Are extra warranties worth buying

Hyundai Cars and Models Forum Hyundai Tucson
1

I just got a Tucson hybrid and ended up spending over $5400 on extra coverage and warranties. Is that normal for a new car or just a sales tactic?

2

Mine was $1200 when I bought my car

3

It’s not worth it at all

4

Evans said:
It’s not worth it at all

Thanks for the input

5

Evans said:
It’s not worth it at all

Can you explain why? I’m really curious since I don’t know much about their coverage or warranties.

6

Zack said:

Evans said:
It’s not worth it at all

Can you explain why? I’m really curious since I don’t know much about their coverage or warranties.

The dealer is trying to sell me $1000 GAP, $2200 for a mechanical failure contract, $500 for a vehicle protection plan, and $1700 for a car care service plan.

7

@lenoxreloya
The only one you should definitely get is GAP if you didn’t put 20% down. The car loses at least 20% value when you drive off. The vehicle service contract can be valuable after 5 years or 60,000 miles, but you can negotiate that price. Just keep in mind dealers and warranty companies usually profit from this since most people don’t have issues.

8

@MaryJane
Thank you for the advice

9

It really depends on the details

10

I hope none of those were for Fidelity Wheel & Tire warranty. My son had a flat from hitting debris in the Lincoln Tunnel, and they claimed he hit a curb and denied the claim.

I wish I had read the reviews before buying. I’m going to cancel it.

11

@Christine
Thanks for sharing

12

It’s negotiable. I believe in the 10/100 bumper-to-bumper coverage. With my driving habits, that gives me 7-8 years of worry-free ownership.

But seriously, it’s negotiable. I was going to skip it, then the price dropped by half. After a bit more discussion, the salesperson found a ‘coupon’ for another 15% off. I felt satisfied and got some peace of mind.

13

@klausmark2
Thank you for the info