Thread: Extended warranty is it worth it

Seems expensive, I purchased my 3 year / 200,000 Km extended LR warranty in January this year just before the factory warranty expired for $3800-00.

Haven't had to use it yet, but let's me sleep at night as I had a major electrical malfunction when new and a turbo 18 months later.

I have a good relationship with my local dealer and they assure me it will be seemless if a claim is made as they do all the submissions and claims.
( just like the origin warranty ) I have been using them for over 6 years now and
have no reason to doubt their sincerity on the product.

I love the D4, but like all things mechanical, things do break and if you don't like
the unknown a good extended warranty takes the guesswork and keeping your legs and finger crossed for the next 3 years.

Jack

I have almost reached the end of the extended warranty period and as others have mentioned it provided me with a level of comfort re any major issue arising.

That said you do need to be aware that a number of things are not covered by the extended warranty but these are clearly stated in the policy documents.

However (there is always one of those isn't there?) the extended warranty insurer has a 'fair wear and tear' element that they apply to items such as control arm bushes (as I found out) and no doubt to other other items on the vehicle as well. This aspect does not, or at least the calculation of what represents fair ware and tear, appear in any of the documents I have. So I guess the insurer can apply any figure that they like........if you take that logic further you may want to question what represents fair wear and tear on an auto trans or a diff or an engine for that matter.

I guess what I am saying is that as with all things insurance buyer beware!

I look at it this way...
A tax break is a figure of reducing my tax, it still costs money to do so.
Changing vehicles costs a lot of money.
The extended warranty costs a lot of money.

Whichever way I go it will cost money.

Trading to a new one and kitting it out will on the long run will cost the most money. Close to $40k

40k buys me a lot of maintenance and upkeep...

Originally Posted by RHS58

Hi Richard

My 3 years is up in December.
Undecided re extended warranty.
Lot of $$ involved.
Questionable if insurer will come to the party if there's a claim.
I'm thinking I'll take my chances and save the $$.
Can be convinced otherwise, however, but needs to be lots cheaper than $5k.
And only 2 years....

May consider turning the vehicle over ..... Still tax deductible. Even those rules are changing
Ron

PS. like you, I'm looking also to upgrade to a Matrix.

Being retired there are no tax breaks, I will be staying with one for awhile I hope. Can't afford another one as spending it on the new van.
The $5k is a lot of money, I can easily spend that on the Matrix extras 😑

Richard

Originally Posted by Tombie

I look at it this way...
A tax break is a figure of reducing my tax, it still costs money to do so.
Changing vehicles costs a lot of money.
The extended warranty costs a lot of money.

Whichever way I go it will cost money.

Trading to a new one and kitting it out will on the long run will cost the most money. Close to $40k

40k buys me a lot of maintenance and upkeep...

Astute analysis!

Originally Posted by Tombie

I look at it this way...
A tax break is a figure of reducing my tax, it still costs money to do so.
Changing vehicles costs a lot of money.
The extended warranty costs a lot of money.

Whichever way I go it will cost money.

Trading to a new one and kitting it out will on the long run will cost the most money. Close to $40k

40k buys me a lot of maintenance and upkeep...

Eactly,well said

I didn't go with the extended warranty,no relationship with any LR dealer,mine went to an Indie from day one,as do all my LR's.

Mine did have a corner valve play up,then the new one didn't last long either,which was inconvenient,but no biggy.

Ours also is a low mileage vehicle,which helped the decision.

IMHO,way to expensive,i would rather take the risk without it.

It's important to check who the extended warranty is actually with, as it may not be with the car company. Some companies palm their extended warranties on to other finance companies. Also make sure it is not just a dealer warranty, which is worthless.

Sent from my GT-P5210 using AULRO mobile app

Originally Posted by DiscoMick

Also make sure it is not just a dealer warranty, which is worthless.

Sent from my GT-P5210 using AULRO mobile app

Perhaps not. I had a dealer warranty with a Ford and it was excellent. Claims were dealt with on the spot and without hassle.

RHS58 - Is the extended warranty you are considering with an insurance company or with a dedicated warranty from a private company? It makes a huge difference when it comes to a claim.