albertj03

I'm buying an 02 SE Automatic on Friday with 47,000 miles on it. It's a Nissan certified used car and I can purchase the 100,000 mile extended powertrain warranty for $250. I can go a step further and buy the extended bumper to bumper for another $599 for a total of $849.

I wouldn't mind spending the $250 on the powertrain warranty but I have a good feeling I'll probably never use it. Spending $849 is a little more then I would like spend right now but having the bumper to bumper would be very nice.

With all the Maxima experience here do you guys think I need to buy a warranty or should this Maxima hold up well?

Thanks.

sacmaldo40

It always nice to have the peace of mind of an extended warranty. I have the 100k warranty on my 2003 SE that I got when I bought it new. I traded in a 2000 GXE that I also had the 100k warranty. If it helps the car had 75,000 miles on it and I never had to use the warranty. The only thing I replaced up to that point were the brakes. The cars of very reliable so I think it will hold up if you don't purchase it but like I said peace of mind is nice.

G-STYLE02MAX

got mine for free play hardball u might be suprised what ya get

Kevon1

iTrader: (12)

I agree when everything is all said and done and your in with the finance guy just about to close the deal get up & walk out...................There is no
way they let you leave over a extended warranty. Either they throw in the warranty or you walk.

irish44j

iTrader: (38)

I paid around $900 for my extended warranty (Nissan Gold bumper-2-bumper).....so far in 1 1/2 years it has covered at least $1000 in repairs/replacement parts, and I still have 40,000 miles left on it. So in my book, it's well worth it.

nismo_star

iTrader: (8)

2K Max purchased in 99 w/ 7yr/100K plan, used it before I started to work for dealership, but it does come in handy.
Recently bought a G35 Sedan 6spd, I got tossed in a freebie extended nissan-infiniti warranty 7yr/100K can't complain.
Have had customers w/ extended plans and cars that needed lots of work, hoping I get some decent time with CPL(Customer Pay Labor) to bust my hump and find out it was covered by warranty, and get killed on time paid on vehicle.

aliti19

iTrader: (2)

I bought the extended 5/60 warranty, but i'm debating if i'm really gonna need it or use it up. I only have 13K miles & the 5 years seems like it's gonna come before the 60K.
Can you get your money back if you remove the warranty before the 3/36 period?

Lontar1

iTrader: (5)

get it..piece of mind is better then don't have it and something breaks... I replace all coils under my extended warranty... but It ran out.. so now am on my own.......but so far the Max is a reliable car...

pruizgarcia

iTrader: (1)

Mine has already paid for itself in one visit. The A/C compressor went to hell and the extended warranty took care of it plus they rotated my tires for free. Bottom line, are you feeling lucky that your vehicle will run trouble free?

Pedro

wayman

It seems like tranny problems are the biggest issue with a used Maxima (although your's only has 47k miles on it). I haven't heard of many Maxima engines blowing up, although I'm sure its happened. All the other little things that might go wrong are just a guess, so how much is piece of mind worth to you? At first, I would say just get the powertrain which will take care of the BIG failures and you can handle the little problems and hope they don't add up to more than $599 over the next few years. But then, take into account the fact that you live in Maine (I'm from Boston). For all of you who don't know why this is important, we're talking -20 degree windchills on a regular basis, icy roads (and therefore salty) all winter long and 10-foot snow banks. That car is going to take a certain amount of pounding no matter how you drive it. I'd say get the extended warranty and negotiate them down on it.

takkar

The extended warranty didnt do much for me as the dealer refused to fix certain things under warranty ( in disupute with them right now). I would go for a 3rd party warranty. I hear they are good

2k2kev

Tell them you want bumper-to-bumper for free. They say no and make a counter-offer... I wouldn't pay more than $400 for the whole package or I'd walk.

Get the warranty for $400 (or less) or don't buy the car.

NmexMAX

iTrader: (22)

I bought an extended warranty through my credit union, and it goes like this.

It's 100k miles from the day I bought my car, my car had 39,700k miles on so I'm covered until 139,700 miles.

The best part of this warranty is that I can have any ASE certified shop do the work, not just Nissan so I don't have to put up with their shyt, or if I want to leave in a mod, I can, as they do not have to report it to Nissan, only the cr union.


