Extended Warranty Needed?

[fanelli44]

Just curious on everyones thoughts on an extended warranty (will be a daily driver). Good, waste….if good what’s a fair price. Any info is appreciated. Thanks!

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[Victory]

If you don't get it, you may need to spend money to repair the Jeep, or you may not. If you do get it, you are guaranteed to spend the money. They make a profit on these, which means overall chances are you would spend less by not buying one. If you can afford the extended warranty, but cannot afford the chance of a high repair bill, go ahead and buy as peace of mind. I know for me, I would rather take the chance on spending nothing (or less than the extended warranty) but I can also afford any repairs if needed, so I won't be stranded. Plus I like the idea of finding my own shop vs being forced to use the dealer.

 

[Texag88]

I just bought one on my new 2024 392 which is my daily driver. I though the cost (online from Granger) was very reasonable for a vehicle of this price. I paid less than 2k for an 8 year/ 100k mile warranty. With all the complicated, expensive systems and the cost of service these days I thought it was a good investment.

 

[Phrank]

The real problem with extended warranties on these vehicles is that the Jeep service network is horrendous on its best day - they will look for any and all reasons to deny warranty coverage in the event of a problem and if you are lucky enough to get the repair approved, the tech who will be "fixing" your Jeep most likely couldn't find his own ass with both hands and a flashlight.

 

[Zach@Granger]

@fanelli44 for the month of february only we are offering the mopar maxcare at $25 over our cost!

check out our site at buymoparwarranty.com!

 

[Cips]

They are always a cost benefit analyses. With all the tech in these I purchased one.

 

[jc1003]

I purchased the Mopar warranty for all 3 of our FCA vehicles. Peace of mind. Two thru Granger
the other with Hayes Motor in Michigan.

 

[AcesandEights]

It is an insurance policy. You pay for coverage you hope you’ll never use. If you put that same money aside, along with the deductible amount, you’ll have a significant amount, and enough to pay for most repairs when they happen.

As an insurance policy, the company selling them only exists because they pay out less in claims than they take in in premiums; meaning, you spend more, collectively, purchasing the extended warranty than they pay out in claims.

Additionally, you need to be mindful of the terms and conditions. Many of the complicated systems (electrical) are not covered. Many of the extended warranties exclude certain systems, including clutches, brakes, other “wear items”, and electrical components. You have to read the fine print, and that’s not meant as a joke. You have to read the exclusions, specifically, to fully understand what you’re buying, what they cover, and more importantly what they don’t cover.

Remember too, when it says it’s an extended warranty, say 8/80 or 8/100 (eight years, 100,000 miles), it doesn’t add eight years or 100,000 miles. It adds, depending on the system, three to five years, maybe 20,000 miles, if you have a standard 3/36,000 and 5/60,000 miles powertrain. Again, that depends on the original coverage and overlapping coverage provided by the extended warranty. It doesn’t mean all of the systems and components are extended to eight years, and it doesn’t mean you get an additional eight years.

Opinion. Never buy the extended warranty. It may pay for itself in a single-case, maybe a couple of times, but over time, you spend more than they pay in claims…or they couldn’t stay in business.

 

[Donut]

I bought the extended warranty on my last two vehicles. There are too many electronics in today’s vehicles.

 

[Cips]

Some of them, like the one I purchased, includes towing, emergency roadside assistance and a rental car. The fact that the Uconnect 8.4 screen is a $1,250 part is something I wasn't expecting. If you have the extra money it's a coin flip (to some); to those that don't have the extra money that add the warranty cost to their monthly payment helps.

 

[AcesandEights]

@Cips provides a great example of a part not covered under many extended warranties.

I worked as a claims adjuster for a very large extended warranty company. If I remember right, the head unit was only covered under one of the three plans we sold. So, again, read the exclusions before you buy.

 

[Jeffy56]

I got one a year ago for my new to me 2018. Jeep is paid for. 5yr/100k term. Any mechanic, $100 deductible, $123.00 per month. CARCHEX. Essentially 3 grand. Hope to never use it.

 

[At Risk Ute]

Can someone please explain to me like a five year old the difference between mopar added care plus vs maximum care?

 

[TheNewGuy]

Can someone please explain to me like a five year old the difference between mopar added care plus vs maximum care?

https://www.chrysler-factory-warran...swnyl0VlAaR6Ew5yeQwE4RljVivYYnGhoCSpsQAvD_BwE

 

[tomk62]

@AcesandEights and @Victory have given the correct answers here!

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