Extended Warranty Yes or No?

[ssiperko]

You can mock all you want, but your Radio/Nav warranty has likely expired already (3/36,000). You are living on borrowed time. Also, the rest of your limited warranty is good for 5/60,000.

Mock? I don't mock. I'm truthful and responsible...... I also try to educate when I have the ability ..... which in this case I do.

It hasn't yet but I'm well aware of the 3/36 in service date of my vehicles (as well as the 5/50 items) and those items that fail, I do this for a living ...... why else would mention it? I understand an appreciate your input regardless.

SS

 

[Hovercraft]

Hello! (first post) - lot's of discussion on the extended warranty. I just bought a used 2012 3.8 from a Hyundai dealer. They want to sell me an extended warranty. The factory warranty runs until Jun 2018 and the extended would run to June 2020. A few more details:

- HPP warranty (Premium Plus - would cover everything under the initial 3yr factory warranty - i.e. electronics)
- They are asking CDN$1200
- "If you have not led any claims nor received any benefit by the time your plan expires, receive a full credit toward a new Hyundai Protection Plan or an in-store credit for the amount originally paid"
- It is transferable, though my initial thought is I will probably use up most of it (haven't picked up the car yet!)
- In Canada, the powertrain warranty only runs 5 years/160Kkm

They claimed I could get a refund if it goes unused, but the website indicates "credit".

Don't really want to spend more money, and I'm on the fence on this one!

 

[ssiperko]

Hello! (first post) - lot's of discussion on the extended warranty. I just bought a used 2012 3.8 from a Hyundai dealer. They want to sell me an extended warranty. The factory warranty runs until Jun 2018 and the extended would run to June 2020. A few more details:

- HPP warranty (Premium Plus - would cover everything under the initial 3yr factory warranty - i.e. electronics)
- They are asking CDN$1200
- "If you have not led any claims nor received any benefit by the time your plan expires, receive a full credit toward a new Hyundai Protection Plan or an in-store credit for the amount originally paid"
- It is transferable, though my initial thought is I will probably use up most of it (haven't picked up the car yet!)
- In Canada, the powertrain warranty only runs 5 years/160Kkm

They claimed I could get a refund if it goes unused, but the website indicates "credit".

Don't really want to spend more money, and I'm on the fence on this one!

OK, first and foremost ... the term "extended warranty" is used incorrectly throughout the industry never mind this thread. A warranty may only be offered from the manufacture, it covers defects (parts and labor) that occur during what ever time/mileage is stated by said manufacture of whatever product is sold by said manufacture. These repairs are to be performed to make the failure perform to the standard the manufacture set at time of production or any amendment released there after within the warranty terms.

What any dealer/re-seller offers is a "contract" which is an agreement to cover failures spelled out in writing within the said agreement. VERY different things in legal terms. ANY re-seller who says "bumper to bumper" in the sell is mis-representing the facts of the product(s) being offered.

A service contract is provided/administered to repair failures of listed components within the terms and conditions of said contract including all limitations.

Questions? Take the contract to a lawyer and ask questions.

I've been in this gig professionally for over 30 years, I'm not being arrogant or a know it all. I'm being honest and confident in my knowledge in the subject. When I bought my 13 I was offered a B2B "warranty" and laughed telling the well dressed/groomed lovely seller no such thing, check my employer more closely. I already have my coverage needs handled in the area of any failure contract. I signed my cashiers purchase check and walked out.

SS

 

[Mark_888]

OK, first and foremost ... the term "extended warranty" is used incorrectly throughout the industry never mind this thread. A warranty may only be offered from the manufacture, it covers defects (parts and labor) that occur during what ever time/mileage is stated by said manufacture of whatever product is sold by said manufacture. These repairs are to be performed to make the failure perform to the standard the manufacture set at time of production or any amendment released there after within the warranty terms.

What any dealer/re-seller offers is a "contract" which is an agreement to cover failures spelled out in writing within the said agreement. VERY different things in legal terms. ANY re-seller who says "bumper to bumper" in the sell is mis-representing the facts of the product(s) being offered.

A service contract is provided/administered to repair failures of listed components within the terms and conditions of said contract including all limitations.

Questions? Take the contract to a lawyer and ask questions.

I've been in this gig professionally for over 30 years, I'm not being arrogant or a know it all. I'm being honest and confident in my knowledge in the subject.

SS

In most cases, the extended warranty being discussed in this forum is offered by Hyundai Motor America, not the dealer (although it is sold by the dealer). The Hyundai Extended Warranty is good at any Hyundai dealer in the USA, and the warranty info is stored in the Hyundai computers (accessible to any dealer or HMA) just like the manufacturers New Vehicle warranty.

