Originally Posted by snowtop57
That's the only part that sucks about extended warranties, because it becomes effective the day you purchase it. Basically an $1,800 7/70 warranty is truly only for 4 years / 34 months because you have the factory warranty for the first 3 years / 36,000 miles. But, warranty prices can be negotiated also.
Now, all that said above, I still purchased a 7/70 warranty also. But I only paid $1,200 for mine.
Yes, the extended warrenty kicks in when your factory warranty ends minus time/miles accumulated.
If you put 36K miles on in 2 years, you will have 5 years and 34K miles of coverage left with the optional warranty, but depending on your program, at reduced coverage.
I mostly ride my motorcycles so I will make it to 6 or 7 years before my Crossfire turns 70K miles.
For $1,800 I purchased the "Maxi Care" (5,000 parts) program with a $0 deductible, or as I put it - hands free driving, just add oil, filter, brakes and tires for seven years. (maybe a hose or belt)
To many parts not covered by the "added care" (800 parts) when you break a engine and tranny down to it's piece parts - 800 aint that many.