Heading in today to finalize the purchase of a 2019 CPO Ram Rebel with 20k mi.

Would cost me $2k or about $24/mo.

Company is Mastertech and it would be the Ultra plan.

My inclination is No. But I've never made a vehicle purchase of this magnitude.

Advice? Thanks in advance.

Buying a third party extended warranty is a mistake. Either get one from the vehicle manufacturer or not at all. There are sites online you can buy manufacturer extended warranties a helluva lot cheaper than at the stealership.

If you are going to buy a service contract, get it from the manufacturer. Ask the dealer what one would cost,then do a search. You will find a better price and you can buy that or ask the dealer to match the price.

No.

As was stated, the only warranty worth anything is direct from the manufacturer. Anything else is a waste of money.

As for the Ram, your CPO only gives you a three month extension on the bumper to bumper warranty (and a two year extension on the powertrain, but those tend to be more reliable).

Every piece of financial advice I have ever heard from financial experts say "Do not buy extended warranties, do not buy extended warranties, do not buy extended warranties."

Yep, figured. Thx. I'll still have 18 mo and 16k mi of the factory warranty.

Happy new year to you all.

quote:

Originally posted by PowerSurge:
Buying a third party extended warranty is a mistake. Either get one from the vehicle manufacturer or not at all. There are sites online you can buy manufacturer extended warranties a helluva lot cheaper than at the stealership.

agree -- everything i have read says this

also -- go through it with a fine tooth comb -- many times the exclusions are eye opening.

they wouldn't be so keen to sell them if they were really an advantage to the consumer

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Is this a seven year extended warranty? If so, does it start immediately or after your CPO warranty has expired? Will you really keep the truck that long?

Dealerships usually sell aftermarket warranties for the cars they can't sell as CPO. So I'm curious why they'd sell one for a CPO car.

Mrs. Lee got a 2010 BMW 328i long ago that wasn't CPO. She got them to throw in an aftermarket warranty as part of the sale. That warranty paid out about $7k in the four years we had it. So it was a good buy.

She also got an aftermarket warranty when the factory one on her current X1 expired. I think she paid $3k for it and it has paid out over $4k already.

Depends on how much it costs to fix your car and how long you'll keep it. Dealerships will stand behind the aftermarket warranties they sell. I wouldn't buy one from those annoying phone calls, but from a factory dealership that has some clout with its vendors - yes, they'll go to bat for you.

Do you want an extended warranty? No

Do you want our paint shield and fabric protection? No

Did you want our credit life insurance? No

Did you want gap insurance? Hell no

You know what? I'll get my own money from my Credit Union

Rick, the RAM CPO powertrain warranty is 7 years, but from the original warranty start.

Basically, it’s a two year warranty extension on the powertrain.

Thinking the CPO would have enough warranty as it is.

They call this the Ultra plan because anything that goes bad will be beyond your plan coverage.

^^^ reloader-1: This. It's age-old marketing terminology that borders on false advertising.

No, you don’t.

I'm on the fence on the extended warranty thing. With the '04 GMC Sierra I owned it definitely was a wise purchase. By 85k it was on it's second transmission, camshaft/lifters and steering rack. Oh, and the third I.P. cluster in addition to the one that was replaced under factory warranty. That was the only one that I ever put a warranty on. I've been buying new and used cars and motorcycles since the late 1960's.

It was a GM extended warranty, well in my opinion the only way to go if you are set on buying one. They use OEM new or OEM remanufactured parts only. No aftermarket rebuilt ones, no generic white box Chinese wheel bearings, and most importantly no "LIKE KIND AND QUALITY" parts which translates in English to "Your transmission failed? Sure, we'll cover it. But we're going to call Cooter at the junkyard and get one." The only stipulation that they "have" to follow is that the mileage on the donor vehicle has to be equal or less than the mileage on the recipient vehicle. That way we don't get surprises like a half inch of water in the pan from the transmission getting power washed before it was shipped and not capping the fill tube first or an engine with a corner of the cylinder head broken off in from previous collision damage, knocking, you name it. Saw a lot of that during my dealership days.

Your salesperson, F&I person and the sales manager will tell you "it's just as good." For whom? Them probably, higher percentage profit margin not to mention other "perks" that they get for selling them. If you have a trusted service advisor in another dealership other than the one you are buying the truck from ask them what they think of that plan. What you hear might surprise you, either positive or negative.

There are good aftermarket plans out there but at least as many if not more bad ones too.

If you decide to get the warranty, negotiate the price. They want to sell it more than you want to buy it, so use that leverage.

Depends on the terms of the contract. Read over them thoroughly. I got the lifetime back when they used to sell that, not sure if they do anymore. In my experience the extended warranties have paid for themselves with the newer cars but alot depends on how you are with vehicles. I keep them a longer time so for me its worth it. If youre like a buddy of mine and constantly in and out of brand new cars then extended warranties are pretty dumb.

Depends on you for the most part. Good luck.

In my opinion, just save the $24 a month into an account and use it for any major repair expense that is not covered by the regular manufacture warranty. God Bless

quote:

Originally posted by sigspecops:
If you decide to get the warranty, negotiate the price. They want to sell it more than you want to buy it, so use that leverage.

Thats a good point. Price shop the warranty. I got my contracct from a dealer across the country because my Ram dealer wouldnt price match it even after hearing the lower offer.

In my experience, the only worthwhile extended warranty program that covered nearly everything on the vehicle was by Honda care on my Gold Wing.

Everything else I looked at was either overpriced, had a deductable or had too many exceptions.

Ya' gotta read the fine print.

Spent way too many years as a tech/master tech in car stores. The only aftermarket warranty that was ever worth a toot was American Warranty, and they went out of business probably 40 years ago. Anything else is a scam. The ones based on using a certain brand of oil are an even bigger crock of shit. You want car repair protection? Put $50 a week into a savings account, and don't use it for anything else. You will be amazed how fast it adds up. Pretty soon, if the car breaks or does something stupid, you just trade for a new one.