Extended warranties suggestions?

[Ricky_Starbucks]

if your new wrangler is like mine and spends 45 days in the shop getting repairs Jeep cares will give you a 6 year $0 deductible warranty free of charge for your troubles.........one thing is with mopar maxcare it will not allow you to lift your jeep.....this was verified by Granger who is a sponsor here and sells for $0-25 over cost on a regular basis.

Does the MaxCare and no lift coverage apply even if you simply add a factory lift?

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[jadmt]

Does the MaxCare and no lift coverage apply even if you simply add a factory lift?

you will have to confirm it with Granger but that is what he said.

 

[AndySpill]

I have repeatedly explained to you exactly how they absolutely can, and are.

What you have done is repeatedly try to convince me and others here that extended warranties these days, using the "new math," are such that 3+2 doesn't actually equal 5, but "6."

It is actually I who have explained to you exactly how these insurance policies are statistically (with rare exception) not worth the money, never have been, and never will be.

Clearly Kevin, in my dissuading people from buying them, I have nothing to sell: no horse in this race. Please express in any response, if truthful, that you do not profit from the sale of these products.

3+2 has always, does now, and always will equal 5 and only 5. In the same spirit of the certainly of this math (private) insurance policies, with the exception of government run ones like, say, flood insurance, which are designed to operate at cost (not profit,) have always, do now, and always will exist to make money, only doing so by taking people's premiums and investing them in various short and long term financial instruments (none of which you can bet include a portfolio of vehicle extended warranty policies, because they are dis-, not investments: they suck as investments, they are the opposite of investments) and pay out in claims considerably less than the present value of these invested premiums; a pool of monies only further subtracted from to pay policy holders with when sales commissions for selling these policies are involved, some astronomical.

Is insurance bad? No. Some insurance is good, necessary, even at times required by law, and even if just as profit oriented. But these are the insurances that protect against catastrophic loss: like home, fire, liability, life, flood.

Repairs to a JL Wrangler that may result in owner's insolvency such that they buy extended warranties to (they think) prevent that are not catastrophic loss. They are--and feel free to shoot the messenger--an example of purchasing too expensive a vehicle for one's budget such that monies, earning interest can't also be saved for not only repairs, but that next vehicle when/if surpluses in that account exist: which statistically, if extended warranty premiums are instead channeled there, will show a surplus at ownership end.

This is an inconvenient truth; a harsh reality and somewhat of a less than popular reality in a forum sponsored in part by some who sell those policies and others who want you driving and outfitting an JL. I am not suggesting those that do are snake oil salesmen. Extended warranty sales people do make the terms known at purchase, not take your money and skip town.

But those terms are not financially worth it, and for every person coming forward saying how such policies saved them money, consider the multitudes who do not contribute to forums with the reality of "I spent more on the policy than I received in benefits."

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[TheRaven]

What you have done is repeatedly try to convince me and others here that extended warranties these days, using the "new math," are such that 3+2 doesn't actually equal 5, but "6."

It is actually I who have explained to you exactly how these insurance policies are statistically (with rare exception) not worth the money, never have been, and never will be.

 

[Ratbert]

Hopefully you're not back to suggesting that warranty companies don't make money on warranties.

 

[TheRaven]

Hopefully you're not back to suggesting that warranty companies don't make money on warranties.

You know better than to make this suggestion. You have been there for the lesson more than once.

 

[Ratbert]

You know better than to make this suggestion. You have been there for the lesson more than once.

My point exactly. It was as ludicrous then as it is now.

 

[TheRaven]

My point exactly. It was as ludicrous then as it is now.

Well, you can choose to listen during class and learn the material or you can choose to fail the class. That's not my problem. Keep believing what you want to believe.

 

[alphawolff]

Does the MaxCare and no lift coverage apply even if you simply add a factory lift?

Any mopar lift would be covered under its own warranty. For example the shocks will have a 2 year/unlimited mile warranty IIRC. Standard mopar parts warranty. The benefit of a mopar lift is the standard vehicle warranty will never be denied, even by the most scumbag of dealerships.


Maxcare makes money because historically owners keep their vehicle for 3 years. If they manage to sell a warranty within that period they may only be at risk of covering components very infrequently, as most repairs during that time period will be covered under the vehicle's basic warranty.

It's why they push so hard to purchase it early, as you're more likely to have sold the vehicle before any problems arise.

If you plan on keeping the vehicle for a long time a Maxcare warranty is a no brainer. Our vehicles have all kinds of weird problems that can get expensive fast

 

[NaughtyGeek]

I would venture to say that the folks saying what a smart decision buying an extended warranty is have never had a bad warranty experience. Pay $2500 to $4400 for an extended warranty and then be told your issue at 9000 miles is "customer abuse" and see how good you feel about your "investment." If you haven't had any experience with your local dealer, an extended warranty is a huge gamble. Some folks have a great experience and when they have problems they are taken care of. There are also plenty of folks who couldn't get issues covered under the original bumper to bumper that they felt were Jeep's responsibility. It's a gamble and you should view it as such. To call it a no brainer either way is not considering much outside your own experience. If you're considering paying for an extended warranty, do yourself a favor and do some searching for "not covered under warranty."

 

[TheRaven]

I would venture to say that the folks saying what a smart decision buying an extended warranty is have never had a bad warranty experience. Pay $2500 to $4400 for an extended warranty and then be told your issue at 9000 miles is "customer abuse" and see how good you feel about your "investment." If you haven't had any experience with your local dealer, an extended warranty is a huge gamble. Some folks have a great experience and when they have problems they are taken care of. There are also plenty of folks who couldn't get issues covered under the original bumper to bumper that they felt were Jeep's responsibility. It's a gamble and you should view it as such. To call it a no brainer either way is not considering much outside your own experience. If you're considering paying for an extended warranty, do yourself a favor and do some searching for "not covered under warranty."

This is a very different, but equally valid, point that should be covered more. The discussion about whether or not an extended warranty is a good idea for X vehicle is important, but if you can't find a dealer that's going to reliably honor the warranty, then it's a complete waste of time.

In the case of the JL though, the answer is simple - if you can't find a good Jeep service department in your area, YOU SHOULD AVOID THE JL. This is not a vehicle that is known for its quality. Combine that fact with the fact that it's also among the most overpriced options out there, you don't want to be stuck with the bill after your JL has been sitting at the service dept for 45 days because they can't figure out what's wrong with it.

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