Jump to content


Warranty Extension At Lease Expiry


Cost Effectiveness of Warranty extension  

  1. 1. Would it be worth the money to extend the warrany at the end of (4 yr) lease when the odometer miles are only 20,700?

    • More than the peace of mind, does anyone achieve any real benefit in extending the warranty at 4 year lease expiry?
      0


Recommended Posts

I have an RX 350, 2008 model nearing lease expiry. The dealer told me about warranty expiry. The car's odmeter reading is only 20,700. Would it be worth the money to extend the warranty for another 4 years? Other than peace of mind, does it achieve any real benefit by buying the extended warrany, especially when the car has such a low mileage?

Link to comment
Share on other sites

I would, my 07 has has some issues, not major, but surfaced between 45- 55,000 miles,

air bag issues, heater core, ignition coil, more than paid for the service contract

Link to comment
Share on other sites

I have an RX 350, 2008 model nearing lease expiry. The dealer told me about warranty expiry. The car's odmeter reading is only 20,700. Would it be worth the money to extend the warranty for another 4 years? Other than peace of mind, does it achieve any real benefit by buying the extended warrany, especially when the car has such a low mileage?

I added the extended warranty at time of purchase, and thankfully have not had to use it yet; but the peace of mind is worth it to me. Nearing 60k miles on my 08 RX and have not had any problems at all so far..

Link to comment
Share on other sites

  • 2 weeks later...

A (extended) warranty is in fact an insurance. And the golden rule as far as insurance is concerned is: You should only get insurance if you cannot afford the repairs.

Also, more fears = more insurance.

Btw, it is a gold mine for the dealers. Margin is usually close to, or in excess of 100%.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...

Forums


News


Membership