I am looking at a Volvo that is about to go out of warranty. Should I buy an extension through the dealership or take my chances that the car will not cost me $2500.00 until I reach 100,000 miles. Please advise!
Thank you for your inquiry.
DO NOT TAKE ANY CHANCES. Your safety and the safety of your passengers should be your number one priority. So, my advice is very simple. Purchase the Extended Warranty and whether or not you ever have to use it, the warranty will also help to increase the value of your car if you ever decide to sell it.
In the end it will be a win/win for you.
Good luck in your decision!
〉 Answered on Feb 7th, 2008 by Barbra Einsohn , Customer Relations Manager at David McDavid Honda of Irving
buy the warranty....from the volvo dealer...make sure it is a volvo extended service plan...warranty is transferrable if you sell the car....
〉 Answered on Feb 7th, 2008 by Burnam Eubank, Dealer Principle at Palmetto Jaguar
I am a big fan of extended warranties, but it depends very much on how long you would expect to keep the car. Also what is the repair history of your car and the model you have in general? Are there complicated systems that are likely to need repair? If there are systems with your model that tend to require repairs over the long haul, I would get the warranty.
〉 Answered on Feb 7th, 2008 by Susan Seboda, President at Congressional Motors
Most extended warranties that the dealer is selling are not administered by the manufacturer, but an independent warranty company.
There are some good extended warranties out there, but there are also some real goats. You need to read the whole thing and understand what you will be getting and for how long compared to the cost of the warranty.
You do not need to purchase the warranty from the dealer. You could go online to buy one.
It would be really easy to spend $2500 dollars on a Volvo S60 before reaching 100,000 miles. But again, you need to understand what the extended warranty would cover and if that is a common breakdown on a Volvo.
Sorry to not be more specific, but it really depends on what kind of warranty is being offered.
At my Dealership, we sell extended warranties. We have the choice of selling 3 different price ranges. I call them good, better and best. We only sell the best, because it is a great warranty. It covers a lot of common problems, and it is easy to get the problem covered by the warranty company. From the service side of the business, some warranty companies are a real pain to have to deal with.
If you decide not purchase the extended warranty on this Volvo, I would suggest you put a regular amount of money into a savings account to pay for maintenance service and repairs. Automobiles will always need to be worked on and this takes money. If you put aside just $50 a week, you would have over $2500 a year to keep your car running in tip top shape.
All My Best,
〉 Answered on Feb 7th, 2008 by Amy Mattinat, Owner and Author at Auto Craftsmen Ltd