hill
high fiber member
Don't worry - I'd bet dollars to donuts they'll be more than happy to take your money any time.I was never offered a service plan or warranty for my X. When were they supposed to offer that to me?
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Don't worry - I'd bet dollars to donuts they'll be more than happy to take your money any time.I was never offered a service plan or warranty for my X. When were they supposed to offer that to me?
Just to clarify terminology. The 4 or 8 year pre-paid service plan is called the "Pre-Paid Service Plan", not "ESA".
The Extended Service Agreement (ESA) is what is normally called the "extended warranty", but isn't due to legal reasons in most states.
Well it should be called ESA and extended warranty!
I am in the "YES, it is worth it" camp. Reason: Mine is a Model X, and according to Elon, it is the "most difficult car to build" due to it being "overengineered". Being introduced into production less than a year, a lot of 'bugs' haven't be 'known' or corrected. That's why Tesla is keeping the production roll out close to the Fremont factory so problems/recalls can be taken care of expeditiously and with lower costs. One main concern is the Falcon Wing Doors, and the Monopost Second Row seats. Durability is a BIG unknown since the car is in production less than a year. I guess one can argue that the car is completely covered bumper-to-bumper during the first 4-yrs/50,000 miles and that any problems should manifest itself during that period. Another reason, a lot of parts are unique to Model X or Tesla only, so they are not "cheap" and you have to get it serviced by Tesla. It's not like a Camry that's been around over 10 years and is one of the 'most' popular sedan around that owners has the option of getting is service besides the Tesla Service Center.May be I should not mention the word "insurance" as it has digressed to another subject.
Functionally, "Extended Service Agreement" is an equivalent of "Extended Warranty" but legally, they are different.
Some states demands that Tesla must legally be registered as an Insurance provider in order to be able to sell "Extended Warranty."
To bypass that legal terminology, Tesla calls that as an "Extended Service Agreement."
Whatever it is, it is still a tool if you want to buy or skip it according to your risk assessment.
As whether Tesla is reliable or not, Consumers Report says no.
If it is not, why Consumers Report also said 97% of owners are happy with Tesla?
That's because Tesla has serviced all problems for free during the warranty period and owners don't have to go to court to sue like GM 32-cent ignition switch.
As whether the repairs are affordable after 50,000 miles, here are a summary from Model S:
ncoiled | April 29, 2016
Windshield: $900
Windshield wiper motor: $500+
Headlight,: $1000 - has to be replaced as a next higher assembly even if just the bulb fails.
Side mirror: $390
MCU (17" touchscreen): $4,000
Door handle: $1000-$1200
Rotors, full set of 4: $1400
Sunroof seal: $1800(?)
Leaky cabin(?): $2500
Front end suspension work(?): ~$1000
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It's ridiculous that a burned light bulb replacement would cost $1,000 or a 12V battery that costs more than $300 but it seems to me, repair costs seem to be expensive.
By the way, it is true Tesla is a profit company so its programs including "Extended Service Agreement" is not a charity.
However, I do think that to have the ability to buy "Extended Service Agreement" is a privilege.
Consider those who do not have the privilege to purchase one:
1) Certified Pre-Owned: If you buy a Tesla directly from Tesla pre-owned selection, you are not allowed to buy Extended Service Agreement.
2) Third-party Pre-Owned: If you buy a used Tesla from non-Tesla source such as private owner or another company/dealership, you are not allowed to buy Extended Service Agreement either. However, if previous owner already bought it, you can have that owner to transfer that to you for a small fee.
So it is up to an individual to take in the data and decide for themselves.
And so far, from this forum, it is clear that there are 2 decisions after considering all the data:
1) No, it is not worth it.
2) Yes, it is worth it.
Buying an extended warranty is a roll of the dice.
Be assured Tesla would not offer it if they were losing money on it.
They throw everyone's money into a pot, payout repairs and in the end they make a profit. That means people with lemons are subsidized by those with rock solid cars.
You are not getting eight years of coverage for $4000 ($500 a year). You are actually paying $1000 a year for coverage in years 5-8.
Don't forget the most expensive portions of this car (battery and drivetrain) are covered for those 8 years already.
Then there is the matter of the $200 deductible. Let's say you have six issues covered by the extended warranty. That is $5200 you have paid to have those fixed for "free". There is a good chance you didn't save that much money.
Buy $4000 in Tesla stock and let that be your repair fund.
Insurance is for things that would ruin you financially. Healthcare, your home, wrecking your car.
There is no right or wrong answer. If you find $4000 worth of comfort in the extended warranty then get it.
I think for those that decide to trade it in, Tesla should prorate and refund the unused period.I think the service plans are, but can't see any pricing for the extended warranty.
I'm thinking if you trade it in, you lose it, but it would be transferable to a new owner if you sold it. Just guessing though.
I tried to purchase the pre-paid service today, and it's still not available for Model X.
The listed Service Plan is only for Model S, though some one on either Tesla's forum or TMC managed to get Tesla to sell him a Model S service plan for his X. "Advance payment of Annual Service Inspections via a Service Plan is the most economical means of maintaining your Model S." Every time I ask about the Service Plan I am told they are still working on it. My Sig X already has over 9,000 miles on it. Hopefully they figure out what service it needs in a couple of months.That is odd.
The website does post the prices for pre-paid Service Plans very clearly. So, you should be able to purchase one.
However, you might not be able to buy Extended Service Agreement (extended warranty) because the website deleted the listed price as of February, 2016.
I think the service plans are, but can't see any pricing for the extended warranty.
I'm thinking if you trade it in, you lose it, but it would be transferable to a new owner if you sold it. Just guessing though.
That's exactly my reasoning also. Between the service plan and ESA, my actual total costs are on average limited to about $1000 per year over eight years, plus the deductible for any in years 5-8.I want to keep this car 8 years and with my mileage I know it will not cost me another penny between now and then.