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Do you have an extended warranty and if so have you used it? What did it Cost?

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Discussion Starter #1
Lets see how valuable extended warranties really are. My thoughts on them are well known, but if you bought and extended warranty and have actually used it, now is your opportunity to share your experiences.

If you have an extended warranty and have ever used it, please upload copies of receipts with your name and VIN blanked out and note what the warranty cost you. Responses w/o proof are null and void.

The goal here is not to say someone wasted money on an extended warranty, it's to gain factual info on how many people have actually used one and if so how much of a return on their investment in the warranty has been realized.

I'm going to go on a limb and say 5% or less have used an extended warranty for repairs and <1% to the point of netting zero on the cost due to repairs. Let the facts flow!
 

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Lets see how valuable extended warranties really are. My thoughts on them are well known, but if you bought and extended warranty and have actually used it, now is your opportunity to share your experiences.

If you have an extended warranty and have ever used it, please upload copies of receipts with your name and VIN blanked out and note what the warranty cost you. Responses w/o proof are null and void.

The goal here is not to say someone wasted money on an extended warranty, it's to gain factual info on how many people have actually used one and if so how much of a return on their investment in the warranty has been realized.

I'm going to go on a limb and say 5% or less have used an extended warranty for repairs and <1% to the point of netting zero on the cost due to repairs. Let the facts flow!
Consumer Reports has a ready figured it out.

Extended Car Warranties Are an Expensive Gamble - Consumer Reports

So far, my brake pressure switch failure has been my only repair that wasn't a recall. It would have cost me equivalent to 50% of extended 5 year warranty to repair at a dealer if it had happened after March 31, i.e.after my warranty expired.

Since the 2015 Polaris warranties are just now expiring we'll see what the future holds.
 

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I bought the 5 year....for me was a good move...at this point I'm on my second Slingshot --- Feb 2015 a 2015 SL, 16,901 miles later and
a major problem with a toasted fuse box (would have been warranted
but in Sept 2015 didn't want to wait a couple of months for a new Slingshot. Was lucky enough to call my dealer on Tue pm and pick up a new fast red one on Wed morning. I now have 28,000+ miles
on the 2016 and have had several problems that were taken care of
with out question... I do know that the dealers have a lot of room to play as far as what they charge for the extended products....
 

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Is it me or is that three questions on a single answer poll?
 

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An extended warranty is a casino created by the “house” to ensure the house comes out way ahead. There was a conversation thread here running about last summer where a vendor was selling an extended warranty, and he was open and adamant that ANY modification from stock voids the extended warranty… changing the seats, changing the windshield… I got the sense that he was saying they’d tell ya to go pound sand for as little as a shiny new decal… not to mention all the real mods we typically do. We all know about Magnuson–Moss, but why the hell would I pay someone my money, knowing I’d have a legal battle on my hands to get any of it back one day?!?

Last car I bought, even though paying cash, they still make you sit through some of the finance guy’s spiel, which these days revolves around suckering the mathematically-challenged into a multitude of warranties by doing their best not to reveal how much the warranty costs, but instead, saying it would be just a few dollars extra a month on their payment. I remember one of those was a warranty to replace your key if you lose it. Upon pulling teeth to get him to just tell me what the cost of that “warranty” was, it was over $300… not including interest when rolled into a payment; so, more than what it would cost you to replace a key if you lost it. Oh, and I just loved how their four year extended warranty was going to begin immediately, running concurrently with the manufacturer's three year bumper-to-bumper warranty. I have zero mercy for those con artists.

The best warranty is bought from yourself… bank it… much less paperwork involved.
 

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No extended warranty for us
being very mechanical - i will fix it myself
i do not trust the dealer mechanics -
hard to find a good one
2e32d6d2710306db2a4e4491f80a1245.jpg

.................................................... tom n carol
 

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I bought the extended warranty; However i am still on the OEM warranty for another 7 months. However , i've had enough problems that i feel like i will probably use it. Cost effective? don't know.
 

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An extended warranty is a casino created by the “house” to ensure the house comes out way ahead. There was a conversation thread here running about last summer where a vendor was selling an extended warranty, and he was open and adamant that ANY modification from stock voids the extended warranty… changing the seats, changing the windshield… I got the sense that he was saying they’d tell ya to go pound sand for as little as a shiny new decal… not to mention all the real mods we typically do. We all know about Magnuson–Moss, but why the hell would I pay someone my money, knowing I’d have a legal battle on my hands to get any of it back one day?!?

