MOPAR lifetime warranty
I had my Jeep Wrangler (toad) in the shop and the service manager asked me if I’d be interested in buying a lifetime warranty for it. I almost never buy warranties anymore and I was a huge skeptic as I’m sure there must be some catch to this. There is a little bit of a catch and that’s it’s really expensive, but it is basically a bumper to bumper warranty that covers all the normal stuff a warranty covers and it covers it all for as long as you own the vehicle regardless of miles. He told me it would be about $2600 for my Wrangler. I’m thinking about doing it only because there are a lot of expensive things that can break on the wrangler especially when you get into the 100k and up mileage range.
Another catch I found in doing research is this coverage is similar to a regular auto insurance policy in that it is only going to cover up to the value of the vehicle. So if you’ve got 300,000 miles on your Jeep and you’re driving down the road and the tranny and transfer case fall out onto the ground, all they are going to pay is up to the retail blue book value of the vehicle. So if the repair cost is $5000 and the vehicle is worth $3000, they are going to write you a check for $3000 as a total loss and that will basically be the end of your warranty.
Anybody bought this warranty? Any thoughts?
Another catch I found in doing research is this coverage is similar to a regular auto insurance policy in that it is only going to cover up to the value of the vehicle. So if you’ve got 300,000 miles on your Jeep and you’re driving down the road and the tranny and transfer case fall out onto the ground, all they are going to pay is up to the retail blue book value of the vehicle. So if the repair cost is $5000 and the vehicle is worth $3000, they are going to write you a check for $3000 as a total loss and that will basically be the end of your warranty.
Anybody bought this warranty? Any thoughts?
