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Just so you know, the extended warranty doesn't cover the powertrain battery or the 12 volt battery.So if you're the sort of person who says, "If I get a $15,000 battery failure, that means I don't send my kids to college" then consider the warranty.
Just be clear, extended warranties are not warranties. They are insurance, plain and simple. You should only purchase insurance if you fear significant risk of a problem you are unable to afford.
Remember that an extended warranty is a form of insurance. On average, insurance is not worth the cost, or it wouldn't be offered. It only makes sense to purchase it if you can't afford to pay for something it covers.
Tangentially, I think the player won in my case. Our house burned down (insurance paid for replacement) and my wife had a brain tumor (removed, insurance paid ALL, all good). So, if you can call that winning ...Over the course of your life, you will pay much more in premiums than you will collect. It's very unlikely you would pay less. So it's a gamble, and the house wins, even if sometimes the player wins.
Right. House fires, expensive medical diseases -- for many people insurance is definitely a right choice to cover those. Even though you will on average lose money because you might not be able to bear that cost at all. The cost of paying a $1000 deductible we can all handle just fine, probably, if we own expensive cars.Wow, we think alike and express ourselves alike. I didn't see your post, promise.
Tangentially, I think the player won in my case. Our house burned down (insurance paid for replacement) and my wife had a brain tumor (removed, insurance paid ALL, all good). So, if you can call that winning ...
Right. House fires, expensive medical diseases -- for many people insurance is definitely a right choice to cover those. Even though you will on average lose money because you might not be able to bear that cost at all. The cost of paying a $1000 deductible we can all handle just fine, probably, if we own expensive cars.
The underwriters will have priced in the likelihood that you'll need it. Of course, they may have miscalculated.
Others have been charged for this. Tesla has a conflict of interest, but I think they will be honest, and it's a good idea.I am not sure if they are going to charge me for this inspection, but I am expecting to be charged for it unless they find something that needs to be fixed.
What sort of charge? My warranty ends shortly too. This could be worth it though the car has run generally without problem though it has a few rattles etc. And the roof cracked due to a pine cone falling on it, which frankly seems a bit fragile but probably not under warranty. The quarter window also cracked under a thief's hammer, warranty didn't cover that. They did replace a plug on the TMC that I bought.Others have been charged for this. Tesla has a conflict of interest, but I think they will be honest, and it's a good idea.
What sort of charge? My warranty ends shortly too. This could be worth it though the car has run generally without problem though it has a few rattles etc. And the roof cracked due to a pine cone falling on it, which frankly seems a bit fragile but probably not under warranty. The quarter window also cracked under a thief's hammer, warranty didn't cover that. They did replace a plug on the TMC that I bought.
Did you make a decision on the warranty? I am in the same boat with a Model 3 coming off Tesla's warranty soon. I am thinking about the warranty expecting any issues and repairs to be relatively expensive otherwise. Has anyone used this Xcelerate Auto company's warranty?My 2018 LR Model 3 warranty expires Dec 1st and I'm a bit concerned about owning the car without warranty coverage because of how expensive repairs can be. Has anyone gotten an extended warranty for their Model 3? I know Tesla doesn't offer it.
Has anyone used this Xcelerate Auto company's warranty?
To repeat the message from above, the company selling the extended warranty has studied the sort of repairs that people actually need, and priced the insurance to be twice as expensive. You might "win out" and gain more than the warranty than you pay for it over just a few years, but over the course of all the cars in your life you buy these warranties for, you are all but assured to pay more for the warranties than the repairs -- much more. You would have to be a real outlier in repair needs for this not to be true over your life.Did you make a decision on the warranty? I am in the same boat with a Model 3 coming off Tesla's warranty soon. I am thinking about the warranty expecting any issues and repairs to be relatively expensive otherwise. Has anyone used this Xcelerate Auto company's warranty?
Yup, that's the control arm. Mine sounded like a huge old truck. Mine were replaced free under warranty.Check YouTube vids to see what it sounds like. Here's one.
Ill tell you how it goes for me. My appointment is this wednesday (yes the day before thanksgiving, lol).
To repeat the message from above, the company selling the extended warranty has studied the sort of repairs that people actually need, and priced the insurance to be twice as expensive. You might "win out" and gain more than the warranty than you pay for it over just a few years, but over the course of all the cars in your life you buy these warranties for, you are all but assured to pay more for the warranties than the repairs -- much more. You would have to be a real outlier in repair needs for this not to be true over your life.
The insurance companies pays for your repairs, and they pay for all their staff, and a fat commission for the party who sells you the insurance, and a nice corporate profit for the shareholders.
Google around, you will find tons of articles explaining why you don't want one, here's an example -- The truth about extended warranties, and what to do instead -- but beware of any article that is trying to sell you a warranty, of course.
They don't sell an extended warranty unless they feel quite confident that it will make money. They may have incomplete data but all that means is they raise the price to assure they at least make something if they predict wrong. The house is not in the business of gambling. They will work from the data they have.they can't really study Model 3 repairs with stat. significance yet.. Maybe S and Y. It's all about probability
This was a show-stopper for me. I realize that the cost to cover those huge repairs would make the warranty crazy expensive, but still.Just so you know, the extended warranty doesn't cover the powertrain battery or the 12 volt battery.