I just got a quote from them. For my 2018 Model 3 with 8995 miles, it would be $3,200 for an additional 8 years/100,000 or $3,500 for an additional 10 years/125,000 miles. Since I drive about 10-12K miles a year and since I still have 3 more years on the Tesla manufacturer warranty, what I am really getting is 4 additional years and an additional 50K miles for $3,200.
If I were to invest this $3,200 instead and earned say 8% a year for 3 or 4 years, I could earn an additional 1,000 so the true cost would be about $4,200 (or maybe a bit less since I would have to pay some taxes on my investment return). So the question is, is it worth $4,000 to extend the warranty for an additional 4 years and 50K miles. If I drove a ton and put say over 20K miles a year on my Tesla, I think it would be worth it. But since I still have 3 years and 40K miles on the manufacturer warranty and 8 years on the battery and motors, I am inclined to pass.
Two other interesting points. On their website, they ask the question why by it now if you still have the manufacturer warranty? They answered by saying it is because the older the car is and the more mileage it has, the more expensive it will be to purchase the same coverage. So if you are going to buy this type of extended warranty, best to buy it as early as possible.
Also, in the event you need a rental car and Tesla won't give you a loaner, they will cover a rental car for up to $40 a day for a maximum of 5 days. This means you would save a maximum of $200 bucks on a rental car.
Even though I am personally going to pass, it does seem like a legit product and may be attractive to some Tesla owners.
