PaulZooms
16.5 GT Sensing
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- Lakewood, CO
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- 2016.5 CX-5 GT
... I should leave this thread. I get really frustrated at how people think about these things.
Amen to that. I tried to stay out, but just couldn't help myself.
... I should leave this thread. I get really frustrated at how people think about these things.
I probably shouldn't comment either, but I never, and I mean, never, buy extended warranty's, maintenance contracts, etc., on anything I have.There are two kinds of people in this world...those that ALWAYS buy the warranty (on almost everything they purchase) and those that NEVER do. I am the latter...and I figure Ive saved enough over the last 34 years (my driving life) to more than offset repairs...no matter how much they cost.
I probably shouldn't comment either, but I never, and I mean, never, buy extended warranty's, maintenance contracts, etc., on anything I have.
No furnace maintenance contract, appliance contracts, electronics (TV, computer, etc) contracts, and certainly no auto extended warranty contracts.
I can't begin to add up the savings I've achieved over the past 40 years by avoiding this scam.
If on the odd chance something breaks, which is almost never, I either fix it, or if it's past it's useful life, I replace it.
That sort of stuff doesn't happen here. If the third party warranty supplier goes bankrupt, then it's pretty much worthless. No such chance of a factory extended warranty going this way.What if they offered you lifetime coverage, bumper to bumper, at any dealer for $100? Don't buy it because it's not from Mazda? You should jump at that right? Of course maybe your car only generates $50 of repair costs for that $100 so it's still a bad value.
I should leave this thread. I get really frustrated at how people think about these things.
Good for nothing in many cases. Akin to "managed care" - it's a miracle if you manage to get any care. Most have so many exclusions and limits they are nearly worthless. Many of the companies go out of business and leave you with nothing.
I usually don't buy warranties but I did on the last two vehicle purchases.
2005 Honda Odyssey: I spent $1250 on a warranty. I ended up having 2 axles, a starter and one other thing (can't remember) replaced under warranty. I saved around $500-$600. Of course, had I not had the warranty then I would have fixed it myself and would have only spent $750 in parts. Sometimes cheaper isn't better.
2017 cx-5: 3rd party warranty. 7 year 100k. $1500. I bought the warranty knowing I could cancel it as I think about it. I plan on keeping this car for a very long time (most warranty companies bank on people selling/trading). I have replaced things like a/c compressors on vehicles with less than 100k (2001 Yukon with 95k)....so anything can happen. Honestly, $1500 is a big deal but not if it is for a plan that takes 7-10 years to unfold.
If you wanted a used RR I'd call it bargain you can't pass up..but its a new Mazda with good overall reliability and proven powertrain. Its all relative and anything can happen but odds are you'll come out ahead if not way ahead by just saying no to these profit padders.
Protect Your Car With Mechanical Breakdown Insurance. Geico offers it on new cars only. I currently am paying $115 a year on a TDI. My previous cars have included this maintenance and it is worth it for me. I have an exceptional dealer - going to miss them but they don't have a car I'd prefer to the cx5.
Protect Your Car With Mechanical Breakdown Insurance. Geico offers it on new cars only. I currently am paying $115 a year on a TDI. My previous cars have included this maintenance and it is worth it for me. I have an exceptional dealer - going to miss them but they don't have a car I'd prefer to the cx5.
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I just looked into this, and it is a big waste of money...
- Your new car comes with a 5yr/60K mile Mazda powertrain warranty, yet you must buy this Geico policy when the car is new. So your premiums for the first 5 years are wasted, and the only unique coverage you get is years 6-7.
- This coverage only applies to vehicles up to seven years old or 100,000 miles (whichever comes first). I've never had ANY repairs, on ANY vehicle, with fewer than 100K miles.
- In addition to your annual premium, you must pay a $250 deductible for each repair. "if you have multiple unrelated problems, you will have to pay a separate deductible for each problem."
- If your repair facility is unable to diagnose any mechanical failure with your vehicle, GEICO will not pay for any diagnostic fees.