Used Car Warranty Question

[goofygenesis]

I plan to buy a CPO G2 V8 Ultimate from Jim Ellis. It seems that they are dragging their feet as I plan to get the vehicle shipped to me.

My question is I see a similar vehicle for sale in Tennessee for 4K less, but its not a Hyundai Dealership, it's a Honda Dealership. Although that car won't be CPO will Hyundai Extended HPP Platinum be comparable?

Given that the cost savings will buy me an extended warranty? OR should I be paitent w/ Jim Ellis. as they are not even trying to give me an additional discount.

 

[PMCErnie]

Go for the local car that you can test drive. You can buy plenty of great warranties at your local Hyundai dealers for less than 4 thou. No doubt the factory warranty 5/60,000 still has plenty of coverage left.

I bought my extended warranty on my Genesis when it was nearly 3 years old. It cost $1,295 and runs 10 years from the date it was purchased, or until the car has 120,000 miles. It's also transferable for $50. I like to pass my cars on to my son after 5 years.

 

[srobak]

If you buy it from a non-hyundai dealer, it will not qualify for HPP. You will have to buy an aftermarket, 3rd party - and most of those have lengthy exclusion lists and conditions that must be met to the T, and often do not cover expensive electronics like entertainment systems.

My 2015 had to have it's head unit replaced (~$5000) because it wouldn't keep an XM subscription. While this did happen during the first 3 years - had it happened in year 4 and I did not have HPP - it would have come out of my pocket.

Just something to think about. Saving money may come at a gamble. Pay VERY close attention to the details of a 3rd party warranty if you opt to go that route.

 

[goofygenesis]

If you buy it from a non-hyundai dealer, it will not qualify for HPP. You will have to buy an aftermarket, 3rd party - and most of those have lengthy exclusion lists and conditions that must be met to the T, and often do not cover expensive electronics like entertainment systems.

My 2015 had to have it's head unit replaced (~$5000) because it wouldn't keep an XM subscription. While this did happen during the first 3 years - had it happened in year 4 and I did not have HPP - it would have come out of my pocket.

Just something to think about. Saving money may come at a gamble. Pay VERY close attention to the details of a 3rd party warranty if you opt to go that route.

That is a good Point!

 

[zeez]

If you buy it from a non-hyundai dealer, it will not qualify for HPP. You will have to buy an aftermarket, 3rd party - and most of those have lengthy exclusion lists and conditions that must be met to the T, and often do not cover expensive electronics like entertainment systems.

My 2015 had to have it's head unit replaced (~$5000) because it wouldn't keep an XM subscription. While this did happen during the first 3 years - had it happened in year 4 and I did not have HPP - it would have come out of my pocket.

Just something to think about. Saving money may come at a gamble. Pay VERY close attention to the details of a 3rd party warranty if you opt to go that route.

I'm not sure that's right.. I called up Serena from FirstHyundai and she didn't seem to care where I buy a Genesis from (I told her it was a non-hyundai dealership). What you cannot do is have it get CPOd if you buy it from a non-hyundai. CPO warranty is pretty useless on a tech-filled car anyway, imo, since all it does is restore the original duration of the powertrain warranty.

 

[Alwaysforward]

I would be cautious buying from a non Hyundai dealer in Texas with all the flooding they had recently. I would definitely take it for a spin an look it over real good first.

 

[goofygenesis]

So I finally got the Silver 2015 G2 5.0 Ultimate. A question about third party extended warranty. This vehicle is 28 Months old.

- Hyundai Platinum Protection (Premier) I do not know the exclusions, but its 120/100/0

- Extended Service Agreement by First Extended Service Corp, initially purchased, but will cancel them tomorrow. They offered a comprehensive plan minus wear and tear. Thats 96/100/0

- Fidelity Warranty Services, Inc is another extended warranty offered by my neighborhood Hyundai. The Finance Manager recommended the Platinum plan the includes everything but wear and tear, again. 120/100/0 (from the time I purchase it)

- CarChex I got a quote from them. They say that they are the only warranty company that will also include Technical Services Boards as part of their coverage. But of-course no wear and tear. they offered 72/100/100. The Rep also claimed that if a part is close to failure they will recommend a replacement, where other companies will want the part ot actually fail.

- Endurance I did not talk to them but it seems that they are highly rated.


So. although most of the ppl here got the HPP wrap, but as I have not yet purchase something that I want to keep I wanted your recommenedation

 

[homeofstone]

If you can get HPP warranty then get it. You will have less trouble with a claim. I have Carchex on my E63 Mercedes and so far am pleased but I have not had any major repairs claimed.

 

[Bdobyns]

So I finally got the Silver 2015 G2 5.0 Ultimate. A question about third party extended warranty. This vehicle is 28 Months old.

- Hyundai Platinum Protection (Premier) I do not know the exclusions, but its 120/100/0

- Extended Service Agreement by First Extended Service Corp, initially purchased, but will cancel them tomorrow. They offered a comprehensive plan minus wear and tear. Thats 96/100/0

- Fidelity Warranty Services, Inc is another extended warranty offered by my neighborhood Hyundai. The Finance Manager recommended the Platinum plan the includes everything but wear and tear, again. 120/100/0 (from the time I purchase it)

- CarChex I got a quote from them. They say that they are the only warranty company that will also include Technical Services Boards as part of their coverage. But of-course no wear and tear. they offered 72/100/100. The Rep also claimed that if a part is close to failure they will recommend a replacement, where other companies will want the part ot actually fail.

