German “luxury” car(hence probably repair costs higher). 1st year model after major redesign.
Does it make sense to buy an extended warranty? Cost is almost 7% of MSRP. OR is it just a waste of money?
Statistically I think… I lose(if I buy the warranty)?
How much original warranty is left? If you’re at the end of the original warranty and haven’t had any problems, then I wouldn’t be worried. If you’ve had some warranty repairs, then I’d buy the extended one. The price seems pretty high. You can always try to negotiate it down.
That’s not bad for 10/120k. I was thinking 6/75k. If you haven’t had any problems yet and stick to your maintenance schedule, then I wouldn’t pay for it. You still have 3 years to decide.
Not a car person - was gonna ask whether your friendly neighbor is still around but realized that would be covered under your comprehensive auto coverage
The thing is, and it is not exclusive to German cars, but after warranty period you are talking the range of 100K+ miles. Sure, even Japanese cars, things def start breaking down. Let’s be quite frank, Hondas and Toyotas are not like they used to be (made in Japan). Suspension, electronics… I def will not buy another German car unless new and under warranty.
So I have had Japanese cars for 17 years. As I was explaining to the Tesla service rep earlier, my model 3 has spent more time in the shop in 6 months then my Japanese cars have in 17 years.