Should You Buy Extended Warranty on Cars?

Автокөліктер мен көлік құралдары

Should you buy extended warranty on cars? We explain whether you should buy an extended warranty when you buy a new car or a used car. We also tell you the differences between OEM and aftermarket extended warranty with the pros and cons. Before you buy an extended warranty make sure to watch this video.
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Пікірлер: 250

  • @adeezy5503
    @adeezy55039 ай бұрын

    I bought a warranty plan through my dealer on my used Volkswagen and it paid for a brand new turbo and numerous leaks and issues. Made my money back x2

  • @fannybernal6924

    @fannybernal6924

    2 ай бұрын

    What warranty company you had

  • @gwarlow
    @gwarlow3 жыл бұрын

    Spoiler alert: NO, you shouldn’t buy an extended warranty. Choose a brand that has a long history of reliability (Toy…) and have it serviced regularly.

  • @M13x13M

    @M13x13M

    3 жыл бұрын

    “Serviced regularly” is a scam In itself.

  • @Boobtube.

    @Boobtube.

    2 ай бұрын

    @@M13x13M unless you are the one doing the "service" yourself.

  • @thomasdonohue1833
    @thomasdonohue18333 жыл бұрын

    I just bought a 2015 Ford Focus SE with the Ecoboost engine. The dealership had about 4 different warranty options ranging from 160 a month to 138 a month. I declined. I went on line and looked at a few warranty companies and now these companies harass me. I've come to the conclusion these companies are a rip off and will always find a loop hole in the policy that they can use to refuse payment on any repairs. Save that 160.00 every month and when your car breaks you will have the money to fix it

  • @ilijabosnjak76

    @ilijabosnjak76

    2 жыл бұрын

    Good thing you didn’t buy the “extra warranty “ I had Focus with DCT transmission and dealer wanted to sell me his BS perfectly knowing that transmission will fail..Good thing Ford had recall on those particular vehicles 🚗 and I got brand new transmission for $0.00 dollars 💵 (must be under 160K)..Always do your research and never trust the dealer as much as cute ☺️ they are don’t fall for it…

  • @joaquinelectric1

    @joaquinelectric1

    11 күн бұрын

    Why you buy a bad car get a Toyota or Honda Crv 😅

  • @ravipeiris4388
    @ravipeiris43882 жыл бұрын

    Thank you for explaining the misnomer, "bumper to bumper" warranty.

  • @Exciteduser
    @Exciteduser3 жыл бұрын

    Great info, fairly and concisely presented.

  • @robertherlick8554
    @robertherlick85542 жыл бұрын

    Shari. Always very informative. I really appreciate your knowledge. Thanks.

  • @kitty-vk8ic
    @kitty-vk8ic4 минут бұрын

    I’m in the middle of shopping for cars. I learned so much since I start watching your video very informative thank you.

  • @thurodex
    @thurodex4 ай бұрын

    I’ve seen quite a bit of your stuff now. High respect for you. Thank you.

  • @NYC-SA-Mike
    @NYC-SA-Mike Жыл бұрын

    This was very helpful. Thanx! 👍

  • @PipeCat1965
    @PipeCat19652 жыл бұрын

    I did pick up some great points from this video. Thanks!

  • @MissEnglish123
    @MissEnglish1233 жыл бұрын

    I luv this channel, so much interesting info about cars 🚗

  • @bigcahuna42366
    @bigcahuna423662 ай бұрын

    I was never a fan of extended warranties up until a decade or so ago, but last month I sprung for buying one when I purchased my 2023 Mazda CX-30 to avoid expensive repairs for the next seven years. Only paid $2,200 for it. It's one that the dealership endorsed and proudly works with, not the crappy Car Shield policies that ghost their customers when they need help. Four years ago, I also bought a GM issued extended warranty for my 2017 Cadillac for only $1,927. I used it on a rear axle differential repair and an infotainment system replacement, both repairs which cost $$$$, but only cost me $50 out of pocket, so the warranty paid for itself plus more.

  • @sarge131
    @sarge1314 ай бұрын

    Thank you for this video. It really helped out with a recent purchase.

  • @seanmcnamara1267
    @seanmcnamara12672 жыл бұрын

    Very good report!

  • @michelleder108
    @michelleder1082 жыл бұрын

    Simply declined all extended warranties. The dealer wasn’t happy while I was

  • @gcab1000

    @gcab1000

    Жыл бұрын

    Did you buy new or used?

