07 Santa Fe/Extended Warranty/ Worth It??

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07 Santa Fe/Extended Warranty/ Worth It??

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Hyundai >> Vehicle Line Up >> Hyundai Santa Fe >> 07 Santa Fe/Extended Warranty/ Worth It??

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07 Santa Fe/Extended Warranty/ Worth It?? - 11/1/2007 6:33:46 AM

sheafan

Posts: 2
Joined: 10/31/2007
Status: offline

Purchased the entended warranty through the dealer extending the 5/60 to 10/100. Anyone use it yet? I have 10 days to drop it to get a full refund. Disappearing $100 deductable. HUH????

Post #: 1

RE: 07 Santa Fe/Extended Warranty/ Worth It?? - 11/1/2007 7:07:00 PM

Doohickie

Posts: 856
Joined: 2/6/2006
Status: offline

I looked at it this way:

One reason I bought a Hyundai is that it has the longest warranty of any car out there- 5 years, 60,000 miles, bumper-to-bumper. That was one of the differences between that and other cars. I could pay even more to buy an insurance policy to take that out to 100,000 miles, but really....that would take away the cost advantage of buying the Hyundai to begin with.

I would do this: get your money back. You can buy the extended warranty any time before the old warranty is up, so why let them have the money ahead of time?

That's the way I saw it, anyway.

Now, on my wife's Taurus, we decided to buy the warranty. That only had a 36k warranty though, and just recently we used the warranty, at 90,000 miles. We used it once or twice already. But even with that, we still haven't gotten our money back yet.

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(in reply to sheafan)

Post #: 2

RE: 07 Santa Fe/Extended Warranty/ Worth It?? - 11/4/2007 1:40:23 PM

CndRedCoat

Posts: 17
Joined: 5/15/2007
Status: offline

Hi,

Before purchaing my Santa Fe, I owned a Mazda Tribute 4x4 (Ford Escape with different badges on it). When I purchased that vehicle I bought the extended warranty for 7 year 160 000 km. In the first 4 year I had tranny problems. After the forth year those problems were gone, but for the $1200 my warranty cost me, I got the following fixed at no cost and the loaner vehicle provided to me for overnights...

-My Rear diff was vibrating was changed
-Suspension in the back was leaking and was changed to my disbelief!!
-The bottom of the door were repainted (because I had the extended warranty)
-The alloy wheels all changed they were chipping away

When I sold the vehicle the first person that came, took the truck with them the next day, because they had 2 years and 60000km left on that warranty.

So I have to say I bought the extended warranty, peace of mind and yeah Hyundai has the best base warranty, but when research (my dad works for Hyundai dealer) the fine prints has a lot of holes in it....

My two cents.

(in reply to Doohickie)

Post #: 3

RE: 07 Santa Fe/Extended Warranty/ Worth It?? - 11/4/2007 5:22:13 PM

Doohickie

Posts: 856
Joined: 2/6/2006
Status: offline

Bear in mind that was a car with a 3 year, 36k warranty. Hyundais have 5 yr, 60k.

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Post #: 4

RE: 07 Santa Fe/Extended Warranty/ Worth It?? - 11/30/2007 7:34:39 PM

amzeus

Posts: 5
Joined: 11/30/2007
Status: offline

IMHO extended warranties for anything, cars, electronics, appliances, etc are never worth it in the long run. The are offered to give you peace of mind, yes, but in all cases they are revenue generating schemes for the manufacturers. On average, the warranties pay out much less in repairs than the initial cost of the warranty. You may be one of the few who actually would be saved with a warranty, but chances are not. Do you expect the engine to seize up, and the tranny to fall out? Not me. Could it happen? Yes. I Always decline extended warranties. I may get bit one day, but so far I'm richer...

(in reply to Doohickie)

Post #: 5