StuartV
Ram Guru
A 7 year extended warranty ends 7 years from the date of purchase according to him.
I believe you were told wrong. At least, if we're talking about an actual factory (aka Mopar) extended warranty.
Thank you for clarifying, and thank you to everyone on this thread. You have really helped me out and saved me money. I was absolutely lied to at the dealer, they told me the extended started after the factory was up. I just called and canceled it.
So what is the advantage of buying an extended warranty so early on before your factory expires? It seems to me that you're losing many years and miles on a warranty and having them overlap. Is there a large difference in cost buying the extended when the truck has 5,000 miles versus 35,000 miles?
If you squint and hold your mouth just right, you could say that they didn't lie to you. The extended warranty does not "start" until the factory one is up - in the sense that it does not give you any coverage until the factory warranty runs out.
But, the clock started when the vehicle was put in service.
The reason to buy the warranty right away instead of waiting until 35 months or 35,000 miles is simply that the price could go up between now and then. It's certainly not going to get cheaper... You're not losing anything. If you buy the 5yr/100K mile warranty, it's going to end 5 years after the date you bought the truck (not the warranty) or when you hit 100,000 miles on the odometer - no matter when you buy the warranty.