  • @denamatthews2466
    @denamatthews24663 ай бұрын

    thank you so much for this info love it

  • @nelidadejesus5549
    @nelidadejesus5549 Жыл бұрын

    learned a lot from this video thank you

  • @renzrenz3465
    @renzrenz34653 жыл бұрын

    Bro. your channel has full of substance. I watched few of your videos and i like your way of explanation, very direct to the point. I bet you can help a lot of people by that. New subscriber here.😀

  • @carhelpcorner

    @carhelpcorner

    3 жыл бұрын

    Thanks a lot! That's my goal!

  • @claudiapena578

    @claudiapena578

    2 жыл бұрын

    I feel the same way. Thank you so much for the info

  • @jsfbay1
    @jsfbay1 Жыл бұрын

    Suggestion - how about a list of reputable 3-rd party warranty companies? Or if that's not feasible, a link to a website that you know does a good job ranking different warranty companies. Also - what about the difference between inclusionary and exclusionary warranties? I'm guessing the ones I see pitched on late-night TV are probably inclusionary 🙂

  • @LanceGrey

    @LanceGrey

    Жыл бұрын

    Aon Warranty Group Administered out of Chicago was a good deal and paid for a new transmission for my used Honda after $50 deductible, and it paid 3 days Rental Car which was convenient. this past Winter.🙂

  • @knockywigglesworth1909
    @knockywigglesworth19093 ай бұрын

    Honest truth! NO almost NEVER and then only the Auto manufacters extended warraanty! The dealer takez most of the payment as commision!

  • @BlokFinance
    @BlokFinance4 ай бұрын

    Your info is invaluable to people who don’t know. Do a video on how much they make on the financing. In CT we are capped at raising the interest by 2% we get a percentage on the loan in the back. If we know this info then you can even get a better price on the front end of the car.

  • @emilemouannes2236
    @emilemouannes2236 Жыл бұрын

    You said @2:40 that cars wear out only based on mileage and that is false. Suspension components made of rubber will dry out and tear just by aging. City mileage is known to be more abrasive to a car from all the engine heat cycle as compared to highway mileage.

  • @thrillhouse_vanhouten
    @thrillhouse_vanhouten3 жыл бұрын

    Thank you for your help, as always. Thanks to your channel, I've finally closed the deal on a used vehicle and feel confident about my purchase. Keep on fighting the good fight!

  • @garymitchell6522
    @garymitchell6522 Жыл бұрын

    5 - 11 Fake Car Fees you should not pay at a Car Dealership 0:51 - Car Dealers dislike informed Customers 1:24 - Two Rules to know about Dealer Finance 1:53 - The only legitimate fees you must pay at a car dealership 2:37 - The Finance Office is the Number 1 Profit Producer in the dealer. 3:25 - Don't Pay Dealer Prep Fees 4:26 - Don't Pay Dealer Advertising Fees 5:06 - Don't Pay Additional Dealer Mark-up 5:37 - Don't Pay Delivery or Destination Fees 6:12 - Don't Pay for Nitrogen Filled Tires at a Car Dealership 6:51 - Don't Buy Credit Life Insurance from a Car Dealership 7:12 - Don't Pay for a Vehicle Enhancement Fee in Dealer Finance 7:37 - The most commonly abused charges in Dealer Finance 7:49 - Don't pay for Window Etch Theft Protection at a Car Dealer 8:46 - Don't pay for Dealer Document Fees 10:10 - Don't pay for E-Filing Fees, Electronic Filing Fee, or Processing Fee 11:16 - Don't buy overpriced GAP insurance from a Car Dealer Show less

  • @estherlyondelsordo6393

    @estherlyondelsordo6393

    9 ай бұрын

    Is this for the right video?

  • @kevinbudge106
    @kevinbudge106 Жыл бұрын

    I like to add you can go online and price shop an OEM warranty from different dealers this is a good idea as they are selling the same plans also i got my estended warranty through my insurance company (Geico) 1000 dollars for 7 years with a 200 deductible used one time on my 2016 chevy impala replacing power motors in moon roof dealer charged 1500 dollars paid for intself would recomend

  • @abidfarooqui4899
    @abidfarooqui4899 Жыл бұрын

    We just bought a Honda HRV 2023 EX-L for our son. Dealer offered us a $2300 Triton for 10 years or 100k miles. They said it is better than Honda because they have better roadside assistance and rental car coverage up to 60 days instead of 6 days. I did not take it but looking into Honda Care which can be gotten later (up to original warranty expires). It covers 100k miles up to 8 years instead of 10 years

  • @jazziecat2354
    @jazziecat2354 Жыл бұрын

    Very good info I am buying a car from CarMax need week a Honda Cr-v 2015, So I need to get educated on Expended warranty.

