Ram lifetime max warranty ??

mtofell said:

Gone for good down a ********* hole.... but for as long as I own my truck I worry about nothing (other than the $100 copay which I promise I will not finance ). It's a business expense and a business decision so I don't have any unexpected repair expenses. If not for this warranty I'd likely be trading at the end of the bumper to bumper warranty. Trading and buying every 2 years (I do about 18K per year and bumper to bumper is done at 36K) is A LOT more than the 2300 I paid for my warranty back in 2014.

I'm at 4.5 years, 75K miles and all is well. Clear title is in my desk drawer.

These lifetime warranties can be a good deal but you must keep the vehicle many years and must not do a bunch of mods.

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This.

My truck is not a business expense for me, but I bought the lifetime warranty anyway.

Peace of mind for something that I will keep well past the factory warranty.

I also don't put a lot of miles on, so I will run out of time long before I hit the mileage limit. Since miles matter more than time in regards to things going wrong on the truck, the extended warranty is my best shot at making sure the truck is covered.

Plenty of other people disagree, but that's OK. Everyone is entitled to do whatever they wish with their own money.

I didn't hack into your computer. You put that question out for the world to see. Why did you ask my opinion, then when voice my opinion, I should mind my own business? Why did you even pose that question if you already decided what you were going to do, and then attack anyone with a different point of view?

Stock market will go down. Then it will go back up. If you don't like stocks, buy bonds. Lot less risk, but a lot less return.

I'll bet for every guy that has insulted me, there are 20X that many guys that have stopped and rethought extended warranties.

I'm all for planning for a possible problem, in the future. I just think there are a lot better way to go about it that an extended warranty.

Why buy a new truck, then bet $3000 that there is going to be a catastrophic failure?

Be your own warranty.

RLJ10X said:

I didn't hack into your computer. You put that question out for the world to see. Why did you ask my opinion, then when voice my opinion, I should mind my own business? Why did you even pose that question if you already decided what you were going to do, and then attack anyone with a different point of view?

Stock market will go down. Then it will go back up. If you don't like stocks, buy bonds. Lot less risk, but a lot less return.

I'll bet for every guy that has insulted me, there are 20X that many guys that have stopped and rethought extended warranties.

I'm all for planning for a possible problem, in the future. I just think there are a lot better way to go about it that an extended warranty.

Why buy a new truck, then bet $3000 that there is going to be a catastrophic failure?

Be your own warranty.

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Ya,I bet 20X more guys are stoped dead in there tracks not wanting to buy extended warranties as we speak because of your Plethora of knowledge of the stock market and how they should spend there money.LMAO..Sorry you have such fragile little feelers.

These days your 401k could be 1 tweet away from going to $0

Not if you have Life Lock.

I don't tweet.

OMW2SKI said:

The last new vehicle I bought was paid for with cash. It's my wife's 2014 Chrysler Town & Country minivan. It was actually about 9 months old and had 3K miles, so it was deeply discounted. We still have it and she'll drive it until it's worn out. However, now in my late 30's, with 3 kids at home, and 2 not so far away from college, I wasn't really in a position to pay cash for my 2018 Ram. However, I was able to finance it comfortably. The payment is a very small percentage of my monthly income and, besides a mortgage, we don't really have other debt.

The warranty was $2,560, not $3,000. I plan on keeping this truck for the next 10 years or so, as that will be an expensive time in my life with kids in college, etc. One major(ish) issue and the warranty pays for itself. I bought the warranty after the fact, so it isn't rolled into my truck loan. You can, but don't have to, finance the warranty. If you do, interest free financing via MOPAR is available.

The Lifetime Warranty is refundable on a prorated basis for the first 7 years / 100K miles. So, if my plans change and I do sell the truck, I will be eligible for a partial refund.

There are several scenarios where the math probably doesn't work out. But in other scenarios, it works out just fine.

I've worked in the financial sector my whole career and know how to work these numbers and weigh the risks vs. rewards. Your Dave Ramsey method isn't always spot on - or even ideal. No need to be be so judgy, yo!

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This is true, BUT.....that 7 yrs starts the day you bought the truck NOT the day you bought the warranty, and @ 7 yrs, even if you don't use it, you will only get back $25.

Read your paperwork.......it's right in there.

I still have a year and a half left on factory warranty, but as it gets closer to expiration I'll be purchasing the Max Care Lifetime Warranty. So far the best price I found online for my 2017 Ram 1500 was $3045 with $100 deductible.

TRCM said:

search this website...there are several places you can get it from, and most are cheaper than that.

I got mine thru Clay Robbins @ robbinsmotors

You have to get it before you cross 48 mo or 36k.

Mine was 2400 with 100 ded......I got it @ 47.5 months.......

