Hello! My aunt can no longer drive her 2003 Cad Escalade and has given it to me. She is the original owner and it has only 18,500 miles and is in perfect condition inside and out, and has been garaged. The SUV has been maintained with lubes and oil changes regularly, and in all those years only had a bad tail light. Amazing..huh? My question is as I will be driving it for at least the next five years, what is your advice as far as an extended warranty as I realize if anything should go wrong, the expense will be great. I also realize it might be more peace of mind.Also, what companies (probably third party)are reputable.Thoughts?Thank you, Ali
Extended warranties, by design, cost more than they are likely to pay out. That's how the company providing the warranty makes money. What you're doing is gambling that you'll be the in the small percentage that has a major failure that would cost more to repair than the cost of the warranty. You're betting that your car will be way worse than the average for its make/model.Extended warranties sometimes limit what's covered to major powertrain components only. Burn up a window or seat motor and that might not be covered. And anything that might be expected to wear out is generally not covered - brakes, clutch, etc.Price one out, but odds are very strong that putting that money aside will pay off for you in the long run.When I bought my last car, I paid $1400 for a 7 year extended warranty. When it expired, it had covered exactly 1 repair - an $80 part that I could have changed myself in under an hour. Just like Vegas the house almost always wins.
There is no reason a GMT900 platform vehicle should not give you 125K to 150K miles of trouble-free ownership with regular maintenance.The only thing that would be suspect as you rack up the miles is all the seals and plastic bits are 10 years old. Ten years in a garage is a good thing. Radiator hoses, CV boots and AC system seals would be suspect failure points. Nothing against GM products, I would have the same concern on a BMW, Lexus, etc. etc.Good thing the Escalade is AWD versus part-time 4WD. GMT900 from that era was notorious for 4WD engagement failures if they system wasn't cycled enough. It is right in the owner's manual on GM trucks of that era that you should engage the part-time 4WD system every 6 to 8 weeks for a few miles to circulate lubricants and move the gears around. Forget to do it and the system stops working right. You have AWD in the Escalade so that's a non-issue.The core mechanicals, switch gear, etc. etc. should give you no issues. The L76 under the hood is thirsty, but a beast of an engine!
Your current vehicle Mini Cooper is a POS - (Point of Sale) piece of junk but I guess you can not afford a decent vehicle.
Thanks for the thoughts...Ali
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