Lifetime Chrysler Warranty
So, when I recently bought my new Ram truck I resisted the finance guy's ridiculous pitch for an aftermarket warranty and am doing some research. As a quick aside, PLEASE folks buying new cars don'...
Forum Discussion
S-n-L wrote:
Here is the scoop. I just purchased a new 2014 Jeep Cherokee and purchased the Mopar lifetime warranty. I paid just over $2000 for it and an absolute great buy.
In the future when the repair cost is more than the value of the car then they will buy out the warranty and give you the value of the car. For example, in 15 years when you truck is only worth $2K and your engine blows and costs $5k to replace it you will get the $2K.
All in all I think if you plan to keep the truck for a long time you will get your money's worth. I have the $100 deductible. I can see in 12 years from now have many $500 to $1000 potential repairs.
Stuart
This is completely correct. I made this same choice last year on my van, and I would gladly make the same choice again today. Electronic components can be very pricey. Do whatever you want, but this was a small cost to pay for peace of mind going forward. In the past I did all of my own car repairs, but the electronic components today are complicated and expensive.
