ARTICLE: Extended Warranties. Yes or No?

vivekiny2k · 17th July 2010, 11:22

I thought so, I didn't realize they added it until I was signing the last few pages with the numbers. I had just inquired if they offer any. Have to call them and cancel tomorrow, it has a 30 day cancellation if no claims are made.

navan49 · 22nd July 2010, 02:45

For me it look like a trap. 3rd year warranty has nothing to do with the high running customer. For me an average run is above 35-40k per year. Once I use for 2 years it will be around 75-80k. It is wise to part that and go for the new one.

ghodlur · 22nd July 2010, 10:22

Extended Warranties are a must be it new or preowned. I did not have an oppurtunity of getting an EW for my earlier Santro since I had ignored it when it was offered to me when I booked the car. I forgot it completely and after two years Hyundai refused to give me the EW when I was in the third year of the car possession. Hurt me a lot.

Its always to get additional warranty. But I feel that manufacturers themselves should increase the warranty period to a min of 4 years instead of making it an incentive sort of mainly used during the negotiations.

PearlYamaha · 22nd July 2010, 12:30

In my experience, EW is a must buy. EW saved a lot on my service bills in during the third and fourth year for my Ford Fiesta 2006. They replaced Steering rack for oil leak, washer can and motor, AC parts (IIRC a motor or some sort), reverse gear switch, etc. I had more than recovered my EW premium.

New.Novice · 5th August 2010, 13:36

I bought third year extended warranty for My Fiesta Petrol I bought in APril 2010. And I am planning to buy fourth year too in given time. To add to that, I even bought the Total Maintenance Plan for 3 Years/30000 Kilometers as well. And I did this only on the advice of a couple of people I know who owns a Ford. Total cost incurred so far on EW and TMP is close to 32K so far. It will increase once I buy fourth year EW as well.

I had extended warranty for my M800 I bought in January 2004 and did not use it even once when it lapsed in jan2008.

So, if I go with my personal experience I should not have invested so heavily on EW/TMP's for my new vehicle.

[COLOR=black]So at the end of the day it depends on the product you are buying (known knowledge in the market) and your appetite to take risk. A combination of both tells you what is the right solution for you.[/COLOR]

I thought with Ford I had to be extra cautious and add my approach towards "Its better to be safe than sorry" to it, I thought I needed it and I bought it.

jkdas · 19th August 2010, 13:16

You need one

. Peace of mind.

I should have got one in time ( I missed the time period to get it or Tata changed the rules)

adnaps · 19th August 2010, 13:25

1. Most of us buy insurance and never use it.
2. The manufacturer offers warranty since they know that in most cases it will not be used.

Just in case you happem to be the unlucky one to be the exception from the statistical trendline, it is not a bad idea to be prepared - but it is an individual choice.

vnabhi · 19th August 2010, 15:07

I took EW for 2 years beyond the manufacturer's 2-year warranty for my Ford Fiesta 1.6.
In the 3rd and 4th year, they changed the AC fan motor and the rear window regulator mechanism, so I got back whatever I'd paid for.

Edit: I regret not taking EW for my WagonR when I bought it way back in 2001. I thought it was not needed as it was a Maruti. A month after the 2-year warranty was over, the right side drive shaft started showing sounds of wear, and so did the tie rods. I waited for 4 more years to get the drive shafts fixed (both sides). I do remember paying for the tie rods getting fixed properly.

predatorwheelz · 21st September 2010, 07:16

I have a Verna CRDI which has logged 30K kms and will complete 2 years on 27th Sep 2010. The ownership experience has been hassle free so far, with only regular servicing required. Except front brake pads, which required change at 27K kms, no other replacements needed.

The service advisor is asking me to go in for 3rd year extended warranty,which is a cool 10K out of pocket. However I'm in 2 minds.

So far the car has not seen a single spot of trouble. I do realize that 3rd year will necessarily entail higher maintainence. Cost of Hyundai's suspension and cycle components is not that high. Can be paid out of pocket even if 3rd year warranty is not availed. The only spot of bother, I'm told, is engine parts and turbo, which are very expensive. But with the kind of mileage I log, the car will do max another 15K over the next year. Isn't accounting for engine failure at such a low mileage (45K) fairly ridiculous?

So tech gurus (and fellow Verna owners) kindly advise me. Considering your experiences with older Verna CRDIs, is going in for 3rd year warranty really necessary?

Note to the mods: I have posted this in the technical section as I'm expecting a fairly technical analysis of the Verna's long term ownership problems, and consequent solutions.

ArunV · 21st September 2010, 07:25

Even i am in a similar situation. My verna CRDi will complete 2 years in december. The car hasnt run much as I am out of india for last 1 year. It has completed only 13k.

Need you suggestions whether to go in for 3rd year warranty or not.

intoxicangel · 21st September 2010, 15:30

Well I suggest you take extended warranty!! We had a Verna CRDi which was our family car and in the 3rd year we had a turbo failure!! An new one would set us back by about 60k apparently by the service center, but thanks to warranty it was replaced.

