I was wondering if I should purchase extended warranty https://www.mazdausa.com/mazda-extended-confidence?pageParameter=ownersWarranty, and if so, what's a good price for it? I think this is generally negotiable.
Bought a new 2017 CX5 - should I purchase extended warranty?
- Thread starter avim
- Start date
No, and that goes for just about any other extended warranty anyone offers you for anything.
Reasons in this case:
1. Mazda's are more reliable than most brands.
2. If problem was going to happen due to a major manufacturing defect, there's a good argument it's going to happen during your warranty period anyways, and be covered
3. For problems outside your warranty period, you're better off using the money you would have put towards the warranty, and put it towards the actual repair
4. The chance of multiple, large expense, repairs is very unlikely.
When I bought my car, the cheapest warranty they offered was like $1500. That's just ridiculous and still came with a $100 deductible.
Reasons in this case:
1. Mazda's are more reliable than most brands.
2. If problem was going to happen due to a major manufacturing defect, there's a good argument it's going to happen during your warranty period anyways, and be covered
3. For problems outside your warranty period, you're better off using the money you would have put towards the warranty, and put it towards the actual repair
4. The chance of multiple, large expense, repairs is very unlikely.
When I bought my car, the cheapest warranty they offered was like $1500. That's just ridiculous and still came with a $100 deductible.
If you want to save money skip the extended warranty, Through the first 2 years read these forums to identify all potential problems others have experienced, if any are identified in your car ensure that Mazda covers them all before the 3-year mark.
Engine and transmissions are covered for 5 years/60k miles for free with 0 deductible. Use it or lose it.
Apply that money otherwise used towards an extended warranty and Invest in cheap insurance (yourself) in the form of changing fluids, dealer maintenance plans, and easy DIY projects.
Prior to buying a car, read and understand you state's lemon laws.
Engine and transmissions are covered for 5 years/60k miles for free with 0 deductible. Use it or lose it.
Apply that money otherwise used towards an extended warranty and Invest in cheap insurance (yourself) in the form of changing fluids, dealer maintenance plans, and easy DIY projects.
Prior to buying a car, read and understand you state's lemon laws.
NelsonLewis
Banned
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- 16.5 CX-5 GT AWD w/Tech BRMica
Hell to the Naw! Run far far away...
Sigh...how are your finances? How is your confidence in the reliability of your vehicle? How do you feel about risk? Answer those and act on your responses. Others' experiences may vary. Insurance is never of itself wrong just frequently not cost effective; which is why it works for insurers.
I have had my '13 for 4.5 years. Dealer maintained and no repairs not covered by warranty. We asked this question and gave it serious monitoring in '99 when we bought a a Volvo S70 and set aside the cost of the extended warranty in a separate account to be used only for out-of-warranty repairs that would have been covered by an extended warranty. When the extended warranty period ended we still had 300$ in the account.
Consumer Reports recommends that you buy reliable things and forego the extended warranty expense - follow your head - or buy less-reliable things and buy the extended warranty - follow your heart. This is still excellent advice as years ago I bought with my heart a TV CR assessed as having a beautiful picture and a risky technology, and the extended warranty I bought with it saved me 1800$.
On a CX-5 I would forego the extended warranty. This in part because my Mazda ownership experiences (on my 3rd and 4th) have been positive, and in part because I am at a financial point in life where I would not have to make a choice between a major car repair and shoes for the kids.
Brian
I have had my '13 for 4.5 years. Dealer maintained and no repairs not covered by warranty. We asked this question and gave it serious monitoring in '99 when we bought a a Volvo S70 and set aside the cost of the extended warranty in a separate account to be used only for out-of-warranty repairs that would have been covered by an extended warranty. When the extended warranty period ended we still had 300$ in the account.
Consumer Reports recommends that you buy reliable things and forego the extended warranty expense - follow your head - or buy less-reliable things and buy the extended warranty - follow your heart. This is still excellent advice as years ago I bought with my heart a TV CR assessed as having a beautiful picture and a risky technology, and the extended warranty I bought with it saved me 1800$.
On a CX-5 I would forego the extended warranty. This in part because my Mazda ownership experiences (on my 3rd and 4th) have been positive, and in part because I am at a financial point in life where I would not have to make a choice between a major car repair and shoes for the kids.
