I have a 2005 Audi A4 wagon with 33,000 miles on it. My original warranty is expiring at the end of this month. Though I have never missed a service and treat this car like a baby, I know future repairs will be expensive and thus I am considering buying an extended warranty. I love the car and plan on keeping it. I have been given a quote of roughly $3,000 for a 6 year/60,000 mile extended warranty by the dealer from which I bought it.
1) If I plan to keep the car, should I invest in an extended warranty?
2) If yes, should I shop around and what is the best way to do this?
3) Should I bargain with my dealer or are warranty prices firm?
4) Can one buy extended dealer warranties online?
Thank you very much.
If you are keeping the car, buy a warranty. Ask the service department which warranty is the best. The best place to buy a warranty is from the dealer that will service your car. They will not sell you a warranty that is not a good one because of your service relationship. The price your were quoted was decent, since you are a good customer with the dealership, ask for a little off the price. DO NOT buy a warranty online, you will be wasting your money. Good Luck!
〉 Answered on Jan 7th, 2009 by Jenny Trostel, Partner at Anderson of Hunt Valley
If you plan to keep the car, I would strongly suggest you invest in an extended service plan. It is however like buying life insurance, it only pays if something does happen. You can call another Audi dealer and ask for a price for the warranty to compare prices. Also ask if it is an Audi warranty. This is important! If it is an after market brand it may not be accepted at all Audi dealers cross country. Again this is important!!
〉 Answered on Jan 7th, 2009 by Shelly LoCascio, Dealer Principal at Irwin Lincoln Mercury Mazda
Extended Warranties are like an insurance policy...you*re not sure if you*ll ever need it but it does serve as a great peace of mind...and in some instances could save you money as we never know how costs could increase in years to come. It*s best to purchase this type of warranty from the dealership that you service your vehicle at...as if there is a repair that is questionable as far as what is covered they will tend to work with you (and the manufacturer) more. As for the price, you may want to call just one other Audi dealership to keep them honest, but make sure you*re comparing apples to apples...same term, coverage, and deductible. Hope this helps!
〉 Answered on Jan 7th, 2009 by Susan Scarola, President and CEO at DCH Auto Group
Extended warranties can be a good thing if you shop carefully. First...YES the price is negotiable, so negotiate very hard. The $3000 figure seem very high, I would cut it in half to begin with and see where they go. I also depends on the mileage currently on your vehicle.
It is best if the Ex Warranty is from the manufacturer, be very careful who is issuing the contract. It is never the dealer but a 3rd party. You can do your homework on the internet. You can purchase these type of contracts over the internet, but it is better to be certain which ever one you purchase is accepted by your dealer and is not a pay first get reimbursed later. It should be a contract that can easily be used at any Audi dealership.
〉 Answered on Jan 7th, 2009 by Jessie L Thatcher, F&I and Sales Specialist at Reynolds and Reynolds Company (Retired)