Warranty Question

RLJ10X said:

So I'm NOT $2500 down to start with. My $2500, invested has doubled, which means it is now $5000. I'm now $7500 ahead of where I would have been if I had been swindled out of my original investment.

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Bad math? Or bad wording? Yes, you’re down the same $2500 to start with, because you have to use that to invest it. If your $2500 doubled, that means you’re $2500 ahead, not $7500. But, who knows, I’m not up on the new math methods. Maybe you went to the same schools as AOC?

RLJ10X said:

$10,000 Catastrophic Engine Failure!! Glad you said that. That's what's is called a hypothetical situation, and an exaggeration. It's purpose is to scare people in believing there's justification for ******* away a lot of money for Piece of Mind.

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Of course it’s a hypothetical situation, but, that doesn’t mean it can’t happen, or ANY repair(s) that total more that $2500. Bottom line is, it’s a gamble either way. YOU’RE hoping you don’t have repairs that total more than what your $2500 has made in total at any given time, and those with extended warranties have piece of mind that they’re covered if they have more than $2500 in repairs. AND... if they don’t use the warranty, they get their money back.

RLJ10X said:

You want to make a 5% interest payment while you're earning 10%? Ok. But why not pay off the truck. Take what you would have paid on the truck and invest it? I'll be damned if I'm going to some bank and ask somebody's permission if I can buy a truck. You'll negotiate a better CASH price, anyway. There won't be any hidden fees.

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If pride and self preservation hinders you from “asking permission to buy a truck”, then that’s cool. Nobody is gonna knock you for it. There ain’t nothing wrong with that. But, you CAN NOT just say that anybody that borrows money means that they’re broke.

Why won’t I spend cash that I have laying around on a depreciating truck? Because I would take away my cash on hand means to buy a piece of land or property that pops up out of the blue that I know I can immediately turn around and make money on.


Oh, by the way, this isn’t the 80’s anymore. If you walk into a dealer and said, “I have cash, give me your best deal on this vehicle”, you will not get a better deal, but probably worse deal. This is because you took away the dealer’s means of the *possibility* of making a little extra money off of the APR.

Jimmy07 said:

Oh, by the way, this isn’t the 80’s anymore. If you walk into a dealer and said, “I have cash, give me your best deal on this vehicle”, you will not get a better deal, but probably worse deal. This is because you took away the dealer’s means of the *possibility* of making a little extra money off of the APR.

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Yep. I was going to pay cash, but then all the "incentives" would disappear (Ford, Chevy, Ram all said the same). So either way, they'll get what they want for the truck. So I paid a large down payment and financed, with no extended warranty.

With the history of the hemi theres a real good chance you will have to fix broken manifold bolts which quite oftem means pulling the heads. And wiped cams are a possibility, let alone electronic issues. I have the added care lifetime on my wifes 07 pacifica which cost 2000 in 07. So far I've had over 4000 in repairs so that was worth the 2k purchase.

RLJ10X said:

Jrod, you tell me your net worth, and I'll tell you mine.

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Welcome back Sally!

I don’t give a **** what your net worth is, and mine is still none of your business...

I will admit, your trolling has been entertaining. You should write a true life novel! I’ll be sure to find it under fiction...

"JBA Shorty Headers, Air Raid CAI, Hemi Fever 91, Catch Can, B U Camera, Tow Hooks, Bilsteins (X4) with the clip on the second highest position XD Cranks, BFG AT TAs, Line X bed and nerf bars, Weather Tec mats, DeeZee tailgate strut. Brandon's Transfer Lock Switch"

All this crap on the fools (RLJ10X) truck per his signature line and he's giving members hell about purchasing an extended warranty? He actually spent money on this instead of investing it in the stock market? You are one hypocritical, moronic, mouth breathing SOB to be howling in the dark at the rest of us...Sally.

As for your net worth, its as worthless as your hypocritical opinion...

