hey guys just had a question about a extended warranty. There are 2 warranties that I qualify for. National is one that covers up to 50,000 of liability towards repairs, and is pretty basic with covering the tranny, engine, driveline axles, and some important electrical and as well as everything in the power steering system. It does not cover anything fuel, differential or ac related. Now the other warranty is through Marathon elite which covers a alot more electrical and also covers the ac and fuel system, but does not cover the power steering system at all. The liability is up to 10,000 in repairs. So pretty much what I am asking is I know I def want a warranty for transmission engine problems in the future, but do you guys think its more important to have the power steering covered over the ac and fuel? Or to have the fuel and ac covered and not the power steering. BTW the AC Compressor is brand new on my car. Both warrenties are 3 year 36k. and are both a little over a hundred bucks a month paid monthly for 18 months. Some advice please...... my car has about 93k on the clock, thanks guys

 

I would think about it a bit differently??

A 2002 with the small V-6 engine can't be worth more than about $3000-$3500 at this time, at best. It's over 11 years old.

How much are you spending on a warranty to protect this low and still dropping in value car?

I would take the money for the warranty plus sell your car and then upgrade to a 2003+ if you still want an S Type with total amount. They really did improve the car at that point.

The S Type is still a very good value for the money but you have extracted just about all of it from your car!

Seems like too much to sink into such a cheap car?
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That warranty is far too costly to consider. Just put some money aside on a monthly basis as your maintenance fund. Use it if and when you need it. Ongoing maintenance funds make a lot more economic sense than purchasing costly extended warranties that come with so many exclusions on these aging S-Types....

 

I do agree, but god forbid if the tranny went in a month, id be out of pocket 2k. or if the head blew, etc.....

 

You can say that about any car you buy. Or about household goods. Etc.
But if you pay for extended warranties you can be sure over time that you'll be fleeced.

 

I see it differently - a 2002 car if well kept is a decent car. There are folks adding $1500 rims/tires on equally old cars all the time and spending $1000's on suspension repairs. If I read your questions right you are planning to spend $1800 for the warranty - you are almost certainly going to have some work done on engine in next three years which will pay for some of the warranty.
Question comes down to between the two companies - I guess which ever one has a better reputation of paying claims is who I would go with (rather than trying to predict what part will require warranty work in the future) since collecting on these warranties is very difficult.

 

+1 on whoever pays out the easiest. talk to whoever your trusted mechanic is and see if they have any exp. working with either of these companies. a lot of warranties are under written by fidelity who I heard is great about paying out, also the easycare warranties (used to be from chrysler) and ive heard the ford warranties are all pretty good about paying out. hope this helps!