Is the extended warranty worth it?

What kind of warranty did you get with the car? I the USA, we get 10 year, 100k miles. If yours is only good for six years, that's not even as good as the "free" warranty here.

The general rule on insurance is to only buy it if you can't afford the loss. If my house burns down, I'm in trouble, so I insure it. If my furnace craps out, I can afford a new one, so I don't insure it. A car is somewhere in the middle, but you still have to ask yourself what's the worst you are likely to be on the hook for, and can you afford that or not.

If you were "pressured" into buying it, I'm guessing it does more good for the salesman that it does for you.

Chicago Jake said:

What kind of warranty did you get with the car? I the USA, we get 10 year, 100k miles. If yours is only good for six years, that's not even as good as the "free" warranty here.

The general rule on insurance is to only buy it if you can't afford the loss. If my house burns down, I'm in trouble, so I insure it. If my furnace craps out, I can afford a new one, so I don't insure it. A car is somewhere in the middle, but you still have to ask yourself what's the worst you are likely to be on the hook for, and can you afford that or not.

If you were "pressured" into buying it, I'm guessing it does more good for the salesman that it does for you.

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I bought the blue premium plus plan.
If that helps.

Stephaniearogers said:

https://www.hyundaicanada.com/-/media/hyundai/feature/ownerssection/warrantymarketing/hep-brochure.pdf

I bought the blue premium plus plan.
If that helps.

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Doesn't help much. Or at all. That brochure doesn't list covered amounts, deductibles, copays, or any other specific information about what you are getting. It is nothing but platitudes and propaganda. In other words, it looks like a scam. I would go for that refund ASAFP if I were you.

Chicago Jake said:

What kind of warranty did you get with the car? I the USA, we get 10 year, 100k miles. If yours is only good for six years, that's not even as good as the "free" warranty here.

The general rule on insurance is to only buy it if you can't afford the loss. If my house burns down, I'm in trouble, so I insure it. If my furnace craps out, I can afford a new one, so I don't insure it. A car is somewhere in the middle, but you still have to ask yourself what's the worst you are likely to be on the hook for, and can you afford that or not.

If you were "pressured" into buying it, I'm guessing it does more good for the salesman that it does for you.

Click to expand...

Th

Stephaniearogers said:

Had a pressured sale on the warranty and now I’m not sure I need it..

someone help me decide. I got the 6year/200k premium plus package.
high price They charged me 3299 for it. Feels like a rip off when you only get$2k back if you don’t use it.
My commute changed after buying and now I am driving a lot less.
I can cancel within 45days for a full refund

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The extended warranty kicks in after the factory warranty expires, additional benefits kick in on day 1.
It was offered, without pressure, I didn't buy it. It's not an aftermarket warranty, it's a fully Hyundai backed warranty. I seem to recall being told I could buy it before the factory warranty expires, if I decide to get it. Best to confirm with the dealer.

Stephaniearogers said:

Had a pressured sale on the warranty and now I’m not sure I need it..

someone help me decide. I got the 6year/200k premium plus package.
high price They charged me 3299 for it. Feels like a rip off when you only get$2k back if you don’t use it.
My commute changed after buying and now I am driving a lot less.
I can cancel within 45days for a full refund

Click to expand...

I had a high pressure sales on the warranty as well. The number one question you have to ask yourself is “How long do I plan to own this vehicle?” If it’s longer than five years, then I would get the extended warranty, if you don’t plan on keeping the vehicle longer than the warranty that comes with it then don’t get it. As in my case I don’t plan on keeping this vehicle longer than five years so I called the bank and told them I didn’t want the warranty and they took it off my loan. In fact, I wouldn’t have needed the loan because I paid cash for the vehicle and didn’t have enough cash for the warranty. But the bank paid itself back for a year and a half and I didn’t pay anything for a year and a half, but because of that stupid warranty I have to pay the interest on that warranty for a year because when the bank paid itself back they didn’t pay the interest. Hope that makes sense to ya. Good luck.

Canada's built in Hyundai warranty is 5 years or 100,000 KM for bumper to bumper and powertrain. For you non-metric folks, that's 5 years or 62,000 miles. He bought a 6 year/120,000 mile (200,000 KM) warranty for like $2,600 USD.

If you don't drive that much anymore and don't think you'll get much over 100,000 KM over 5 years, I'd cancel the extended warranty and bank the money.

I ended up getting rid of the warranty!
I found another place that I can add the car onto at anytime for WAY cheaper. So, after 5 years of I don’t trade it in I’ll look into that.
Thank you for everyone’s help.