Since the extended coverage plan covers the HVAC system and the compressor this might be worth considering. The compressor will cost you north of $4000 to replace outside of the 4 year warranty. As noted the battery pack is covered under a separate 8 year / 120,000 mile warranty. The drive units should under normal conditions (not tracked or raced) last at least as long as the battery and probably longer.
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2 Year Tesla Service Agreement
- Thread starter Bob2C
- Start date
So the MYP has track mode? Does that mean if we use it we would be voiding the warranty????
No but hard driving of any vehicle can cause premature wear and tear. Repeated 0 to 60 time runs has got to put additional stress on all components. This does not mean that using track mode or taking your Model Y to the track will void the warranty (well maybe the tires and the brake pads but those have no specific stated warranty.)
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I see a $100 deductible per visit and you also must pay any applicable state and local taxes. There is a long list of excluded items, including lights, battery cables, and hoses. One funny excluded item is:
“Towing the Vehicle with a Model S or improper winch procedures (any model);”
I guess if you tow your car with a tow truck, pickup, or any other car besides a Model S it is covered?
That makes no sense.I bought the 4-year extended service agreement for my 2015 Model S for $4000. It had a $200 deductible. As time went by, Tesla drastically reduced their prices for common repairs, like MCU, screens, door handles, etc. It saved me from less than $2000 in repair cost, so like all other service agreements it was not worth it.
The Model 3/Y should have lower costs for parts and repairs than the S/X. Parts are made in much higher volume and there is a much bigger market to attract third-party aftermarket part suppliers and repair shops.
As others have said already “the house always wins“ (paraphrase)
GSP
So we have until the basic warranty expires to purchase the service agreement. Tesla can raise the price but I feel if you invest that 2k for fours years it will be a better option of buying when the vehicle is new. Plus you can get a feel if it’s a problem vehicle. If you resell privately it might be worth it because it can be transferred. Just another selling point.
Battery and Drive Unit Limited Warranty
The Battery and Drive Unit in your vehicle are covered for a period of:| Model S Model X | 8 years or 150,000 miles, whichever comes first, with minimum 70% retention of Battery capacity over the warranty period. |
| Model 3 Rear-Wheel Drive | 8 years or 100,000 miles, whichever comes first, with minimum 70% retention of Battery capacity over the warranty period. |
| Model 3 Long Range Model 3 Performance Model Y Long Range Model Y Performance | 8 years or 120,000 miles, whichever comes first, with minimum 70% retention of Battery capacity over the warranty period. |
Most likely not, unless you're unlucky. No one offers extended warranties that aren't net profitable, so not worth it to the majority of customers, why would you think there's any other net outcome? It's just insurance, most peoples premiums subsidize an unlucky minority, and the provider nets a profit - that's how it always work, Tesla or toaster oven.
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Agreement - https://www.tesla.com/sites/default/files/service/vehicle_extended_service_agreement_en_us.pdf
$100 deductible per visit. Includes Roadside Assistance. Battery and drive unit(s) not covered (they are covered under their own warranty). Cars used for Uber/Lyft etc not covered. Didn't see anything about loaners or Uber credits.
$100 deductible per visit. Includes Roadside Assistance. Battery and drive unit(s) not covered (they are covered under their own warranty). Cars used for Uber/Lyft etc not covered. Didn't see anything about loaners or Uber credits.
Given that current models with HW3 are not upgradeable to HW4, and HW3 is nearing 3 years old, and with the release of HW4 within the year, would it be worth it to keep HW3 for an extra 25k/2yrs?
I think it makes sense if you're going to hit 75k/6yrs within the next 2 years.
If, as in my case, you just acquired the vehicle and the warranty is good for 4 years/50k from now, HW3 will be pusing 7 years at the end of coverage, which is a veritable dinosaur in technology-age. I could see this making sense if you drive >20k miles a year, and warranty is about to run out before the expected sell or trade-in. Similar to Apple-tax, It seems repair costs for Tesla are inflated due to lack of competition in the service space.
I think it makes sense if you're going to hit 75k/6yrs within the next 2 years.
If, as in my case, you just acquired the vehicle and the warranty is good for 4 years/50k from now, HW3 will be pusing 7 years at the end of coverage, which is a veritable dinosaur in technology-age. I could see this making sense if you drive >20k miles a year, and warranty is about to run out before the expected sell or trade-in. Similar to Apple-tax, It seems repair costs for Tesla are inflated due to lack of competition in the service space.
It depends on your personal use case for the a car with HW3. I am perfectly happy with my vehicle that has HW3 and the incremental improvements it will receive of the years. I do not have, nor will I ever purchase FSD, but that's not what I want out of my personal vehicle. Therefore HW3 will serve my purposes well.
90% of the owners will fall into this category. HW4 is mostly for FSD
I have read it and don’t see it mentioned either way.You can probably read the agreement as well as the rest of us....I haven't read it yet.
Also the reference to Road Assistance seems to say that road assistance is not covered under this ESA.
I must be one of the few that have bought extended warranty’s and had it pay off. My last cost 3k for 3 years no deductible everything covered. In fact, it’s not available any more from the carrier. It cost them 10k when it was all said and done (trans failed), 120 mile tow and being FWD, entire engine had to come out which meant thr dealer found other issues
I have mixed feelings on this new offering from tesla. Mine would be 1800 for two years. In the last two years, it had cost me 4K for the M3. 2 k forr top and back glass (not covered), new tires. Not covered. New repeater cameras. Not covered. New CCS upgraded. Not covered. Cabin filters. Not covered. The only thing covered was the 12 volt battery at 0 dollars. Maybe I’m just lucky.
I have mixed feelings on this new offering from tesla. Mine would be 1800 for two years. In the last two years, it had cost me 4K for the M3. 2 k forr top and back glass (not covered), new tires. Not covered. New repeater cameras. Not covered. New CCS upgraded. Not covered. Cabin filters. Not covered. The only thing covered was the 12 volt battery at 0 dollars. Maybe I’m just lucky.
As with all warranty's value depends on likelihood of failure, exclusions, and possible repair(s) cost. IMO $2K is better off sitting in a high yield savings account or similar for those 2 years - odds are you'll come out ahead. Or sell and get a new car with new warranties and new features as I normally do.
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