  • @mrallan8063
    @mrallan80633 жыл бұрын

    Your best extended warranty is from an oem. If your car is still under the original new car warranty, many (not all) oems allow you to buy their oem extended warranty as long as the new car warranty hasn't expired. You can prob go to any same brand dealership to buy, or buy from oem dealership online (and yes, pricing can be negotiated). So if you have an original 3yr/36k new car warranty... you can still buy an oem extended warranty at 2.5yrs and 30k miles. You don't have to buy an oem extended warranty at time of new car purchase.

  • @imaramblins

    @imaramblins

    Жыл бұрын

    That's exactly what I was thinking. And they'll definitely remind you of this fact through mail, email, etc... This way, if you can see something that might be a future issue, and are maybe thinking of buying an extended warranty, you've got plenty of time to find out as you drive the car over time.

  • @soccrdud77

    @soccrdud77

    8 ай бұрын

    Thanks for the info 2 years later

  • @csjrogerson2377
    @csjrogerson23773 жыл бұрын

    Simple. I work on the premise that: If the manufacturer doesn't give you a decent warranty in the first place, why are you buying an extension and why are you buying the vehicle at all? I either buy the vehicle from new and keep it for a long time or buy at 3yrs and sell at 6yrs ad infinitum. Never sent a car to a garage for anything other than a couple of minor warranty repairs in 25 yrs.

  • @abidfarooqui4899

    @abidfarooqui4899

    Жыл бұрын

    Honda and Toyota are both great brands whose cars last usually a long time. They only offer 3 year/36k mile limited warranty. Are you saying you won't buy a Honda or Toyota then? I just traded in my 2013 Toyota Prius at 175000 miles with absolutely nothing wrong with it to get a Subaru Outback 2020 with 11k miles on it. I had an extended warranty on my Prius to 100k miles but never used it. Did not have to

  • @MrOwen411
    @MrOwen411Ай бұрын

    Awesome thanks

  • @AcidFlash123
    @AcidFlash1233 жыл бұрын

    Is there any chance you could do a video detailing which are the better aftermarket insurers and which ones to avoid? I recently purchased a used vehicle and after some research, I concluded that I was better off just taking the vehicle beforehand to a trusted mechanic and then just taking my chances. There are too many weasel clauses, limitations and deductibles to make it worthwhile. Also, used car dealers will not give you a copy of the details of the warranty before you purchase and the insurers websites do not give all the details. Also, I was quoted everything from $800 to $2500 for the same "Superior" 2 year warranty for the same plan from different dealers. Talk about markup.

  • @jsfbay1

    @jsfbay1

    Жыл бұрын

    I'd say that if they wouldn't show the policy (not a brochure) before signing on the dotted line, I'd walk away. That, or as you found out, the reason may have been that it was a lousy product.

  • @nonaking1
    @nonaking12 жыл бұрын

    I bought an extended warranty in 2018 for my 2011 Chevy Cruze, and it has been a God - sent. I paid 2,200 for 5 years and has surpassed paying for itself. It has covered everything, electric windows, air con, engine oil leaks, etc. It was the best thing I ever did!

  • @plantbee333

    @plantbee333

    2 жыл бұрын

    That was a bad year for chevy cruze. Actually anybody reading this, don't buy a chevy cruze.

  • @kruckin

    @kruckin

    Жыл бұрын

    Hey there gilbert... which company did you choose?

  • @nonaking1

    @nonaking1

    Жыл бұрын

    @@kruckin Endurance

  • @kruckin

    @kruckin

    Жыл бұрын

    @@nonaking1 ok that's the one I just purchased an extension from...I keep hearing horror stories...especially car shield

  • @denisebonapart2075

    @denisebonapart2075

    Жыл бұрын

    @@kruckin I have endurance also and they paid on my claim

  • @johnrose9737
    @johnrose97372 жыл бұрын

    Recently purchased a new 2021 Venza Limited, along with a snow tire and wheel package. I also purchased a Toyota Platinum extended warranty for 4 years, which covers service cost for 3 years and a brake flush at 48k along with the tire and rim warranty from Toyota which covers both the winter tires and rims along with the factory ones for 48 months. They did after discount both packages by about 15%. I keep my vehicle for about 4 years so I never purchased rust proofing, paint or interior protection. We are both retired and travel between Newfoundland, Ontario and Alberta annually so the extra warranties provide extra perks if we had vehicle issues while traveling.

  • @titalx7169
    @titalx7169 Жыл бұрын

    Thanks!

  • @carhelpcorner

    @carhelpcorner

    Жыл бұрын

    Thank you!

  • @sanuthomas5334
    @sanuthomas53342 ай бұрын

    Thank you❤

  • @miketumillo7875
    @miketumillo78752 күн бұрын

    I recently purchased a 2022 Toyota Highlander, and I did get an extended warranty 7-year 100k miles. Our SUV came with 25k miles on it and even though it's a Toyota I don't know if the fist owner drove it hard or not. I rather have a bumper-to-bumper warranty for some peace of mind.