Last car I bought, even though paying cash, they still make you sit through some of the finance guy’s spiel, which these days revolves around suckering the mathematically-challenged into a multitude of warranties by doing their best not to reveal how much the warranty costs, but instead, saying it would be just a few dollars extra a month on their payment. I remember one of those was a warranty to replace your key if you lose it. Upon pulling teeth to get him to just tell me what the cost of that “warranty” was, it was over $300… not including interest when rolled into a payment; so, more than what it would cost you to replace a key if you lost it. Oh, and I just loved how their four year extended warranty was going to begin immediately, running concurrently with the manufacturer's three year bumper-to-bumper warranty. I have zero mercy for those con artists.

The best warranty is bought from yourself… bank it… much less paperwork involved.
As described in the CR article extended warranties are a gamble no different than Vegas a few will win but most will lose. Your odds are set by the quality of the vehicle you purchase. Better chance of coming out ahead with a Fiat than Subaru. How many miles you will put on the the SS the following 3 years is also a factor in determining your odds. We don't know for where the Slingshot will fall with reliability so hard to set the odds. We can only speculate. For those who are not mechanically inclined or don't have the time or desire to work on the their slingshot a warranty maybe worth the gamble. It's not like you can go to autozone to even diagnose the problem, you need to go to a Polaris dealership anyway. Owners like Tom n Carol that are mechanically inclined and have the knowledge and time, have the odds in their favor of coming out ahead by not buying a warranty. However, while time and labor are free, parts aren't so as long as the cost of parts fall below the price of a warranty, all is good.

Also, I'm not as sure as I thought I was about not getting a warranty because of mods. I have made numerous mods and when I brought my slingshot to have the brake pressure switches replaced last week , there was no mention of my mods voiding my warranty. Of course none of my mods affected the brake pressure switches. If this had happened next week, when I was off warranty, I would have come to this site and learned that the light coming on it isn't a big deal although when driving the "brake failure" light going on initially scared the $hit out of me. I'd then follow the advice on this forum and repaired it myself. If I didn't feel comfortable doing it myself, I would have the dealer do at a cost = to half the cost of a 5 year warranty. If this is a recurring problem over the next three years then I would quickly come out ahead with a warranty.

Then again, I could be wrong.:)
 

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Stupid question time. I assuming you are limiting this to a Slingshot specific extended warranty? Not all vehicle makes and types?
The reason I ask is, you really have to consider the history of the vehicle. The SS, besides recalls, has not actually been terribly unreliable. Most things have been taken care of under the manufacturers warranty. And the engine, while not bullet proof, has certainly proven itself reliable over the last 15 years especially when you consider the tens of thousands they have produced.

Now if you have for example a Jeep Grand Cherokee, Mercedes S-class, or a Dodge Dart, an extended warranty may pay for itself. These vehicles have a horrible track record.

I bought a stupid Ford Windstar new in 1995. 36,000 mfg warranty and extended up to 100,000. Had the transmission go out at 43,000 miles. (Around a $3500.00 repair) Thank god I had the extended warranty. With a young family, I was not going to come up with that kind of cash. I paid the $500 deductible. 25,000 miles later the head gasket blew. Again extended warranty paid for it. I paid the $500 again. I had a cool Ford dealer who actually replaced my side view mirror and a headlight that was broken from hitting a deer a year earlier under the warranty. I don't remember what I paid for the warranty, but I am sure I made out after $6000.00 worth of repairs. No, I don't have the receipts and paperwork to prove it, but it sure as hell worked for me in this case.

I replaced the minivan with a Chrysler Pacifica. I bought the extended warranty because my dad told me that "Chryslers are junk. Go with a GM product." The extended warranty on this one expired without ever using it. Oh well, 1 year later, the transmission went out. lol I suppose if I put $30 a month into savings from the day I bought it, I would have had the cash to fix it plus interest.

You win some you lose some. As many said earlier, it's a game of playing the odds. To put the odds in your favor, buy a Toyota or a Subaru with no warranty or buy a Ford Fiesta and get the extended warranty.

My $.02.

Hopefully the next time a new forum member asks about extended warranties, we can all agree to just send him/her links instead of rehashing this out over an over again. :woot:
 

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Got the extended warranty as well... Didn't pay for it... Well kind of... When I bought my slingshot, it was when Polaris was offering a $500 rebate or extended warranty. I took the warranty.

