Mopar Vehicle Protection

[ckeefer58]

Anybody have experience with purchasing a Mopar Vehicle Protection plan for their pre-owned truck? I was looking over the options and it seems like a fairly good plan. Anybody have it?

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[David776895]

I recently did. Search the internet, lots of dealers selling them at discounted prices.

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[ckeefer58]

Did you have to take your truck in for an inspection or anything?

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[MADDOG]

I have it on my 2014, had it on my 2007 and have it on my 2006 SRT8. I purchased each one from Chrysler on their service contract website.

The warranties paid off on the 2007 MegaCab and the 2006 SRT8 with repair/replacement of components that would have cost me over $4k out of pocket. With the MaxCare coverage and $100 deductible, the repairs cost me $200. I paid less than $1800 for the SRT8 package and just a bit over $2000 for the MegaCab coverage.

Unlike some folks, mine have been worth every penny I paid.

 

[Razorbackfan]

I paid $1200 for a 3 year unlimited mile one on a grand caravan with 60k miles on it. 2 years in and 150k miles the trans let go and I paid $100 and the bill was $3500 the first time as they rebuilt and it let go again 2k miles later and they put a $4200 new trans in that time for free.
Worth it for me

 

[Mnshooter]

I just bought one for my new ram. No one was close to this guys price. Shoot him an email - [email protected]

 

[breal201999]

I've been emailing Clay back and forth (he's probably tired of my questions). Anywho, for my 2016 1500 5.7 4x4 the lifetime warranty would be $2430. He said the price will go up first of the year by $100, and will go up more after I hit 12,000 miles. Currently at 7,000 miles.

* No inspections needed
* I can do the oil changes myself as long as I keep a log and receipts.
* Would need to follow the maintenance log in the owners manual.
* Prorated up to 7 years / 100,000 miles... if truck is wrecked or something else.

The only thing I question, would I get 100% back if we decide to cancel before 3yr/36,000 miles. I would think yes, but he said definitely not. He said I might lose 30% but he "really don't know".

If I had until 3 yr/36,000 to know I'd get 100% back if I decided to change my mind, I'd do it for sure. I didn't really plan on spending that much money so close to the holidays. Decisions, decisions...

 

[brownsanta]

I've been emailing Clay back and forth (he's probably tired of my questions). Anywho, for my 2016 1500 5.7 4x4 the lifetime warranty would be $2430. He said the price will go up first of the year by $100, and will go up more after I hit 12,000 miles. Currently at 7,000 miles.

* No inspections needed
* I can do the oil changes myself as long as I keep a log and receipts.
* Would need to follow the maintenance log in the owners manual.
* Prorated up to 7 years / 100,000 miles... if truck is wrecked or something else.

The only thing I question, would I get 100% back if we decide to cancel before 3yr/36,000 miles. I would think yes, but he said definitely not. He said I might lose 30% but he "really don't know".

If I had until 3 yr/36,000 to know I'd get 100% back if I decided to change my mind, I'd do it for sure. I didn't really plan on spending that much money so close to the holidays. Decisions, decisions...

if you cancel prior to the expiration of the warranty the refund would be prorated.

 

[breal201999]

Just for grins, I went to this site for two quotes... One for as of today, and one considering my truck is 2 years old and 30,000 miles. Yes the price is higher than the price Clay quoted me, at minimum by $300... but the difference between the two quotes on this site is only $150. What causes the quote to go up is "within 12 month from warranty start date" check box.

Clay - $2430

Genuine Mopar Vehicle Protection Warranty - Save $$ Today
2016 as of today with 7000 miles - $2730
2014 with 30,000 miles - $2880

My thought is at worst (considering today's prices) if I don't buy now and I wait until I have 30,000 miles... I might be out of pocket $450 more than I would if I bought now. I hope to be in a better financial position 2 years from now when my wife goes back to work full time from being a stay at home mom, so I'd have more disposable income and would feel better about spending $2880 then rather $2430 now. If I figure that $450 is "interest", yeah that's a horrible rate. Maybe I shouldn't look so hard at the numbers like that... but I'm a numbers guy

Does anyone find fault in my logic?