Certified Platinum Extended Warranty: worth it?

[why?]

warranty pricing is highly negotiable. The person selling you is quoting you the "no haggle" price. Just like every piece of a car, the dealership tries to get as much money out of the warranty as they possibly can.

But frankly with replacement costs on this car being so insanely low the warranty is a waste. for $1700 you could replace half the car, including labor.

[fnkngrv]

Originally Posted by why?

warranty pricing is highly negotiable. The person selling you is quoting you the "no haggle" price. Just like every piece of a car, the dealership tries to get as much money out of the warranty as they possibly can.

But frankly with replacement costs on this car being so insanely low the warranty is a waste. for $1700 you could replace half the car, including labor.

You hit the nail on the head. Some examples:

Replacement motor with 20-30k miles: 450-600
Replacement motor with 45-70k miles: 300-500
Transmission: 600-1000
ECU: 100-400
Full Carpet: 350-450


Sure, the labor costs could be argued, but even still parts for this car that are major are dirt cheap because they are not in high demand so salvage yards are having to sell at low prices just to get it out of inventory.

I am glad that I didn't invest in the EW when I bought mine back in 06 and that is even in hindsight. The only thing that I got suckered into, which might not really be called suckered since it is a theft tool was the etched windows identifying the car as mine if stolen and that got talked down to only an extra 100 bucks.

[Hamster]

I just wanted to thank everyone for the excellent advice. I am definitely not going to get the extended warranty. I'll save my $1,700 and either invest it or do something fun with it. I'm so glad I left my checkbook at home when I went to the dealership, so I wasn't able to make any impulse decisions. The more I think about it, the more I think I was nuts for even considering this.

By the way, the salesman at the dealership didn't seem willing to negotiate the price of the warranty down. I don't know why....Either he thought I would be willing to pay anything, or maybe it's the dealership's policy not to negotiate on the price.