Considering coming to jag. X150. Previous car was bmw 750 li . I hear people in the forum complain about repairs. What after market warranty is good for these cars

 

When I bought my ‘09 XK in October 2018 I put aside $3,500.00 for repairs instead of buying a warranty. After paying for oil changes, a battery and dash repair I’ve got $3,300.00 left. The stock market helped a little...

 

I don't think there is a "GOOD ONE" they are in business to make money, not spend it.
Don 't even look at Car Shield, I think the have a D+ with the BBB.
I checked into them last year about my 17 year old BMW Z4, I was the original owner and the car had 75K miles on it, after a few deductions for it being a one owner car and having all the maintenance records, they still wanted something like $350/month. That's $4,200 a year. Do what ARENAEJ did and put that money into a savings account, you're going to be way better off.

 

Read my car's thread... I bought the only XKR I could afford a true Hoovie that was sick and ugly but by golly it's given me years of enjoyment. Mechanically and even electronically these car's aren't super exotic. Lots of parts swap over from more mundane cars. Rear went out, dropped in a 3.55 geared one from a Lincoln LS for $155 and my time. Needs a radiator I think and some coil packs now for reliability. Body is rough but it's also a all weather commuter car. I think that we are up to 163k or so and yes it's even driven in a snow...



Exotic skin, humble soul.

 

I followed a similar path, I came from a BMW 650 that we owned for 7 years. BMW that is aged is prone to known issues that cost thousands to fix. Unless you were a DIY who really enjoyed spending days on repairs.

My X150 at the same age as my BMW has been 90% less issues. I currently have no coverage on my Jag, for the BMW the aftermarket warranty was no brainer investment as you have a good chance of coming out ahead. Not so much on the X150.

 

UNDERSTAND THE DIFFERENCE BETWEEN A WARRANTY AND AN EXTENDED SERVICE CONTRACT


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A "warranty" is a promise (a contract) by the manufacturer of a product to repair or replace it at their expense within a specified period of time for specific failures caused by defects in materials or workmanship. Only a manufacturer can issue a warranty. The Jaguar Select Certified Pre-Owned program IS a warranty because it is backed by the manufacturer, Jaguar. It extends the original manufacturer's warranty subject to certain limitations and exclusions. The Jaguar Select CPO Warranty is a real extended warranty.

So-called "Extended Warranties" that are sold by Jaguar dealers and by other sellers on the internet are not real warranties. They are extended service contracts issued by various companies unrelated to Jaguar, and are like an insurance policy for car repairs.

Upon the expiration of the original factory warranty, Jaguar dealers will offer to sell you an "extended warranty" for various lengths of time and miles at varying prices. Jaguar dealers sell them because they're highly profitable. But they're not real warranties.

Salespeople often intentionally confuse consumers by saying "extended warranty", when what they're really selling is an "extended service contract". Even if that so-called "extended warranty" is summarized on a Jaguar dealer's letterhead, it is an extended service contract, and not a warranty. BUYER BEWARE! Aftermarket extended service contracts contain deductibles, exclusions and limitations that are often ambiguous and are used to deny claims. YOU MUST GET THE ENTIRE CONTRACT AND READ THE FINE PRINT BEFORE YOU SIGN AND PAY FOR IT! A sales brochure is not enough to make an informed decision. You must do your own due diligence. Those contracts typically state that the contract itself is the sole governing authority, and that you cannot rely on anything said to you or given to you in writing by or from anyone else.

If you think a particular extended service contract is attractive, be sure to Google it for complaints before you buy it.

Companies that underwrite extended service contracts are in business to make money. They have mountains of data, know the likelihood and cost of repairs by vehicle and component, and how to price their products. They also know how to write the fine print to deny claims. Any extended service contract company that loses money won't stay in business.

Think of it this way. It's like a casino in Las Vegas; the House always wins. Why? Because it's their game and they make sure that the odds are in their favor. Sure, once in a while someone hits the Jackpot. But that's just how the House keeps everyone else in the game - to make them think that they, too, will be winners. That's the same business plan for companies that sell extended service contracts.

Buying an extended service contract is a crapshoot. Just know that the odds are against you.

And some are total scams.
https://www.realsimple.com/work-life...rvice-contract

So, is there anything else that I can do? Yes. Assume that the cost of the extended service contract is $5,000. Instead of paying that money to the seller, put it in a separate savings account in your bank and use it only to pay for repairs that would have been covered by that extended service contract. If the exclusions and limitations would have denied or limited payment of that claim, treat that repair money the same way. Odds are that at the end of the term of that contract, you'll still have money left over in that bank account. That's the equivalent of the company's profit.

Forum members will tell you about their great experiences with their aftermarket extended service contracts, but few, if any, will tell you about getting ripped off because their claims were denied. That's because they sold "that POS Jaguar" and left the Forum.

As I said earlier, it's a crapshoot. Although occasionally someone will hit the jackpot, the House always wins. Jackpots are a psychological warfare tool the House uses to make losers think that they can win, too. Don't forget that you're the amateur playing against the pro and the odds are against you.

It's your car, your money, and your choice. If buying an extended service contract helps you to sleep better at night, then it's worth the cost. Unless those pleasant dreams turn into a nightmare.

Stuart

P.S. For an example of how a used car dealer tricks buyers into buying an "extended warranty", see my Post #38 in this thread:
https://www.jaguarforums.com/forum/x...-243346/page2/
This was an impulse purchase by an unsuspecting buyer who was tricked into thinking that he was getting a good deal. And it is, if his claims are paid. But that's not likely.

 

I'm in the car biz and if you are going to buy a warranty, you want an exclusionary warranty. That basically means that if it's a part that's not listed in the "Exclusions" area of the contract, it will be covered and usually with a $100-$250 deductible. Always check with the Jag dealer to see if there's any "Goodwill" or "Service Campaigns" as that would cover it without a deductible. Always chose one with a A.M. Best rating of "A" or better as this shows their financial stability! Good Luck!

 

I'd like to chime in... for what it's worth....as a member on this forum that took out a 6 year Easy Care Gold warranty with a $50 deductable over 7 years ago when my car had 4,500 miles on it. My car is a 2010 XK Coupe. Currently is just turned 13,000 miles. Warranty Cost: $3600. I managed to get my water pump replaced within the last 30 days of the warranty. They replaced it after I attempted the repair almost 4 times. Was it worth it? You guessed it... NO!!! Peace of mind? Maybe, but the peace of mind ultimately cost me over $2,000. 3rd party warranties suck. That's the bottom line. And if you get one, be prepared to put your boxing gloves on every time you go in for a claim. They are in business to make money and NO is their favorite word. Good luck whatever you decide. I'd go the route of putting money away for future repairs. Other than that... Choose a car that has relatively low miles and great service records. Oh... For those who are looking to steal a used XK....There's no free ride for paying cheap money for a used Jaguar.

 

I beg to differ...

 

Now you are just showing off!!! I don't think anyone on this board has the MacGyver ability like you. Most, me included, don't have the time, patience, and cleverness to pull off what you have, as your 37 page 724 post thread can attest.

You are the man.

 

Don't kid yourself tampmark he has paid the price, just in a different currency.