The car has about 39k miles. I plan to keep the car for 4+ years. I drove ~7k miles in the last year, and that’s probably representative of the annual mileage going forward.
I recently had the transmission replaced under warranty due to faulty differential bearings. That is a common issue for the 2013 model year. Thankfully it occurred before the end of the warranty period, and so the replacement was done at no cost to me. I don’t anticipate any more trouble from the transmission.
The component that I worry about for the future is the battery. It has certainly lost some capacity, which is a bummer, but not a big deal. But if it were to fail, this would presumably be a very costly repair.
Below is the quote for various mileage and term lengths. For example, I could purchase “Premium Care” coverage to 2027 and 114k miles for $1443. That seems like a pretty reasonable amount as an insurance policy against some large repair in the next 6 years.
I wouldn't plan to use this for minor repairs. It would only be for something major.
What do you think? Would you purchase this? If yes, which level would you purchase given my plan to own the car for 4-6 years?
$200 Deductible Plans
Code: Select all
Term
months/miles Coverage Through Premium Care Extra Care Base Care Powertrain Care
End Year End Miles
24 / 12,000 2023 2 51,000 2 $743 $658 $623 $588
24 / 18,000 2023 2 57,000 2 $738 $638 $613 $588
24 / 24,000 2023 2 63,000 2 $733 $648 $608 $588
24 / 36,000 2023 2 75,000 2 $768 $673 $613 $608
36 / 24,000 2024 2 63,000 2 $733 $683 $643 $618
36 / 36,000 2024 2 75,000 2 $798 $688 $638 $628
36 / 48,000 2024 2 87,000 2 $883 $758 $678 $663
36 / 60,000 2024 2 99,000 2 $1038 $903 $768 $753
48 / 36,000 2025 2 75,000 2 $858 $733 $678 $668
48 / 48,000 2025 2 87,000 2 $918 $788 $713 $693
48 / 60,000 2025 2 99,000 2 $1093 $933 $803 $783
48 / 75,000 2025 2 114,000 2 $1248 $1068 $838 $923
60 / 48,000 2026 2 87,000 2 $998 $828 $738 $713
60 / 60,000 2026 2 99,000 2 $1143 $953 $848 $808
60 / 75,000 2026 2 114,000 2 $1313 $1098 $878 $893
72 / 60,000 2027 2 99,000 2 $1258 $1023 n/a n/a
72 / 75,000 2027 2 114,000 2 $1443 $1183 n/a n/a
2 End Year is calculated from the contract purchase date. End Miles is calculated from the current mileage on the vehicle's odometer. Coverage begins on the contract purchase date and expires at the expiration date or the expiration odometer mileage, whichever comes first.