  • @Mike_The_Hog_A_Nator
    @Mike_The_Hog_A_Nator Жыл бұрын

    Stay away or buy a good ext warranty only just before your car warranty goes out. Never buy a warranty when you buy your car! You can get it later. Stay away from Carshield! You've been warned! 🤟

  • @tommingzuo
    @tommingzuo3 жыл бұрын

    Good stuff.

  • @ELPASTORAPOSTOLICO
    @ELPASTORAPOSTOLICO2 жыл бұрын

    Great video. Thank you Do you know if Premier Dealer Services is a good reputation’s company ??? Is $153 monthly a good price for a extended warranty for a 2022 Toyota Tundra Limited ??? Is $1,111 x 72 months a fair payment for such truck ????

  • @carolinejlee89
    @carolinejlee892 жыл бұрын

    I am thinking of buying a Lexus RX350 after watching your recent video. In your expert opinion, is the extended warranty worth it?

  • @jasons5842
    @jasons58423 жыл бұрын

    Why do we have to get the extended warranty at the time of vehicle purchase? Why not buy a 3rd party warranty 2 or 3 years later?

  • @dathyr1

    @dathyr1

    Жыл бұрын

    That is also what I am thinking. We would be paying for a coverage that wouldn't even start till 3 years later. Maybe the cost would be higher getting it later, but at least we could pick a reliable car insurance company. In the mean time, we can see how reliable the new purchased car is in the first 2-3 years under the factory OEM warranty.

  • @TheDandy1122
    @TheDandy1122 Жыл бұрын

    Would you recommend the extended warranty for a 2023 hyundai palasade calligraphy? I'm more worried about the electronic and touch screen

  • @manauryreyes7262
    @manauryreyes7262 Жыл бұрын

    I really can't find this information anywhere but I have a question. Lets say I buy a VW which has a 4yr/50,000 of factory protection & then decided to purchase an extended warranty of 10yr/150,000 miles right before the factory expires. Does this mean it will be covered for an extra 10 yrs on top of the 4yrs or is it only covered until the car marks its 10th year?

  • @nathanchambers985
    @nathanchambers9853 жыл бұрын

    Lifetime warranty for a 2015 Jeep Cherokee= $2300 Amount of warranty work done in 6 years= $6000 Guess who doesn't offer this warranty anymore 😁

  • @Btree33

    @Btree33

    2 жыл бұрын

    If they get 50 ppl to buy it but 10 use it for hey are probably fine w it

  • @samjam6989

    @samjam6989

    Жыл бұрын

    @@Btree33 but its a jeep so those 50 probably use it very well 😉

  • @viveksoty

    @viveksoty

    Жыл бұрын

    Jeep in general might as well not sell their shit boxes. :(

  • @kennethsaeger59
    @kennethsaeger592 жыл бұрын

    Buying a brand new 2021 Mazda CX-5. 10 year 150k mile warranty offered for $52 extra a month for 75 months. I plan to drive Uber and Lyft on the side. Should I take the Warranty??

  • @Adon77
    @Adon772 жыл бұрын

    Good advice my question is if I don’t want it can I refuse at the dealer even if I financing the vehicle

  • @cwilliams9602
    @cwilliams9602 Жыл бұрын

    can you tell us where to buy extended warranty other than the dealer?

  • @Chacha12355
    @Chacha1235514 күн бұрын

    I think you should I just did and the reason is is because of for your protection and peace of mind. I just bought a 2023 well a year ago I bought a 2023 tundra platinum and I bought the extended warranty so it’s guaranteed for 10 years or 100,000 miles and boy my glad I did. These motors are failing.😊 and also I’ll have one more thing they don’t make cars like they used to these cars nowadays they have so much electrical components on them for everything that they have that things break and you’ll be out-of-pocket if you don’t get it nothing last forever now they make things cheap

  • @malkahavah5853
    @malkahavah58532 жыл бұрын

    Are dealerships allowed to take your refund check towards the car payment without speaking to you?

  • @jackdawson3276
    @jackdawson3276 Жыл бұрын

    Most extended warranties on most vehicles are not worth it. However, it may be worth it on a European luxury car. I purchased a full warranty with RoadVantage from the dealer I just bought my 2018 Porsche Panamera from. I only paid 4k for a 6 year 80k mile warranty. The vehicle has 13k. The warranty covers almost everything, including the airbag suspension, front end components, bushings etc. Pretty much only the exhaust, rust, and brake rotors/pads arw not covered. I have the car 2 months and already used it for a faulty AC o-ring. RoadVantage covered the ORings as well as the cost to refill the AC system with freon. The bill was $600. They authorized the repair in 2 hrs! With Porsche, not much needs to break to make this warranty worth it. Each airbag strut is over $2800 to replace! This of course is the exception. Toyotas go 150k+ miles with no issues at all. Even American cars will go at least 80-100k miles before they may need a major repair, and most of the time l, it's not that expensive to fix.