Engine bushes also gave major issues and under warranty period they were replaced by the company due to faults they detected in the installation during the turbo replacement.

Ofcourse, that is the only reason why warranty was useful for us!!

NOS Power · 21st September 2010, 16:53

Quote:

Originally Posted by intoxicangel

Well I suggest you take extended warranty!! We had a Verna CRDi which was our family car and in the 3rd year we had a turbo failure!! An new one would set us back by about 60k apparently by the service center, but thanks to warranty it was replaced.

Engine bushes also gave major issues and under warranty period they were replaced by the company due to faults they detected in the installation during the turbo replacement.

Ofcourse, that is the only reason why warranty was useful for us!!

That's a startling point there. A turbo failure in the 3rd year itself. How much mileage did the CRDi clock till the turbo failure?

Also did you always after stopping your car wait for a minute before switching off the engine?

rk_sans · 27th December 2010, 14:41

I have a 18 months old i10, i was thinking about EW and got the quote as follows,
Rs.3000 for 3rd year
Rs.6550 for 3rd and 4th Year.
Is it worth going in for EW. As of now the vehicle has run for 17k.

shankar.balan · 27th December 2010, 15:04

Definitely worth investing the few thousands in the extended warranty for complete peace of mind especially in case of things like Turbo charger etc.

Sajuanchorage · 3rd January 2011, 11:56

The possibility of delaying any spare replacement by the dealer during extended warranty and
immediately on completion of warranty period, the owner finds lots of spare replacement requirements in short span of time.

17th July 2010, 11:22	#136
vivekiny2k Senior - BHPian Join Date: Feb 2005 Location: cincinnati, jabalpur,chennai Posts: 1,264 Thanked: 209 Times View My Garage	I thought so, I didn't realize they added it until I was signing the last few pages with the numbers. I had just inquired if they offer any. Have to call them and cancel tomorrow, it has a 30 day cancellation if no claims are made.
	() Thanks

22nd July 2010, 02:45	#137
navan49 Senior - BHPian Join Date: Nov 2009 Location: CHENNAI Posts: 1,000 Thanked: 73 Times View My Garage	For me it look like a trap. 3rd year warranty has nothing to do with the high running customer. For me an average run is above 35-40k per year. Once I use for 2 years it will be around 75-80k. It is wise to part that and go for the new one.
	(1) Thanks

22nd July 2010, 10:22	#138
ghodlur Senior - BHPian Join Date: Sep 2009 Location: Thane Posts: 6,010 Thanked: 4,200 Times View My Garage	Extended Warranties are a must be it new or preowned. I did not have an oppurtunity of getting an EW for my earlier Santro since I had ignored it when it was offered to me when I booked the car. I forgot it completely and after two years Hyundai refused to give me the EW when I was in the third year of the car possession. Hurt me a lot. Its always to get additional warranty. But I feel that manufacturers themselves should increase the warranty period to a min of 4 years instead of making it an incentive sort of mainly used during the negotiations.
	() Thanks

22nd July 2010, 12:30	#139
PearlYamaha BHPian Join Date: Jun 2010 Location: DFW Posts: 56 Thanked: 8 Times	In my experience, EW is a must buy. EW saved a lot on my service bills in during the third and fourth year for my Ford Fiesta 2006. They replaced Steering rack for oil leak, washer can and motor, AC parts (IIRC a motor or some sort), reverse gear switch, etc. I had more than recovered my EW premium.
	() Thanks

5th August 2010, 13:36	#140
New.Novice BHPian Join Date: Jul 2010 Location: Gurgaon Posts: 195 Thanked: 216 Times	I bought third year extended warranty for My Fiesta Petrol I bought in APril 2010. And I am planning to buy fourth year too in given time. To add to that, I even bought the Total Maintenance Plan for 3 Years/30000 Kilometers as well. And I did this only on the advice of a couple of people I know who owns a Ford. Total cost incurred so far on EW and TMP is close to 32K so far. It will increase once I buy fourth year EW as well. I had extended warranty for my M800 I bought in January 2004 and did not use it even once when it lapsed in jan2008. So, if I go with my personal experience I should not have invested so heavily on EW/TMP's for my new vehicle. [COLOR=black]So at the end of the day it depends on the product you are buying (known knowledge in the market) and your appetite to take risk. A combination of both tells you what is the right solution for you.[/COLOR] I thought with Ford I had to be extra cautious and add my approach towards "Its better to be safe than sorry" to it, I thought I needed it and I bought it.
	() Thanks

19th August 2010, 13:16	#141
jkdas Senior - BHPian Join Date: Sep 2005 Location: Thiruvananthapu Posts: 9,687 Thanked: 1,492 Times View My Garage	You need one . Peace of mind. I should have got one in time ( I missed the time period to get it or Tata changed the rules)
	() Thanks

