3rd party warrantee

Kinja'd!!! "HammerheadFistpunch" (hammerheadfistpunch)
04/13/2017 at 21:21 • Filed to: None

Kinja'd!!!0 Kinja'd!!! 9

Are there any 3rd party warrantee services that are worth anything? Ive given up trying to find a cpo xc70 but i still want some coverage for expensive parts costs should there be a problem. Any out there that are not just hot garbage?

Kinja'd!!!

DISCUSSION (9)


Kinja'd!!! FTTOHG Has Moved to https://opposite-lock.com > HammerheadFistpunch
04/13/2017 at 21:39

Kinja'd!!!1

Looks like Carmax has a couple of decent XC70's. You could email them and see what the warranty price is.


Kinja'd!!! HammerheadFistpunch > FTTOHG Has Moved to https://opposite-lock.com
04/13/2017 at 22:17

Kinja'd!!!1

I’ve chatted to then about warrantee pricing. It’s high and so is the price I’d their xc70s


Kinja'd!!! nermal > HammerheadFistpunch
04/13/2017 at 22:25

Kinja'd!!!1

They’re all based on two bits of math:

1) The insurance company’s estimate on average cost of repair, plus some extra profit

2) Dealer profit.

The cost of an extended warranty on a vehicle will give you a good indication of how likely it will be for stuff to break, and how expensive it will be to fix things when they do break.

From a math perspective, you’re better off skipping the warranty and putting the money you would spend on it into a low-risk investment. If something does break, you have funds saved to pay for it. If nothing breaks, you have extra cash available for down payment $$$ on the next one.


Kinja'd!!! HammerheadFistpunch > nermal
04/13/2017 at 22:54

Kinja'd!!!1

Well I could put $2000 into an investment but even a good investment at 3 years isn’t going to pay for a $4500 service if a $2000 part goes.


Kinja'd!!! shop-teacher > HammerheadFistpunch
04/13/2017 at 23:58

Kinja'd!!!0

Will Volvo not sell you an extended warranty?


Kinja'd!!! HammerheadFistpunch > shop-teacher
04/14/2017 at 00:13

Kinja'd!!!0

Only through their cpo program


Kinja'd!!! shop-teacher > HammerheadFistpunch
04/14/2017 at 01:59

Kinja'd!!!0

That’s weird.


Kinja'd!!! nermal > HammerheadFistpunch
04/14/2017 at 11:28

Kinja'd!!!0

Right, your $2k will not pay for a $4k part, if one of those breaks.

Statistically speaking, however, it’s more likely to cost <$2k in repairs over the term of the warranty. You’re basically gambling against the house here. They know the odds, and they will make $$$. You might come out ahead, but more than likely not.


Kinja'd!!! HammerheadFistpunch > nermal
04/14/2017 at 11:30

Kinja'd!!!0

Truth but I like my odds. Given that the car im replacing had $11,000 in fuel system work in 40k miles, it only takes one of those.