klail
Well-Known Member
I can confirm that not all extended warranties require the OEM warranty to still be in effect. My option for warranty does not have this requirement as it still only covers any vehicle up to a certain number of years and miles. For example: If I buy it now it will cover me for 7 years/125k miles. If I buy it in 5 years it will cover me for 3 years and up to 125k miles on the vehicle. Either way it is the same coverage. The only thing that changes is the price. The later you wait the cheaper it gets because there is less time that it is covering you, however, if there are a lot of claims for a specific vehicle, the price could go up do to the cost to the company. At first they price the warranty based on the price of previous year vehicle claims but with a new generation their can always be different problems.Maybe start looking into this now. Some extended warranties (all?) can only be purchased WHILE your original OEM warranty is still in effect.
By the way, you don't have to live in Idaho to get this warrant. I used to work for the credit union that issues it and I did multiple out of state policies. A nice thing about it is if you sell the vehicle the warranty is either transferable or you can do what I did on a previous vehicle and cancel it and get a refund for the term you have left regardless of how many times you used it.
https://www.iccu.com/inc/uploads/2017/04/mrc.pdf
Here is my quote:
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