Pulled the trigger...thanks to this vibrant forum...

[rickkapur]

Pulled the trigger...thanks to this vibrant forum...


Thanks to this forum and the excellent, vibrant community....I am poorer by $50K

Decided to buy (vs lease) a new 2015 5.0 v8 Base...picked it up yesterday....Empire State Grey, with Black interior. Really wanted the Ultimate (for the HUD), but was not getting the price/value for that one option; maybe could have waited longer to get a better price....HOWEVER, based on the 400 miles i drove yesterday (bought this from quite a bit away from San Jose...don't ask...there were good reasons; still have 400 more miles to go today...all fun miles in the Genesis!), absolutely no regrets of missing out the Ultimate HUD (the other indicators are sufficient, and a leap from my Nissan leaf (yes, yes, i know...slightly different cards .

Now, did buy the HPP Extended Warranty (Platinum) for 10 yrs, 100K, Zero deductible...but not sure if i should keep it, or cancel it for no cost within the first 30 days...seems that there are key key exclusions that make it less valuable (see below cut/paste...suggestions on keeping this extended warranty of not?
My rationale was that if i keep the car 5ish years, it is worth it (the price for 5 ys vs 10 yr was small), and if i were to sell it then the warranty has value and makes the car more desirable for resale.

Has anyone used the HPP warranty on any cars...not necessarily Genesis? Experiences?

Many thanks


PS: Pics soon


Not Covered:
• Mechanical, Exterior, Interior
Brake linings, brake drums and rotors, disc brake pads, standard transmission clutch components, air bags, solar powered devices, hinges, glass, lenses, sealed beams, body parts and/or panels, trim, moldings, door handles, lock cylinders, tires, wheels, batteries, light bulbs, upholstery, paint, bright metal, freeze plugs, heater and radiator hoses, exhaust system, shock absorbers, audio, security or other systems not factory installed, work such as front-end alignment or wheel balancing, constant velocity joint boots, safety restraint systems, cellular phones, electronic transmitting devices (except for those specifically listed under silver, gold, or gold plus coverage), radar detectors, appliances, near object avoidance systems and all laser radar cruise control components, vinyl and convertible tops."

 

[Aquineas]

First of all, congratulations on your purchase! to the club! As for the extended warranty, I am of the belief that with any car where the head-unit costs $3800, if you plan on keeping the car for more than three years, it's worth getting the Platinum Extended Warranty.

 

[wasnt]

Congrats! Welcome to the fold!

 

[quanva]

congrats on the buy, I too skipped the UTL package due to value for options..I was going to get HPP but opted for the geico warranty

 

[rickkapur]

I what is the gieco one? Cost, benefits?

 

[Sal Collaziano]

Congratulations on your new Genesis! I'll be picking mine up this evening.

 

[rickkapur]

Congratulations on your new Genesis! I'll be picking mine up this evening.

Very cool!
Pls tell us about your experience....

I put 850 miles on the car, last 36 hours....Seattle to San Jose...

 

[jubeysan]

Congrats on your Purchase, Did you says you got a V8 Base??, in Canada we can only get the V8 in Ultimate AWD

 

[craigt]

Now, did buy the HPP Extended Warranty (Platinum) for 10 yrs, 100K, Zero deductible...but not sure if i should keep it, or cancel it for no cost within the first 30 days...seems that there are key key exclusions that make it less valuable (see below cut/paste...suggestions on keeping this extended warranty of not?
My rationale was that if i keep the car 5ish years, it is worth it (the price for 5 ys vs 10 yr was small), and if i were to sell it then the warranty has value and makes the car more desirable for resale.

Congrats on your purchase!

If I was keeping the car for 5 years, I would not bother with the extended warranty. I plan on keeping mine for 8-10 years and bought it.

 

[doozer]

Congrats on your purchase!
I signed on Friday and should be picking up the car in the next couple of days; details in signature. I'm still undecided on the extended warranty. I tend to flip cars a lot and didn't make use of the last two warranties I purchased (nor do I believe it really added anything in the trade negotiations)... so I think I will decline it. Coverage is a bit different in Canada vs. the US.

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[craigt]

Congrats on your purchase!
I signed on Friday and should be picking up the car in the next couple of days; details in signature. I'm still undecided on the extended warranty. I tend to flip cars a lot and didn't make use of the last two warranties I purchased (nor do I believe it really added anything in the trade negotiations)... so I think I will decline it.

In the US, the extended warranties typically are not valid when trading into a dealership (HPP included). They are transferable only to private owners. Perhaps that is why they didn't add anything in your trade negotiations.

 

[doozer]

In Canada, they use the transferability of the warranty in the sales pitch, and they ask you if your vehicle has one when you fill out the used car appraisal form (declaring no accidents, etc). Some car-makers have claimed that the warranty remains forever linked to the VIN, but I'm never around to find out if the next owner receives it.
I've always managed to get top dollar for my trades due to low mileage and pristine condition... the warranty has never factored into things. None of my cars have ever gone to auction, dealers always keep them to sell.

Wednesday at 6pm is my appt for the Genesis delivery. Woohoo!

 

[quanva]

I what is the gieco one? Cost, benefits?

it's for 7 years or 100k with a 250 ded, the only exclusions are wear and tear items
new cars with under 15k miles are able to sign up (assuming you have the auto ins)
I pay 87 a yr