Out of warranty.. what now? Lol

[Iridium]

Went this past weekend on a long trip to Kings Canyon National Park. Had a blast and also somewhat of a heart attack with the damn guard-less roads up there up to 6k feet in elevation.. terrible when the sun is blinding you in crazy windy roads but anyway..

My trucks warranty is over midway through the trip and realized I have to be attentive to the trucks maintenance which is nothing new to me so this new journey with my first truck seems pretty good so far.

Crossing my fingers I have no major mechanical issues down the road and that the truck lasts long. (Well over 500k if possible) from how the market is looking this will definitely be my forever truck.

Nothing exciting here just figured I’d jot something down here on the forum. Haha

I also installed the Gator EFX tonneau cover before the trip. Took less than 30 min. To install. Looks great and I’m glad with the overall purchase of the tonneau cover.

 

[bigdodge]

Went this past weekend on a long trip to Kings Canyon National Park. Had a blast and also somewhat of a heart attack with the damn guard-less roads up there up to 6k feet in elevation.. terrible when the sun is blinding you in crazy windy roads but anyway..

My trucks warranty is over midway through the trip and realized I have to be attentive to the trucks maintenance which is nothing new to me so this new journey with my first truck seems pretty good so far.

Crossing my fingers I have no major mechanical issues down the road and that the truck lasts long. (Well over 500k if possible) from how the market is looking this will definitely be my forever truck.

Nothing exciting here just figured I’d jot something down here on the forum. Haha

I also installed the Gator EFX tonneau cover before the trip. Took less than 30 min. To install. Looks great and I’m glad with the overall purchase of the tonneau cover.

good info here;

Extended warranty cost?

Thinking about getting the extended warranty. Looking for may coverage the 8 year with 100k or 125k miles. Hopefully 0 deductible. What did you guys pay for your new car extended warranty? Thanks

5thgenrams.com

 

[DEG]

With all the money I have saved by not buying an extended warranty on the two dozen or so new vehicles I've purchased I can afford the occasional out of warranty repair. Extended warranties are only valuable for people living paycheck to paycheck who can't afford an unexpected repair cost.

 

[firecadet613]

With all the money I have saved by not buying an extended warranty on the two dozen or so new vehicles I've purchased I can afford the occasional out of warranty repair. Extended warranties are only valuable for people living paycheck to paycheck who can't afford an unexpected repair cost.

In other words, most of America!

 

[DEG]

In other words, most of America!

Not quite. According to a MarketWatch poll, only 36% of American's say they might be unable to afford an auto repair bill over $500.

I would guess that % is a lot smaller for people who are buying $50,000+ trucks.

 

[Bubba1120]

I am a big fan of Ziegler extended warranties - Ziegler warranty

I had it for my 21 1500 till I decided to trade it in, only cost $1600 for an 8 yr 85000 mile coverage. Plus, they refunded me $1300 for the unused portion. I have it now for the wifes JGC that we decided to buy out from the lease. To me, $1600 bucks, and a $200 deductible is well worth the money

 

[DEG]

To me, $1600 bucks, and a $200 deductible is well worth the money

For most people it will not be worth the money. Extended warranties cover the period of time when cars are the most reliable. The primary coverage benefit starts after the manufactures warranty has expired and by then most of the bugs have been worked out. They end before most cars start to deteriorate from high mileage and old age. In the last 40 years I have saved well over $20,000 by not purchasing extended warranties on at least 22 new cars I purchased. My biggest repair bill for a period that would have been covered by an extended warranty was around $600 and total I've not spend more than $2500 on repairs that would have been covered by an extended warranty. I would hate to have to spend $6 - 8K on a new motor or transmission but if I had to for some reason I would still be way ahead.

Extended warranties are not sold for your financial benefit; they are sold to financially benefit those who sell the warranties. The cost of an extended warranty is only worth it to those selling the warranty.

 

[firecadet613]

For most people it will not be worth the money. Extended warranties cover the period of time when cars are the most reliable. The primary coverage benefit starts after the manufactures warranty has expired and by then most of the bugs have been worked out. They end before most cars start to deteriorate from high mileage and old age. In the last 40 years I have saved well over $20,000 by not purchasing extended warranties on at least 22 new cars I purchased. My biggest repair bill for a period that would have been covered by an extended warranty was around $600 and total I've not spend more than $2500 on repairs that would have been covered by an extended warranty. I would hate to have to spend $6 - 8K on a new motor or transmission but if I had to for some reason I would still be way ahead.

Extended warranties are not sold for your financial benefit; they are sold to financially benefit those who sell the warranties. The cost of an extended warranty is only worth it to those selling the warranty.

