Has anyone heard anything about Tesla offering an extended warranty on the Model 3? Do they offer one for the S or X?
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Yes I heard, they have dropped them. Third parties do provide some
This link covers all Models.
Vehicle Warranty
Your link said:extended service plans are available for Model S and Model X
You probably need one for the X way more than a 3. The X has way more junk that can go wrong with it.
99% of aftermarket extended warranties are priced in a way that they offer a solid double-digit margin to the insurer.... take that for what it is - but "self insured" is nearly always cheaper.
I mean- virtually all insurance is priced in a way that offers a significant margin to the insurer. Otherwise they wouldn't sell the product.
Many folks still find paying that margin to be worthwhile for managing/locking down their own financial risk though.
Thats if you didn't roll your warranty into the loan. I typically roll the warranty into the loan because my return on capital is higher than the interest I pay so I'd rather take a slightly larger note than put out any money upfront.Another factor to consider when purchasing an extended warranty is the cost of missing out on the return on your investment principal. For example, if you buy an extended warranty for $3,500 at the time of car purchase, assuming a relatively conservative 6% percent annual return on your investment, 8 years later that $3,500 would be worth about $5,600. So the true cost of your extended warranty is the initial cost plus whatever returns you would have gotten if money if had been invested instead.
99% of aftermarket extended warranties are priced in a way that they offer a solid double-digit margin to the insurer.... take that for what it is - but "self insured" is nearly always cheaper.