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Chrysler Extended Warranty

1691 Views 9 Replies 10 Participants Last post by  Miss Daisy
I am at the point where I need to decide if I am going to purchase Chrysler's extended warranty. I have about 28,000 miles and drive about 20,000 miles a year. I usually keep my vehicles about four years or about 80,000 miles. So far I have not experienced any breakdowns or needed any warranty coverage yet. The only problem was the two recalls. This has been one of the most trouble free vehicles I have ever owned. My fear is after the 3 year/36,000 mile warranty expires (should be before the end of this year) I will have some trouble. It is more a feeling than fact and just the way my luck seems to go.

My question is what would you do in this situation? Would you spend the money on the extended warranty or chance it?

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I have gotten the 7 yr 100,000 bumper to bumper on my last 7 new chrysler cars , all Grand Caravans . I lease them for 2 or 2 1/2 years and put on 30,000 a year . I then give it to my wife when I get a new one . At the end of 5 years it would have about 85 to 90 thousand miles on it so I could sell it private and still have 2 yrs and 15,000 miles left on warranty . In all cases it has been worthwhile . Dealers around my home town get $ 85.00 a hour which can add up real fast with a trans or electrical problem . The new 5 spd trans and 4 wheel drive on my R/T could also cost a bunch of money to repair . The best part is my business pays for the lease and the warranty which makes it a 100% tax write off .
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