If you've purchased 22 new cars, you've likely not owned them long enough for the extended warranty to kick in.

Not quite. According to a MarketWatch poll, only 36% of American's say they might be unable to afford an auto repair bill over $500.

I would guess that % is a lot smaller for people who are buying $50,000+ trucks.

You said paycheck to paycheck and THAT'S what I was referring to...

 

[firecadet613]

I'll add that on another forum that I'm on, a fellow is posting Stellantis is taking a long time to approve MaxCare warranty claims.

I bought my MaxCare for my Ram while it was FCA and I never heard any issues getting items covered. Not sure I'd buy it now (or the Ram for that matter)...

Edited to add - I paid $3060 in Jan 2023 to get the 5yr/75k MaxCare plan. I just looked and that same plan costs $4590 today...

 

[Jako]

I'll add that on another forum that I'm on, a fellow is posting Stellantis is taking a long time to approve MaxCare warranty claims.

I bought my MaxCare for my Ram while it was FCA and I never heard any issues getting items covered. Not sure I'd buy it now (or the Ram for that matter)...

Edited to add - I paid $3060 in Jan 2023 to get the 5yr/75k MaxCare plan. I just looked and that same plan costs $4590 today...

I'm with you, "Not sure I'd buy it now". I have the lifetime warranty and it has been 2 months so far just waiting for the motor. This past Monday the advisor said the motor was coming in this week but I did not receive any update and I can expect another month once the motor comes in. Looked at a 2025 and invoice pricing was 58,470 for my build, msrp 61720 from what I recall. You lose a lot of confidence in a company when the motor goes at 40011 miles with no indicators of a failure. No info on cause of failure at this point.

 

[1BADRAMLIMITED]

With all the money I have saved by not buying an extended warranty on the two dozen or so new vehicles I've purchased I can afford the occasional out of warranty repair. Extended warranties are only valuable for people living paycheck to paycheck who can't afford an unexpected repair cost.

I also usually don’t buy extended warranties but this time around I did. I believe the one I got through my credit union was 3k or so. I’ve already got my money back due to having to take this truck to the dealer 3 times. I’ve had the water pump replaced, intermediate shaft, cv axles, 2 exhaust manifolds, oil cooler lines and transfer case replaced. All totaling well over the price I had to come out of pocket for the warranty. My thought process is these vehicles jammed full of tech and wizardry(and poor manufacturing) are more troublesome and harder to diagnose and outside of my scope as a DIY mechanic. Just my opinion but I think warranties are worth it!

 

[Bubba1120]

For most people it will not be worth the money. Extended warranties cover the period of time when cars are the most reliable. The primary coverage benefit starts after the manufactures warranty has expired and by then most of the bugs have been worked out. They end before most cars start to deteriorate from high mileage and old age. In the last 40 years I have saved well over $20,000 by not purchasing extended warranties on at least 22 new cars I purchased. My biggest repair bill for a period that would have been covered by an extended warranty was around $600 and total I've not spend more than $2500 on repairs that would have been covered by an extended warranty. I would hate to have to spend $6 - 8K on a new motor or transmission but if I had to for some reason I would still be way ahead.

Extended warranties are not sold for your financial benefit; they are sold to financially benefit those who sell the warranties. The cost of an extended warranty is only worth it to those selling the warranty.

For me, I have traditionally avoided extended warranties, since I have been leasing two vehicles every three years for a while now. But now, and from past experiences feel like its a good buy in case a heater core or front end goes out. On my 21 Ram, the Heater core would have been $1800 if not for the warranty

 

[Majortom]

So I’m confused. If extended warranty is not your preferred option, and you do your regular maintenance as scheduled, what advise are you looking for from this group? I’m not being flippant, I just don’t understand what the question is.

 

[DEG]

If you've purchased 22 new cars, you've likely not owned them long enough for the extended warranty to kick in.

Incorrect. I don't remember owning a new vehicle that I didn't put enough miles on for it to have run out of an extended warranty. I think you are assuming I'm the only one driving a new car in the household.

You said paycheck to paycheck and THAT'S what I was referring to...

Your Forbes source based on every person in the US. Very few people buying new 5 gen Rams are living payday to payday unless they have rocks in their head.

 

[firecadet613]

Incorrect. I don't remember owning a new vehicle that I didn't put enough miles on for it to have run out of an extended warranty. I think you are assuming I'm the only one driving a new car in the household.

Nope, just a guess. My extended warranty is until 125k miles though...

Your Forbes source based on every person in the US. Very few people buying new 5 gen Rams are living payday to payday unless they have rocks in their head.

