Originally Posted by exranger06
You'd have to drive over 33k miles per year to accumulate 500k miles in 15 years. Who drives that much? If you drive a more realistic 12-15k miles per year, you'll have between 180-225k miles after 15 years. Most people won't come close to 500k, and the dealer knows it. But they get to make people think, "Ohh wow 500k miles! That's unbelievable/that's the best warranty I've ever heard of! I can drive practically forever without worrying about repairs!" Except they don't realize they won't come close to that mileage, and they don't read the fine print, and they don't realize the amount of money they'll spend doing all that "required" maintenance at the dealer. Or at least the dealer is hoping they won't think of any of that.
And the dealer knows that no matter how good the warranty is, most people will trade the car in after 5-7 years anyway for one reason or another, at which point the car will probably have less than 100k miles and it'll probably still be under the factory warranty! But the dealer STILL made a ton of money because the first owner brought it in for all of that "required" maintenance to keep that incredible warranty intact.
I bought my car new, in late Feb this year. I have a little over 26k miles on it. What do you do, just look at yours or something? Drive!
Also, my girlfriend has a car with such warranty except its unlimited miles and lifetime. They allow you to service it anywhere, just report it back to them so they log it, and keep the receipt. The only services required are in the manufacturer's manual for the vehicle, at the specified intervals. No weird stuff.