My car reaches 4 years of ownership on the 28th of June this year. I am torn about weather or not to buy the extended warranty.
my car is only at 32,500 miles and is going in for the 4 year annual service on June 18th (which coincidentally was my original delivery date 4 years ago, but i was travelling at the time and picked up my car on the 28th instead)
until recently I figured I would get the extended warranty because I have had a few door handle issues over the past four years (tho none in the past year) and I know out of warranty repair costs used to be $1000 a pop, tho I have heard this has come down in recent times.
Then there is the MCU failure rate. If it still costs $4500 to replace a failed MCU out of warranty, and mine happens to fail, the extended warranty cost is a wash. does anyone know if the cost to replace the mcu has gone down?
then there is my Pano roof. it has had some work on it in the past four years, by Tesla service, tho none in the past year.
That said, the pano roof doesn't get much use during nyc winter and I have only been using it regularly over the past 2-3 weeks after what felt like a rather long winter. it may need more work soon.. who knows..
a few final points:
my tesla dashboard quotes $2,100 for the 2-year extended warranty or $4250 as the 4 year extended warranty price. This is IIRC the "new car 1st 180 days of ownership" price, so i may in fact be charged $2600 and $4750 or whatever is the after 180 days of ownership when I try to buy either, but for now it looks like I will get a small discount.
also...
In the past 4 years I have had 8 rather major accidents with my car. I was at fault in none of them but 5 of them required a police report. one of which was a "hit and run" with an uninsured driver so the repair was covered by my own insurance, and then most recently my car was hit while parked in a private parking lot and again who ever hit me ran off and i found my car all banged up/so my insurance covered the cost of this repair as well. i tried to get a police report for this accident while parked but learned the hard way that the cops don't issue police reports in -- in NY State at least -- if your car gets hit on private property.
all of this to say that I don't know how much my 2015 S85D with 33,200 miles is currently worth. The car was returned to me 3 weeks ago "like new" and still has the new car smell.. but I wonder if i am one Tesla-fender-bender-which-costs-$12,000-to repair away from being "totalled." if this is the case, it may not be worth it to spend $4,200 to insure the warranty repairs for the next 4 years.
I think i need to look into the KBB value of my beloved car...
finally,as much as I want the extra range of the latest S100D (or whatever they are calling it now) 265 miles at 100% that my car once had vs 370 at 100% that the new S100D has) the Model S no longer comes with the option of a pano roof. this remains a deal-breaker for me particularly now during the glorious summer months when my pano roof is mostly in the open position. so, fate allowing, i will keep my car chugging along for another 4 years b/c there is currently no new BEV with a sun roof (or free supercharging) that interests me -- and so may need the extended warranty. but if my car gets totalled 6 months from now due to too many accidents, what is the point of having the extended warranty. i heard this is refundable, but i'm confused how this would work.
i'd appreciate your advice on what to do here.. i have roughly 50 days to decide, tho i will be pulling the trigger (or not) on this extended warranty before June 28th, 2019.
my car is only at 32,500 miles and is going in for the 4 year annual service on June 18th (which coincidentally was my original delivery date 4 years ago, but i was travelling at the time and picked up my car on the 28th instead)
until recently I figured I would get the extended warranty because I have had a few door handle issues over the past four years (tho none in the past year) and I know out of warranty repair costs used to be $1000 a pop, tho I have heard this has come down in recent times.
Then there is the MCU failure rate. If it still costs $4500 to replace a failed MCU out of warranty, and mine happens to fail, the extended warranty cost is a wash. does anyone know if the cost to replace the mcu has gone down?
then there is my Pano roof. it has had some work on it in the past four years, by Tesla service, tho none in the past year.
That said, the pano roof doesn't get much use during nyc winter and I have only been using it regularly over the past 2-3 weeks after what felt like a rather long winter. it may need more work soon.. who knows..
a few final points:
my tesla dashboard quotes $2,100 for the 2-year extended warranty or $4250 as the 4 year extended warranty price. This is IIRC the "new car 1st 180 days of ownership" price, so i may in fact be charged $2600 and $4750 or whatever is the after 180 days of ownership when I try to buy either, but for now it looks like I will get a small discount.
also...
In the past 4 years I have had 8 rather major accidents with my car. I was at fault in none of them but 5 of them required a police report. one of which was a "hit and run" with an uninsured driver so the repair was covered by my own insurance, and then most recently my car was hit while parked in a private parking lot and again who ever hit me ran off and i found my car all banged up/so my insurance covered the cost of this repair as well. i tried to get a police report for this accident while parked but learned the hard way that the cops don't issue police reports in -- in NY State at least -- if your car gets hit on private property.
all of this to say that I don't know how much my 2015 S85D with 33,200 miles is currently worth. The car was returned to me 3 weeks ago "like new" and still has the new car smell.. but I wonder if i am one Tesla-fender-bender-which-costs-$12,000-to repair away from being "totalled." if this is the case, it may not be worth it to spend $4,200 to insure the warranty repairs for the next 4 years.
I think i need to look into the KBB value of my beloved car...
finally,as much as I want the extra range of the latest S100D (or whatever they are calling it now) 265 miles at 100% that my car once had vs 370 at 100% that the new S100D has) the Model S no longer comes with the option of a pano roof. this remains a deal-breaker for me particularly now during the glorious summer months when my pano roof is mostly in the open position. so, fate allowing, i will keep my car chugging along for another 4 years b/c there is currently no new BEV with a sun roof (or free supercharging) that interests me -- and so may need the extended warranty. but if my car gets totalled 6 months from now due to too many accidents, what is the point of having the extended warranty. i heard this is refundable, but i'm confused how this would work.
i'd appreciate your advice on what to do here.. i have roughly 50 days to decide, tho i will be pulling the trigger (or not) on this extended warranty before June 28th, 2019.
