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-   -   7 Year Extended Warranty - did anyone get? (http://www.wranglerforum.com/f274/7-year-extended-warranty-did-anyone-get-255264.html)

Bar01 07-12-2013 06:15 AM

7 Year Extended Warranty - did anyone get?
 
Did any of you purchase the 7 year extended warranty from the dealer when you got your new Jeep? Is it worth it or a rip off? Would love to hear your thoughts. Thanks!

J33P4M3 07-12-2013 08:06 AM

got the lifetime.. not much more than the 7 year. $2100.00

SirRyan 07-12-2013 08:20 AM

I am a sales manager at a car dealership...any warranty- TV, car, whatever is like an insurance policy. You hope you never have to use it, but you are glad to have it when you need it. I tell customers that all the time. Its peace of mind. Kinda money well wasted so to speak. If you finance it with the car, ask yourself this - "would I miss the extra $25 per month payment or would I miss $1k if the a/c goes out?"

RoadiJeff 07-12-2013 09:37 AM

Quote:

Originally Posted by Bar01 (Post 3953618)
Did any of you purchase the 7 year extended warranty from the dealer when you got your new Jeep? Is it worth it or a rip off? Would love to hear your thoughts. Thanks!

We didn't buy it when the finance manager offered it to us at closing. I figured his price was higher than what I could find the same thing for elsewhere and I was right.

His price on the Max Care lifetime warranty was over $3,000. One of the forum members on here sells them for under $2,000 at a dealer in Michigan. I will probably buy it through him soon.

ahsumtoy 07-12-2013 09:42 AM

Insurance
 
We have insurance for everything, Medical, Car, Life, etc. It cost us a lot of money and we rarely use it. I did not buy it and will take my chances. I'd rather save the $3,000 and put it into a lift, tires, etc. Just my opinion.

SirRyan 07-12-2013 09:51 AM

I wish I sold the Jeep warranties here. Buy you are right, shop around, just like anything. Some dealers would rather sell a bunch for a small profit than gouge a few.

KP50 07-12-2013 12:27 PM

You can buy them cheaper on the internet then the dealer at closing. Its the same warranty and honored at any Chrysler dealer. I usually wait a little while before I buy and decide if I'm going to keep the car long term, you can buy the extended warranty while its in 3/36. Its cheapest by a couple hundred bucks if you buy under 1/12 usually. Plenty of time to shop around and/or make sure its something you are going to keep past 3/36.

Dont let the after sales guy scare you when buying, do your own research/pricing on the extended warranty after you buy it.

Old Dogger 07-12-2013 01:22 PM

Extended warranties on any item, are a waste of your money!
The exception to this would be if you plan on buying a item that has known failures, but then again why would you purchase it, when you know that it is going to fail?
Think of it this way, are they really going to sell you a extended warranty so they can lose money and go bankrupt? We all know the answer to this one, and of coarse it is NO..........This is one of their highest percentage profit centers. Don't be suckered into it!
It has been proven statistically many times, that you are better off, to just make a payment to yourself, put it in your bank account each month. Now if you have a failure, well then the money is their to pay for it, if no failure, well just keep drawing interest on it!!!!!!!!!!! Some day you may need that money for a emergency, or take a lavish vacation on it..................
It's your decision, but I have used this Philosophy all of my life and it works!

Miser 07-12-2013 01:44 PM

Quote:

Originally Posted by Old Dogger (Post 3954895)
Extended warranties on any item, are a waste of your money!
The exception to this would be if you plan on buying a item that has known failures, but then again why would you purchase it, when you know that it is going to fail?
Think of it this way, are they really going to sell you a extended warranty so they can lose money and go bankrupt? We all know the answer to this one, and of coarse it is NO..........This is one of their highest percentage profit centers. Don't be suckered into it!
It has been proven statistically many times, that you are better off, to just make a payment to yourself, put it in your bank account each month. Now if you have a failure, well then the money is their to pay for it, if no failure, well just keep drawing interest on it!!!!!!!!!!! Some day you may need that money for a emergency, or take a lavish vacation on it..................
It's your decision, but I have used this Philosophy all of my life and it works!

X2, Good Philosophy!!!!!!!:thumb:

RoadiJeff 07-12-2013 10:00 PM

Quote:

Originally Posted by Old Dogger (Post 3954895)
Extended warranties on any item, are a waste of your money!