19th August 2010, 13:25	#142
adnaps BHPian Join Date: Mar 2008 Location: Bangalore Posts: 195 Thanked: 119 Times	1. Most of us buy insurance and never use it. 2. The manufacturer offers warranty since they know that in most cases it will not be used. Just in case you happem to be the unlucky one to be the exception from the statistical trendline, it is not a bad idea to be prepared - but it is an individual choice. Last edited by adnaps : 19th August 2010 at 13:29. Reason: Correction
	() Thanks

19th August 2010, 15:07	#143
vnabhi Senior - BHPian Join Date: May 2007 Location: DC -> DC Posts: 5,958 Thanked: 2,393 Times View My Garage	I took EW for 2 years beyond the manufacturer's 2-year warranty for my Ford Fiesta 1.6. In the 3rd and 4th year, they changed the AC fan motor and the rear window regulator mechanism, so I got back whatever I'd paid for. Edit: I regret not taking EW for my WagonR when I bought it way back in 2001. I thought it was not needed as it was a Maruti. A month after the 2-year warranty was over, the right side drive shaft started showing sounds of wear, and so did the tie rods. I waited for 4 more years to get the drive shafts fixed (both sides). I do remember paying for the tie rods getting fixed properly. Last edited by vnabhi : 19th August 2010 at 15:10.
	() Thanks

21st September 2010, 07:16	#144
predatorwheelz Senior - BHPian Join Date: Feb 2009 Location: Delhi/Kolkata Posts: 1,720 Thanked: 1,979 Times View My Garage	Hyundai Verna CRDI: Is 3rd year warranty really necessary? I have a Verna CRDI which has logged 30K kms and will complete 2 years on 27th Sep 2010. The ownership experience has been hassle free so far, with only regular servicing required. Except front brake pads, which required change at 27K kms, no other replacements needed. The service advisor is asking me to go in for 3rd year extended warranty,which is a cool 10K out of pocket. However I'm in 2 minds. So far the car has not seen a single spot of trouble. I do realize that 3rd year will necessarily entail higher maintainence. Cost of Hyundai's suspension and cycle components is not that high. Can be paid out of pocket even if 3rd year warranty is not availed. The only spot of bother, I'm told, is engine parts and turbo, which are very expensive. But with the kind of mileage I log, the car will do max another 15K over the next year. Isn't accounting for engine failure at such a low mileage (45K) fairly ridiculous? So tech gurus (and fellow Verna owners) kindly advise me. Considering your experiences with older Verna CRDIs, is going in for 3rd year warranty really necessary? Note to the mods: I have posted this in the technical section as I'm expecting a fairly technical analysis of the Verna's long term ownership problems, and consequent solutions. Last edited by predatorwheelz : 21st September 2010 at 07:17.
	() Thanks

21st September 2010, 07:25	#145
ArunV BHPian Join Date: Feb 2009 Location: Kochi, Bangalore Posts: 203 Thanked: 81 Times	Even i am in a similar situation. My verna CRDi will complete 2 years in december. The car hasnt run much as I am out of india for last 1 year. It has completed only 13k. Need you suggestions whether to go in for 3rd year warranty or not.
	() Thanks

21st September 2010, 15:30	#146
intoxicangel BHPian Join Date: Nov 2009 Location: Auckland Posts: 96 Thanked: 11 Times	Well I suggest you take extended warranty!! We had a Verna CRDi which was our family car and in the 3rd year we had a turbo failure!! An new one would set us back by about 60k apparently by the service center, but thanks to warranty it was replaced. Engine bushes also gave major issues and under warranty period they were replaced by the company due to faults they detected in the installation during the turbo replacement. Ofcourse, that is the only reason why warranty was useful for us!!
	() Thanks

27th December 2010, 14:41	#148
rk_sans Senior - BHPian Join Date: Nov 2009 Location: Bangalore Posts: 1,037 Thanked: 969 Times View My Garage	Re: ARTICLE: Extended Warranties. Yes or No? I have a 18 months old i10, i was thinking about EW and got the quote as follows, Rs.3000 for 3rd year Rs.6550 for 3rd and 4th Year. Is it worth going in for EW. As of now the vehicle has run for 17k.
	() Thanks

27th December 2010, 15:04	#149
shankar.balan BANNED Join Date: Apr 2008 Location: Bangalore Posts: 11,368 Thanked: 23,150 Times View My Garage Infractions: 0/2 (8)	Re: ARTICLE: Extended Warranties. Yes or No? Definitely worth investing the few thousands in the extended warranty for complete peace of mind especially in case of things like Turbo charger etc.
	() Thanks

3rd January 2011, 11:56	#150
Sajuanchorage BHPian Join Date: Apr 2009 Location: Cochin Posts: 32 Thanked: 4 Times	Re: ARTICLE: Extended Warranties. Yes or No? The possibility of delaying any spare replacement by the dealer during extended warranty and immediately on completion of warranty period, the owner finds lots of spare replacement requirements in short span of time.
	() Thanks