  • @iampartsched
    @iampartsched2 жыл бұрын

    Struggling with this currently. I have a Ford Maverick and was offered a 100k 10 year for 2,900. It is not OEM, it is the dealer’s private warranty plan with a “vanishing deductible” if you repair with them. Outside them it is $100 no claim limit. They have been around 73 years and are one of the largest parts suppliers in the state (even owning a Napa). It is a first year model and unknown, 100k/10 yr at $2900 is far better than the 72k/6r at $3600. But both of those include the factor 36k 3 year. The plan is to keep the vehicle 8-10 years. It is a comprehensive warranty.

  • @imaramblins

    @imaramblins

    Жыл бұрын

    It's been a year. What did you do? And why would they charge more for less? I'm guessing you were saying the $3,600 warranty was the OEM vs. the $2900 which was not?

  • @iampartsched

    @iampartsched

    Жыл бұрын

    @@imaramblins 3,600 was third party, 2,900 was dealer’s personal warranty plan (neither were factory extended) I went with MBI through my insurance which is essentially the same but broken into premium increase of a small amount ($21 per month)

  • @imaramblins

    @imaramblins

    Жыл бұрын

    @@iampartsched Thanks. Sounds like you made a good choice. $21 per month for some extra peace of mind vs. some charging $1-200 extra on your monthly payments is like night and day.

  • @jazzbayer8404
    @jazzbayer84044 ай бұрын

    Very informative. I'm thinking of buying a Toyota Corolla Cross Hybrid and I have never purchased an extended warranty in the past. Should I reconsider that if buying a hybrid? Seems like they have a great warranty already.

  • @kidhusky
    @kidhusky Жыл бұрын

    I'm buying a 2022 Toyota Highlander hybrid is it worth the money to purchase the extended warranty if I'm planning on keeping the vehicle long term?

  • @lula0527
    @lula05272 жыл бұрын

    I will refinance my end-residual and keep my Audi A3 2019 with 20,000 miles. Should I really need a Extended Warranty? Is better with Audi Dealer or a 3rd party ?? Thanks

  • @marydupree27
    @marydupree2711 ай бұрын

    no questions right now, but did subscribe in case i do..

  • @davewilton3101
    @davewilton3101 Жыл бұрын

    I bought a 2019 Honda passport new (3 year/ 60k km original warranty) and bought the extended warranty. Now in year four i estimate i have received $5k in repairs since the end of the basic warranty. Who'd a thought with a Honda - I've had many electrical issues and they are still not fixed.

  • @gbriank1
    @gbriank1 Жыл бұрын

    2023 BMW X3 M40i. Want an extension for 84 months/75,000 miles. Also want a rim & tire coverage.

  • @roninmcloven4600
    @roninmcloven46002 жыл бұрын

    Hello.. I am planning to buy the new 2022 kia seltos ex .. Do i need to but the extended warranty?! .. Thank you

  • @angeljurado33139
    @angeljurado331392 жыл бұрын

    I need to buy a great car warranty in Miami, FL. any recomendations?

  • @Commonmobilenotary
    @Commonmobilenotary3 жыл бұрын

    I am getting a 2013 accord should I get a 3rd party warranty?

  • @MrMikeRice
    @MrMikeRice Жыл бұрын

    Getting a great deal at my work on a used Lexus UX250 with 60k miles on it. Can’t decide what to do warranty wise. (There’s 10k left on the power train, battery is up to 150) Is it worth getting coverage due to the first owner adding on 60 miles in two years? I won’t be driving it anywhere near that much.

  • @ezye4567
    @ezye45672 жыл бұрын

    Hi I have plan to buy 2022 toyota corolla, they offer lifetime extended warranty for 1500 Canadian, should I get it or not?

  • @enr1997widget
    @enr1997widget3 ай бұрын

    lol my Volkswagen is 11 years old with 135k on the meter and is the best car I have ever owned. Has never broken down

  • @AbedElkassih
    @AbedElkassih2 жыл бұрын

    What about gap insurance.? Is it good investment.?

  • @akisushi8092
    @akisushi8092 Жыл бұрын

    Hi! I need help. So I bought 2023 Honda civic sport, and just got an extended car warranty, should I just cancel it?