However, it is true that the Hyundai Extended Warranty may include some things like deductible's and therefor may not be legally the same as the Limited New Vehicle warranty.

However, it should be noted that the Hyundai New Vehicle 5 year - 60K mile Warranty does not cover everything for the same amount of time (some items are only covered for 1 or 3 years), not to mention that there are additional warranties also for emissions, drivetrain, and anti-perforation (rust and corrosion).

 

[SadClown]

Questions? Take the contract to a lawyer and ask questions.

I've been in this gig professionally for over 30 years, I'm not being arrogant or a know it all. I'm being honest and confident in my knowledge in the subject. When I bought my 13 I was offered a B2B "warranty" and laughed telling the well dressed/groomed lovely seller no such thing, check my employer more closely. I already have my coverage needs handled in the area of any failure contract. I signed my cashiers purchase check and walked out.

SS

Sorry if you don't take these questions, but I took the service contract I'm considering to a lawyer (me), and concluded that it's pretty air tight and helped by my state's DOI's regs. But I don't want to have to spend my evenings writing demand letters every time I need a covered repair.

So with your industry knowledge, do you have any opinion of the USAA service contract offered through Assurant?

Thanks.

 

[Mark_888]

Hello! (first post) - lot's of discussion on the extended warranty. I just bought a used 2012 3.8 from a Hyundai dealer. They want to sell me an extended warranty. The factory warranty runs until Jun 2018 and the extended would run to June 2020. A few more details:

- HPP warranty (Premium Plus - would cover everything under the initial 3yr factory warranty - i.e. electronics)
- They are asking CDN$1200
- "If you have not led any claims nor received any benefit by the time your plan expires, receive a full credit toward a new Hyundai Protection Plan or an in-store credit for the amount originally paid"
- It is transferable, though my initial thought is I will probably use up most of it (haven't picked up the car yet!)
- In Canada, the powertrain warranty only runs 5 years/160Kkm

They claimed I could get a refund if it goes unused, but the website indicates "credit".

Don't really want to spend more money, and I'm on the fence on this one!

The Hyundai warranties (regular or extended) are offered by the importer/distributor, which is either Hyundai Canada, Hyundai Motor America (USA only), etc. Warranties are often different in each country (or even state) due to marketing considerations or legal requirements specific to warranties.

Same applies to extended warranties, which are technically service contracts. In fact, the laws for service contracts vary by state in the US, and in some states (like FL) they are considered to be insurance (which may be subject to price regulation, refund for unused term if cancelled, etc).

 

[phild]

I typically do not buy an extended warrantee but not all items are covered for 10/100,000 most notably the electronics which are VERY expensive. I understand the package of interest covered for 3 years and then you are on your own. After having the "head" for the electronics go out and the replacement cost of $7500, I am very happy I bought the warrantee offered at Hyundai dealers based on references from this site. The price is, as indicated, EXTREMELY negotiable. I purchased the warrantee for $600 less than my dealer who would not budge on the price. Why they would not is beyond me since they reduced a "firm" price on my Genny when I produced an actual offer. Good luck!

 

[iSOBigD]

- HPP warranty (Premium Plus - would cover everything under the initial 3yr factory warranty - i.e. electronics)
- They are asking CDN$1200
- "If you have not led any claims nor received any benefit by the time your plan expires, receive a full credit toward a new Hyundai Protection Plan or an in-store credit for the amount originally paid"
- It is transferable, though my initial thought is I will probably use up most of it (haven't picked up the car yet!)
- In Canada, the powertrain warranty only runs 5 years/160Kkm

They claimed I could get a refund if it goes unused, but the website indicates "credit".

Where did you get the quote from? I had random offers like 2500 for 2 more years for my 2012 3.8 so the prices seem to vary a lot.

 

[ssiperko]

Sorry if you don't take these questions, but I took the service contract I'm considering to a lawyer (me), and concluded that it's pretty air tight and helped by my state's DOI's regs. But I don't want to have to spend my evenings writing demand letters every time I need a covered repair.

So with your industry knowledge, do you have any opinion of the USAA service contract offered through Assurant?

Thanks.

I'd have to see it as I have no first hand knowledge buy if you're a lawyer then you should comprehend that it is indeed a contract and not a "warranty" and thus you understand the terms of such including exclusions. Really, what it boils down to is comprehension of what it is you are to expect from the product.

SS

 

[Operationdoomsday]

I never buy warranties but the main reason I bought this car was to have a nice luxury car with a warranty or I would have purchased an older 7 series or ls. The warranty has been great, I noticed the passenger head rest didn't hold its position and the dealer ordered a new one and replaced it without questions. Also, the driver mirror stopped folding and they replaced that as well. So far the warranty has pretty much paid for itself and I was able to get the warranty for $1200 usd.

Hope that helps

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