Ok, my truck is used, just bought it, 56700 miles on it. No warranty. I have an option to purchase 5 years, 100,000 miles extended powertrain warranty for $1450.00 This is a private warranty company (reputable) not Mopar.

Is this a wise move?

 

If you change your insurance to geico they have a simular program but much cheaper, and it covers everything including the stereo.

 

Really, does Geico offer this for vehicles they currently insure when the factory coverage expires?

 

you must have under 15k to qualify for geico ins.

 

The odds are against you needing it but that's why they sell it. Just ensure you have what is and what is not covered. I got screwed on mine when I was getting the tranny serviced the shop said the tranny was going to blow anytime and needed a rebuild. A trusted shop, so no fear of that. I call the warranty place and they say they won't pay for anything until it fails. The shop is $1000 now or $3000 down the road when it drops out. They still say no. They were betting that it would last long enough until the warranty expired andI couldn't chance driving a time bomb. I paid the $1000.

 

15k under what? The mileage?

 

I hate when they get you in a bind like that. You could dog the hell out of it until the tranny blew but you would also dog thehell out of everything else too which would be more costly in the long run, you could do nothing, pay for it yourself, or you could call them andtell them the tranny is acting up. They will send youto one of their shops who will say your tranny is toast and have it replaced, best case scenario. I have found many people if you can get them to believe it's their idea they will willingly do what needs to be done just so the credit goes to them.

 

I've had an "aftermarket" warranty on two of the vehicles I've owned. First off find out what they cover, not only parts but do they cover any labor. My warranty only covered parts and that's it. Now what is the deductible? It could be 50-500 dollars find out. Also make sure you tell them, if something goes wrong, that it broke. I made the mistake of telling the warranty company it was worn out and they would not cover it. Granted this part had only 23K on it.

Lastly. Make sure when you take it in for repairs that the service station accepts that warranty company. I've had a few places that did not do business with warranty companies.