Chrysler Maximum Care extended warranty

[Martin]

So a year from now I can cancel for a prorated refund?

While I'm loathe to say what FCA will and won't do a year from now, as it stands today, a warranty can be canceled and refunded on a prorated basis. They will look at the number of miles, and the time left on the warranty to determine what you get back. But, that said, a lot of warranty things aren't as easy today as they were just a few years ago - so buyer beware and try to get it in writing if it isn't already in the warranty terms and conditions.

[Voice of Reason]

While I'm loathe to say what FCA will and won't do a year from now, as it stands today, a warranty can be canceled and refunded on a prorated basis. They will look at the number of miles, and the time left on the warranty to determine what you get back. But, that said, a lot of warranty things aren't as easy today as they were just a few years ago - so buyer beware and try to get it in writing if it isn't already in the warranty terms and conditions.

I'm pretty sure the cancelation/prorated refund stuff is law. Every manufacturer does it and they aren't doing it out of the goodness of their hearts.

[dhx]

Clay, can you clarify on some of this?

[Dr.Ron]

I had an extended warranty on my 2011 Carbon Edition Z06 that I traded in on my 2014 GTS.

When I cancelled it, I was roughly half way through the warranty time that I had purchased. I got a check back for roughly 1/2 of the total premium that I had paid...No questions asked.

Ron

[ClayR]

I'm pretty sure the cancelation/prorated refund stuff is law. Every manufacturer does it and they aren't doing it out of the goodness of their hearts.

This is law. It is a prorated refund at any time, but the last year I can tell you there won't be much left.

[Malu59RT]

This is law. It is a prorated refund at any time, but the last year I can tell you there won't be much left.

Clay, is it still prorated when you are inside the factory warranty? As far as I know, MaxCare isn't paying for anything while I am in my factory warranty.

[Martin]

Clay, is it still prorated when you are inside the factory warranty? As far as I know, MaxCare isn't paying for anything while I am in my factory warranty.

I'm not Clay, but I'll comment anyway I believe it is prorated because there are some things that you get with MaxCare that you don't get with the factory warranty (like a rental car). I have no idea what algorithm they use to determine how much a warranty is worth at various stages of its lifespan, but I'm 99.9% sure that they do pro-rate it in some way from the first mile and day that it goes into effect.

[flyboy1of1]

I took out a factory extended warranty when I bought my new 2013 GTS.[2014] Payed appx.$2,150.00.Traded in the 2013 GTS in Aug 2016. Eventhough, I never used any warranty[Viper was still ccovered under the three year factory] I received appx.$ 1,350.00 in a refund. Took a $700.00 hit !!!!Doesn't seem fair!!!

[AZTVR]

I took out a factory extended warranty when I bought my new 2013 GTS.[2014] Payed appx.$2,150.00.Traded in the 2013 GTS in Aug 2016. Eventhough, I never used any warranty[Viper was still ccovered under the three year factory] I received appx.$ 1,350.00 in a refund. Took a $700.00 hit !!!!Doesn't seem fair!!!

I've never bought an extended warranty, so, I have not investigated them. Why does a person buy one while they have a factory warranty in place?

[flyboy1of1]

Good question AZTVR. I was concerned it would not be available when the factory warranty ran out.Also,Assumed it would go up in price.Assumed I would receive a full refund if not used [while the factory was in effect] My mistake!!!

[ACRucrazy]

I've never bought an extended warranty, so, I have not investigated them. Why does a person buy one while they have a factory warranty in place?

As the age/mileage of the car increases the price of the extended warranty also increases. Also the extended warranty start date is the original date of sale of the car. So if you buy it day 1 or day 1000, the end date of the warranty is the same.

[ViperJon]

I'm not understanding. A five year extended warranty that you purchase at time of new car sale overlaps three years of the standard new car warranty? So in effect you are getting two extra years, or in the case of the powertrain no extra years?

[Martin]

I'm not understanding. A five year extended warranty that you purchase at time of new car sale overlaps three years of the standard new car warranty? So in effect you are getting two extra years, or in the case of the powertrain no extra years?

That's pretty much the deal. About the only advantage you get out of buying the extended warranty early on is that it's a lot cheaper, and there are some perks to it that you don't get with the standard warranty. For me, the guaranteed rental car was important - I didn't want to have to bug someone to pick me up from the dealership, or take a taxi. The rental car benefit was the biggest deal for me because, as we know, quality control on anything FCA isn't all that great - so when the car is in its first year, there are going to be plenty of reasons to bring it in and have things done. If you time it right where several things get done at once, they have to keep the car long enough to allow the rental car provision to kick in.

As an aside, I always get the longest time duration warranty with the lowest mileage allowance possible. I think the 7 year 50,000 mile is the best deal these days for a Viper. If they offered a 10 year 50,000 mile, I'd jump on that...