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I just bought a warranty thru Clay.
If your truck is still under factory warranty you can get the lifetime for about 3k
Mine is 2012 so way out of warranty but he was able to get me a 5/60 $100 deductible for 3k. You just have to get it inspected or in my case I have low mileage so just can't file a claim for 30 days (pre existing condition)

Thank you I will give him a call/email

Skyjockey said:

I just bought a warranty thru Clay.
If your truck is still under factory warranty you can get the lifetime for about 3k
Mine is 2012 so way out of warranty but he was able to get me a 5/60 $100 deductible for 3k. You just have to get it inspected or in my case I have low mileage so just can't file a claim for 30 days (pre existing condition)

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So you got a 5/60 that starts "now"? All of the extended Mopar warranties I've looked at start from the day of initial vehicle purchase (in your case, sometime in 2012).

But I've seen some like this.....my wife's '04 Thunderbird, for example. We've had two Ford extended warranties on it (and still do, until 2020). We didn't get the first one until 50k+ miles. Both warranties paid for themselves (the Thunderbird is a Jaguar with a different body....so a warranty is a good thing).

RLJ10X said:

Why buy a new truck, then bet $3000 that there is going to be a catastrophic failure?

Be your own warranty.

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My opinion on that? Your average late model Ram or pickup truck owner, forum member, etc, has money falling out of their pockets. They swap out their Ram every 2-4yrs and these things are marketed/targeted as such.

Obviously what I'm getting at is, FCA, the dealership and any group associated with these warranties makes money selling them. That's why they push them so hard.

I've bought them in the past, with the most recent being with my used Nissan purchase, but it was nowhere near $3000. I can promise you, if I ever paid $3000 for an 'extended warranty", it better damn well not have a $100 deductible on top of what I've already gambled.

My take is, if you don't notice $3K and it makes you feel safe? Absolutely go for it.

Just because they SPEND money like it's falling out of thei pockets, doesn't mean that they have that disposable income.

Did you know that Sears makes more money financing the merchandise, than actual mark-up?

I talked with an ex-car sales man yesterday. He told me the average total price paid for a $17,000 car, after all the payments are made, is $50,000!!! What do you think the average Ram truck buyer has wrapped up in his truck, after the smoke clears?

He also said Extended Warranties are a Scam! This is coming from a guy who sold them.

Please, do your research, and a lot of it, before handing over $3000 of your hard earned dollars on a Promise (with a $100 deductible!).

RLJ10X said:

Just because they SPEND money like it's falling out of thei pockets, doesn't mean that they have that disposable income.

Did you know that Sears makes more money financing the merchandise, than actual mark-up?

I talked with an ex-car sales man yesterday. He told me the average total price paid for a $17,000 car, after all the payments are made, is $50,000!!! What do you think the average Ram truck buyer has wrapped up in his truck, after the smoke clears?

He also said Extended Warranties are a Scam! This is coming from a guy who sold them.

Please, do your research, and a lot of it, before handing over $3000 of your hard earned dollars on a Promise (with a $100 deductible!).

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You are a real tool.LMAO.No finance charges on my part.I payed cash for my 2016 ram 2500 and my 2018 challenger(employee pricing).Stick to being a truck driver and not a finance expert.You are WAY OUT of your league.I bet your fellow employees gather at the water cooler everyday just to hear your plethora of knowledge of how they should finance cars/truck purchases?Always good to believe what a ex car salesman tells ya.God only knows they are honest folks.How about these figures mr.finance $17,000 car loan for 6.25% for 60 months=$2838 finance charge for a total payoff of $19,838.25.Far from the $50,000 grand your sale mans buddy quoted you.NOTE to self Mr. finance before you post such hog wash MAYBE YOU NEED TO DO MORE RESEARCH? Use the car loan calculator.Even at 50% interest rate it would not=$50,000 grand over a 60 month loan rate more like $46,517.Thanks for the sunday laugh..

You're right about the interest paid. It's in the $5500 range. That is if you pay it off, and keep the car. But he said a lot of people get tired of thei car before it's paid off. I think he probably meant worst case scenario. There are guys that are always upside down on their vehicles. And I know a couple of guys like that. I should have clarified that statement.

coobie, why do I make you so mad? Is it because I'm the one who made you realize you handed over $3,000 for a promise?

You can call me any ugly thing you want. That's usually what the loser of an argument resorts to when they have nothing else.

Maybe I've made others think twice before making a $3,000 mistake.

RLJ10X said:

You're right about the interest paid. It's in the $5500 range. That is if you pay it off, and keep the car. But he said a lot of people get tired of thei car before it's paid off. I think he probably meant worst case scenario. There are guys that are always upside down on their vehicles. And I know a couple of guys like that. I should have clarified that statement.

coobie, why do I make you so mad? Is it because I'm the one who made you realize you handed over $3,000 for a promise?

You can call me any ugly thing you want. That's usually what the loser of an argument resorts to when they have nothing else.

Maybe I've made others think twice before making a $3,000 mistake.

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Trust me you don"t make me mad.You just make stupid assumptions and comments that make little sense.You worry about the way you spend YOUR money and I will worry about the way I spend MINE. Speaking of losers carry on any way you want it makes me laugh.Real losers want you to think they are smart,kinda like you.I do like the way you change your stories though,great entertainment. Sorry I hurt your little feelers again.LOL..Your doing a great job Mr.finance keep up the good work..