  • @Jenny-uw2ij
    @Jenny-uw2ij Жыл бұрын

    Hi everyone, I just bought a new Dodge Durango and was given third party extended warranty Eg Assurance. Wondering if thats a good insurance or if I should even cancel it? Is it worth it..I still have a older car so I wont be driving the durango all the time.

  • @shahvatsal2391986
    @shahvatsal23919863 жыл бұрын

    Wow. Very useful video. Hi Shari, Iam Planning to buy Acura RDX Advance Package 2019-2020 used under 20k miles and plan to keep car for long. I am getting very conflicting information over internet about Acura Reliability and confused me. Do you recommend buying warranty for Acura RDX ?

  • @carhelpcorner

    @carhelpcorner

    3 жыл бұрын

    The Acura RDX is known to be fairly reliable. It is, however, packed with advanced technology and there are many potential high cost repairs to could happen down the road. I think an Acura extended warranty plan would be a good idea if you do a lot of driving and can negotiate a good price with the dealer

  • @M13x13M
    @M13x13M3 жыл бұрын

    It’s never worked out economically for me. If it did they would not offer it.

  • @vincentsantoiemma5501
    @vincentsantoiemma5501 Жыл бұрын

    I keep hearing how bad CVT transmissions are and also hear that Hyundai & Kia engines keep going on fire. Question is which should I avoid buying since I will be buying my son a used car. I thank you for your feedback.

  • @An_Enraged_Pig

    @An_Enraged_Pig

    Ай бұрын

    I’ve had my 2016 mission maxima until now

  • @jtjt8331
    @jtjt83319 ай бұрын

    If you buy domestic court, yes get an extended warranty only from the dealer not from a third-party warranty company in Toyota Honda Lexus you don’t need a #Warranty they’re just amazing vehicles with extreme reliability

  • @TheHotisfcuk
    @TheHotisfcuk3 жыл бұрын

    Your videos awesome bruh thanks alot (subscribe)

  • @carhelpcorner

    @carhelpcorner

    3 жыл бұрын

    Thank you!

  • @KawsarK
    @KawsarK3 жыл бұрын

    Hello, would you say a Volvo XC90 is recommended for an extended warranty plan?

  • @carhelpcorner

    @carhelpcorner

    3 жыл бұрын

    Absolutely. Volvos are expensive to repair out of warranty and the reliability is only so-so. Extended warranty makes sense for this one

  • @IdontKnow-fd6rp
    @IdontKnow-fd6rp6 ай бұрын

    Depends on the car. Domestic and Japanese cars probably not, but anything German like my M4, hell yes

  • @akhilthomas919
    @akhilthomas919 Жыл бұрын

    Hello I am doing a lease buyout on my 2019 Honda civic they have offered me an extended warranty I guess it's worth 3000 cad is it worth it ? Should I say yes or no to it ?

  • @billyrock8305
    @billyrock83053 жыл бұрын

    No. NEVER. Profit padding for dealer. The fine print means the dealer won’t cover you if you have any expensive or major repair claims.

  • @supersonicz06

    @supersonicz06

    2 жыл бұрын

    False information

  • @billyrock8305

    @billyrock8305

    2 жыл бұрын

    @@supersonicz06 Fact.

  • @jaysant6958
    @jaysant6958 Жыл бұрын

    Can you still buy warranty after a lapse of no warranty?

  • @susanmeredith4957
    @susanmeredith49572 жыл бұрын

    Thanks for the info. Buying a RAV4 hybrid (if it ever gets here). Considering their extended warranty 72/100,00km because of all the tech in the car with sensors, cameras, etc. Gold vs platinum plan? Any insights? Also how much $ can I ask price to be reduced? $500? $800?

  • @carhelpcorner

    @carhelpcorner

    2 жыл бұрын

    I think the Gold plan is the best value. It is a comprehensive plan so it covers all the most important and expensive parts. In the case of Toyota, dealers usually can't budge too much from the price on the Toyota website. I would say 10% discount at most.

  • @susanmeredith4957

    @susanmeredith4957

    2 жыл бұрын

    @@carhelpcorner thank you so much!

  • @vinicrusher
    @vinicrusher3 жыл бұрын

    Hi awesome video. I looking at a used volvo xc40 2019 with 15k km on it. Volvo used cr warranty is 6yror 160km. Would you recommend taking extended warranty after for after the 6yr?

  • @carhelpcorner

    @carhelpcorner

    3 жыл бұрын

    Thanks! Yes for sure. Volvos can be quite complicated and expensive to repair. The warranty should be money well spent, especially if you drive more than 20k per year. Just make sure to negotiate the price!

