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XC60 CPO extended warranty price

Volvo XC60 This smaller crossover offers the capabilities of an SUV with less size - ideal for city driving.

XC60 CPO extended warranty price

  #1  
Old 01-10-2019, 11:58 AM
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Default XC60 CPO extended warranty price

Went to a local dealer for a 2015 xc60 cpo T5 premier plus,FWD, 60k mileage. for a 19k price tag. The cpo warranty only has 10 months left. Should I buy an
extended warranty for another 3 years to up 8 years? The dealer quotes a $3400 for warranty with $100 deductible. Is this one too expensive?

 
  #2  
Old 01-11-2019, 12:02 PM
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extended warranties are insurance policies which are based on actuarial tables. The product takes an estimate of the typcial repair costs over the policy period and then creates a price (with profit) that anticipates a typical cost to the owner. So the question becomes what is covered by the policy and what are the odds of your car needing repairs totalling more than $3400 and whether there is a mileage cap which will limit your coverage duration. Basically you are wagering your car will need major repairs during that window - so what I'd do is search for some independent research (like Consumer Reports) on the problem areas and repair costs particular to the 2015s. My personal opinion is this is a big cost and you can fix a lot of common issues for less than 3400 assuming you will do 60K miles over the next 4 years. Most cars at 120K miles don't need big ticket fixes.
 
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