New Member Warranty Question
#1
New Member Warranty Question
With the risk of sounding way dumb, Does a one owner 2013 XJL that was purchased by the original owner three years and ten months ago have any factory waranty left and could I purchase an extended Jagaur waranty fron a dealership?
Best,
Ray
Best,
Ray
Last edited by GGG; 02-04-2017 at 10:29 AM. Reason: Edit typo in thread title
#2
#3
#7
The key is the date that the car was first placed in service. The Jaguar CPO warranty is good for 6 years or 100,000 miles, whichever comes first.
For example, assume that a 2013 model XJ was purchased (or leased) by the first owner (lessee) on October 15, 2012 and now has 35,000 miles. The original factory warranty (4 years/50 ,000 miles) has expired, even though it has less than 50,000 miles, because it is now more than 4 years old (10/15/2016). But if it meets the eligibility requirements and a Jaguar dealer offers it for sale as a Jaguar Certified Pre-Owned vehicle, the factory warranty is extended (with certain exclusions) to October 15, 2018 or 100,000 miles, whichever comes first.
A warranty is a promise from the manufacturer, Jaguar. Note that for vehicles that are out of warranty, Jaguar dealers also offer extended service contracts from third parties that are commonly called "extended warranties". Technically, they are not warranties because, even though they are sold by a Jaguar dealer and may even include a Jaguar logo, they actually come from an insurance company that is unrelated to Jaguar. You have to be very careful when considering the purchase of an extended service contract because (1) the "Administrator" (who makes the decision to pay or not) is NOT Jaguar or your dealer and (2) the limitations and exclusions are your worst enemy and are often intentionally vague and ambiguous in order to result in the denial of coverage. Every single one of those contracts says, in effect, that you can't rely on anything the dealer told you and that this document is the entire agreement between the parties. BUYER BEWARE. Check out customer reviews online and read the entire agreement, particularly the small print, before you sign on the dotted line. And don't say that I didn't warn you. As an alternative, consider self-funding that risk by putting that monthly or annual premium payment into a savings account at your bank to use for future repairs. Because extended service contracts are high profit items for the dealer, you'll probably save money by self-funding. Insurance companies wouldn't sell them if they didn't expect to make a good profit.
Your money, your choice. But be an educated consumer.
Stuart
For example, assume that a 2013 model XJ was purchased (or leased) by the first owner (lessee) on October 15, 2012 and now has 35,000 miles. The original factory warranty (4 years/50 ,000 miles) has expired, even though it has less than 50,000 miles, because it is now more than 4 years old (10/15/2016). But if it meets the eligibility requirements and a Jaguar dealer offers it for sale as a Jaguar Certified Pre-Owned vehicle, the factory warranty is extended (with certain exclusions) to October 15, 2018 or 100,000 miles, whichever comes first.
A warranty is a promise from the manufacturer, Jaguar. Note that for vehicles that are out of warranty, Jaguar dealers also offer extended service contracts from third parties that are commonly called "extended warranties". Technically, they are not warranties because, even though they are sold by a Jaguar dealer and may even include a Jaguar logo, they actually come from an insurance company that is unrelated to Jaguar. You have to be very careful when considering the purchase of an extended service contract because (1) the "Administrator" (who makes the decision to pay or not) is NOT Jaguar or your dealer and (2) the limitations and exclusions are your worst enemy and are often intentionally vague and ambiguous in order to result in the denial of coverage. Every single one of those contracts says, in effect, that you can't rely on anything the dealer told you and that this document is the entire agreement between the parties. BUYER BEWARE. Check out customer reviews online and read the entire agreement, particularly the small print, before you sign on the dotted line. And don't say that I didn't warn you. As an alternative, consider self-funding that risk by putting that monthly or annual premium payment into a savings account at your bank to use for future repairs. Because extended service contracts are high profit items for the dealer, you'll probably save money by self-funding. Insurance companies wouldn't sell them if they didn't expect to make a good profit.
Your money, your choice. But be an educated consumer.
Stuart
Last edited by Stuart S; 01-08-2017 at 06:08 AM.
The following 2 users liked this post by Stuart S:
Johncy2000 (01-10-2017),
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#8
Certified Pre-Owned Program Benefits | Jaguar USA
#9
#10
It's actually 7 years and 100k miles, not 6 years. The only reason I know this is that I am currently looking at a CPO XK to replace my Maserati and I researched the program. Never having looked at CPOs before, I don't know whether this is a recent change or not, but the current literature indicates that it is now 7 years.
Certified Pre-Owned Program Benefits | Jaguar USA
Certified Pre-Owned Program Benefits | Jaguar USA