Extended Warranty - Worth it?

[xtrailman]

http://www.mazdas247.com/forum/showthread.php?123850355-Tapping-Noise-in-engine-bay

Sometimes ya win, sometimes ya don't. The thing about the warranty is that you know the cost, and it is planned for. You have no IDEA what (if anything) is going to take a dump in the next 100K miles.

As my son found out.
BMW compact engine timing chain failed, engine repairs 800.

So he took out a warranty for his replacement car a Vauxhall Astra, a new engine was required, cost thousands to replace. Car also had a new gear box but that was replaced FOC by Vauxhall.

Am I feeling lucky with my CX-5? no so its either an extended warranty or a new car. With all four Nissans I never felt that they would let me down, and they didn't.

 

[erhayes]

I am also of the opinion that if you can't buy the new car with cash, then you should be buying used until you can. Ed

 

[dergibog]

But you are a gambler, like all of us.

Ok. You got me since we are apparently playing symantecs now. (stfu)

 

[DBLXX]

IMO - not worth it.

 

[Kedis82ZE8]

The only factory extended warranty I ever bought was on the G35x for $1800....

I purchased right at time bumper-to-bumper expired so they CPO'd it and added a year to warranty for 9 years of coverage. Warranty finally expires next February but it has covered the following replacements:

Steering rack
AC Compressor
Torque converter in transmission
Radar Cruise Control Sensor

IIRC... repairs are now in the $7-8K range so in this instance I came out ahead.

I passed on a warranty for the CX-5.

 

[robertmazda]

+1 (thumb)
CX-5 is about as bullet proof as they come.

Hey, I love my 2013 CX-5, but given that there is no long term experience with this car, I think it's a stretch to have decided that it's "as bullet proof as they come". I think (hope) you're right, but you do not have enough data to make this claim.

 

[Rarebit]

Ok. You got me since we are apparently playing symantecs now. (stfu)

Sorry you took my point the wrong way, but many don't realize that NOT buying an extended warranty is also a "bet" with potentially expensive consequences. I wasn't "playing" semantics or trying to embarrass you.

 

[Buzzer777]

I have been really lucky myself, and never have needed an extended warranty. Vehicle repairs these days are as extremely expensive as is the selling price of a new vehicle. With that said, I must balance my own experiences with the opposite experience of dealers who are VERY anxious to sell you a policy. If their AVERAGE experience showed them losing money, they would either cease selling policies, raise the prices, or as many have done, had 3rd party companies "pick up" the actual burden and settling for a portion of the profit/loss on each policy!

 

[Unobtanium]

I will agree with many posters though, from everything I've seen, read, and heard, if you want to gamble on not buying a warranty, the CX-5 is the horse to pick, in this market segment.