P.S. I called my buddy Dave Ramsey...boy is he pissed! He wants you to call him now for buying all that crap as it's evident you aren't drinking enough of his Kool-Aid. He said this is the crap that makes people B-R-O-K-E!!! Shame on you...

While we're talking about it just out of curiosity how did you turn that initial $2500 into $5000 or $7500? Letting it sit in a savings account or buying a CD with it might get you an extra $30-40 after five years but hell that ain't hardly worth the trouble. Investing in the stock market is a risky proposition at best unless you have plenty of money you're willing to gamble with(kind of like an extended warranty in a roundabout way). I have a 401K but I only invest in company stock(D) because most of the **** on the stock market is too risky esp. long term. If we still had pensions I wouldn't even bother with that except for the free money company match part. Inquiring minds want to know....................

I will refrain from calling in debt people "broke". From now on I'll just use "in debt". And you can call me all the ugly names you can conjure up. That just means you don't have an intelligent rebuttal.

Please site a few examples where a 5.7 Hemi replacement engine cost $10,000. From what I've found, a Jasper reman can be done for about half that price.

The last 3 years, Vanguard S+P 500, ticker symbol VOO went up a little over 13%. At that rate, which isn't likely to be sustained, $2500 could be double in way less than 7 years. Anyone can open a TD Ameritrade account.

While a$10,000 loss would certainly be a bad day. It is not catastrophic in my world. Get yourself out of debt, and it will surprise you how fast the money piles up.

And extended warranties are still a very bad investment!

RLJ10X said:

I will refrain from calling in debt people "broke". From now on I'll just use "in debt". And you can call me all the ugly names you can conjure up. That just means you don't have an intelligent rebuttal.

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Sure, because calling people broke was intelligent...

You are the gift that keeps on giving...

“And extended warranties are still a very bad investment!”

You really need to go back to Financial Peace University. I am 100% debt free. I have significant investments. I also financed all three of my trucks to get the Chrysler Capital and Ally rebate whereupon I paid them off a month later. However, my purchase - not an investment - of extended warranties for my trucks was like buying term life insurance. It is a purchase to cover risk...not an investment.

I’m done elaborating on it with you as it is evident neither myself nor a group of intelligent guys on this forum can fix stupid. God knows its evident to everyone reading your posts that Dave Ramsey has been unable to do so as well.

RLJ10X said:

Who in the world takes out a loan to buy something if they already have money? When you borrow money, that called being broke, because you have no money. Being broke, in debt has become so prevalent, it's considered normal.

Indebt, Cash is king. It's taken everywhere. I guarantee a handful of cash trumps any repair contract. I have my own extended warranty. It's called money in the bank. That happened because I spend less than I take in.

In 10 years, your $2500, if invested wisely, on average is going to be aprox $6500.

Take you $2500 to a local Edward Jones office. Tell them you want to invest it. Let me know if they tell you to buy an extended warranty. Or better yet, go into an Edward Jones office and tell them you want to make payments on $2500 that they want to invest. Tell me how that comes out.

Like I said, if you believe in extended warranties, you need to be SELLING them. That's where the money's at.

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I purchased my 2015 with only $500 down for the deposit to have it built and was given a 0% loan. Even at 2.9% which most people get you would be stupid not to take that offer and invest the money in the market or real estate, etc. Even a run of the mill mutual fund account would return 8%. You made a mistake paying cash.

Fast69Mopar said:

I have purchased the Max Care warranty with every single new and used Mopar I have ever purchased. It is the best extended warranty Chrysler offers. It covers the most items as well. The Added Care is a great value for someone who doesn't want to spend as much money but I highly recommend the Max Care over anything.

In my "professional" opinion the Max Care is the next best thing to the basic 3/36 warranty. I wouldn't pass it up if you plan on keeping the truck for several years.

The only parts and labor not covered:
• Maintenance Services and items used in such services like oil changes, transmission service, etc.