Many people say that an extended warranty is like buying insurance. Insurance companies don't expect to shell out $100,000 or more to everyone who buys a policy. However, with enough people buying them there's payout money available to those who file a claim.

Sure, people can take the $2,000 that it costs for a max care lifetime extended warranty and spend it on other things. However, when their transmission fails after 4 years and they get that $3,000+ repair bill I'm sure most people would wish they'd bought the coverage.

I don't usually buy extended warranties. However, we plan on keeping our 2013 Sahara for 10 years or more. For $2,000 upfront it will be nice to know I won't be paying for any repair bills on it during that time.

StarBrite 07-12-2013 10:10 PM

Mike Noble from Hayes Jeep in Kalamazoo, Michigan is the forum member who sells the warranties. His user name is Noble.

I have never spoken to him, never bought from him or his dealership, just passing on his info.

There have been several thread recently about this same warranty. They should be easy to find.

Javy115 07-12-2013 11:22 PM

I got the 7 year warranty as a just in case. Ive heard jeeps have had there issues. Haven't had to use it yet. It's there if I ever need it though.

Old Dogger 07-12-2013 11:40 PM

Quote:

Originally Posted by RoadiJeff (Post 3956593)
Many people say that an extended warranty is like buying insurance. Insurance companies don't expect to shell out $100,000 or more to everyone who buys a policy. However, with enough people buying them there's payout money available to those who file a claim.

Sure, people can take the $2,000 that it costs for a max care lifetime extended warranty and spend it on other things. However, when their transmission fails after 4 years and they get that $3,000+ repair bill I'm sure most people would wish they'd bought the coverage.

I don't usually buy extended warranties. However, we plan on keeping our 2013 Sahara for 10 years or more. For $2,000 upfront it will be nice to know I won't be paying for any repair bills on it during that time.

Everybody has to have a comfort level in life! Some chose to pay for that comfort and others have enough confidence from past experience to know when to shell out the money and when not too.........also current cash flow on hand would be a influencer in that decision. For me, not spending money on unnecessary insurance policies, has paid off for me in my 79 years of life. What I consider as a necessity is auto insurance, home insurance and medical as a must have. Everything else is of individual choice.........:thumb:

Cee_Rozay 07-12-2013 11:47 PM

Quote:

Originally Posted by Javy115 (Post 3956900)
I got the 7 year warranty as a just in case. Ive heard jeeps have had there issues. Haven't had to use it yet. It's there if I ever need it though.

What you pay for it?

ONETANGO 07-12-2013 11:49 PM

I got the Lifetime Powertrain warranty. Just in case.

Javy115 07-13-2013 02:37 AM

Quote:

Originally Posted by Cee_Rozay (Post 3956949)

What you pay for it?

I think it was a little less than 2k

MrSig 07-13-2013 03:20 AM

I got the 7 year 100,000 but got in when my 3/36 was almost up. I have used it a lot. Very glad I got it.

Noble 07-13-2013 07:18 AM

Someone earlier said it best: its like health insurance for your Jeep. But with a $100.00 deductible not a $4,000.00 deductible!
I havent used my health insurance in 15 years, ive had thousands of dollars in repairs to my cars though.

Cee_Rozay 07-13-2013 09:36 AM

Quote:

Originally Posted by Javy115 (Post 3957167)

I think it was a little less than 2k

Sweet, strongly considering it!

Miser 07-13-2013 10:20 AM

Extended warranties are just a gimmick, another way for them salesmen to take you to the cleaners and make themselves a nice commission! I personally know one of them. He lives in a million dollar home and smiles all the way to the Bank! They are trained professionals, so be careful!!!

I'm sure that you all work very hard for your money, and it is sad to see that some of you are being gullible to this scam!

SirRyan 07-13-2013 12:16 PM

Again, I sell them. It is not a scam. Dealers do make profit on them. I sell them here but when I do I only sell them for a small profit. I sell more that way. All they are is an insurance policy for something to break. It's like any other insurance policy, that you have but hope you never have to use. And, when you think about it, it is much cheaper for a car "breakage" insurance (extended warranty) than any other type of insurance. How much is most people's car insurance? $500-600 per year? Put a pencil to that...a 7yr warranty is $2k..7 Yrs worth of car insurance for the body is much much more. It's peace of mind for some people. It's not for everyone. Would you have auto insurance if it wasn't the law? If it makes you feel better, buy it. Again, I sell them. I bought myself the lifetime warranty for my new 13 JK I bought two weeks ago. I plan on giving this to my daughter when she can drive in 6 years. I am sure it will pay for itself more than two-fold.

