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Tesla now offering extended service agreements for certain vehicles
- Thread starter TBrownTX
- Start date
TarmacSurfer
Member
Tesla would not be offering this unless they’ve done the analysis and determined they will come out ahead - and far ahead - on this “offer”. It’s just like any other service plan pump - profit-padding via upselling. IMHO you’re just betting against yourself. Hard pass. The one thing I’m kind of looking forward to when my warranty eventually expires is being able to root and mod the car (think ghost upgrade) without worry.
rpiotro
Active Member
Very common that most warranties from the manufacturer must be purchased before the original warranty expires.
Now these people that call you every day to sell you a third party warranty play by different rules.
All insurance is gambling. You are gambling you'll need it and the insurer is gambling you won't. They have actuaries who pour over the historical data and determine rates where they will come out ahead over time. For some it's a great purchase while for most it's a loss.
Olle
Active Member
Yes, it is a good deal for the shareholders
In seriousness though, as with any insurance or warranty product, the house always wins in the long run.
pdx_m3s
Active Member
A new section "Extended Service Agreement" appeared under "Upgrades" in my app later the same day.
GSP
S&B's M3
Member
Q-ship
Member
It is no longer offered for the refresh model S/X. It is, however, still offered for the pre-refresh model S/X vehicles that are covered by the basic vehicle limited warranty. The agreement was offered for a short amount of time for the refresh S/X. I remember it being available in my app. Not sure how many people signed up for it.
As the owner of a 2022 model X, I don’t think this is a good sign. If Tesla doesn’t feel like they can make any money off the extended service agreements on these vehicles, where they obviously feel like they can on the 2019 and 2020 pre-refresh S/X, it would seem to indicate that the refresh models have a lot of problems. I have had many problems with my MX and while I was very excited to purchase the vehicle, I now regret the purchase.
They are still offering on the refresh Model S (probably changed since the last post). I still think it is expensive in that it only covers 25,000 miles. I have barely an issue on my 2021 refresh Model S LR (knock on wood).
yerEVan
Active Member
Reviving this thread.
It's $3,100 for the 2021 Plaid, with $100 deductible. 2 years, 25k miles (whichever comes first).
Anyone take the plunge? My warranty expires in 1.5 years, so just curious if anyone pulled the trigger and what the thought process was.
It's $3,100 for the 2021 Plaid, with $100 deductible. 2 years, 25k miles (whichever comes first).
Anyone take the plunge? My warranty expires in 1.5 years, so just curious if anyone pulled the trigger and what the thought process was.
My 2021 Model S refresh is at 48,300 and I keep going back and forth on the warranty. The mileage I drive will only cover another 1 and 6 months and have not had any major issues, knock on wood. Just not sure it is worth. Wish it was longer than 25k and 2 years.
When we had our 2018 model X, I purchased the 4 yr / 50K extended warranty. I can't remember the price but the peace of mind for the wife was worth it. Now, is just 2 years 25,000 miles ext warranty worth it? You're basically paying 13 cents a mile to have peace of mind. I think it's interesting that the dropped the deductible down from $200 to $100, so there's that.
Yeah I’m considering it for my 22 Plaid also. I like that it extends the existing warranty, versus buying miles and years through a 3rd party that starts now and is useless as I am still under the original warranty for a few years and 30k miles anyway. Also I don’t want the hassle of dealing with communication between Tesla and the 3rd party.
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