What are you seeing in the way of current extended warranties

[GORDONS]

For a new 2020 Ram I was offered 10 years/100k or 10 years/115k at $2600/$2900, option to remove within 90 days for full credit and this is supposed to be the military/first responders price. Third party provider, I'd rather it were a factory program although from what I'm reading here those are gone.

 

[rule18]

For a new 2020 Ram I was offered 10 years/100k or 10 years/115k at $2600/$2900, option to remove within 90 days for full credit and this is supposed to be the military/first responders price. Third party provider, I'd rather it were a factory program although from what I'm reading here those are gone.

There are a few threads about extended warranties, do a search for more info. That said, you could buy a Mopar-backed warranty straight from them, or Ziegler which sells factory warranties at discounted prices. If it were me, I'd wait to buy one until the original factory warranty is a couple months from running out.

 

[BOWERSFJ]

Go to jeepfactorywarranty.com .... Read about em, and price it out for your Ram


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[pacofortacos]

I think it is less expensive if you buy the MOPAR one under the 12/12 warranty period - though you can wait longer if you like.
They even offer a 7/unlimited miles option.

 

[jejb]

I think it is less expensive if you buy the MOPAR one under the 12/12 warranty period

I believe that is true. I just bought an extended factory Mopar warranty from this place:
https://chryslerwarrantydirect.com/

You might want to call them as they may have discounts for military that are not advertised. It is the same factory warranty you would get from a Mopar dealer.

 

[pacofortacos]

I believe that is true. I just bought an extended factory Mopar warranty from this place:
https://chryslerwarrantydirect.com/

You might want to call them as they may have discounts for military that are not advertised. It is the same factory warranty you would get from a Mopar dealer.

If you get the Maxcare policy it mimics the 3/36 coverage - none copy the 12/12 coverage.
SO basically everything except wear items.

 

[ram1500rsm]

I wouldn't worry about it. save the cash now and enjoy your first 3 years bumper to bumper warranty.

 

[snapper23]

There are a few threads about extended warranties, do a search for more info. That said, you could buy a Mopar-backed warranty straight from them, or Ziegler which sells factory warranties at discounted prices. If it were me, I'd wait to buy one until the original factory warranty is a couple months from running out.

I know from experience that waiting longer to purchase an extended warranty, in reference to the end of the 3 year/ 36000 miles. The extended price is higher than within the first year time frame. The price also changes when you have a diesel or gas powered engine. I purchased several though the years from a website called Chrysler direct . OEM factory warranty. Hope this helps.


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[tron67j]

I would say if you are buying the extended warranty, wait until near end if your factory warranty. Of course buying, say, a 7 year warranty is cheaper at beginning, but that is because factory warranty covers almost everything. So the 7 years is really just 4 years post FW. If you wait and buy at end of FW period, your 7 year EW will go to year 10 of the truck. More expensive? Probably, but if you anticipate using the EW you will get more value later in a truck's life, it would seem.

 

[tidefan1967]

I would say if you're going to buy one do it now and don't wait as the prices on the MOPAR warranties have gone up a significant amount in the last few years and I don't see that trend changing. I paid $2800 for a lifetime Added care plus warranty ($100 deductible) in Nov 2018, literally on the last day it was available. I'm sure there are plenty of other guys on here that bought the same warranty or even the Maxcare a year or less before that and paid significantly less than I did.
Against my better judgement when I bought my wife's new Jeep back in September I bought a 7YR/100K mile BTB warranty from the CU for $1200. It was just too cheap to pass up so we'll see how that goes.
Of course there will be the usual suspects come along and say to invest the money and don't buy a warranty.(Its always the same two or three guys) Question is what are you going to invest it in that's not an even bigger risk and that could potentially cover a $6K or $7K item? I would sooner put it in my 401K than gamble it on anything else and putting it in your savings account you might gain $10 over those 7 years.

 

[pacofortacos]

I would say if you are buying the extended warranty, wait until near end if your factory warranty. Of course buying, say, a 7 year warranty is cheaper at beginning, but that is because factory warranty covers almost everything. So the 7 years is really just 4 years post FW. If you wait and buy at end of FW period, your 7 year EW will go to year 10 of the truck. More expensive? Probably, but if you anticipate using the EW you will get more value later in a truck's life, it would seem.

