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
3,265

$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

Add photo

Related Questions

Search Volvo S60 Questions

Volvo S60 Experts

#1 Christopher Paden
Christopher Paden
Reputation 840
#2 EarLob
EarLob
Reputation 440
#3 Tom Demyan
Tom Demyan
Reputation 390
View All

Related Models For Sale

Used Volvo S80"
27 Great Deals out of 1,534 listings starting at $991
Used Volvo S40"
42 Great Deals out of 1,227 listings starting at $1,500
Used BMW 3 Series"
1,006 Great Deals out of 37,649 listings starting at $1,200
Used Audi A4"
260 Great Deals out of 10,742 listings starting at $1,700
Used Volvo XC90"
107 Great Deals out of 3,127 listings starting at $2,995
Used Honda Accord"
1,142 Great Deals out of 73,373 listings starting at $1,450
Used Toyota Camry"
1,261 Great Deals out of 77,076 listings starting at $1,200
Used Volkswagen Passat"
378 Great Deals out of 24,877 listings starting at $900
Used Mercedes-Benz C-Class"
573 Great Deals out of 25,022 listings starting at $1,995
Used Volkswagen Jetta"
582 Great Deals out of 29,971 listings starting at $1,395
Used Volvo S60 R"
5 Great Deals out of 56 listings starting at $5,495
Used Acura TL"
243 Great Deals out of 6,205 listings starting at $1,990

Used Cars For Sale

2016 Volvo S60 For Sale
2,190 listings
2015 Volvo S60 For Sale
14 Great Deals out of 2,865 listings starting at $20,999
2014 Volvo S60 For Sale
3 Great Deals out of 289 listings starting at $18,990
2013 Volvo S60 For Sale
53 Great Deals out of 940 listings starting at $14,685
2012 Volvo S60 For Sale
44 Great Deals out of 898 listings starting at $12,000