 bucks a week or something - it all adds up. If you were going to finance your extended warranty (even worse idea), make the payments to yourself instead.

[billyk]

This won't help the OP due to his pressing deadline, but possibly for other FRS owners that want extended coverage, they might benefit by considering GEICO and USAA extended coverages.

I switched from Allstate to GEICO last November when I got my FRS. GEICO matched or increased every coverage item, added roadside assistance and 7-year/100k mile breakdown coverage for a ton less money than I was previously going to pay Allstate (without those additions). A total no-brainer. The coverage is extensive, gets great reviews and has a $250 deductible.

Buying extended coverage from the dealer is a personal choice. Some feel great about it - I always avoid it. But, years back when I bought a new Acura MDX, I came close to buying coverage when I learned that I can buy it from any Acura dealer in the US, and some dealers in other states where willing to significantly discount the price (it's National coverage no matter where you buy it). This may be another option for those that want the coverage.

[Mr.Impreza]

Personally not worth it in my opinion.

I have a 2014 accord on lease, and got an extended warranty and the car is already at 55,000Km (drive a lot for business) and nothing has gone wrong. I think a 3 yr would of be plenty enough.

The FRS, i don't even know what warranty I have haha..i think 60,000Km like you.

There is the saying, things go wrong in the first few months if the car is a lemon. Considering you've had it for so long with no problems, i think it would be fine.

Plus, repairs are not that expensive and i don't really see what could go wrong that would cost that much in repairs. Plus you drive it like a camry so your not abusing it.

[hmong337]

Originally Posted by Mr.Impreza

Personally not worth it in my opinion.

I have a 2014 accord on lease, and got an extended warranty and the car is already at 55,000Km (drive a lot for business) and nothing has gone wrong. I think a 3 yr would of be plenty enough.

The FRS, i don't even know what warranty I have haha..i think 60,000Km like you.

There is the saying, things go wrong in the first few months if the car is a lemon. Considering you've had it for so long with no problems, i think it would be fine.

Plus, repairs are not that expensive and i don't really see what could go wrong that would cost that much in repairs. Plus you drive it like a camry so your not abusing it.

Yes, my car has been rock solid. Not one single issue. I don't bounce the car off redline or do any nonsense to the vehicle as it is my daily driver. I expect to get a good ten years from this car only doing oil changes and tune ups. The high mileage on my car is all highway so they are very easy miles. I hope this car will go the distance. I'm just not very keen on today's standard of build quality compared to how they were built in the 90's.

[NOHOME]

One of the most lavish mansions in my neck of the woods was built by a person who runs an after-market warranty company. That tells me that the guy taking your insurance money does not believe that you need insurance.

The nature of Insurance is that you should only insure things that you can not afford to lose. If a transmission or engine falls in that category, then go ahead. The rest you gamble with, taking on faith that the odds are on your side to the same extent as they are for the guy who is willing to insure you.

[hmong337]

^warranty and insurance are in the business of "in case shit happens". 90% of the time, nothing happens and they just pocket the money. I know this all too well as a close uncle of mine is in the insurance business and is very successful. That's pretty much how he explained it to me ahaha.

But I guess where I'm worried is that this car is new, new, so you don't really know what to expect. That's what has me nervous. Newly developed engine, trans, di system, etc. I think many have said it right already that is nothing has happened yet, you can bet on nothing happening at all. Like I said, the car has been very solid thus far so let's hope it continues that way.

Well, off to let my warranty lapse. Lets hope the next few years will be trouble free (if not the entire life of the vehicle).

Thanks to all who replied.

[HotLavaFRS]

Originally Posted by hmong337

I get this answer a lot too. Thanks!

2100+tax for "in case shit happens", is kinda pricey. And even still, these stealership crooks usually do everything in their power to null any sort of claims.

Still scared though- going into unwaranted car payments. But still, $2100 in cash for surprise repairs should be comfortable.

This car is a keeper. It will never be for sale.

Just because the warranty runs out doesn't mean the car is going to die all of a sudden. You're better off hanging onto that money (doesn't mean spend it on mods and stuff) for a rainy day.

I've got another car that's been out of warranty for three years now and is covered in mods and I'm not worried about it.

[Tcoat]

Originally Posted by HotLavaFRS

Just because the warranty runs out doesn't mean the car is going to die all of a sudden. You're better off hanging onto that money (doesn't mean spend it on mods and stuff) for a rainy day.

I've got another car that's been out of warranty for three years now and is covered in mods and I'm not worried about it.

My 58 Ford had been out of warranty for 40 years and I never had to replace a thing in 5 years of driving (as a DD at that).

[Packofcrows]

Unless extended warranty was from Toyota or dealer, then i'd ignore it!

if it's:

"automotive professional resources"

^^^

Let that be the first red flag. My mom without much knowledge purchased it, her car started having problems due to transmission not shifting too good, they said they wouldnt cover her until 6 months from now although they had stated they would cover asap, so 3 days later I called them and after 3hrs, got her, her money back.

Later, I asked friends regarding this extended warranty and 2 out of 11 or so car enthusiasts, gave me their experiences with this company.

The first said he lost $2500 in warranty money and they never helped him because he slightly modded his Integra.

The second, they mailed him a "pos engine lubricant," that ended up somehow clogging his injectors or clogged something else...I don't recall. He had done a rebuilt on his engine not even 2 months before. He was also sent a gas tank one? This one he didn't add in. It was unlabeled and just stated it was to be put into gas tank. If I get to cleaning my garage I can snap a pic of it. He let me have it and I just threw it in a corner somewhere. This guy, he was lucky to get 1/2 of his money back.


BBB used to be full of issues about them.

be careful where you put your money.

(Save it for the strippers!)

[Ddreder]

Originally Posted by hmong337

Well, I'm getting nervous. Only one more round trip to work and the warranty is done. I'm sitting at 59,927kms.

These damn Subaru's better be as reliable as they say they are!

I wish the clutch was covered under my aftermarket warranty.. I know it will be the first thing to go TU on the car. Also I have a feeling engine maintenance later on down the road is going to cost a fortune on this car. From what i've heard the valves need adjusted and certain intervals. And to do it You have to take the cams off the tops of the heads.. That job is going to suck lol

Also side note.. 5 year 90K best extra warranty I could get with a $250 deductible was only $760 lol They are so much cheaper through the bank vs the dealer

[hmong337]

The extended warranty option was from the dealer I purchased the car from. Not any fly-by-night company. The names of the people I personally dealt with were all there so this wasn't some scam. Either way, I am choosing to not extend. I'm 10kms away from lapsing so this is it. Bye bye waranty.

[Ann1ne]

If in EU the warranty is 5 years or 150000 Km means that the car was made to reach this tolerance. Dont buy it

[Basket Case]

Didn't read the thread, but the answer is no.