Have you met most of America?! Seen all the new pickups and SUVs? Most folks live paycheck to paycheck, likely some folks here!

To each their own on the extended warranty, sounds like some in this thread have found it useful. At a $3k price I bought, $4.5k I likely would not...

 

[Cbty2050]

With all the money I have saved by not buying an extended warranty on the two dozen or so new vehicles I've purchased I can afford the occasional out of warranty repair. Extended warranties are only valuable for people living paycheck to paycheck who can't afford an unexpected repair cost.

I know a person who has a service contract, that contact cost $3600. They are getting their engine replaced. That engine installed is almost $15k.

 

[dajogejr]

With all the money I have saved by not buying an extended warranty on the two dozen or so new vehicles I've purchased I can afford the occasional out of warranty repair. Extended warranties are only valuable for people living paycheck to paycheck who can't afford an unexpected repair cost.

Disagree.
It’s also about your luck.

With all the tech on these new vehicles, and not being able to service more and more of it..
They’re not “only” for those living paycheck to paycheck.

My Max Care easily saved me 12 to 15K worth of repairs on my 15 limited.
I’m not going to argue the % of people living paycheck to paycheck..
But Extended warranties have served both my wife and I very well, more than paid for themselves, on the vehicles we’ve bought brand new and drove for years.

 

[DEG]

For me, I have traditionally avoided extended warranties, since I have been leasing two vehicles every three years for a while now. But now, and from past experiences feel like its a good buy in case a heater core or front end goes out. On my 21 Ram, the Heater core would have been $1800 if not for the warranty

That's exactly how they market extended warranties to dupe people into buying them. They use rare examples of expensive repairs.

Disagree.
It’s also about your luck.

With all the tech on these new vehicles, and not being able to service more and more of it..
They’re not “only” for those living paycheck to paycheck.

My Max Care easily saved me 12 to 15K worth of repairs on my 15 limited.
I’m not going to argue the % of people living paycheck to paycheck..
But Extended warranties have served both my wife and I very well, more than paid for themselves, on the vehicles we’ve bought brand new and drove for years.

You are also confusing the rare example with the norm and failing to see the long-term. It's not about luck, it's about odds over the long-term. There are some people who refuse to invest in the market or even a 401K because they hear news stories of losses and can't see things in the long-term.

Almost no one will have 12 to 15K of repairs during the golden period covered by an extended warranty and you will still likely be money ahead if you never purchase an extended warranty on any vehicle you own.

If extended warranties paid for themselves for the majority, then you would never be able to buy one because people who sell them are not in the business of losing money.

 

[dajogejr]

That's exactly how they market extended warranties to dupe people into buying them. They use rare examples of expensive repairs.



You are also confusing the rare example with the norm and failing to see the long-term. It's not about luck, it's about odds over the long-term. There are some people who refuse to invest in the market or even a 401K because they hear news stories of losses and can't see things in the long-term.

Almost no one will have 12 to 15K of repairs during the golden period covered by an extended warranty and you will still likely be money ahead if you never purchase an extended warranty on any vehicle you own.

If extended warranties paid for themselves for the majority, then you would never be able to buy one because people who sell them are not in the business of losing money.

I don’t know..
If you read forums like this, there are so many problems out there, extended warranties will pay for themselves….
With all the tech in today’s cars/trucks, they can be just as expensive to repair.
I get it.. you’re not likely to blow an engine, trans, transfer case, etc. Possible, but very unlikely…by sheer number alone.

What about the radio…. All the electronics, air ride…
Seals, gaskets, etc…. And for things like that… it’s the labor, not as much the parts.

Forget about the legality of it (need/must) insurance could be looked at the same way.
But I’d rather have it and not need it, then the other way around.

Like I said…luck. You can have it…or not…

 

[Jako]

That's exactly how they market extended warranties to dupe people into buying them. They use rare examples of expensive repairs.



You are also confusing the rare example with the norm and failing to see the long-term. It's not about luck, it's about odds over the long-term. There are some people who refuse to invest in the market or even a 401K because they hear news stories of losses and can't see things in the long-term.

Almost no one will have 12 to 15K of repairs during the golden period covered by an extended warranty and you will still likely be money ahead if you never purchase an extended warranty on any vehicle you own.

If extended warranties paid for themselves for the majority, then you would never be able to buy one because people who sell them are not in the business of losing money.

I'm one of the lucky lucky ones. Luck as in not purchasing one previously and luck in purchasing one for my 2019 Ram and I need a motor.
Does that mean I'm a winner?
Kinda laughing!
Serenity prayer keeps my vitals in check.