When you purchase your new car your probably expecting to keep it for a couple hundred thousand miles. So when the warranty only goes to 50,000 or at the highest 100,000 miles. It seems to make sense to buy the extended warranty, right?
David at Rancho Smog & Auto Repair Temecula says “The car manufacturers have so much data and are incredibly smart. They have data and know if your vehicle is maintained properly you most likely won’t even touch the warranty.”
Seem to make sense because warranty items can be so expensive. Here lies the big secret, when your given a warranty from the car manufacturer you also have a list of pre-requisites to maintain. For example you have to rotate your tires at certain intervals, do oil changes, do your fluid flushes. If those things are not completed it can void your warranty.
What does this mean? Well the car manufacturers are smart and like to make money just like the dealership. The big secret is IF you keep up on your scheduled maintenance many times those BIG warranty items your worried about never occur.
So when they roll out that warranty plan that costs $$$, it also comes with a must do list to keep the warranty valid.
This is essentially telling you if you don’t purchase the warranty but keep up on all your scheduled maintenance many times those big warranty items will never brake. As you can assume there is no absolutes, however if the dealership is gambling they will make money off of never fulfilling on your warranty items it’s safe to say you can as well.
Second, most people sell or trade in their vehicles in 7-10, in most cases your warranty is not transferable. This means if you drive an average of 10,000 miles per year. You will only get to 70,000 or 100,000 miles. You would never need a warranty past those miles anyway.
The last thing to remember is
In conclusion it’s a safe bet to not buy the warranty. You see each vehicle goes through a extremely detailed testing phase, then the manufactures have reports back on how the vehicle is performing for years. This is how they can take an very data educated guess on how long your vehicle will last, and when or if parts on your vehicle will fail.
When you take all this into consideration, it’s a safe bet not to purchase the warranty. However, if your a worrier and you DO keep your car for 10-15 years or until the wheels fall off. You could spend the extra money to take off the burden of worry. Remember to keep your scheduled maintenance top of mind and fulfill all of those maintenance requirements at the proper time.
Learn more about extended warranties here.