3rd party warrantee

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

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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?

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

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

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

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

nermal > HammerheadFistpunch 04/13/2017 at 22:25

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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.

HammerheadFistpunch > nermal 04/13/2017 at 22:54

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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.

shop-teacher > HammerheadFistpunch 04/13/2017 at 23:58

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Will Volvo not sell you an extended warranty?

HammerheadFistpunch > shop-teacher 04/14/2017 at 00:13

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Only through their cpo program

shop-teacher > HammerheadFistpunch 04/14/2017 at 01:59

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That’s weird.

nermal > HammerheadFistpunch 04/14/2017 at 11:28

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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.

HammerheadFistpunch > nermal 04/14/2017 at 11:30

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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.