
Originally Posted by
elRayRay
While I agree with everything you say, I'd like to add that everything you listed as wear items and failures would be paid for with a grand total of $600 with the warranty I have. And that is on the assumption that the water pump and PCV don't get replaced at the same time. Almost the entire vehicle is covered; electrical, mechanical, suspension, powertrain, etc. for $100 per instance. It's also covered until the car is paid off.
Also, I should add that I don't have a garage, nor even a driveway to speak of. I fortunately have the option to take it to work and pull it inside to do brakes, oil, and other simple DIY's but anything more involved and I'll likely have to take it in.
And that's the caveat: the ability to do most of the work yourself. If you can't (garage, skills, time, lack of interest, etc) then a warranty [usually] makes sense. Then the warranty offsets shop labor and the higher parts cost, not just cheap parts.
If you need to pay a shop to do the PCV and water pump those are going to cost closer to $2k than $600 (and don't forget the sunroof frame ... if that can be covered under warranty, it's not a maintenance item).
I'm also of the unpopular opinion that if you have a high-mileage German car, you probably should have backup transportation available. When I had my (low-mileage!) BMW E60 that was a lesson I learned quickly.
The other thing to consider re: the extended warranty is what they'll up to, i.e. the 'cap'. Some cap it at $5k, other's the value of the vehicle. I was looking at a Porsche Cayenne turbo s, and the $3k powertrain-only warranty (24k miles, 24 months) was capped at $5k. You can't do anything on a Cayenne for $5k. That's a worthless warranty (and indication of how troublesome those vehicles are).
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