Jeep Patriot Forums banner

Extended Warranty

5.9K views 32 replies 22 participants last post by  homac  
#1 ·
I just purchased a 2009 Jeep Patriot 2.0 CVT North Edition. I pick it up Tuesday Sept 8th.

I'm considering purchasing an extended warranty which will push the coverage out to 7 years and up to 160,000 Kms (100,000 miles). The cost is about $2,700 CDN ($2,489 US$).

Consumer Reports magazine recommends against purchasing an extended warranty, for many reasons, however, in their study the only drivers that saved $$$ were Jeep & Pontiac owners! Jeep owners had more repairs which exceeded the cost of the extended warranty cost.

I asked the dealership to provide me with a list of what's covered & not covered and they said they didn't have one. I advised that I won't be spending $2,700 if I don't know what the heck I'm buying & where Chrysler could arbitrarily change the coverage at their whim, since it's not documented in a contract. The dealership is attempting to get me a document that lists what's covered & what's not covered. Unbelievable!

Anyway, what are your thoughts on purchasing an extended warranty. How is the reliability of your Patriot?
 
#2 ·
#4 ·
Canuck57: Be sure to verify that this is a Chrysler Company backed warranty and not a dealer aftermarket warranty bought through a private company. There was a big article a week ago in the St. Louis Post-Dispatch about the ripoff's of these private insurers. I bought a Chrysler Dealer warranty (5yr 60k)on my 2002 Sebring that I found out later was a private company warranty and the dealer did everything to avoid any work at all, and then went out of business.
 
#5 ·
Put your $2700 in an account that earns the best interest you can get. You can repair a lot of stuff for $2700 or, if the Patriot is as trouble free as it seems to be, you can use the cash on your next car purchase.

I have 33k miles on mine. I find it very reliable.
 
#9 ·
I have never bought an extended warranty on any vehicle I bought and never needed it. Then again If you have a sunroof it may be worth it considering all the leak issues. I would do what was mentioned above and bank that 2700 in an interest bearing account and just stash some money in it to use for any repairs. Extended warranties are pure profit for dealers.
 
#11 ·
I bought the 7 year, 100K miles extended warranty with my Patriot. I have never bought the extended warranty on any new car I have ever purchased, but something felt right about it this time. I read over it, albeit breifly, and it seemed to cover just about everything other than what my kids could destroy cosmetically inside and things that car insurance would cover.

I think I made a good decision.

:)
 
#15 ·
Well, if you think transmission failure is a likelihood, then I'd recommend a different vehicle. In most vehicles, the transmission will last a good long time with proper maintenance- you'd have to be at 150K mi. or more before it is even on the horizon. Yes, occasionally stuff can fail, but that's an extreme rarity. If you are willing to bet $2700 that it will happen within the warranty period, I'd be shopping other vehicles.
 
#27 ·
Long term CVT experience



My wife's uncle has a 1st gen Murano with the 1st gen CVT from JATCO (same company from Japan that makes them for the patriot/caliber/compass), 300,000+km with regular maintenance, no tranny problems, repairs or replacements. As far as I know the CVT tranny has been in autos since around 2002. I'm sure the CVT tranny is not going to be anymore of a failure issue than a traditional auto tranny. As you said Akula, with proper maintenance, it should last a long time and just as long as any other tranny.

I don't think there is a need to look at a different vehicle based out of fear for CVT transmission reliability. They're actually working on the next gen CVT tranny now and released some press news about it (3rd gen I believe). :huddle:
 
#16 ·
I would never spend that kind of coin on an extended warranty. I paid $16,900 for my Patriot, that would be 16% of the purchase price. I've never kept a vehicle long enough that the engine or tranny failed...and I have kept cars for 10+ years before selling them.
Proper maintenance will keep it running long after you get tired of it and sell it :)
 
#17 ·
Hey Canuck57,

This is coming from another Vancouver person.

I just got my Patriot 3 weeks ago, exact same model as you. I got the dealer ship to significantly discount the extended warrenty. I got is for $1200 all in which cover me for my full finance period of 7 years. Their extended warrenty has lots of margin and they have lots of room to move.
 
#18 ·
hey folks, I just got my pat 3 weeks ago, and I got the full extended warrenty for a few reasons 1- lets face it this cvt technology is fairly new in cars, its been around for a while in snowmobiles but... 2- it is a 4x4 and lets face it 4x4 we tend to force them a little more no? and 3rd if i decide to sell it in 4 or 5 years the warrenty is transferable, a good selling point for a used car.
 
#21 ·
lets face it this cvt technology is fairly new in cars, its been around for a while in snowmobiles but...
Nope. Subaru was using it in their little 3 cylinder Justy back in the 80s.

The CVT is a very simple technology- far simpler than a traditional automatic transmission. The real trick was controlling the thing so it was workable (computer technology needed to advance to the point where it was cheap enough to include) and create a belt that would take enough torque to move anything bigger than a micro-econobox. JATCO (the maker of the Patriot CVT) has quite a bit of experience with them, and while some are likely to fail for whatever reason (manufacturing tolerances stacking just so, defective parts, etc.), the majority should be every bit as long lived as a decent automatic transmission, if not more so (provided proper maintenance is done).

Again, if you think major parts breaking is likely enough for you to see a payment of over 10% of the new vehicle MSRP as a wise investment, I would heartily recommend finding a vehicle that you find more trustworthy. If the dealer pushes the warranty that strongly, I would tend to watch their face when I tell them that if they think it's that likely to let go, I'd better find another vehicle that's more reliable.
 
