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First 3rd party extended warranty for Tesla’s
- Thread starter Keith909man
- Start date
Oh I get it. You are the first one that specifically excludes the parts that makes the car move.
I don't think you would ever do that on an ICE warranty plan.
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Luckily, most Tesla's are still under a battery/drivetrain warranty. However, we are discussing expanding to those components as well. But just as other vehicles have different drivetrain warranties than the bumper-to-bumper, as does Tesla (see their warranty booklet as source) the limited warranty does not cover the battery/drivetrain nor does the ESA. That is covered by the seperate battery/drivetrain warranty. We ran with the same methodology.
You are also driving 4x what the annual average miles would be? Your car would be more expensive to insure than one that only drives 12K per year.
It would clarify things quite a bit if you mentioned that Tesla would be primary for anything they cover. I think you would have different premiums depending on if battery, motors etc needed to be covered?
While it would be intuitive to some of us, assumptions tend to lead to trouble and misunderstandings.
I am pretty sure it was your local dealer that was pushing that company, not Honda themselves.
What's worse is that warranty companies typically sell the warranties to underwriting companies. The underwriting company goes broke and your warranty is useless, sometimes this happens while you still have payments left to make to the warranty company that sold the policy. Once lost, consumer trust is very hard to get back.
Looked at the exclusion list. One entry is this:
“Powertrain and drivetrain are not covered – manufacturer warranty carries over to new owners)”
The problem is that Tesla does not have a drivetrain or powertrain warranty, just the drive unit, leaving a big hole here for drive shafts, hubs, wheel bearings, etc., however broadly they define this (and it doesn’t say).
“Powertrain and drivetrain are not covered – manufacturer warranty carries over to new owners)”
The problem is that Tesla does not have a drivetrain or powertrain warranty, just the drive unit, leaving a big hole here for drive shafts, hubs, wheel bearings, etc., however broadly they define this (and it doesn’t say).
Yes probably the Honda dealership. Point of my comment was the financial viability of the warranty company over time you own the car and as @jerry33 said also any underwriter.
My point is this is significantly more expensive the ESA from 50K to 100K miles and isn't bumper to bumper like the ESA. Even the ESA is way too expensive. I would have purchased it had they not nearly doubled the price from the original $2500.
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Mine came out to be 6K ish for additional 50K miles 4 years. The factory extended is 4.2K I believe. All in all, like all warranty, they are in the business of making money. Most of the things covered are roughly the cost of warranty. So you will probably break even if one of the items they covered breaks within the 4 years 50K additional miles assuming reasonable miles. If 2 things break then you win. Otherwise it is a loss. For those who have high annual miles, I would skip the warranty and roll the dice. It is expensive to keep running but i think going forward this will be the nature of owning a high tech car regardless if it runs on petrol or electric.
The only real solution to high cost repairs is tesla or car companies in general to mass produce replacement parts, and build cars not only for low cost manufacture but also low cost repair.
But overall good to see others entering the business of warranty. More competition is always good.
The only real solution to high cost repairs is tesla or car companies in general to mass produce replacement parts, and build cars not only for low cost manufacture but also low cost repair.
But overall good to see others entering the business of warranty. More competition is always good.
Thank you for pointing that out. It was changed to 5 days - I will correct that.
I have fixed the typo. We switched it from 3 to 5 days. 5 days per day total - will correct on my end for the future. Thank you for the feedback.
Morristhecat
Member
we are currently focusing on completing our national roll-out but would love to look into it once we are complete. Stay tuned...
Thank you so much for offering this product to Tesla owners! I am very interested in this product but have a few important questions...
Does this warranty offer the same type of coverage as the Tesla ESA?
For example the Tesla ESA covers the Air Suspension and drive-train components such as half shafts. Do you cover these components? The coverage of these components is essential as just about all manufacturer Extended Warranties cover these components so I wanted to check and make sure.
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