hii, i just bought 05 T5 s40 and volvo dealer ofered e bumper to bumper warranty for 4 yrs or 50000miles for 1500$
is it worthed buying it?
car seems in good condition

 

Don't waste your money....Good Luck and Happy Motoring !!!

 

Generally these are not worth the money you spend. Think of it as an insurance policy. If you think you are going to remain healthy you wouldn't need it. Same with your car.

 

Another vote for saving your money and not buying the warranty. They are high margin offeringsdealers (and other businesses) use to make extra cash, and most of the timethe consumer ends up losing money on the extended warranty, esp. when repairs are mysteriously not covered by the extended warranty, or simply not needed during the term of the contract.

If you google around on extended warranty and service contract you'll see a number of articles by reputable consumer protection outfits, like consumers reports and etc. that have the statistics to bear this out.

 

Extended warranty is one of the biggest scams of all. It is so lucrative that it's everywhere. If they do pay you in case something goes wrong, it is worth the money. However, all I keep hearing is that people pay for extended warranty, believing that they are covered, and when the time comes for them to face troubles, they are often shocked to know that the warranty sellers come up with hundreds of versions of excuses for not to pay. Recently one member had to resort to an attorney because this dealer refused to pay for his warranty.


JPN

 

We sell extended warranties for our Japanese motorcycles atthe dealership where I work. The warranty MSRP is usually TWICE as much as the warranty cost our dealership. What I'm saying is, we make 50% profit on that product, assuming it's sold at MSRP. Many times the product is sold even higher than that.

Most extended warranties cover PARTS and labor. Might be handy if you get a reasonable price. Or... If you have a mechanic you trust, have him/her look over the car and give you an opinion on wether you should buy it.

 

+1.


JPN

 

thats what thought to, but my parents are pressuring me to buy it, i thought of it this way, even if few things goe wrong it will add up to couple hundreds of dollasrs, probably not close to 1500 they ask for, and most of the work i can do myself, so the money would be spent only for labor....

 

i just hope that engine or transmission wont go bad before 100000 miles as i think aand from what i heard volvos are one of the toughest cars out there. with regular synthetic oil changes and transmisison flush i hope it lives for another5-6 yrs...

 

If your parents are paying for the warranty, you won't lose anything.

Check out the recalls and have them taken care of at the dealer, free of charge. Also, do some research on the car and expect what can fail often.

Do your homework; buy one easy book about cars that teaches you the basics. The more you know, the less chance of getting taken at a shop.

Do not shift the gears while the car is in motion, especially between D & R. Shifting between L-3-D is fine but when you shift down (which you probably wouldn't need to), make sure the RPM does not over-rev.


JPN

 

I had bad luck, Id go with the suggestions of these people. If the warranty is through Volvo Car Corp. then go for it.

 

the thing is i have another 7k miles to decide so i will see how the car performs until then, so far it has been great, i can do al the basic sthings myself, like brakes, sensors, belts and other small things, i used to own a 97 neon and i swaped the srt-4 engine in it, bit that was years ago and it was old car....