How long do you want to keep it for?

 

Make be about 6-8 years. 84 months 100$ deductible is about 3100. So essentially for 3 additional years I would be paying 3100.

 

Is having that insurance important to you? I personally don’t think it’s worth it. I bought mine new in 2019 and didn’t get it. All of the little stuff that happend was covered under warranty and it was very small stuff. I find Volvo to be a extremely reliable car. In fact it’s one of the most reliable cars I have ever owned. It never breaks hardly. The car has been a work horse for me. If I need to do something on it then I also have some of the documents too so it doesn’t really worry me too much.

The cars aren’t going to be as affordable to fix if someone is working on them in th US specifically. It’s kind of silly sometimes but in Europe or if you are doing some of the work yourself or have a good independent aren’t bad at all. The parts are affordable, you can get great parts warranties on these. I would call it the Toyota of Sweden. They really are phenomenal cars on just a sheet dependability level. I would call them a reliability leader.

 

I don't believe in extended warranties. I believe dealerships use it to make money. Some people get their money and more back. But most don't.
Nothing beats taking exceptional care if a car you plan to keep long-term. I just went through this. I know how the dealers make it seem like a no brainer.
I bought a 19 S60R and still have CPO until February. Offered 5 year extension. 3 times.
"You sure?".
The previous owner cared for this car very much... Better then I would have. 10K services at the dealer on time, every time. All just maintenance, nothing nore. Professional details. 5 years in Ohio, zero rust. Don't know how he did it.
I plan to take exceptional care of it too. I might get bit in the ass for this, but I would bet money this thing runs to 100K for me with zero issues.
Don't get it now. Wait. You're buying new. See how these first few years go. Take care of it. If it still gives you trouble? I promise the dealer will try to sell you a warranty annually and 6 months before current warranty ends. 🤣

 

I don't believe in extended warranties. I believe dealerships use it to make money. Some people get their money and more back. But most don't.
Nothing beats taking exceptional care if a car you plan to keep long-term. I just went through this. I know how the dealers make it seem like a no brainer.
I bought a 19 S60R and still have CPO until February. Offered 5 year extension. 3 times.
"You sure?".
The previous owner cared for this car very much... Better then I would have. 10K services at the dealer on time, every time. All just maintenance, nothing nore. Professional details. 5 years in Ohio, zero rust. Don't know how he did it.
I plan to take exceptional care of it too. I might get bit in the ass for this, but I would bet money this thing runs to 100K for me with zero issues.
Don't get it now. Wait. You're buying new. See how these first few years go. Take care of it. If it still gives you trouble? I promise the dealer will try to sell you a warranty annually and 6 months before current warranty ends. 🤣

I agree. The Volvos just don't break! When my car was in the dealership getting serviced under warranty it was always, 'Yep car looks great.' lol It was a o2 sensor one time, the other time it was a coolant cap, a couple of updated parts. The biggest one was an a/c line that is located by the alternator. They didn't say anything, it just got replaced. These cars are tanks imo. I do understand if they are an older person though and maybe they want that because they don't ever work on their car so I see it both ways but for me it's a no thanks. I will take my chances... I guess.. in a Volvo staton wagon? lol

 

I don't believe in extended warranties. I believe dealerships use it to make money. Some people get their money and more back. But most don't.
Nothing beats taking exceptional care if a car you plan to keep long-term. I just went through this. I know how the dealers make it seem like a no brainer.
I bought a 19 S60R and still have CPO until February. Offered 5 year extension. 3 times.
"You sure?".
The previous owner cared for this car very much... Better then I would have. 10K services at the dealer on time, every time. All just maintenance, nothing nore. Professional details. 5 years in Ohio, zero rust. Don't know how he did it.
I plan to take exceptional care of it too. I might get bit in the ass for this, but I would bet money this thing runs to 100K for me with zero issues.
Don't get it now. Wait. You're buying new. See how these first few years go. Take care of it. If it still gives you trouble? I promise the dealer will try to sell you a warranty annually and 6 months before current warranty ends. 🤣

Similarly, I bought an extended warranty on my 2015 Santa Fe. Never used it. However, we bought it on our 2017 T6 for $3200. The warranty covered $21k+ in services including a new long block engine.

Would be a great poll to have on Swedespeed - who has completed their VIP/CPO warranty coverage and not used it. There sure are a lot of people here who’ve had a single AC problem that paid for the warranty, among others. I wouldn’t want to own one of these without a warranty.

 

Similarly, I bought an extended warranty on my 2015 Santa Fe. Never used it. However, we bought it on our 2017 T6 for $3200. The warranty covered $21k+ in services including a new long block engine.

Would be a great poll to have on Swedespeed - who has completed their VIP/CPO warranty coverage and not used it. There sure are a lot of people here who’ve had a single AC problem that paid for the warranty, among others. I wouldn’t want to own one of these without a warranty.

To be fair, that is not normal by any means. Your engine had a very rare manufacturing defect. Evap core ok maybe a bit more common but still not super common like many members are making people believe. My dealership is dead when I go in there many times. There response? 'The cars are tried and true at this point.' No joke that is what they say and you can tell when someone is being truthful or not and the lack of traffic through the service area, the lack of business in the service area in general, absolutely backs up what they are saying. I have some disagreements with that dealership on some stuff sure but I find the both of our sides on this particular subject to almost 100% support one another. They don't break a lot, atleast not over there or even at other dealerships I have been too.

I think if you had a poll most people would say that they have used the warranty because most people who respond to surveys usually, in my experience are a lot of times reporting problems. And many members who are on Swedespeed in general are here to also report problems. That's just how it is a lot of times. @leaner.seeker is right about this. People who have had good experiences many times don't even know what Swedespeed even is. Atleast this is what I have found.

 

I think if your perspective is based on the two options in the poll then it's hands down a no brainer. You imply that the two most likely options are that it will pay for itself, or it will partially pay for itself. So if it's generally assumed it will partially pay for itself, then the only "risk" is really the difference. So if you buy an extended warranty for $4k and only $2k gets paid back, you had the protection for $2k. As far as risk protection goes, that's pretty affordable, as it's also likely to spend a bunch more on a single repair. Sure, some cars will have nothing in 10 years/100k, but I think we can agree that not getting anything back from it is low.

That being said, that doesn't mean your local dealer is offering it at a fair price. Look around, and either buy it from Steingold, or at least use that as a negotiation price point.

 

The reality is that, in general, most modern cars are incredibly complex, and the repair costs for even the simplist thing can sometimes be quite costly. Recently I read an article about the Ford F150. The owner's rear passenger light pod developed moisture inside it. In turn, this moisture compromised the driver aid and safety sensor sysem sensors and wires. The"simple" light pod replacement, including parts and labor, cost the owner upwards of upwards of $5K. A recent post in this forum talked about a T6 supercharger replacement costing in the range of $4K to $5K. "Simple" repairs can sometimes turn not out to be so simple, and can be quite costly. If one perpetually leases cars, they're always covered by the manufacturer's warranty. However, for those opting to purchase (and I presume keep their vehicle for a number of years), having an extended warranty may work out for them.