Late last year, I purchased a 2016 CPO Base RDX. The In-Service Date is 6-16-2015. The manufacturer's basic warranty is up 6-16-19 (4 years/ 50,000 miles basic, 6 years 70,000-mile powertrain), but since the CPO adds 1 year or 12,000 miles to the basic manufacturer's warranty, the RDX is under warranty until 6-16-20 or 62,000 miles. Because it is a CPO, the warranty on the powertrain is good through 6-16-22 or 100,000 miles. Currently, I have 41,500 miles on the vehicle and being I put on approximately 8,000 miles per year, the basic warranty will run out with time (6-16-20) instead of miles (62,000) and the powertrain 6-16-22, instead of 100,000 miles.
In the past few days, I have called a few Acura dealerships to discuss an extended warranty. One dealership offered an extended warranty from Zurich Insurance. The other from JM&A Group. Neither one offered an Acura Care Service Contract (I have no idea why other than the dealerships probably make less profit). Since both extended warranties were similar, I will address only one, from Zurich Insurance.
The assumption is the purchase of the warranty in June 2020. It is a 6-year or 100,000-mile warranty; from 6-16-2020 to 6-16-2026. While I have not read all the details, the warranty seems to cover the same things as the Acura new car warranty (I'm sure in the fine print it excludes things!). There are no deductibles. The cost for the 100,000-mile warranty is $3,233. BUT, let's say I have 50,000 miles on my RDX come June 2020 when theoretically I would purchase the extended warranty. It is really a 50,000-mile warranty because the coverage is up to 100,000 miles in total. Since I put on only about 8,000 miles per year, 2026 most likely would come first.
This is my thinking. My main concern is the cost of repairs for the powertrain. With my CPO, I have a basic warranty through 6-16-20 (or 62,000 miles) and a powertrain warranty through 6-16-22 (or 100,000 miles). If I purchase the Zurich warranty, I get 6 years of time (or 100,000 miles) at a cost of $3,233. However, I am only getting 4 years on the powertrain, my main concern, because my CPO covers the powertrain up to 6-16-22 (or 100,000 miles). Even if the Zurich extended warranty mirrors Acura's manufacturer's warranty, and I doubt it does, $3,233 seems like a lot of money for what amounts to a 6-year basic warranty and a 4-year powertrain warranty.
Interestingly, the cost for this warranty is $3,233 regardless if the RDX is a Base, has the Technology Package or the Advance Package, even though the cost of repairs on the electronics is more on the latter two. I gather if Zurich Insurance can get Base RDX owners to subsidize the cost of warranty repairs for Advance RDX owners, why not. More the reason it seems this warranty is not a value. I have a year to make a decision and the dealer does not expect much of a price change.
I would appreciate your thoughts on extended warranties in general and this one specifically.
Thanks!
Anovice
In the past few days, I have called a few Acura dealerships to discuss an extended warranty. One dealership offered an extended warranty from Zurich Insurance. The other from JM&A Group. Neither one offered an Acura Care Service Contract (I have no idea why other than the dealerships probably make less profit). Since both extended warranties were similar, I will address only one, from Zurich Insurance.
The assumption is the purchase of the warranty in June 2020. It is a 6-year or 100,000-mile warranty; from 6-16-2020 to 6-16-2026. While I have not read all the details, the warranty seems to cover the same things as the Acura new car warranty (I'm sure in the fine print it excludes things!). There are no deductibles. The cost for the 100,000-mile warranty is $3,233. BUT, let's say I have 50,000 miles on my RDX come June 2020 when theoretically I would purchase the extended warranty. It is really a 50,000-mile warranty because the coverage is up to 100,000 miles in total. Since I put on only about 8,000 miles per year, 2026 most likely would come first.
This is my thinking. My main concern is the cost of repairs for the powertrain. With my CPO, I have a basic warranty through 6-16-20 (or 62,000 miles) and a powertrain warranty through 6-16-22 (or 100,000 miles). If I purchase the Zurich warranty, I get 6 years of time (or 100,000 miles) at a cost of $3,233. However, I am only getting 4 years on the powertrain, my main concern, because my CPO covers the powertrain up to 6-16-22 (or 100,000 miles). Even if the Zurich extended warranty mirrors Acura's manufacturer's warranty, and I doubt it does, $3,233 seems like a lot of money for what amounts to a 6-year basic warranty and a 4-year powertrain warranty.
Interestingly, the cost for this warranty is $3,233 regardless if the RDX is a Base, has the Technology Package or the Advance Package, even though the cost of repairs on the electronics is more on the latter two. I gather if Zurich Insurance can get Base RDX owners to subsidize the cost of warranty repairs for Advance RDX owners, why not. More the reason it seems this warranty is not a value. I have a year to make a decision and the dealer does not expect much of a price change.
I would appreciate your thoughts on extended warranties in general and this one specifically.
Thanks!
Anovice