I purchased a 2008 S80 with 11K miles and paidextra to get the 100K warranty. They want to know if I want to buy an extended service plan for $1,200.00. My question is it worth it?

 

85% or more of the time any extended warranty is not worth the money. It is one of the scare tactics in the economics terminology.

If they DO pay for repairs/damage, then it is worth the money. However, all too often they come up with hundreds of different versions of excuses for not paying. The money you paid for an extended warranty is not guaranteed to be paid, but the money you set aside for future repairs/scheduled maintenance IS guaranteed to be used.

If you insist, however, look for one at a Volvo dealer. Forget 3rd parties.

This is solely my personal opinion so wait for 2-3 more replies.


JPN

 

In general my belief is to never buy an extended warranty on anything period. Then when the time comes where I wished I had on something what I have saved by never buying one should more than cover the repair.

But 3+ years ago I ended up buying a four year extended warranty on a TV mainly because Best Buy matched an inernet price if I agreed to buying the warrantly. In essence it made the warranty free and it was a brand new technology on the LCD Project 50" TV. The bulb went out last November (3 years and 1 month later) and they came to my house and replaced the bulb at no cost to me.

The warranty would have cost me $400 and the bulb would have cost me around $250.

The bottom line is it's up to you. I would NOT do it personally.

 

Yep, you might be required by law to buy insurance but there's no law forcing insurance companies to pay up when they're supposed to. So I chose not to support the insurance industry unless I absolutely have to.

 

This is how I feel about Extended Warranties for Cars...

Take that money for the extended warranty out to the Windiest Freeway in the world and let it fly away..because that is just about what you are going to get back..when you go to collect on it...not to mention all the hassels your going to run into, plus denials and road blocks the Insurance Company is going to throw up...in short...SAVE YOUR MONEY !!![]

 

With the Volvo extended warranty, there's a $100. co-pay, each time you bring it in. Granted the rule states the $100. is good for unlimited problems/per visit. Nevertheless, besideds the initial investment, Volvo tries to discourage one from bringing in the car with problems,by charging this $100. I passed.

 

Not worth it, ever! These warranties, as all such plans, are designed not to pay for whatever reason. There are times when they do pony up but they are rare. Save your money!