Extended warranty good idea or not?

ginobechi
0

Asked by ginobechi Feb 24, 2010 at 04:19 PM about the 2006 Volvo S60 2.5T

Question type: Shopping & Pricing

My 2006 Volvo 2.5T has been a gem as long as I've had it - no repairs needed. Just a wonderful car in my experience.  Should I expect it to fall apart like the one-horse shay after its 4-year warranty is up next month?  
  I read advice NOT to buy extended warranties but know too that if and when the Volvo needs anything, that anything is likely to be expensive.  It has 44K miles now; the dealer offers a "7 year -
84K mile warranty," which is actually a 3-year 40K warranty since the other 4 years and 44K miles are already in the past.  The warranty is on sale through Saturday for 25% off, for a total of only $2500.
The language alone made me feel less than good about buying this product.  I can support one $1200 repair and two $600 repairs in the next three years and come out even -- with the chance that I won't need so many repairs, in which case 'I win'.  Conversely, if the car falls apart, I lose.  I don't like buying 'peace of mind,' suppporting our cultural bias toward cowardice, with a major effort  always being made by someone with an interest in having us so, trying to frighten us about EVERY thing.
  Oh, yes, and there is a $50 deductible for every repair.  I guess I've talked myself out of the extended warranty, but will still be interested in anything the Gurus think.
  Thank you.
Harry A

1 Answer

Christopher Paden
2,345

$2500 for 3 years seems a bit steep, is this a bumper to bumper warranty or just powertrain? If its just a powertrain warranty I dont think the price is worth it.. Just keep the car maintained by the book and make sure to keep the timing belt, timing belt tensioner, timing belt idler, and water pump replaced at the recommended intervals. I also recommend having the transmission fluid changed at least every 60k miles.

Your Answer

Related Questions

  • Polestar not available for the S60 T5. Why not? It is available for 5 cylinder engines in other models> 1 answer

    I was told by the dealer that I could get a Polestar upgrade that would be dealer installed. I bought a 2012 S60 T5. When I went in to get the upgrade, I was told it was not available for my model ...

    2012 Volvo S60 T5

    -

    Car Customization

  • Peformance enhancement for a 2012 S60 T5 4 answers

    I asked my dealer about performance options for the car I bought. He indicater that there is a Polestar tuning for the T5 for $1300 that will give me 25 more HP. Does anyone know about this? Did anyon...

    2012 Volvo S60 T5

    -

    Car Customization

  • transmission shift problems in lower gears 02 s60 non turbo 1 answer

    ok so heres the deal, was helping out a friend, the volvo dealer condemned her transmission without taking a good look at it they wanted 4800 to replace it, so i agreed to take a look at it. i found i...

    2002 Volvo S60

    -

    Maintenance & Repair

  • Bulb failure position light 10 answers

    The following message came up in the message center: "Bulb failure position light" I can not find any information about this bulb or what the "position light" refers to. Any ideas?

    Volvo S60

    -

    Maintenance & Repair

  • Volvo 242DL 1984 Coupe ~ approx idea of fair price? 4 answers

    I'm currently looking at a 1984 Volvo 242 DL Coupe one owner 93,000 miles. It's been sitting around under cover for 11 years. It looks in great shape. The dealer is asking $2800- for it. Am I getting...

    Volvo 240

    -

    Shopping & Pricing

Search Volvo S60 Questions

Volvo S60 Experts

#1 Christopher Paden
Christopher Paden
Reputation 710
#2 EarLob
EarLob
Reputation 350
#3 Tom Demyan
Tom Demyan
Reputation 310
View All

Related Models For Sale

Used Volvo S80"
59 Great Deals out of 1,786 listings starting at $1,995
Used Volvo S40"
60 Great Deals out of 1,292 listings starting at $1,995
Used Audi A4"
286 Great Deals out of 10,204 listings starting at $1,450
Used BMW 3 Series"
1,144 Great Deals out of 34,977 listings starting at $1,800
Used Volvo XC90"
112 Great Deals out of 3,532 listings starting at $3,995
Used Honda Accord"
1,121 Great Deals out of 81,453 listings starting at $1,000
Used Volvo C70"
35 Great Deals out of 809 listings starting at $2,345
Used Mercedes-Benz C-Class"
738 Great Deals out of 19,439 listings starting at $1,999
Used Volvo XC70"
50 Great Deals out of 2,195 listings starting at $2,900
Used Volkswagen Passat"
390 Great Deals out of 27,100 listings starting at $1,000
Used Volvo S60 R"
4 Great Deals out of 72 listings starting at $5,695
Used Volkswagen Jetta"
824 Great Deals out of 45,865 listings starting at $995
Used Acura TL"
263 Great Deals out of 6,747 listings starting at $1,100

Used Cars For Sale

2015 Volvo S60 For Sale
3,109 listings
2014 Volvo S60 For Sale
7 Great Deals out of 1,610 listings starting at $25,999
2013 Volvo S60 For Sale
29 Great Deals out of 800 listings starting at $20,000
2012 Volvo S60 For Sale
58 Great Deals out of 1,099 listings starting at $13,494
2011 Volvo S60 For Sale
3 Great Deals out of 86 listings starting at $15,995