Extended new car warranty after purchase opinions

[Ashoz85]

Hi all,

I posted a similar thread on whirlpool so apologies if you have seen it there. I did get a couple of good responses regarding the price of the warranty could be bargained down a bit and also to look into the 5 year trans warranty that was offered a while back (I haven't followed up with a dealer about this).

My 2013 Mark 7 Golf w/ DSG (Purchased new in mid Jan 2014, but is an Oct 2013 build) is coming to the end of its manufacturer warranty in mid January so I have been looking around at extending the warranty or selling the car.

I have contacted my local VW dealer and asked them about getting a manufacturers extended warranty which is identical to the extended warranty offered by VW on new/cars yet to be delivered. They were very accomodating and sent me the below PDS with a quote amount of $2013.74 for 2 years coverage, its titled "Volkswagen Extended Warranty Insurance" and looks to be backed by Allianz.

https://www.dropbox.com/s/otinb9jsj1...ranty.pdf?dl=0

I mentioned on the phone to them that we have had a clutch pack replaced early this year and I wanted things like that to be covered just in case. They said it would only be things like trim/consumables that would be not covered.

Basically what i'm looking for is for anyone who has real world experience with this warranty to let me know if it is indeed sufficient coverage for things like Engine and Transmission issues. I've read the covered/not covered sections, but the sentences are always somewhat criptic.

I really would love some educated opinions on this

[peekay34]

Swan Extended Insurance is an option I have that just compare policies....

[Hillbilly]

Hi all,

I posted a similar thread on whirlpool so apologies if you have seen it there. I did get a couple of good responses regarding the price of the warranty could be bargained down a bit and also to look into the 5 year trans warranty that was offered a while back (I haven't followed up with a dealer about this).

My 2013 Mark 7 Golf w/ DSG (Purchased new in mid Jan 2014, but is an Oct 2013 build) is coming to the end of its manufacturer warranty in mid January so I have been looking around at extending the warranty or selling the car.

I have contacted my local VW dealer and asked them about getting a manufacturers extended warranty which is identical to the extended warranty offered by VW on new/cars yet to be delivered. They were very accomodating and sent me the below PDS with a quote amount of $2013.74 for 2 years coverage, its titled "Volkswagen Extended Warranty Insurance" and looks to be backed by Allianz.

https://www.dropbox.com/s/otinb9jsj1...ranty.pdf?dl=0

I mentioned on the phone to them that we have had a clutch pack replaced early this year and I wanted things like that to be covered just in case. They said it would only be things like trim/consumables that would be not covered.

Basically what i'm looking for is for anyone who has real world experience with this warranty to let me know if it is indeed sufficient coverage for things like Engine and Transmission issues. I've read the covered/not covered sections, but the sentences are always somewhat criptic.

I really would love some educated opinions on this

The key word is at the end of the title " INSURANCE"

[Ashoz85]

The key word is at the end of the title " INSURANCE"

Hey mate, sorry now quite sure what you mean by that?

[Hillbilly]

Well a Warranty is a Warranty and Insurance is Insurance and probably not as good as a factory warranty

As you see it is an Allianz document which is an insurance company and a VW warranty is covered by the car maker

[Ashoz85]

Well a Warranty is a Warranty and Insurance is Insurance and probably not as good as a factory warranty

As you see it is an Allianz document which is an insurance company and a VW warranty is covered by the car maker

Fair point but don't Allianz and Swan underwrite most warranties in Australia?

[Dutch77]

Quite likely they write all the extended after market warranties, but as Hillbilly said - it's insurance and therefore will have a lot more loopholes than an original factory warranty.

Some people have had some wins and not all products are equal so it's ultimately your call, but the cost of one of these policies will go a long way to covering a lot of unlucky/bad scenarios anyway.. or a good set of wheels.

Each to their own, but I wouldn't touch it.

Even the government has chipped in to have their say lately: https://www.moneysmart.gov.au/insura...u-dont-need-it

[Hillbilly]

Fair point but don't Allianz and Swan underwrite most warranties in Australia?

You missed my point entirely

A factory warranty is covered by the maker In this case by VW Australia

An Allianz warranty is covered by an insurance company so best iof luck sorting out what they will pay for anwhat they will worm out og

[Ashoz85]

Quite likely they write all the extended after market warranties, but as Hillbilly said - it's insurance and therefore will have a lot more loopholes than an original factory warranty.

Some people have had some wins and not all products are equal so it's ultimately your call, but the cost of one of these policies will go a long way to covering a lot of unlucky/bad scenarios anyway.. or a good set of wheels.

Each to their own, but I wouldn't touch it.

Even the government has chipped in to have their say lately: https://www.moneysmart.gov.au/insura...u-dont-need-it

I hadn't seen that information before so thank you, I'll review the info and have a think about it.

[Eaglen00b]

I'd say, save your premiums and keep a war chest of at least $15k accessible at any time you need work/repairs done.

You then have the choice of repairers and genuine/generic parts not to mention negotiating power for work required to be done.