Brian
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- 2021 CX-9 Sig
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- 2021 CX-5 GT
I got it for my 2014 and have not had to use it at all. Honestly regret getting it but it does give good piece of mind. Also, it is very negotiable. They want something like $2500 but you can pay like $500 from what some have said (I think I have seen it that low).
This is just insurance. But buying it from the F&I guy AFTER you've bought your new car leaves you little negotiating power as to its cost. Most EWs have a very high profit margin, easily 200-300%, and they ARE negotiable, but that is most effective with the new car purchase.
It depends on how averse you are to out of pocket repair costs vs an insurance policy for X miles/years. I agree with "no" at full price. So, if you can negotiate it to half, then that changes things IMO. It was a "peace of mind" thing for me, but I negotiated it to 1/3 of the retail within the purchase of my new 4Runner (in 2010, which was a totally new Generation that year).
Also, to some who are financing, it's simply a few more $$ per month vs a potential out of pocket someday. And, don't forget the deductible. $100 deduct adds to the end cost. Mine is $0.
Like my Toyota, a Mazda is highly reliable, and not likely to have serious problems outside of the oem warranty. It's your money, and only you know what peace of mind is worth, but if you can't get it discounted, then it does become a questionable value.
Newb intro: Lurking for several weeks, looking at new CX5 for wifey. Nice forum.
It depends on how averse you are to out of pocket repair costs vs an insurance policy for X miles/years. I agree with "no" at full price. So, if you can negotiate it to half, then that changes things IMO. It was a "peace of mind" thing for me, but I negotiated it to 1/3 of the retail within the purchase of my new 4Runner (in 2010, which was a totally new Generation that year).
Also, to some who are financing, it's simply a few more $$ per month vs a potential out of pocket someday. And, don't forget the deductible. $100 deduct adds to the end cost. Mine is $0.
Like my Toyota, a Mazda is highly reliable, and not likely to have serious problems outside of the oem warranty. It's your money, and only you know what peace of mind is worth, but if you can't get it discounted, then it does become a questionable value.
Newb intro: Lurking for several weeks, looking at new CX5 for wifey. Nice forum.
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- Denver, CO
Welcome to the forum!
Yeah, I will generally say "no" to an extended warranty. Of course depending on price, etc. YMMV on whether it's worth it or not. Mazdas are pretty reliable.
Good luck even getting a quote based on my experience. Contacted 8 local dealers plus forum sponsor Med Center Mazda: 2 said they couldn't sell it if they weren't the original seller of the vehicle (not true), 4 offered me 3rd party plans rather than MEC (not interested), 2 never responded at all, and 1 had no idea what MEC was.
Love my CX-5, but the dealership network in my experience is the worst informed I've ever had the misfortune to deal with.
Love my CX-5, but the dealership network in my experience is the worst informed I've ever had the misfortune to deal with.
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- CX5 Akera 2.2 Diesel
I am not sure what the extended warranties offered in the US are like, but here, the conditions and exclusions are frequently such that there is hardly anything you can actually claim!
So my advice is to get a copy of the extended warranty policy and READ IT CAREFULLY! Definitiely dont buy it until youve had a chance to sit down and read it and undestand what is being offered, what is covered that is not already covered by normal warranty conditions.
Most people here in Aus, myself included, then conclude that it is simply wasted money and give it a miss.
So my advice is to get a copy of the extended warranty policy and READ IT CAREFULLY! Definitiely dont buy it until youve had a chance to sit down and read it and undestand what is being offered, what is covered that is not already covered by normal warranty conditions.
Most people here in Aus, myself included, then conclude that it is simply wasted money and give it a miss.
Same here, and that was a major reason why. We also tend to keep our cars for a long time, so knowing that I'm covered for 100K (which could be 8-10 years) given our history) gives me some additional piece of mind.
NelsonLewis
Banned
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- 16.5 CX-5 GT AWD w/Tech BRMica
Claim denied. Lol
I'm pretty sure lights aren't covered by the extended warranty though.
See extended warranty like your insurance, you never know if and when you will need it, just that when you do you hope you are covered and have it. The big difference is if you get it when you purchase your car it's rolled into the monthly payment and you end up paying interest on it. If you can get it afterwards you are only paying for the warranty it's self and nothing more
Just my 2 cents.
Just my 2 cents.
