Extended Warranty

[PamelaJ]

Wondering if any of you new Versa owners purchased the extended warranty offered for your 2007 Versa? We pick up our new Versa in a few weeks and we can't decide if we should purchase the extended warranty package? Help us decide

[sixdgrees]

I bought the extended warranty. I don't know if it was the best choice but in the end I figured it would at least give me peace of mind.

The thing is I know almost nothing about cars so whatever breaks I'm going to have to pay someone to fix......I'd rather purchase that extra security up front than worry about it down the road.

[PamelaJ]

can I ask approximately what it cost you for the extended warranty you purchased?

[michelkenny]

I always think it's a good idea to get the extended warranty. There is a chance you may not use it, but there is also a chance that it saves you a lot of money if a big repair happens after the warranty is over.

For my Canadian Versa (which I don't have yet), I'm getting the 7 year (120000 km) bumper to bumper for $1900 Canadian.

[que cogones]

i pay $500for my extended warranty and that Because that bank want me the buy it

[sixdgrees]

I got a 4 year / 100,000 KM extended warranty for $845 (Canadian)

[tama48]

The extended warranty is a personal call. How much risk are you willing to assume? Myself. I bought it for the additional peace of mind. The labor and parts these days are so expensive that ONE incident and it could almost pay for itself. There is also the chance you may never use it. I have six year /100,000 miles coverage. Like I said personal call.

[proxim2020]

I agree. It's a personal call. If you're mechanically challenged, you should most defiantly look into purchasing one. I myself, have never purchased one. I've always just worked on my own cars and solved my own problem. When somethings beyond me reach or I don't have the proper tools (i.e replacing differential bearings) I'll bring it to one of my trusty mechanics who do excellent work at very reasonable prices. But rarely do I need to stop in for repairs.

[Nolalove06]

I know that if you have Geico insurance, they offer Mechanical insurance on all new vehicle. its a no named policy so if ANYTHING breaks they fix it (except tires). it goes to 7 years 100k miles i believe. i only pay about $75 every 6 mos for it. I figured it would be worth it since im a new standard driver and will most likely need a new clutch in 6 months

[AZhitman]

Buynig an extended warranty at the time of purchase is FOOLISH.

Your car is already warranteed for the length of the factory warranty.

Basically, they're holding your money until the factory warranty runs out - PLUS, you're FINANCING that warranty, which you can't use for three years.

Waste of money.

Wait until a month before the factory warranty expires, then purchase an aftermarket extended warranty. Warrantybynet.com and NissanExtendedWarranty.com come to mind.

These are the SAME warranties sold by the dealership (same underwriters and insurance companies), with the SAME coverage, without the absurd dealer markup.

Also, they'll let you make payments on the coverage. I put a 3 year, 40K mile policy on my Q45 when it had 70K miles on it. Cost me $1200, payable over 12 months, no interest, with a $50 deductible. I had over $6500 worth of repairs done on the car in those 3 years.

[jacksan1]

I have never bought an extended warranty. I would rather deposit the same amount of money it would take to purchase an extended warranty in savings or a mutual fund, and take it out when the need for a major repair comes up in the future. In my own small world, I have never had a repair that matched or exceeded the dollar amount of an extended warranty that was quoted at the time of a new car purchase.

[canada_versa]

Maybe it is just lucky me, but everytime I purchase extended warranty (twice in the past) there is some small print that says "Oh, that, that particular thing is not covered under extended warranty". I have had a power window fail, power seat motor fail, battery failure, seats went flat (actually started sinking in), moulding coming off, sun visor fell off, etc. None of these were covered. I also had a oil leak that actually was covered under warranty, but the serpentine belt needed to be replace, which was not covered.

When I went to put a deposit on our Versa, they indicated that you did not have to purchase the extended warranty at the time of purchase (as I was required to do in the past with GM vehicles).

So, I am going to see how reliable this baby is over the next 3 years and then decide about extended warranty.

READ THE SMALL PRINT - BUMPER TO BUMPER DOES NOT NECESSARILY MEAN THAT IT IS COVERED, OR DOES NOT COME WITH A DEDUCTABLE.

[jacksan1]

READ THE SMALL PRINT - BUMPER TO BUMPER DOES NOT NECESSARILY MEAN THAT IT IS COVERED

This is so true. After I have read the fine print of a few of those contracts, I said "Forget it." Lots of things that are likely to fail during the contract period are excluded.

As I said, I'd rather save the money, earn an interest on it, and pull out the cash if and when I need to access the money for repair. If I kept $1,200 in a savings yielding 4% APR for five years, I would have $1,465 in the end. No matter what happens, I would have earned the extra $265.

[Jemdawg]

I'm not one for extended warranties. I've always had bad experiences with warranties, because the tech [in any example, not just automotive] is paid to find a way to blame it on you and void your warranty. This has happened to me numorous times, where I was blamed and had no fault whatsoever, yet I can't prove it, whatever they consider to be suspicious is taken into account as a fault of the customer.

Call me cynical, because I am.

