I tend to think so. If I keep the vehicle, I get exactly what I want out of the purchase, near zero repairs costs. If I sell it early, I get a top-dollar priced from the next owner. Win-win? It's an Element AWD, BTW.
You are the "wheeler dealer" of the month - great deal!quote:
Originally posted by Norm Olt:
When we purchased our SVX in 1992 it was the 1st year for this model. It came with a factory 3 yr/36k bumper-to-bumper & 5 yr/60k powertrain warranty.
The people at the dealership almost fainted when I said I was not interested in purchasing an additional 7 yr/100,00k bumper-to-bumper warranty ($50 deductible) for a mere $1,100.00!
"This is the 1st year for this car! It is by far the most powerful expensive Subaru yet produced. You MUST buy this warranty."
I told them I would purchase the extra warranty under one condition: if I never used it I was to get 100% of the $1,100.00 back at either 7 years or 100,000k miles, whichever came 1st... Got this in writing from the Dealer principal too.
7 years later (@ about 85k) I called the dealership and picked up my $1,100.00 three days later.
Wonder if this kind of contractual provision is still available?
Cheers!
p.s. Under the factory warranty the 4EAT transmission (a very sore spot for SVX owners, especially on the '92 model) was replaced @ 54,000 miles. Never had a single problem with it since!
I would get it. Insurance is always great when you need it and bad if you don't. The thing is no matter how bad the factory screwed up your car in the manufacture and how bad the dealer bungles the job..your costs are fixed. That's what I like. The other way, the sky is the limit. And as far as the manufacturer making money on it ..duuuuhhh..they are in business to make money. with that attitude you shouldn't buy a car bc they are making moneyquote:
Originally posted by terminaldegree:
x2 to everything else already stated. The factory-backed extended warranties are the way to go, if you must do it at all.
From what I have heard/read, the prices on these extended warranties are LARGELY negotiable. Try getting them to knock off $200. Then send half the money you saved to me.