#19 ·
NEGOTIATE!!!

of that $2400 you're paying, the dealer is making about $1800. the extended warranty, if it's through Chrysler, is a good one, but waaaaay overpriced.

just negotiate the price of the warranty as you would the price of your Jeep. if they don't want to budge, WALK. my guess is that they'll call you back and 'counter-offer'.

good luck!:smiley_thumbs_up:
 
#20 · (Edited)
Extended warranties are a waste of money 95% of the time. You will always find a few of the 5% that will tell you it is more than worthwhile. I have a CVT in one of my other vehicles. They are very reliable. However, if they need to be rebuilt or replaced they are extremely expensive, like $4500 - 6000USD for a total replacement. However, $2700 is absurd for an extended warranty. Your dealer is selling you a 3rd-party warranty. Verify if the warranty has any deductibles (there usually is one), how you collect (often have to pay out of your own pocket 1st and then file a claim to be reimbursed), how long the 3rd party has been in business (these companies go out of business regularly, do a Google on "extended warranty problems" and check them out) and what the extended warranty does not cover (usually a lot more than the dealer is verbally telling you). The only item I have EVER purchased an extended warranty on is my 50" LCD, and that's because my last one lasted less than 3 years and I talked Best Buy into cutting the price over 1/3 (yes, ALL extended warranties are negotiable - they are pure profit for the seller/dealer). So, if you really want one and want to deal with your dealer, start at 1/2 price and try to get them down to $1200 - $1500 or so. They WILL drop the price, but you may have to accept a higher deductible to get there. Would you pay $1500 with a $250 deductible if you are concerned mostly about BIG repair bills - like a $4500 CVT transmission? Also, call your auto and home insurance agent and ask about an extended warranty. Believe it or not, many auto and home insurance companies offer them for much less than the dealer. I know that State Farm does (they also offer pretty decent auto and home loan rates). Also check with your local credit union. Best luck.
 
#22 ·
Personally I did go with an extended warranty when I purchased my Jeep, but my main reason was because the Jeep sat for many months on their lot and did not move.

I mean heck it was assembed in June 2008 and when I took it for the first test drive at the end of March it only had 11KM on the odometer.

I only purchased the 5yr/100KM warranty ot cover everything else until the Power Train warranty expires at the same point. My main thought was if the A/C needs to be rebuilt due to sitting, and if any suspension parts fail due to the long wait. I paid $1499 plus tax with $0 deductable my warranty is now valid in both Canada and the US plus if I need a rental it is covered and a Hotel if necessary.

Oh yes the warranty is a Chrysler warranty through Service Contracts Canada which is owned and operated by Chrysler Canada.
 
#23 ·
Am i reading this correct? You paid $1500 just to extend the 3 year basic warranty an extra 2 years or 40,000kms?
The warranty that comes with the vehicle in Canada is 3/60k bumper to bumper and 5/100k powertrain. Its pretty crappy compared to US warranty, but $1500 for that 2 years/40k is pretty steep.
 
#24 ·
This is a repeat of another post of mine but I bought my Patriot back in September of 2009.

I got the Chrysler MaxCare Lifetime with $100 deductible for $1665 after shopping around. The cheapest place I found:

www.chryslerwarrantys.com

I checked up on them and the site is run by Topor Dodge in Chicopee MA and they are an authorized Dodge Dealer so it's legit.

TIP:
Don't buy it right away after you get to the price page. If you wait a day or so, they'll try to entice you further by sending you a promo code via email for an additional discount. At least they did with me.

I used the above quoted price (printed out the email) and my local dealer matched it which was good since I'd rather my money go to a local company.

NP
 
#25 ·
$2700 does seem a little steep. I think I only paid $1100 for the 5yr/60k miles bumper to bumper extension. Haggle them on the price.

no one is rebuilding the CVT's now, but that doesn't mean in a few years that they won't be. Once warranties run out, the parts supply markets will start carrying them, often times upgraded to avoid repeat failures.

I just had a transmission redone in my cousins 2000 Pontiac Grand Prix. Total rebuild including R&R was $2400. With that I got all sorts of upgraded parts that tend to fail in the original trans (like the 4th gear input shaft tends to beat out the splines due to overdrive engage/disengage so the new shaft has hardened splines, improved clutch housings, apply pistons, etc.).
 
#28 ·
Just ordered my 2009 MK two weeks ago paid in full, should be here in two more weeks. Just wanted to point out why I didn't buy the extended warranty option...lifetime powertrain warranty for 2009 MKs. Thats all I need! Any takes?
 
#30 ·
Hi everyone,

Before you read this post, I suggest you make sure that you dont have a mouthfull of coffee or food. I dont want to be responsible for you choking to death !!! :wow:

I just purchased a Patriot this past Saturday. :banana: And the finance lady was trying pretty hard to sell me extras. Among which, an extended warranty.

Here is the deal she offered. And when I say "deal", I mean this is a discounted price because I am a "good" customer :icon_rolleyes:

5 years/100K - $1440 + tax
7 years/115K - $2890 + tax
7 years/160K - $3399 + tax

I am still trying to figure out where the deal is! ;)


Goose
 
#32 ·
dealers will never give you a good deal...the good deals come from the manufacturer rebates COMBINED with dealer haggling. even when you think you are getting a steal on a leftover model, nope, they are still making out like bandits.

the markup on vehicles isn't nearly the market up on furniture, which is most commonly 200%-300% . i found that out the hard way getting 2 back-to-back defective couches. one of them the frame was messed up, the other one 2 of the cushions were permanently collapsed. the couch was priced regular for $900, on sale for $699, then i haggled down to $604.