Ash83

I am planning to add 7/70k platinum warranty to my car (14 RS5), the dealer quoted me 2.7K for that, is this reasonable price?

I want to keep the car for 6~6.5 years and sell it privately then, and having 1 year left + whatever milage under 70K will help me sell the. if I am buying a car like this used I will defiantly pay a lil bit more to get one with some warranty left on it and that is why I am thinking about adding this now.

RSFIZZEL

I wouldn't buy that but that's just me. Just save that money and take care of the car, should run fine in 6 years. You won't have a problem selling this car in the future with only 1500 in the country right now (for the most part). Very rare, instant classic.

glycerine

I picked up a 2014 RS5 off the truck on Friday. I got the Audi Pure Protection 7yr/70k extended warranty on it for peace of mind. I'm in California at least, so I can cancel at any time and get pro-rated refund (what I'm doing right now with my '11 A5 I traded in). I got the package at $2444 from them, so you have some wiggle room if anything.

Ash83

is your plan gold or platinum ( Gold does not cover MMI, Platinum is everything as the first 4 years/50K)

glycerine

Platinum

Ash83

Thanks !!

Muhammad

With extended warranties, you should consider a few key points:

1. Coverage

On a car like the RS5, a "parts excluded" coverage is the only way to go. This type of policy will specifically list what is excluded or not covered, and cover everything else. Alternatively, a "parts included" coverage will specifically list what is covered, and anything that falls outside of that list will not be covered.

2. Current Coverage (overlapping coverage)

You have no reason to buy an extended warranty until your factory warranty is about to expire (DON'T WAIT FOR YOUR FACTORY WARRANTY TO EXPIRE! Make sure you have at least 1,000 miles remaining). Most extended warranties will cover a car from the time the warranty is purchased, for a period of years and mileage. Take these two examples:

7 year/70k warranty purchased when car is new = expires when the car is 7 years old and has 70k miles on it.

7 year/70k warranty purchased when car is 3 years, 10 months old and has 48k miles = expires when the car is 10 years, 10 months old and has 118k miles.

In these two scenarios, the latter is much preferred as it will give you much longer coverage and for many more miles.

The former will usually be a more economical option as the effective coverage of the warranty is just 3 years, 20k miles as you would have double coverage and see coverage from the factory warranty for 4 years, 50k miles.

Not surprisingly, the cost of an extended warranty that gives you 7 years and 70k of coverage is going to be significantly higher than a warranty that only gives you 3 years and 20k of coverage.

3. How many miles per year you drive and how long you plan to keep the car

Most warranties are transferable and that warranty can add value or make your car more salable in a private party sale.

4. Cost per year/mile of coverage

Usually the warranty prices jump by mileage, not by time. However, there are numerous parts on cars that are susceptible to failure with time as well as mileage. For this reason, consider a longer warranty if possible.

5. Project warranty cost

Get a quote on a warranty on a 2011 S5 with 45k miles. See what those warranties will cost. Consider how much coverage you want and when you plan to sell.

In your case, the only scenario in which purchasing the warranty now would make more sense is if your desire is for a 2-year warranty, and the 2-year warranty is going to cost more when purchased in 3 years. If you want 3 or more years of coverage, hold off until later.

Ash83

Thanks man for the info, with all me three BMWs before I was doing the same thing you mentioned, wait until 40K then decided if I want to keep that car and buy the extended warranty or no if I know I will be selling it soon.

The price for the extended warranty was always reasonable at 40K compared to what they offer if I bought it at the beginning, But with my Wife's 2010 A4 the story was different, I believe I was offered around $2K for an A4 prestige when we signed the papers, but i declined at 45K i shopped around and for the same warranty and they quoted me 9K!!!! I checked multiple dealers and same results. This is crazy so i did not buy, I am not sure why this happened?? is it because the car had a faulty transmission at 20K miles that was covered under warranty [$6K to fix] or that is the common case for Audi?

This is why I am thinking to get it now. 2.5K now for 20K miles or 2 years extra. I know I will use at least 1 year. so that is 1.25K risk and gamble that i might not need it. but the second year or the remaining 10K miles will definitely give me better return of investment when I sell the car privately.

Muhammad

Depends on who is selling the warranty, as well. My dealer sells a plan through their affiliate dealership (a Nissan warranty, actually) that is far less expensive than the Audi Pure Protection option. But even still, it was aout $5k for an extended warranty on my S5 (which I didn't buy because the car is Audi CPO until 100k).

snagitseven

A couple of other things to note....

The "Audi" Pure Protection warranties, while sold by dealers, are not backed by Audi; they are offered by FD-Warranty and other third party companies. The only factory warranties available are the OEM new car and CPO warranties. Should there be a disagreement with a repair authorization for coverage, Audi will not be able to offer any concessions; it will be at the sole determination of the warranty company.

I've confirmed that the cost to buy a third-party extended warranty goes up at certain mileage levels. In other words, it will be significantly more expensive to purchase at 45K miles than at 10K miles. Be aware of policy deductibles - generally, the lower the deductible for each repair instance, the higher the warranty premium cost.

I considered one on my 2013 A6 but decided to self-insure by allocating an amount each year into savings or an equities account toward future repairs. While some may disagree, my feeling is purchasing an extended warranty is like going to Vegas. While a few may win, most will not. Warranty companies are not in business to lose money any more so than the casinos. Since you only get a couple of extra years or extra miles whichever comes first (almost always the years), none of which covers maintenance or wear items, the not insignificant investment seems too weighted to the warranty company for me based on my 14 years experience of owning four Audis.