Phaeton is 5 years old today. Nothing has gone wrong other than service items and that means just the tyres. Two bulbs went when under warranty a couple of years ago but that happened the day before the service!!
I bought a warranty for years 4 and 5 from Warranty Wise for £420 a year which I have not had to call on.
Now of course at 5 years old the price is £70 a month for 1 year or £61 a month for 3 years.
If anything does go wrong it will be mega expensive eg - brake discs all round at a dealer will be £1100 which are not covered as a service item of course - should I go indie???
Arguably to run a car like this for £61 a month plus your service items and road tax and fuel is not bad value but it still narks. For that money I have a max single repair of £5000 no excess and no limit on number of claims, £200 per hour labour rate, and airbags, multimedia etc covered. Unlimited mileage as well.
Don't like to pay out for this but sod's law tells me that I am now entering the vulnerable years and if I don't do it I will get a problem.
On Phaeton website quite a mixed bag of views as you would expect but at £61 a month some think it is a no brainer to go for a warranty.
Agreed. I have a phone on effectively-unlimited contract for that very reason, peace of mind. I don't ever have to go into any settings, or check online, or wait for a statement or whatever to come through to see 'ah, I've just gone over... £110 on texts.... ooops' (yes, that happened once, new girlfriend
)
However, just looking at the brake discs you mention... £1100 fitted. I have no knowledge of the Phaeton's inner workings, but to replace the discs on one can't be greatly different from any other modern car. Wheels off, undo caliper bolts, hang out of the way, undo allen screw, disc off, new one on, refit is the reverse of removal... (happy to be disproven on this, though)
Found on a forum someone getting genuine discs from main dealer all round for £320 inc shipping, and that price comes down to £50 a pair if you want to go non-OEM. I'm a little intrigued to hear where the dealer is spending the missing £780...
I can fully appreciate the repair costs of a brand-new / nearly new car are astronomical, because in your case, unlike the Omega, you just won't find one every week in a scrappy. Parts are specialist, or main dealer; and that's why you've gone down the warranty route. Just to play devil's advocate... if you'd put the £820 you'd spent on the warranty in 2 years into the Bank, that'd be about £850 now, and there as a 'kitty' should you have needed any repair work, which you haven't. At £70/month in another year, that'd grow to practically double = £1711, or at the £61/month 3 yr route = £3000+. It's a gamble, of course, that's warranties for you, maybe you will, maybe you won't. If the Phaeton's the reliable Omega-replacer you hope it to be, then no. On the other hand - consider the car's overall value in 3 year's time. If then it's only worth about or less than £3k, well, you've got more in your bank than the car's resale value, so then you'd be a very happy boy.
Taxi Al makes a fine point, too - don't know if a warranty would replace a part like brakes, that are designed to wear away, any more than they would if it ran out of fuel because you hadn't topped it up.
I'm not wanting to appear negative, I'm simply offering another perspective
It's a decision only you can make, I think.
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Topic: Decisions decisions - extend car warranty or not (Read 5566 times)