US warranty

[99Problems]

All this talk has confused me so I went and reread my extended warranty contract. My contract states my car is covered for 8 years or 80,000 miles from the purchase date of 6/8/24. If it ran concurrent that would mean it would only be 5 years or 50,000 from date of purchase?

That is correct... you are extending it by 5 years... or 44K miles beyond the factory 36K

 

[morphious]

That is correct... you are extending it by 5 years... or 44K miles beyond the factory 36K

Now I get the confusion. I thought all dealers sold the same extended warranty, so I went back and reread your post and you said your dealer and the warranty they sold. I would NOT do that deal.

 

[Time2Fly]

My dealer offered me a ten year (concurrent) warranty up to 100,000 miles but it costs $9,800.

 

[morphious]

My dealer offered me a ten year (concurrent) warranty up to 100,000 miles but it costs $9,800.

I paid about $6,100 for an extra 5 years so a total of 8 years. 10 years may not be a bad deal?

 

[Sethlaw]

I paid about $6,100 for an extra 5 years so a total of 8 years. 10 years may not be a bad deal?

That is correct... you are extending it by 5 years... or 44K miles beyond the factory 36K

That is correct... you are extending it by 5 years... or 44K miles beyond the factory 36K

According to my dealer they are saying that the contract covers after 12 months bumper to bumper because the standard lotus 36 month warranty covers only problems unrelated to wear and because you buy the warranty it expands the lotus warranty I signed the paper work on 12/31 still waiting to read the fine print they said the warranty was through JM&A. I bought the 96 month 60K mile warranty for $7,190.

 

[harleyujoe]

Yeah, I'm gonna skip it, and see how many issues I may (or may not) have in the first 2 years.
Not financing it so can't ask a credit union, but that's good advice for someone who may be in a similar boat...

Ditto