Cee_Rozay 07-13-2013 01:04 PM

Quote:

Originally Posted by SirRyan (Post 3958000)
I bought myself the lifetime warranty for my new 13 JK I bought two weeks ago. I plan on giving this to my daughter when she can drive in 6 years. I am sure it will pay for itself more than two-fold.

What's the time frame to purchase the max care? Right before the 3/36 is over?

jdambm 07-13-2013 01:26 PM

Quote:

Originally Posted by Cee_Rozay (Post 3958122)

What's the time frame to purchase the max care? Right before the 3/36 is over?

Iirc after 12 months it requires an inspection and there is an upcharge

Noble 07-13-2013 01:51 PM

Quote:

Originally Posted by Miser
Extended warranties are just a gimmick, another way for them salesmen to take you to the cleaners and make themselves a nice commission! I personally know one of them. He lives in a million dollar home and smiles all the way to the Bank! They are trained professionals, so be careful!!!

I'm sure that you all work very hard for your money, and it is sad to see that some of you are being gullible to this scam!

Those guys are the ones charging $4,000.00 for it.
Lets look at it in this perspective:
You buy a jeep and plan on keeping it 10 years. You have a buddy that is a certified mopar mechanic with a million dollar shop with all the latest tools and diagnostic equipment. If he told you "just give me $200.00 a year for 10 years and if anything mechanical breaks on your car ill fix it for free and buy the parts for you. AND i will give you a rental car to drive for free AND i will tow you for free and if you are more than 100 miles from home ill give you up to $1000.00 for hotel and meals. And by the way, he will do this for as long as you own your jeep!
I would do it in a heartbeat!!

Old Dogger 07-13-2013 02:22 PM

Quote:

Originally Posted by SirRyan (Post 3958000)
Again, I sell them. It is not a scam. Dealers do make profit on them..

Yes, I'm sure that you do make a profit on them and smile all the way to the bank................just keep selling them insurance policies, because the gullible ones are lining up with their wallets full of money, after all you are helping our weak economy to recover...........:rofl::rofl::rofl::rofl:

SirRyan 07-13-2013 03:05 PM

Quote:

Originally Posted by Old Dogger (Post 3958296)
Yes, I'm sure that you do make a profit on them and smile all the way to the bank................just keep selling them insurance policies, because the gullible ones are lining up with their wallets full of money, after all you are helping our weak economy to recover...........:rofl::rofl::rofl::rofl:

So making $100 or so on a warranty is a bad thing?

SirRyan 07-13-2013 03:07 PM

Quote:

Originally Posted by Noble (Post 3958233)
Those guys are the ones charging $4,000.00 for it.
Lets look at it in this perspective:
You buy a jeep and plan on keeping it 10 years. You have a buddy that is a certified mopar mechanic with a million dollar shop with all the latest tools and diagnostic equipment. If he told you "just give me $200.00 a year for 10 years and if anything mechanical breaks on your car ill fix it for free and buy the parts for you. AND i will give you a rental car to drive for free AND i will tow you for free and if you are more than 100 miles from home ill give you up to $1000.00 for hotel and meals. And by the way, he will do this for as long as you own your jeep!
I would do it in a heartbeat!!

Couldn't of said it any better myself...

Old Dogger 07-13-2013 03:20 PM

Quote:

Originally Posted by SirRyan (Post 3958392)
So making $100 or so on a warranty is a bad thing?

No, No, and No, making $100 is not a bad thing! :nonono:
You are entitled to make a living and support your family in any way that you see fit........:thumb:

My point is that these types of Insurance Policies are not needed and I would feel the same way if one of my family members were selling them. I am entitled to my opinion as are you!:)

Let's at least agree to disagree on the subject......Cheers..........;)

StarBrite 07-13-2013 03:22 PM

Maybe that old expression should be changed to, "we can talk about anything but politics, religion and extended warranties."

:rofl:

SirRyan 07-13-2013 03:28 PM

Quote:

Originally Posted by StarBrite (Post 3958441)
Maybe that old expression should be changed to, "we can talk about anything but politics, religion and extended warranties."

:rofl:

Brilliant!


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