Don't know what way you're getting the loan, through a cr union or Nissan lenders, but that's what I did.

Puppetmaster

iTrader: (48)

Sounds good man....

So you're saying you got the loan through the credit union and got an extended warranty through them too?

Hmmm... I might look into that cuz I'm actually thinking of taking a home equity line to pay off the car and combine the car payments with the mortgage....

NmexMAX

iTrader: (22)

PM me and I cant give you details of the warranty company and you can check with your union and see if they provide that sort of coverage.

boatcop1

That dont always work.I just bought my 02GLE on Monday and when I was sitting with the finance lady she hit me with the "WRAP" so they call it. Its bumper to bumper for 100K miles and cost $995.00 I said "I thought that was included thats why I came here to buy" she said just Power train and I said "I would do it for $600.00" sHE SAID "No I'm sorry we cannot do that so I bought it for cost but the way I like to look at it is the Bose HU cost somewhere around $800.00 so to me its deffinatley worth it. By the way my wife killed me for not taking her in with me

2k2kev

Did you get up and leave? You have the checkbook, you have the power.

Your wife sounds like a smart lady.

NmexMAX

iTrader: (22)

Just because someone tells you something doesn't mean you have to take it.

Anytime I've dealt with a car dealer, I get up and start walking out if they don't like my offer, almost 99.99% guaranteed the sales guy will try and stop me.

2k2kev

AAaaaarrrrrrrghhhhh!!! NOOOooo!!!

It's going to seem like you're paying less but in reality you're going to end up paying A LOT more for the car.

ex: $20k loan at 7%.

5 years, monthly payment is about $400. Total interest paid over the loan is about $3,700

Use a line of credit and push that out to 20 years at 5% the monthly payment goes to $130. That sounds nice...but the total interest paid over the loan is over $11,000.

.......spell that out... ELEVEN THOUSAND in interest. You may want to find another way to free up money each month...using a line of credit to reduce your car payment isn't a sound investment.

albertj03

I'm going to buy this car tomorrow. I'll try to at least get them to include the 100k powertrain for free. After all, it is a certified car, the 100k powertrain warranty is supposed to come with it.

Puppetmaster

iTrader: (48)

Thanks Kev... don't worry, I haven't done anything, I was just toying with the idea and hadn't done the math yet, although you've provided quite a good example....

2k2kev

Banks really p!ss me off... anyone whose job it is to take your money to make money for themselves.....

Anyway, here's a viable option... same example, $20k on the car... at 5 years it's $400/month w/ $3700 in interest.

Push it to 20 years on a 5% loan and it's $130/month, $11k in interest over 20 years.

But, if you to 20 years at 5% AND put an extra $150 every month toward the loan then the overall interest is just over $4k. So if you want to "free up" $100/month and take a $300 hit over 20 years (insignificant) and have the discipline to make that extra $150 payment every month then you can have an extra $100/month almost for free... $400 payment goes to $130 + extra $150 so ~$300/month.

The discipline part is what you need to decide...can you do that? Then refinance. If you can't then don't.

lex3015

if u dont get it and something happens i bet you'll feel pretty bad about not getting it, and if nothing happens, hey atleast nothing happened

MorpheusZero

iTrader: (10)

That's a great idea, it just takes guts to pull it off. Or maybe I'm just a people person?

Whoops.

Puppetmaster

iTrader: (48)

Thanks for that.... it might be worth considering. I've yet to find out what rates we'd get on the loan so I'll know better when I find those out.... and I've also gotta catch up on the household finances, my wife doesn't look at those and I'm behind by 2 months or so....

Gotta make sure I have money for them mods, ya know?

murjose

I'd say buy it. The cars a piece of crap and the Nissan Dealerships suck and will always try to rip you off. My non-professional unhappy Maxima advice would be to take that money and buy anything, but a Nissan.

Puppetmaster

iTrader: (48)

Guess I wouldn't now.... had my 02 since Feb 02 and 37k miles and apart from the Bose... I've never had a problem with the car or its performance.... maybe ya think your car is a piece of crap, but don't generalize it to everyone else's.... dealerships on the other hand, will always try to get your money on maintenence, regardless of what make....