AB/S05Bean Posted November 18, 2004 Share Posted November 18, 2004 Since we were going all out when we bought our first subie,an 05 OB LLBean, we went ahead and payed the extra 6 or 7 bucks a month for the Ext. warr.. I figured it should be a good deal since Subaru is backing it themselves, and not some shmuck insurance company. Has anyone had any good or bad experience with Subies extended warranty? Link to comment Share on other sites More sharing options...
outback_97 Posted November 18, 2004 Share Posted November 18, 2004 You'll get a lot of differing opinions here, but I think it's worth it. You bought the first year of a major redesign, so it's possible there will be some bugs. These cars aren't exactly cheap to fix, compared to domestics anyway. Is the peace of mind worth a few bucks a month? It is to some people, including me. We bought my wife's '03 TS new, on a five year loan. We opted for a six year / 60K mile extended warranty, which most likely will go to six years as we don't drive this car over 10K miles a year (it's under 15K now). I wanted to have the car covered for at least the term of the loan, even if we don't pay it off early. We did negotiate a $0 deductible for the $100 deductible price, so at least if there is a problem we'll have no out of pocket expense. My $.02 Steve Edit: FWIW, my '97 had a 3rd party service contract. I had the following things replaced / repaired under that: Some oil leaks, power steering pump, and two front struts. It paid for itself, I pretty much broke even even figuring in the deductibles and don't regret purchasing it. If I had put this same $$ in the late '90s in the stock market... would it have been any better of an investment? Most likely not Link to comment Share on other sites More sharing options...
cookie Posted November 18, 2004 Share Posted November 18, 2004 warranties. For example I bought my Subie used from a private party and over a couple of years have put several thousand dollars into it. Maybe two thousand I would have expected. I owned a BMW with a four year extended warranty over the same period and put no unexpected dollars into it. Somebody with a 93 Legacy that works on it themselves would probably tell you it is a waste of money and costs as much as some cars. For busy middle class folks you may have made the right choice because you know pretty much what you are going to spend and can budget it. Link to comment Share on other sites More sharing options...
northguy Posted November 18, 2004 Share Posted November 18, 2004 Kind of depends on how long you plan to keep the car. Most owners change vehicles every 3 - 4 years. If you're looking at running the thing until it rots out from under you, then it might be a good buy. Otherwise, forget about it. Link to comment Share on other sites More sharing options...
ezapar Posted November 18, 2004 Share Posted November 18, 2004 My Mom bought an ' 03 Outback. Came with 6 years of warrantee. They wanted to sell her a couple more years for 2 grand or so. I asked her if she really thought she's own the car for more than 6 years. . . She said no. I advised her that Subarus are by no means as durable as they use to be and told her to sell it after 5 years and get something newer. She opted not to buy the warrantee. The saleman at Carter Subaru, who'd been the friendliest guy on the planet, immediatly turned into a wongleflute. Dummy thought he'd come down a little on the sticker so he could sell a warrantee, psyche. When I bought my 97 impreza used, they tried to sell me a warrantee for 1700 bucks. I asked him if he was selling me a quality vehicle? He said yes, but that the average major repair cost around 800 bucks. I told him that even if I brought it in 2 times for major repairs, I'd still have 100 bucks left over. He also turned into a wongleflute. lol Haven't had to do any work on it so far, (knock on wood) I think I made the right choice. Screw that warrantee unless you plan on keeping the car for 9 years. Link to comment Share on other sites More sharing options...
99obw Posted November 18, 2004 Share Posted November 18, 2004 There is a mathematical fact that cannot be changed, the average consumer spends more on the warranty than they file in repair claims, or the warranty companies would go out of business. Link to comment Share on other sites More sharing options...
cookie Posted November 19, 2004 Share Posted November 19, 2004 Just found out today that I will be getting another reman auto trany from SOA. First one replaced at 41K due to delay engaging, apparently a known problem with the 00 Legacy. Replacement lasted 28K and started whining between 40-50 mph then making "knocking" sounds in park or neutral. Thank my lucky stars for extended warranty. __________________ This was from bruesbrother. This is the sort of interesting surprise that extended warrnties prevent. like all insurance they make money on it. Link to comment Share on other sites More sharing options...
gbhrps Posted November 19, 2004 Share Posted November 19, 2004 My two cents worth.........I have a hard time spending $1400 on something I may never need. If I have a concern in that department, I'll take the $1400 and put it into a bank account for car repairs, and add say $25 a month. If I need it for repairs, the money is there. If I don't, then when I replace the car I can put the saved money towards winter tires, accessories, or another repair account on the new car. By the way...say you buy the $1400 warranty and one week later some idiot runs a red light and totals your new car. Where is your extended warranty money now? Again, just my two cents worth, because if having the warranty gives you peace of mind, who am I to say that you're wrong? Link to comment Share on other sites More sharing options...
carfreak85 Posted November 19, 2004 Share Posted November 19, 2004 We paid for the extended warrenty on my Mom's 97 Dodge caravan, and I'll just say that we got our money's worth and then some out of it! Also, the new legacy is not a new car. It has been on sale in Japan for more than a year and was voted car of the year over there. Thats one thing people seem to miss when a Japanese of European car makes it's debut over here, they have, more likely than not, been on sale in their country of origin for some time. Enough time to have the major bugs worked out. Link to comment Share on other sites More sharing options...
outback_97 Posted November 19, 2004 Share Posted November 19, 2004 carfreak85: Good point on the '05 not exactly being brand new... but OTOH... those cars in Japan and Germany, were they made in the same place as the '05's we get in the states? I'm really asking, that's not a rhetorical question. I *think* they were not made in the US, and the ones we buy here would be, right? Not sure where the $1400 and two grand and other figures came from for extended warranties... the original poster said six or seven dollars a month... that's like $400 on a five year loan... not bad in my book. Maybe they were exaggerating and it was a lot more than that, but mine was only around $700 or so... these things are as negotiable as the MSRP of the car itself. But, as others have stated, these things make money for people, or they would not exist. Just like health insurance, etc... Steve Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now