  • @vinicrusher

    @vinicrusher

    3 жыл бұрын

    @@carhelpcorner thanks a lot. I've send you a message on ig @smileyvince for more detailed question :-)

  • @nore8141
    @nore81417 ай бұрын

    I’m looking at a Subaru Forester 2024 and should be receiving it in mid January 2024. My last forester I had the extended warranty and on the fence about getting a extended warranty on this one. Any thoughts on what I should do? Love your channel and enjoy the content ❤

  • @oVoiding

    @oVoiding

    6 ай бұрын

    Subaru comes with a 3year/36k limited warranty. If you plan on owning the car for 5+ years definitely consider the warranty. Most consumers trade cars between 3-5 years as that's most manufacturers base warranty coverage. 3year/36k limited and 5year/60k powertrain. Your not generally going to see any issues within the first 3-4 years of ownership but around year 5-6 is when you have to start worrying about electronic failures. The amount of semiconductors on new vehicles is insane and I've personally used a warranty that covered $2600 of repairs for a fuel injector replacement on a Honda Fit I purchased for my girlfriend. I paid $2850 for a 10 year, 150k full comprehensive warranty. We have had the car since 2019 and I had the fuel injectors replaced them right at 65k miles (My luck). My warranty has only a $100 deductible and I still have another 5 years and 80k miles at this point where pretty much any repair is going to succeed the cost of the warranty. I just got myself a new Honda HRV and I bought the 10 year 150k for that as well for around $3000. I wouldn't buy a new car that I plan on keeping without a warranty especially with the risk of part and labor inflation in the next few years.

  • @JP-nisu_2
    @JP-nisu_23 жыл бұрын

    I’m looking a a new 2021 Jeep Wrangler sport “manual transmission”, would I need the extended warranty or not?

  • @carhelpcorner

    @carhelpcorner

    3 жыл бұрын

    If you do a lot of driving I would consider it. Jeeps have a a reputation for average reliability at best so there is a good chance you could take advantage of the extended warranty. Just make sure the plan has comprehensive coverage and negotiate a good price

  • @latashakelley3550
    @latashakelley35503 жыл бұрын

    I work at a dealership and just bought a 2017 Chevy Cruze with. 39,000 I felt they were taking care of me because I’m an employee but now I’m not sure. When I got into the finance manager instead of just signing papers I ended up agreeing to a service contract for 72 months/72k miles.. it’s 2600$ do u think I got had? I drive about 15k miles a year

  • @lesterparker1594

    @lesterparker1594

    2 жыл бұрын

    You got had as soon as you bought the Cruze. Notorious for low reliability.

  • @CollinsisaJewel
    @CollinsisaJewel Жыл бұрын

    Where does one research to find out if an extended warranty company is reputable? Many warranty blogs or websites are simply trying to promote their own product. My next step is to go through your channel to find this answer.

  • @joaquinelectric1
    @joaquinelectric111 күн бұрын

    Why to buy a bad car at first 😅 I’m doing my homework right now., still have some time before I close a deal ., I know I’m buying a good truck but still wanted to have a peace of mind if anything happens., the only thing I has to pay until my Loand ends .,is like I’m just throwing money to the garbage

  • @getjocy1
    @getjocy12 жыл бұрын

    I am in the process of buying Hyundai Tucson 2012 ($12500) and my dealer is pushing me to buy $2800 warranty as I am doing financing and putting $7000 down payments

  • @Rough-inevitable
    @Rough-inevitable10 ай бұрын

    We were told extended warranty needed to be purchased before taking the vehicle home.

  • @stevekaminski9182

    @stevekaminski9182

    3 ай бұрын

    Not true, you can get a oem warranty as long as its before your original 36,000 mile warranty expires

  • @j1035ak
    @j1035ak2 жыл бұрын

    What about a Acura NSX 2017-2021?

  • @FrankKong-gs4ov
    @FrankKong-gs4ov2 ай бұрын

    Going to buy 3-year old Volvo T8 SUV at end of my lease term. extended warranty will cost 6k to cover 5 years. Should I buy the extended warranty?

  • @dathyr1
    @dathyr1 Жыл бұрын

    How do you know the dealership is giving me an OEM extended warranty??? What if the dealership says it is an OEM warranty, but realistically it is not??? They also at the dealership have what is called gap insurance, which not to sure what that covers at this time. For only 2 more years at the cost the extended warranties provide, might as well save that 1500-2000 dollars and just make the repair on the high end repair item. I have had a Monte Carlo for 21 years with 109,000 miles on it now and just paid for the high end repairs over the years which were very few and far between type repairs. I see these car protect plans on TV ads and know most of these are scam insurance companies that don't live up to their policy claims. Like one person said in the comments here, How can you trust any of them when I do have or get a problem. We don't have to get an extended warranty at the dealership and can sign up for one later on if it might be needed. Something for me to think about before my purchase. thanks for the video and take care.