• Catalytic Converters and Diesel Particulate Filters

• Glass, Plastic Lenses and Light Bulbs

• Body and Paint items (including Soft Trim)

• Snowplows, Winches and Trailer Hitches

• Wear items (such as Tires, Manual Clutch Assembly, Brake Pads, Shoes, Rotors, Drums, Belts and Wipers)

If it's mechanical, it's covered just like the Max Care advertisement states. It's hard to beat.

Now, on the other hand, if your pocket book is thick and your wrench/tune skills are solid then I would say don't spend the money unless you really want to but on the other hand, a $100 deductable to have the short block replaced or a trans overhauled is a good thing.

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Catalytic converters are covered under the federal emission protection warrantee, so it would be covered anyway. Bought a similar one for my older truck , twice actually, never regretted it. Good luck.

Taylor513 said:

I know there’s a bunch of different warranties and warranty threads out there but I just received this in the mail and I contacted them yesterday about the details of this and told him I would let him my answer today if I wanted to pursue this. My truck is a 2015 so it’ll be good until 2022 and will be unlimited miles. He says it covers everything except for your maintenance parts like brakes, tires etc. it would be $240 down and then $90 a month for 2 years, interest free. Does anyone have this warranty or any information about it to help guide me. Not sure if I want to do it yet or not and would love to hear your guys’s opinion.
Thank you
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I bought the extended warranty of 2 years from the dealership when I bought my 2017 Longhorn ... guaranteed 5 year bumper to bumper warranty and FCA sent me a warranty card confirming it ... Your total will cost would be $2400 with your down payment and monthly payment for the next two years ... That was the original price on my extended warranty but I was able to talk them down to $1200 ... You know your truck better than anyone ... If you suspect something may go wrong in the next two years then the expense may be worth it, however, if you have maintained your vehicle and are confident that it has no major defects and has been essentially trouble free, then the warranty may be an expense you need not put out ... Just my opinion ....

I am thinking of going with this Warranty

Taylor513 said:

Hahaha! i'd be lying if I haven't considered that. That's plan B with my truck odometer hits 100K, if i'm not itching for something new.

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Help me here all if you would... Factory Warranty 3/36 is when Chrysler owns it all bumper to bumper. So if I buy and "extended warranty" or Service contract with extra care or whomever why would I not be able to install a tuner? Do they have fine print that establishes what you can and cannot add to your vehicle? I would understand that the "add-on" is not covered, but the original equipment should be, i.e. motor and transmission, etc.

RLJ10X said:

Who in the world takes out a loan to buy something if they already have money? When you borrow money, that called being broke, because you have no money. Being broke, in debt has become so prevalent, it's considered normal.

Indebt, Cash is king. It's taken everywhere. I guarantee a handful of cash trumps any repair contract. I have my own extended warranty. It's called money in the bank. That happened because I spend less than I take in.

In 10 years, your $2500, if invested wisely, on average is going to be aprox $6500.

Take you $2500 to a local Edward Jones office. Tell them you want to invest it. Let me know if they tell you to buy an extended warranty. Or better yet, go into an Edward Jones office and tell them you want to make payments on $2500 that they want to invest. Tell me how that comes out.

Like I said, if you believe in extended warranties, you need to be SELLING them. That's where the money's at.

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Now here is a financial wizard.......

Financial Accounting 101.....
If it cost less to borrow then you make to leave your money in the account (stock, money market, savings, etc.) Then you borrow even if you have the cash...... Only an idiot would throw away free money just to pay cash......If it cost $2000 and its at 0% interest, why the heck would you take $2000 out of your account to pay cash, even if it was only making 0.05%...... If you do not want that dollar per year, let me know. You can take .49 cents of it to buy a stamp and send me the .51 cents remaining. Never mind compound interest, I'll gladly make $2.55 off you in 5 years! FOR DOING ABSOLUTELY NOTHING!!!!

TomB 1269 said:

Do they have fine print that establishes what you can and cannot add to your vehicle? I would understand that the "add-on" is not covered, but the original equipment should be, i.e. motor and transmission, etc.