Not true with the Mopar extender service contracts - if the truck was bought new or a certified pre-own, the extended service agreement starts at 0 miles/purchase date no matter when it was bought.
So yes a 7 year is only adding 4 yrs of most coverage - but the mileage component can be a big factor if you put a lot of miles on a year.

For used trucks (at least it used to be) the miles start at the purchase miles and date.

Q: When does coverage under my Mopar Vehicle Protection Plan, a product of FCA US LLC, begin and when does my used vehicle require an inspection before buying an Mopar service warranty?
A: New Mopar Vehicle Protection Plan coverage start at the ORIGINAL IN-SERVICE DATE OF THE VEHICLE (the date the vehicle was delivered to its original owner) and AT ZERO MILES, not upon expiration of the New Vehicle Limited Warranty.

Traditional coverage of Used begin on the CONTRACT DATE and CURRENT MILEAGE when you purchase the plan. Vehicles over 36 Months/36,000 Miles require a Mopar Service Contract to be in place on the vehicle or a completed vehicle inspection with any required repairs performed by an authorized Chrysler, Dodge, Ram, Jeep, Fiat or Alfa Romeo dealer or service center prior to purchasing a Mopar Vehicle Protection Plan.

 

[jejb]

I would say if you are buying the extended warranty, wait until near end if your factory warranty. Of course buying, say, a 7 year warranty is cheaper at beginning, but that is because factory warranty covers almost everything. So the 7 years is really just 4 years post FW. If you wait and buy at end of FW period, your 7 year EW will go to year 10 of the truck. More expensive? Probably, but if you anticipate using the EW you will get more value later in a truck's life, it would seem.

That is not correct, at least as far as the Mopar factory warranty. No matter when you buy it, the number of years and miles start when the vehicle was first put in service. I just went through this on my Certified Pre-owned Ram. Maybe some of the aftermarket companies do that, but you really need to research those carefully. Some/most are not very good.

 

[jejb]

Of course there will be the usual suspects come along and say to invest the money and don't buy a warranty.(Its always the same two or three guys) Question is what are you going to invest it in that's not an even bigger risk and that could potentially cover a $6K or $7K item? I would sooner put it in my 401K than gamble it on anything else and putting it in your savings account you might gain $10 over those 7 years.

I don't think anyone is saying invest the money in risky stuff. Put it in/leave it in your 401K, etc. But that is the gamble right? If it does not pay off, that money was not only wasted, but any gains were lost too. I get that, and with vehicles with high reliability ratings, like our Toyota, I'd never dream of paying for an EW. But the gamble seems worth taking on most full sized trucks. They are consistently rated as some of the least reliable vehicles each year. And it's hard to put a price on peace of mind.

 

[huntergreen]

First, do not roll the warranty price into your payments. Chrysler warranties allow you to pay over two years interest free unless that has changed.

Imho, I wouldn't bother with any non factory backed warranty.

I have the Chrysler lifetime. Again, imho, it's only as good as the dealer.

 

[tron67j]

That is not correct, at least as far as the Mopar factory warranty. No matter when you buy it, the number of years and miles start when the vehicle was first put in service. I just went through this on my Certified Pre-owned Ram. Maybe some of the aftermarket companies do that, but you really need to research those carefully. Some/most are not very good.

For MOPAR warranties on certified used vehicles I read that warranty period starts day of purchase by current owner. Maybe there are different options available, but the 2 year plan I looked at said effective on the purchase date of the second owner. For new warranty, I have looked at a couple other sites and found the FAQ I originally quoted appears to be incorrect and I have emailed the site owner. Regardless, if I was going to buy a EW, which I believe to be a bad investment (my opinion, and opinions differ) I would still wait until end of factory warranty and see if I even have plans to keep the truck before buying it.

 

[tron67j]

Not true with the Mopar extender service contracts - if the truck was bought new or a certified pre-own, the extended service agreement starts at 0 miles/purchase date no matter when it was bought.
So yes a 7 year is only adding 4 yrs of most coverage - but the mileage component can be a big factor if you put a lot of miles on a year.

