Is a car warranty worth it? 2000 dollars for a 7 year warranty. Powertrain warranty ends in the spring sometime. Car manufactured in Mar. 2004, no idea when it was purchased. What if you don't own the car that long? Already owned it 1.5 years with no issues.

 

Better to have it and not need it, than need it and not have it. My experience has always been that if I buy it, I won't use it. If I don't buy it, I wish that I had. I bought my 07 and paid for the 7yr/100k mile bumper to bumper. A little tough to sign the paper at the time, but buys me some peace of mind down the road.

 

it would be a good investment for the future

 

BUY! BUY! BUY! and make sure your getting what your paying for, read everything that is covered and make sure you know what your deductible will be. Dealer can tell you the exact in service date so youll know when powertrain ends along with service history. My experience as a tech the cost of small repairs can grow very fast.

 

Is this from Nissan or a outside firm? PPL have had problems with outside firms. As stated above read every word in the contract.

If you mod your ride you have to make sure that this will not void the warranty.

 

That sounds like a great deal...I paid $900 for extending the warranty 2 more years after my 04's warranty expired but its not w/ nissan...havent had to use it yet

 

Can't say I'm in agreement with the overall consensus. I just purchased an 08' SE with 9000 miles and was offered the extended warranty, but turned it down. I was definitely considering it as this is the first used car that I have purchased, but based on my previous experiences with owning a 4th and 5th gen I'm confident in the build quality.

Additionally, I'm also in a different position as I have 27k miles left on the bumper to bumper and 51k on the drivtrain. I'd have to believe if this car has any major issues they'll appear prior to my putting that many miles on it.

Of course now that I've stated this I'll be doomed.

 

With an '04, yeah... get it. Chances are you will have tranny/other expensive problems.

 

Chances are you won't, otherwise no one would offer to sell you an extended warranty. A warranty is best used to cap your possible losses and for "peace of mind," as someone here put it. Don't expect to earn your money back as you would with an investment, or you're likely to be disappointed.

It's like health insurance, but for your car. How many of us have medical bills than exceed our premiums?

 

DON'T BUY IT. For what its worth I've never bought an extended warranty and have never had any major issues. What I do is set aside money in my car fund for those unexpected repairs. Since 1990 me and the wife have owned 2 Saabs, 2 Ford Explorers, a Volvo S80, 2 Maximas and a Mazda3 all without buying the extended warranty.

The most I've spent during that time frame for an unexpected one time repair was $2500 in Sept 2003 for a new ABS modulator on the 99 Volvo. My repair fund had $5k in it so no problem. We sold the car for $9k bought my son a $7k car and put the $2k back into the fund. With an extended warranty it can only be used on the car it was bought for and when you sell, total or other wise get rid of the car the warranty goes with it.

With a car fund all your cars are covered no matter how many you own and its money in the bank. Currently I have about $8k in the fund and can use it for other emergencies if needed. Which is the best part about it. For the record of the 9 cars we've owned during that timeframe only 2 were brand new, and the Saabs, Volvo, and Maxima all had over 140k miles on them.

 

I say buy it, not only for peace of mind but mainly because you have an 04 and the problems will come. I too have one, have had it since may 2008 and have brought it in 3 times already. I bought the car with 35xxx miles and have had to replace the tranny, ABS pump,engine mounts and CV joint. Way over $5000 in parts and labor which only cost me $400 in copayment. You never know, everybodys luck is different but its better to be safe than sorry. Just my 2 cents.

 

Well, seeing all the threads here, and at the "other" forum for our cars... plenty of people with tranny issues. I'm just saying, if you plan on keeping the car for a long time, especially if you have an AT, I would seriously consider an extended warranty.

 

You put money aside ahead of time? That's almost un-American. Why not just borrow on the credit card?

On a more serious note, extended warranties can usually be cashed in for a pro-rated refund. So you get something back if you total or sell the car. They pro-rate from when you buy the warranty, even if the first few years are covered by the manufacturer

In my experience the second owner never wants to pay even a few hundred for a warranty.

 

Car has only 34.5 k, and right now I'm averaging only 4,500 miles per year. 2 nearest Nissan dealers 1 hr. away. I don't drive the car hard, so I think I'll pass on the warranty. Do you have to get it before the 5 year transmission warranty ends, or can you get it anytime afterwards. At my current driving rate after 7 years I'll still be under 70,000 miles. Also, according to Consumer Reports the engine, and the transmission are rated very well to not fail, so some of you must really be driving the car hard. (I have the 5 speed automatic.)

 

Yes I do, its called a rainy day fund. And for the record man I don't even own a credit card and have not since about 2006 when we became "DEBT FREE" via the "DAVE RAMSEY" program. I'll take being that kind of weird any day. My next car is going to be an 07 or 08 M45 Sport that I'm going to pay straight cash for. So I'll say once again "DO NOT BUY THE EXTENDED WARRANTY" put some money aside for future car repairs, it's a Maxima, right?

 

I agree with Maxgig, Maximas are good solid cars and its not likely something will go terribly wrong withing the warranty time period. If some of you guys like to kill your trannys, don't be blaming the maximas for it. Anyways, 2k for some "warranty" sounds insanely high, put it in the interest bearing account for a rainy day in case something does happen. Good luck with your purchase.

 

buy it i fell its better to have than not to have

 

Sorry, forgot the <sarcasm></sarcasm> earlier. If everyone acted this way, the economy wouldn't be where it now is.