breal201999
Senior Member
- Joined
- Aug 7, 2016
- Posts
- 274
- Reaction score
- 179
- Ram Year
- 2016
- Engine
- Hemi 5.7
Opinions please, extended warranty (buy now, or okay to wait)
(start rephrase)
My apologies for yet another warranty related thread, I tried for replies on an existing thread, but thought may be best to take my own situation to a separate thread.
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.
[email protected] - $2430
Genuine Mopar Vehicle Protection Warranty - Save $$ Today
2016 as of today with 7000 miles - $2730
2014 with 30,000 miles - $2880
My thought is at worst (considering today's prices) if I don't buy now and I wait until I have 30,000 miles... I might be out of pocket $450 more than I would if I bought now. I hope to be in a better financial position 2 years from now when my wife goes back to work full time from being a stay at home mom, so I'd have more disposable income and would feel better about spending $2880 then rather $2430 now. If I figure that $450 is "interest", yeah that's a horrible rate. Maybe I shouldn't look so hard at the numbers like that... but I'm a numbers guy.
Am I risking anything else other than maybe $450 if I don't buy now and drive my truck another couple of years to about the 30,000 mile mark?
Does anyone find fault in my logic?
Thanks
(start rephrase)
Let me rephrase for those first reading this. I'm not here to debate if LIFETIME warranty is a good thing or not. To each their own on that subject. I'm sold on the LIFETIME myself, but my question really lies around what am I risking instead of buying now, as opposed to waiting until I reach 30,000 miles on my 2016 that currently has 7,000 miles.
(end rephrase)My apologies for yet another warranty related thread, I tried for replies on an existing thread, but thought may be best to take my own situation to a separate thread.
I went to this site for two quotes... One for as of today, and one considering my truck is 2 years old and 30,000 miles. Yes the price is higher than the price Clay quoted me, at minimum by $300... but the difference between the two quotes on this site is only $150. What causes the quote to go up is "within 12 month from warranty start date" check box.
[email protected] - $2430
Genuine Mopar Vehicle Protection Warranty - Save $$ 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.
Am I risking anything else other than maybe $450 if I don't buy now and drive my truck another couple of years to about the 30,000 mile mark?
Does anyone find fault in my logic?
Thanks
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