TRCM said:

This is true, BUT.....that 7 yrs starts the day you bought the truck NOT the day you bought the warranty, and @ 7 yrs, even if you don't use it, you will only get back $25.

Read your paperwork.......it's right in there.

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Yes, you're right, I've already read the paperwork. The warranty is lifetime - which will get me through those expensive college years. The 7 years I referred to relates only to prorating any unused portion or the service contract, should I decide to trade or sell. It's actually prorated for 7 years or 100K miles, whichever is worse. For example, if I drive 100K miles in 2 years and then cancel the service contract, there will be no refund. I weighed the pros and cons, and decided buying Lifetime Maxcare was a good gamble. Check back in 7 years from now. I might have been wrong!

Either way, I've got my finances in order. Buying the service contract is my decision and doesn't ding my finances. I gladly paid $2500 for peace of mind, which is really all this boils down to for me. Even though I keep more than enough cash in the bank (and invested) to make major repairs, I'd rather simply limit my exposure now. It sets my mind at ease and makes me feel comfortable owning a Ram.

Even after the $2,500 add-on, my Ram was still thousands cheaper than a similarly equipped Toyota, Nissan, GMC/Chevy or Ford. With or without the Lifetime Maxcare, choosing a new Ram is the value pick in the 1/2 ton segment.

OMW2SKI said:

Yes, you're right, I've already read the paperwork. The warranty is lifetime - which will get me through those expensive college years. The 7 years I referred to relates only to prorating any unused portion or the service contract, should I decide to trade or sell. It's actually prorated for 7 years or 100K miles, whichever is worse. For example, if I drive 100K miles in 2 years and then cancel the service contract, there will be no refund. I weighed the pros and cons, and decided buying Lifetime Maxcare was a good gamble. Check back in 7 years from now. I might have been wrong!

Either way, I've got my finances in order. Buying the service contract is my decision and doesn't ding my finances. I gladly paid $2500 for peace of mind, which is really all this boils down to for me. Even though I keep more than enough cash in the bank (and invested) to make major repairs, I'd rather simply limit my exposure now. It sets my mind at ease and makes me feel comfortable owning a Ram.

Even after the $2,500 add-on, my Ram was still thousands cheaper than a similarly equipped Toyota, Nissan, GMC/Chevy or Ford. With or without the Lifetime Maxcare, choosing a new Ram is the value pick in the 1/2 ton segment.

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I paid cash for mine....but the post was more for anyone who read it, not just you.

OMW2SKI said:

It sets my mind at ease and makes me feel comfortable owning a Ram.

Even after the $2,500 add-on, my Ram was still thousands cheaper than a similarly equipped Toyota, Nissan, GMC/Chevy or Ford. With or without the Lifetime Maxcare, choosing a new Ram is the value pick in the 1/2 ton segment.

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That's why I bought my lifetime added care plus (almost 1000 less than max & still covers the expensive stuff). And in addition to the value pick it's also a quality pick, interiors are nicer than the others, exterior look is the best of them IMO, reliable and has the best sounding engine.

I realize I'm late to this party, but I wanted to throw this out there in hopes of furthering the discussion. When you purchase the Lifetime Maxcare Warranty (Regardless of how you pay for it!) You're covering the entire vehicle for life until a repair is needed that is more expensive than the value of the vehicle. At which point the plan pays you the value of your vehicle and terminates the plan. Still a good deal and could very well get you the money back you paid for the warranty.

That said, consider this. We always think of the big, expensive things that fail as a justification for the warranty paying us back, however, if you're a long-term owner (I am) the warranty is going to cover you when your bearings fail, your water pump fails, your alternator fails, your control arm bushings fail, your master cylinder fails, your A/C compressor fails. Those repairs are likely to come in well under the value of the vehicle for a very long time. It's not always going to be a big failure that's going to cover your behind, it's all the little ones that add up over time. Imagine being away on vacation and your water pump fails, it'll cost $100 to fix and you're on your way.

For reference, my 2004 F150, purchased in 2006, in the 150k I owned it failed each front bearing at $600 per. Power window motor failure cost $250. I had a brake line fail that ultimately cost $450. Alternator failure was $300+ and finally, the transmission failed. $3500 to replace at 125,000 miles and well under what the vehicle was worth at the time so the Lifetime Maxcare would have kept on going.

In the end, extended warranties aren't for everyone. If your plan is to keep your vehicle 6 years and your warranty expires in 3, it's very hard to justify a Maxcare Lifetime or any warranty. However, if you're a long-term owner it is very likely to pay for itself.

Granted I don't have a lot of money but its more about the hassle of having to fix all that aggravating ******** than it is about the cost. I enjoy changing the oil,air filters, gear lube, brake jobs,etc and other preventative maintenance items and honestly don't trust anyone else to do those things. I'm not particularly interested in spending hour upon hour extracting broken exhaust manifold bolts or replacing cams. I would enjoy working on an old muscle car when I had the time but to hell wrenching on your daily driver when its time to go to work.