To extend or not?

[Jolly]

The Sonata just rolled 100,000 and is now out of warranty on the powertrain. I did have a throttle body sensor repair which cost me $400 last month

Question: The dealer has offered an extended warranty, $2400 for 36 months/50,000 miles. Warranty has a $100 deductible for any repair.

Worth it? Or not?

[LuFins Dad]

7 come 11, daddy needs a new pair of shoes!

[George K]

Consumer Reports says that extended warranties are usually not worth it.

However, in my opinion, few people have the discipline to put aside the money and dedicate it for a future (big) repair.

On a car that has >100K miles, what are the odds that you'd need a repair that is more than $2400 in the next three years? Pretty high, in my uneducated opinion.

[Mik]

Annd...I disgaree. 100K is not a lot on modern cars. You should be able to look up your model here. There is an index on the right. I think you are betting against yourself and I know you have the money set aside to fix it if you need to.

https://repairpal.com/cars/hyundai/sonata/2017

[Loki]

Extended warranty often covers less than the original warranty 4/50000 for example. On expensive cars the rule of thumb is if you need new brakes maybe.

[Jolly]

@LuFins-Dad said in To extend or not?:

7 come 11, daddy needs a new pair of shoes!

Exactly.