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Yes - tuners modify the engine and it's pretty widely accepted by consumers that one will void your warranty on lots of big expensive parts. The Moss-Magneson warranty law makes the dealer have to prove your modification causes the problem but, for whatever reason, that seems to be a slam dunk for dealers/manufacturers with tuners.

Now for my warranty 2 cents..... Warranties are a gamble! To win you have to lose. So the question you have to ask is will the warranty vehicle out last the warranty before needing "Enough" repair to meet or exceed the cost of the warranty.

From my experience it seems these days the cheaper the part the more costly the labor to install, i.e. water pump about the cheapest part on an engine, but about as costly to replace as the ECM. The more expensive the part the cheaper the labor, again ECM, expensive as hell but easy to install.

Motor, tranny, transfer case, axles are all large cost multi component systems so I kinda leave them out of my equation.

mtofell said:

Yes - tuners modify the engine and it's pretty widely accepted by consumers that one will void your warranty on lots of big expensive parts. The Moss-Magneson warranty law makes the dealer have to prove your modification causes the problem but, for whatever reason, that seems to be a slam dunk for dealers/manufacturers with tuners.

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But any "extended warranty" I have ever had was about the part / component that failed and not the add-ons. The factory 3/36 or similar (i.e. 5/60) warranty, aka manufactures warranty is direct from the manufacture, so they can dictate certain things. But as someone else stated earlier, extend warranties are not factory/manufactures warranties so how does what an add on part that does not require any physical dis-assembly of the original unit even become and issue. I could understand if we were talking about a blower/supercharger where the top end of the engine has to come out as you are now adding an unknown variable due to the work completed by someone other than a factory tech.

And yes, I have an issue with factory coverage when it comes to tuners. The kid down the street goes and buys new oversize tires and different off-set rims, and tears up a bearing or axle, and it's covered, but we add a tuner that is sold over the counter (i.e. not a custom dyno tune just for our own vehicle), but as in a generalized tune that takes a little more advantage of the systems already installed in the truck/car and they want to throw the towel in.........

TomB 1269 said:

Help me here all if you would... Factory Warranty 3/36 is when Chrysler owns it all bumper to bumper. So if I buy and "extended warranty" or Service contract with extra care or whomever why would I not be able to install a tuner? Do they have fine print that establishes what you can and cannot add to your vehicle? I would understand that the "add-on" is not covered, but the original equipment should be, i.e. motor and transmission, etc.

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This is a double edged sword. I had a tuner on my Jeep JK. The dealer never gave me any grief for it. Whenever they’d do an update it would simply return my tune back to factory setting, and I would reapply. Maybe someone who’s gotten some grief for their tune can chime in.

TomB 1269 said:

But any "extended warranty" I have ever had was about the part / component that failed and not the add-ons. The factory 3/36 or similar (i.e. 5/60) warranty, aka manufactures warranty is direct from the manufacture, so they can dictate certain things. But as someone else stated earlier, extend warranties are not factory/manufactures warranties so how does what an add on part that does not require any physical dis-assembly of the original unit even become and issue. I could understand if we were talking about a blower/supercharger where the top end of the engine has to come out as you are now adding an unknown variable due to the work completed by someone other than a factory tech.

And yes, I have an issue with factory coverage when it comes to tuners. The kid down the street goes and buys new oversize tires and different off-set rims, and tears up a bearing or axle, and it's covered, but we add a tuner that is sold over the counter (i.e. not a custom dyno tune just for our own vehicle), but as in a generalized tune that takes a little more advantage of the systems already installed in the truck/car and they want to throw the towel in.........

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There’s no reason that the warranty provider should have to cover something that has been operated outside of the perimeters that they agreed to cover. A tune affects the entire driveline. Sure, you’ll here people say “I’ve done this and it was covered anyway”, but you can’t make a decision based on those who were lucky enough to be overlooked. If the repair is costly enough, the warranty provider is gonna want to know why, and they’ll find out if it was tuned (and rightfully so).