For used trucks (at least it used to be) the miles start at the purchase miles and date.

Q: When does coverage under my Mopar Vehicle Protection Plan, a product of FCA US LLC, begin and when does my used vehicle require an inspection before buying an Mopar service warranty?
A: New Mopar Vehicle Protection Plan coverage start at the ORIGINAL IN-SERVICE DATE OF THE VEHICLE (the date the vehicle was delivered to its original owner) and AT ZERO MILES, not upon expiration of the New Vehicle Limited Warranty.

Traditional coverage of Used begin on the CONTRACT DATE and CURRENT MILEAGE when you purchase the plan. Vehicles over 36 Months/36,000 Miles require a Mopar Service Contract to be in place on the vehicle or a completed vehicle inspection with any required repairs performed by an authorized Chrysler, Dodge, Ram, Jeep, Fiat or Alfa Romeo dealer or service center prior to purchasing a Mopar Vehicle Protection Plan.

I have found my original knowledge of this was incorrect. See my response to another posting. However, I do think the better value is put the money in an account. Some people could lose out doing this, but the majority would at least break even if not come out ahead. That is how warranty underwriting works, it is priced to pay out less than it takes in. I also question if buying Mopar warranty is right for everyone. I trust my mechanic more than a dealer because I know him. Once the factory warranty is gone I can go to him with no worry, and if someone has a good non-MOPAR warranty they can choose either a dealer or private shop. Can you do that with MEW? And, does MOPAR guarantee always using MOPAR parts in a repair? Just wondering, not really an issue for me but I cannot find that answer in any of the many MOPAR sites I have looked in.

 

[Docwagon1776]

Question is what are you going to invest it in that's not an even bigger risk and that could potentially cover a $6K or $7K item? I would sooner put it in my 401K than gamble it on anything else and putting it in your savings account you might gain $10 over those 7 years.

You don't put your emergency fund in risky investments, it's not it's job to grow. It's job is to stay level or beat inflation, be safe, and be liquid. I ladder CDs and gov't bonds. You aren't going to grow $1200 to $7k in 7 years doing so. But you'll still have your principal and your returns at the end. There is no risk, unless the fed defaults and if that happens how your investments are doing is no longer a relevant question to survival.

It's not $1200 in a vacuum, nor is it 7 years in a vacuum, it's save to the point you can self-fund and don't spend $1200 to let someone else assume your risk then let it grow long term. Yes, I know, "peace of mind". I have peace of mind because I can cover my own risks and don't have to pay someone else for it.

If your 401k is a gamble or not depends on what the investments inside of it is. 401k is just a tax shelter, it's not a specific type of investment. You can have money in any combination of investments. Maybe a fixed return account like a savings account or stocks or bonds or REITs, etc. etc. Ideally, you taper your risk down as you get closer to retirement. I'm on track to retire at 52-55 years old, so I'll keep more risk then what's usually advised as (hopefully) I'll live longer in retirement then someone who keeps working until their 60's or 70's and will need more growth.

 

[jejb]

For MOPAR warranties on certified used vehicles I read that warranty period starts day of purchase by current owner. Maybe there are different options available, but the 2 year plan I looked at said effective on the purchase date of the second owner. For new warranty, I have looked at a couple other sites and found the FAQ I originally quoted appears to be incorrect and I have emailed the site owner.

Do you have a link? As I said, I just went through this less than 2 weeks ago. I was told all Mopar official warranties that are listed on CPO or used vehicles start from first in service dates. And I did not find anything to dispute that.

 

[HAL9001]

I think it is less expensive if you buy the MOPAR one under the 12/12 warranty period - though you can wait longer if you like.
They even offer a 7/unlimited miles option.

Where are you seeing a 12-year warranty? The maximum the warranty now goes is 8 years.

 

[MADDOG]

Where are you seeing a 12-year warranty? The maximum the warranty now goes is 8 years.

He's referring to the 12 month/12k miles initial warranty period.

Dealers will sell whatever extended warranty package they have selected as their standard.

I've always used Chrysler Warranty Direct and purchased directly from them. They offer varying level of coverages (I like the MaxCare package for new vehicles), you can pay for it over time with 0% interest and the first payment isn't due until 45 days after your purchase.