[waltersi]

Just received my versa I purchased the extended warranty for 3 years with a $50.00 deductable for $500.00 pey year $1500.00 total. I figured this is a new model and the bugs are not worked out. I usually can fix my stuff myself but with the CVT trans. I thought it might give me piece of mind

[Bubs daddy]

Buynig an extended warranty at the time of purchase is FOOLISH.Your car is already warranteed for the length of the factory warranty.

Basically, they're holding your money until the factory warranty runs out - PLUS, you're FINANCING that warranty, which you can't use for three years.

Waste of money.

Wait until a month before the factory warranty expires, then purchase an aftermarket extended warranty. Warrantybynet.com and NissanExtendedWarranty.com come to mind.

These are the SAME warranties sold by the dealership (same underwriters and insurance companies), with the SAME coverage, without the absurd dealer markup.

Bingo. It's a big money maker for the dealer and is just a profit padder. 98% of the time you will not need it.

Wait, and if you really think you want an extended warranty buy one after 36 months. Much cheaper than the one the dealer offers.

"Consumer Reports does not recommend buying an extended warranty unless you plan on keeping a trouble-prone vehicle for an extended time after the original warranty runs out. Most manufacturer warranties are sufficient, with bumper-to-bumper coverage of at least three years or 36,000 miles and powertrain coverage that’s often longer. If you want an extended warranty, ones offered by the auto manufacturer are typically better than those offered by third-party companies."http://autos.yahoo.com/consume....html

[Bubs daddy]

"Peace of mind." Well, the one thing I can guarantee you is they will take a piece of your bank account. Never bought one, never will. Man, retail has consumers CONVINCED and snookered that they must have an extended warranty for everything. They are just a big money maker for the sales staff and the warranty companies.

[CALGARY]

Just received my versa I purchased the extended warranty for 3 years with a $50.00 deductable for $500.00 pey year $1500.00 total. I figured this is a new model and the bugs are not worked out. I usually can fix my stuff myself but with the CVT trans. I thought it might give me piece of mind

Unless I'm reading this wrong.... there is a 3 yr already on it. You bought a 3 year (is that a 72 month total?? If not you got hosed. I didn't take it, I'm waiting to see if I have lots of problems, if I do I'll go for it. Some cars are lemony.

[Slither]

Take the cost of extended warranty and give it to your financial guy to invest. If you need it, draw it out. If you don't you have an investment.

Why give out your hard earned doe ahead to protect you from poor quality control?

[robertc]

Of course the finance person at the dealership when I wen tin to sign the loan papers pushed the Extented Warranty. It was $2100 for a 6 year 100,000 mile warranty. I said ok give to me for $1200 or I won't buy the car and you can destroy all the paperwork you just created. And she said well we wouldn' make much profit on it and I said well a little profit is better than nothing so take it or the whole deal is off. Well She took my offer maybe it was a good thing that it was getting very late and they all wanted to go home.

[proxim2020]

Just advise to all, you should never go into the dealership in the evening hours, hungry or even if you have something to do later. Why? Well there's a good chance that you've been pretty active throughout the whole day. You go into the dealership thinking, "Oh, I'll only be here for an hour. I'll pick out my car, sign the paperwork, and be gone. No problem." Most times you're going to be in there for a minimum of a hour just to get to signing papers. As time passes you get tired, you get hungry, you begin to remember that you have that thing to do soon, and your defenses wear down. You begin to agree to things that you know you'll second guess the next morning just so you can get the hell out. Rather than being clear headed and thinking, "I don't need this all. I said before I got here I wouldn't buy this," you begin to think, "Well that's a good deal. Maybe I should invest." When you study interrogation videos, you begin to see the crucial point at which the human brain's defenses begins to break down due to long interview times, hunger, and sleep deprivation. This will eventually happen to you if you're unprepared.

Get a full night of sleep and a decent meal before you go. Show up first thing in the morning when you're bright eyed and clear headed. Plan to be there for a few hours. Sometimes getting a good deal will take hours to negotiate. Remember these people negotiate for a living. Most important, Know What You Want Before You Go! There's nothing worst than going into a dealership and walking out with 3k more than you originally went in for. Do your research and make a list of extra options/features you want. When you sit down with the "Finance Manager" who's oddly trying to sell you that pricey lo jack system, you can proudly "No I do not want that." before he even starts his pitch.

[waltersi]

its for 72 months 72000 miles

[themanfromvlad]

I always think it's a good idea to get the extended warranty. There is a chance you may not use it, but there is also a chance that it saves you a lot of money if a big repair happens after the warranty is over.

For my Canadian Versa (which I don't have yet), I'm getting the 7 year (120000 km) bumper to bumper for $1900 Canadian.

I'm getting my Versa SL next Wednesday. After saying no to the same offer last night, he lowered his price to $1450. I still think it's too much, but I'm not sure. Any suggestions?

[Bubs daddy]

Don't even get it for $1450. Save your money. Wait until your 36 month is just about up and get one offered by Nissan or someone else. It will be much cheaper.

[proxim2020]