- Endurance I did not talk to them but it seems that they are highly rated.


So. although most of the ppl here got the HPP wrap, but as I have not yet purchase something that I want to keep I wanted your recommenedation

Just looking at page 18 of the owners handbook, the only part of the warranty that doesn't transfer is the 10 year/100k power train. All of the other things transfer, most importantly, the 6 year/ 60k unless I am not seeing something. (https://www.hyundaiusa.com/assurance/assurance_pdf/2015_warranty/AME-ALL15MY-140513.pdf). The non-hyundai dealership verified this with several dealerships and just last weekend my local hyundai dealer verified what transfers to subsequent owners.

I was looking at purchasing a new Mazda or Honda, both of which come with 3/36 warranties, which were less than what I got with the 2015 3.8 HTRAC I just purchased that still has around 42 months and 50k miles of warranty still available. I am still slightly bummed that I don't get the 10/100, but my own experience with powertrains is that if they make it past 50k, they will make it past 100k. Of course there are exceptions but I would be willing to bet that the majority of Hyundai's will out-last their 100k otherwise why would a company be willing to make that bet (except that most cars stay with their original owners about 4 years)?

 

[Mark_888]

I would be willing to bet that the majority of Hyundai's will out-last their 100k otherwise why would a company be willing to make that bet (except that most cars stay with their original owners about 4 years)?

The Hyundai 10 year - 100K mile extended drivetrain warranty was started back in 1998 for the USA market back when Hyundai reliability was very sketchy (and no where near as good as it is today). It was necessary due to the very poor reputation that Hyundai had going back to 1986 when they first started selling the Hyundai Excel in the USA. The only thing that saved Hyundai in the USA market was that there was an even worse car imported in the same time frame called the Yugo (made in Communist Yugoslavia).

Even recently, Hyundai Motor America has noticed that a significant number of Accord and Camry buyers don't even test drive a Sonata due to Hyundai's reputation problems going back a few decades ago. Fortunately, that is changed as younger buyers don't know anything about Hyundai's past reliability problems. But the extended drivetrain warranty is designed to help alleviate the fears that customers may have about Hyundai reliability.

Many people mistakenly believe that warranties are determined solely by engineers based on how long they think the product will last. In fact, warranties are primarily determined by marketing people, and warranty expense is considered a marketing expense, and tailored to each individual market, both for competitive reasons, and also for regulatory reasons. Even today, the extended drivetrain warranty is only available in the USA market by Hyundai Motor America (not offered in Canada or any other market).

Of course, once Hyundai Motor America starting offering the extended drivetrain warranty in the USA, it did put pressure on the engineering staff to make vehicles more reliable, but the marketing was the driving force. And as you stated, most people don't keep new cars for 10 years or 100K miles, so that that lets Hyundai off the hook on most vehicles.

One interesting fact is that Lexus and Acura have slightly longer warranties than Toyota and Honda counterparts. I don't think Lexus and Acura are more reliable than Toyota and Honda (especially for the vehicles that are very similar to the luxury branded ones), but it is just an extra warranty duration that is built into the price of the cars because they want to give the impression that the luxury branded vehicles are more reliable.

______________________________

Help support this site so it can continue supporting you!

 

[Mark_888]

...most importantly, the 6 year/ 60k

It's 5 years (60 months) or 60K miles, which ever comes first.

Yes, you are correct that the extended drive train warranty is only for the original purchaser, unless the used car is sold by a Hyundai dealer as certified pre-owned (CPO). All other warranties are transferable.

 

[lobsenza]

You can buy a 10 year / 100k HPP warranty on this vehicle.

 

[goofygenesis]

You can buy a 10 year / 100k HPP warranty on this vehicle.

Yes, my local dealer stated because it was under 12k mileage I don't have price yet, planning to cancel my existing warranty.

 

[glennk]

Are there any things that HPP won't cover that a third party insurance would? I read somewhere that an "ACC" isn't covered and costs ~$3200 to replace.

 

[goofygenesis]

I contacted three 3rd party warranty companies: Delta Auto Protect, Carchex, and Endurance Car Warranty services, they say they'll call cover any defect on the vehicle. Some reviews of thee warranties state that they will not cover the same issue multiple times. Delta is they service i am aware that claim they will renew warranty at the end of term for the same or less and has a $0 deductible.

 

[jimmy buoy]

Any Canadian owners out there know what my options are for an extended warranty? Just purchased my 2015 this summer as a Hyundai dealer "demo" with 12000 KM (7500 Miles) and did NOT purchase any extended warranty since I usually trade cars every 3-4yrs. That being said, I'm really enjoying this car and am thinking that I just might keep it beyond 3-4 yrs, more like 10yrs! My last car was a 2012 Genesis which only had 65000km (40000 miles) when traded so I'm a low mileage owner.

Should I contact my local dealer now, or just wait until the 5yr factory warranty is almost done to see what options are available? The current warranty had 10 months in service at my point of purchase.

Any Canadian perspectives are appreciated!

 

[glennk]

HELP! Completing purchase of a 2015 Genesis V8. Has 13,500 miles. Need warranty feedback and a recommended place to purchase from (HPP).

 

[goofygenesis]

HELP! Completing purchase of a 2015 Genesis V8. Has 13,500 miles. Need warranty feedback and a recommended place to purchase from (HPP).

reach out to First Hyundai. Talk to the Business Manager.

 

[glennk]

Did that. Nothing really savings wise