  • @jazziecat2354
    @jazziecat2354 Жыл бұрын

    I am looking at 2015 Honda I drive 2days a week I work at home and just drive Friday and Sunday at 64yrd old I do not go much I SHOULD BE OKAY!!

  • @sidharthchand8072
    @sidharthchand80723 жыл бұрын

    It’s better to get a pre-purchased inspection aftermarket warranties have so many loopholes you need to be a lawyer

  • @timtim7906
    @timtim79062 жыл бұрын

    Hi, thanks for the useful info . I purchased a used 2017 Audi Q7 with 40k miles on it . Should I take extended warranty from Audi or a third party, Silverrock ( offered by the dealer ) ? Audi - 4yrs /100k & Silverrock - 5 yrs /120k odometer miles . Both almost cost the same ( almost same coverage) . Your advise is highly appreciated.

  • @PoweredByLS2

    @PoweredByLS2

    2 жыл бұрын

    I'd go with the Audi one just to play it safe.....

  • @tylerwilliams5850

    @tylerwilliams5850

    2 жыл бұрын

    Do you homework like he said, how can you say thank you for the useful advice and not use it. If you don’t understand what he was talking about just say it or watch the video over again.

  • @FloridaMark1611
    @FloridaMark16113 жыл бұрын

    Never

  • @tomb9758
    @tomb97582 жыл бұрын

    I have saved over $23K in 24 years (After a few replacements and repairs) NOT buying any Extended Service Contracts on anything......More than enough to pay for repairs and replacements.

  • @juliegordon8952
    @juliegordon89527 ай бұрын

    I am confused .. I am buying at toyota Rave… are you saying to purchase on this reliable vehicle?

  • @worknchillblog1213
    @worknchillblog12133 жыл бұрын

    Hi, I am looking to buy a Lexus ES350 2010 with 56k mileage. Should i get extended warranty or no?

  • @carhelpcorner

    @carhelpcorner

    3 жыл бұрын

    The Lexus ES 350 is a very reliable car. If a mechanic gives it a pass on an inspection you should be okay without it. The third party warranties that dealers offer on older cars are typically not very useful anyways unless they come from a very good company.

  • @ek.7914
    @ek.79142 жыл бұрын

    I am about to buy a Mercedez EQS450+ Premium Level which is ~$105,000. As of now due to the shortage of Chips as well as the new car, what is the best price to get now? Same question... Should I get the EXTENDED Warranty?

  • @carhelpcorner

    @carhelpcorner

    2 жыл бұрын

    The short answer would be MSRP with no unnecessary fees or markups. And yes, an extended warranty on a car this complicated and expensive is a good idea.

  • @Se7en_e1even
    @Se7en_e1even Жыл бұрын

    I didn’t watch the vide, but I used to do finance and sell this. If you like paying 3 times the cost of the dealership then sure. To put it simply, Dealership cost is $950 and sell it to you for $3,000. So you tell me.

  • @nikaalba8730
    @nikaalba87302 жыл бұрын

    Can you pay for just the warranty in cash upfront when purchasing a car?

  • @carhelpcorner

    @carhelpcorner

    2 жыл бұрын

    Sure can!

  • @Ciangi87
    @Ciangi872 жыл бұрын

    I just bought a 2022 ram 1500 and bought the 8 years 125,000 warranty because this is my first dodge

  • @garysgarage.2841

    @garysgarage.2841

    Жыл бұрын

    What was the price for that warranty? I keep getting letters from dodge for my 22 to buy the same thing

  • @Ciangi87

    @Ciangi87

    Жыл бұрын

    @@garysgarage.2841 $2800

  • @JackOfHearts42
    @JackOfHearts423 жыл бұрын

    Hi Shari. My employment situation changed AFTER I got myself a new MINI. I have now blown past the original warranty in 2 years. Is it possible to buy a new warranty after the original expired? If so, would that be recommended considering my brand & amount of driving? I've had to pay for just a few small repairs already at 3 years of ownership.

  • @carhelpcorner

    @carhelpcorner

    3 жыл бұрын

    Yes I would definitely recommend the extended warranty. Mini is comparable to BMW with high repair costs and so-so reliability at best. You probably won't be able to buy an OEM Mini warranty plan since your original warranty expired so you'll need to find a good aftermarket option. Watch the second half of the video where I explain what to look out for when shopping aftermarket warranty companies.

  • @kathyweston8427

    @kathyweston8427

    Жыл бұрын

    Hi Shari I just bought a 2019 XT4 with 50000 km. Should I get the extended warranty from an aftermarket company or can I get it from an OEM?

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