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Warranty about to expire! Is it worth paying $4100.00 for 80,000 more km?

Discussion in 'Canada' started by Judge Advocate, Sep 10, 2015.

  1. Judge Advocate

    Joined:
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    Mississauga, On, Can
    I have 76,000 km and am wondering if its worthwhile to pay the astronomical price of $4100.00 to continue the warranty.
    What could possibly go wrong in the car to cost that much?
    Thoughts?
     
  2. PoweredByRain

    PoweredByRain Member

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    It would be really helpful to know how much a drive replacement costs. I'm due for one - under warranty of course.
     
  3. Morristhecat

    Morristhecat Member

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    Door handles, air suspension, drive unit, compressor, lcd, various computers, various relays, batteries, etc. Those are all the expense reasons off the top of my head as to why I got it , but back then it was only $2400. How confident are you that nothing will require fixing? Its a gamble .
     
  4. pmoa

    pmoa Member

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    The drive unit and battery is covered for 8 years unlimited miles BTW
     
  5. yobigd20

    yobigd20 Well-Known Member

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    Nope not worth it.
     
  6. mknox

    mknox Well-Known Member

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    Same here. Bought it right up front.
     
  7. Forty Creek

    Forty Creek Member

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    Did the $2400 plan also have a $200 deductible?
     
  8. Doug_G

    Doug_G Lead Moderator

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    What deductible???
     
  9. Forty Creek

    Forty Creek Member

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    As I understand it, the extended service agreement for the Model S is $4100 in Canada and also requires payment of a deductible for every new repair issue that arises.
    This from the agreement:
    • “Deductible” means the portion that You must pay for a covered repair, as indicated above. The
      Deductible under this Vehicle ESA is CAD$200.
     
  10. CHG-ON

    CHG-ON Still in love after all these miles

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    I'm in the US and struggle with this too. They have always paid off in the past for me with cars due to all the electronics. Every one has paid for itself and more. But the 4K USD is 3 times what I have paid in the past. It is nice that they give us time to decide, aside from the potential for a price increase. I got the extended service agreement, which in retrospect, I should have bought the extra warranty, based on all that I have read. Oh well. I wish I could swap it out!

    Just not sure what to do since the car is so new, with no history.
     
  11. Morristhecat

    Morristhecat Member

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    I don't think the old plan has a deductible. Gee, wonder why they added the deductible? Costs must be higher than anticipated.....
     
  12. Scotty

    Scotty Member

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    With the difference between the Canadian dollar and the US dollar, I think it's a better deal in Canadian dollars. Currently, the $4100 CDN is less thsn $3000 USD, and the deductible is $about $150 per issue. A better deal, but I expect the actual $ cost will depend on which country you seek to utilize it.

    With Ranger service not included (so the towing cost will be on the owner), that's another per issue cost to keep in mind. I was just up in North Bay, and since I'm currently under the factory warranty, I was aware, but not as concerned. I will be, on future trips.

    Scotty

    S85 - 11 months and 44,000 miles
     
  13. sandpiper

    sandpiper Active Member

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    If I were planning on keeping the car for another 80K, I most certainly would. Bringing these cars up to 160K is uncharted territory. There is simply no way that a manufacturer can test and work out the bugs that will crop up in a new design as they really start to age. I'm convinced that we will see some completely new and expensive failures that we've never seen before; problems with the suspension system, the battery cooling system, the electronics, various of the accessories, and so on. And ALL of these repairs will be expensive.

    With every warranty repair (there will doubtless have some), the net cost of the warranty will drop. And if you sell the car between now and 160K you'll get some of the money back on the resale. I'd be very reluctant to buy a used Tesla without some sort of warranty and I suspect a lot of buyers will be the same.

    Finally, I would simply add up the costs that have been spent by Tesla on warranty repairs during the first 80K. Take that number and double or triple it. That's probably what you will see in the the next 80K.
     
  14. ZBB

    ZBB Emperor

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    I believe it is the same plan... Only the price changed from $2400 to $4000 (US) in early July 2013.

    if you have it, it will be listed in you documents on My Tesla... Go read the doc. I read it back then and recently (but haven't bought it) -- I believe the doc has not changed.
     
  15. Forty Creek

    Forty Creek Member

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    One door handle failing 4 times and you pay one $200 deductible. Four handles each failing once costs $800. The deductible hurts less if we are talking about a major repair so by buying the ESP, we are gambling that something big will fail. Much of the warranty work on my car (I'm at 70,000 kms) has been small stuff. I don't count TSBs or DU replacements in this as they should be 'covered' with or without the extended plan. I am less certain that the extended warranty is worth buying. For some however, it will provide 'peace of mind' and I certainly respect that.
     
  16. hingisfan

    hingisfan hingisfan_Mark_V

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    I'm approaching 40,000km and the only thing I've had to do was replace a shock... But now I'm getting a knock when slowing down at slow speeds, so there's something else wrong with the front suspension.
    I drive a lot, 80,000km is only about 2.5 years for me, so I don't think I will be buying. But, I will be paying for a servicing before I hit 80,000km (planning on skipping till then).
     
  17. Morristhecat

    Morristhecat Member

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    I looked up the document in My Tesla, and it is clearly the new document and shows the current $4100 price and deductible. The extended warranty section says it was purchased Feb 7 2013 - I believe that was about the last day prior to the price increase. Does anyone have a PDF copy of the old document or know where there is an archive?

    In looking further into this, I see that my Model S Guides documents, these are also all current. That is fine for user manuals and such, but the New Vehicle Limited Warranty should refer to my one from early 2013. If it doesn't, it is kind of like a bait and switch. This may or may not be a good/bad thing, as I haven't gone through them in detail to compare. At least I have a copy of that original document.

    I wonder if there is an archive of these documents out there? Sorry if this is getting off topic a bit, but at least it is a heads up to all to archive these at time of purchase.
     
  18. mknox

    mknox Well-Known Member

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    Had to pull out a copy of the agreement from back when I purchased the plan (at the same time as the car in March 2013). Yes, it specifies the $200 deductible.
     
  19. Forty Creek

    Forty Creek Member

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    Thanks. I was curious about that. The price changed about the time I was ordering so I either never saw the original agreement or I simply don't remember.
     
  20. Morristhecat

    Morristhecat Member

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    Thank you for clarifying. I appreciate it!
     

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