As 2SierraRomeo put it... I'm "one of those con-artists"... I'm a finance manager at a reputable GM dealership on the Monterey peninsula. Unfortunately, my office is located next to the hallway from service and immediately access from the customer lounge. So, I see people crapped out over their repair costs... Sew it every day- service advisors tell them which part is causing the problem and the cost... People usually break down in tears, or get pissed off. Me... I hate seeing that shit! Salesmen love it... They usually get another sale. I'm just sharing because I see it from the inside out
 

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Extended mine one year. Really don't like the whole concept but with the medical hoops I jumped through this year I figure it would give me some peace of mind if I get cleared to make a lap around the playground this year:bag:
I think I can spare $50 deductible if something goes south during my loop. As for my 3rd person opinion I really don't like the $500-700 dollars you spend and the way it was marketed was more Polaris Customer Service/Confusion. Invest in a service manual, small lift and keep those precious Mod Dollars in your wallet:greedy:
If you need that break from the garage and some peace of mind then welcome to the club:facepalm:
 

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Nope, no extended warranty for me.
Just picked the SS lastnight from having the swingarm recall done. While there, I had them address the brake light issue which reared its ugly head last November/October. My warranty expired early January yet they contacted Polaris and got approval to warranty the parts if I would pay the labor. I happily agreed !! They also noted the right angle drive output seal had begun to leak and offered the same deal for that. All total I payed 120 bucks and am Very pleased. Although one never knows what may fail down the road I feel most of my issues are behind me and therefore feel good having not invested in an extended warranty.
 

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Some people have claimed to have luck with polaris warranty

But from my experience dealing with the dealers is like pulling teeth and is very aggravating , they have an attitude like they are doing you a favor

I would just keep your money and use it to put towards paying for a reputable competent mechanic instead of the dealers that only care about selling you the machine

Where I am in NY they sell tons of machines and then don't have enough staff to do the service and repairs , they are useless here
 

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Also, I'm not as sure as I thought I was about not getting a warranty because of mods. I have made numerous mods and when I brought my slingshot to have the brake pressure switches replaced last week , there was no mention of my mods voiding my warranty. Of course none of my mods affected the brake pressure switches. If this had happened next week, when I was off warranty, I would have come to this site and learned that the light coming on it isn't a big deal although when driving the "brake failure" light going on initially scared the $hit out of me. I'd then follow the advice on this forum and repaired it myself. If I didn't feel comfortable doing it myself, I would have the dealer do at a cost = to half the cost of a 5 year warranty. If this is a recurring problem over the next three years then I would quickly come out ahead with a warranty.

Then again, I could be wrong.:)
Lets get one thing straight there is a difference between manufacturer's warranty and Extended Service Contract(ESC), manufacturer tends to be a bit more forgiving of mods as long as they are not directly related to the part that you are "fixing" under warranty.

ESC are often Null and Voided If there are any aftermarket parts on the vehicles, they are not subject to the Magnuson-moss(or so i have been told) act since they are not required to be provided by law unlike manufacturer warranties , now with that said I have know of at least one company that will honor the ESC as long as the modifications are done by a licensed professional and you have documentation and not the cause of the problem..
 

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Discussion Starter #20
Lets get one thing straight there is a difference between manufacturer's warranty and Extended Service Contract(ESC), manufacturer tends to be a bit more forgiving of mods as long as they are not directly related to the part that you are "fixing" under warranty.

ESC are often Null and Voided If there are any aftermarket parts on the vehicles, they are not subject to the Magnuson-moss(or so i have been told) act since they are not required to be provided by law unlike manufacturer warranties , now with that said I have know of at least one company that will honor the ESC as long as the modifications are done by a licensed professional and you have documentation and not the cause of the problem..
To be clear manufacturers have ZERO legal requirement to offer a warranty of any kind.

Polaris could say "We offer you this 2017 Slingshot and the minute you drive it off the lot, you are on your own". Ford, Chevy, Honda, Samsung - any manufacturer could do that also.

What the Magnuson-Moss Act did was prevent manufacturers who DO offer a warranty from saying "You HAVE to have us do all service work or your warranty will be NULL and VOID". That's a monopoly and what spawned the act in the first place: You buy a new vehicle with a 2 year warranty and the dealer charges you $800 for an oil change and checking the headlight fluid.

As far as the value of ESC's - well,my disdain for them is well known so I won't repeat that LOL.
 
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