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Joecooool · 01-06-2009, 09:36 AM

My warranty expires a few days ago and I am interested in getting an extended warranty. I called the local Lotus dealer and their "gold" warranty is $1200 for 3 years 36,000 miles. That covers most stuff, their "platinum" warranty for the same time is $1500 and that covers everything except for normal wear items.

All warranties include the power train. Since the power train is sure to outlast the rest of the car, I asked if there was a less expensive warranty that excluded the power train and just covered the stuff Lotus made. No such luck.

I'm thinking it would be worth it for two reasons. First, obviously the issue about being covered if something gets fubar'ed. Second, I think people would be willing to pay more for a car with an extended warranty if I decide to sell it in a few years. I know if I were looking at two identical cars and one had a warranty, I'd be willing to pay more for it.

What do you guys think?

01-06-2009, 09:36 AM	#1 (permalink)
Joecooool Juvenile Delinquent Join Date: May 2004 Location: Jacksonville Florida Posts: 754	Extended warranties My warranty expires a few days ago and I am interested in getting an extended warranty. I called the local Lotus dealer and their "gold" warranty is $1200 for 3 years 36,000 miles. That covers most stuff, their "platinum" warranty for the same time is $1500 and that covers everything except for normal wear items. All warranties include the power train. Since the power train is sure to outlast the rest of the car, I asked if there was a less expensive warranty that excluded the power train and just covered the stuff Lotus made. No such luck. I'm thinking it would be worth it for two reasons. First, obviously the issue about being covered if something gets fubar'ed. Second, I think people would be willing to pay more for a car with an extended warranty if I decide to sell it in a few years. I know if I were looking at two identical cars and one had a warranty, I'd be willing to pay more for it. What do you guys think?