Too many dealers

It is only justified if the cost of repairs exceeds the cost of the
insurance (it is sold like insurance, a service contract pays for actual
services). Considering the typical cost of the policy is about $1200, you
need at least one large or two medium expenses to be covered. The total
expenses of my last four cars combined would not have made that amount in
the first 100,000 miles. As the car gets older and more miles, the cost of
the policy goes up making it even less attractive.

If it makes you warm and fuzzy feeling, by all means, buy it. If you are
practical and have $500 in the bank to cover repairs, it is a money loser.
As I said, a few people may make out on the deal, but most do not. That is
how the insurance companies make money.

 

It's no designed to help the insured.

So what is your point?

I did see you went from "life insurance" to "simple life insurance."

Jeff

 

Right, which means that the insurance company expects to spend less than
75% of the insurance contract cost in payments. Which means that, on
average, right off the bat, the purchaser of the insurance contract is
out 25%. Of course, the insurance company expects to make money on the
deal, so the expected payout is less, which indicates that the extended
service plans (the insurance) is not that valuable, on average.

Jeff

 

More accurately, that wouldn't be covered another another manufacturer
program, like a recall.

More accurately, if you are practical and will have $750 in the bank at
the end of regular warranty or a credit card with a low APR, it's a
money loser, assuming you don't sell the vehicle first and it doesn't
get destroyed.

 

really ? wait till you pull that dash or pay the repair bill

 

ed what kind of cars to you drive???

 

Yep - I've read thru the procedure in the FSM a couple of times, and
I've been into certain areas of the dash already for other things, so I
know what to expect. I realize it won't be fun at all, but I also
shudder to think of the problems a careless tech could leave behind and
the endless loop of trying to get the problems fixed until I give up and
re-do it myself (in which case, I might as well do it myself to begin
with). BTDT.

Bill Putney
(To reply by e-mail, replace the last letter of the alphabet in my
address with the letter 'x')

 

Buicks and an 07 Hyundai Sonata. My '91 Regal had one potentially costly
repair under warranty. Out of warranty, a water pump at 80k, a gas tank at
110,000. .I traded it last September with 150,000 miles and it still had
the original exhaust. Of course, normal maintenance like brakes and a set of
rotors at some point.

My '97 leSabre was back to the shop only once for a warranty repair (wiper
motor) and when I traded it at 97,000 miles the only repairs at that point
was brakes, serpentine belt. My '01 LeSabre has needed a few things but
still not al that much $$$. The rear window lifts, but I did not replace
them, a wheel bearing, front rotors were are few hundred. Needed tranny
work, but that was far out of regular or extended warranty time. At 110,000
I put in new plugs, wires and a coil. I expect to keep that car for another
5 years or more. Hyundai only has 17,000 miles and has not been back to the
dealer for anything so far.

Anything mechanical eventually will wear out and need repair. You have to
be financially prepared and aware of that. If you save just a few bucks,
say $20 a month, you can cover most costly repairs when they do come up.
If you drive 15,000 miles a year, after 4 years you will have no serious
repairs not covered and $1000 in the bank. You may or may not ever need
that, making it available for other uses. The other choice is to pay that
$20 a month more in your car payment for an extended warranty and have paid
out $1000 that you will never see again even if you never need a repair.
Willing to take the risk and self insure?

In my case, I put 25,000 miles a year so the warranty runs out after 4
years. At about that time the car is replaced and it becomes my wife's car
and gets <2000 miles year.

 

wait till that hyundi timing belt breaks and the valves bend since it is a
interference motor they won't warranty that

 

What belt? Mine has a chain. The 3.3 engine is quite nice from what I've
seen so far.

Keep up man, the world is passing you by. Hyundai has come a very long way
from the rust buckets of 1986.

 

In support, yes you can save a lot of money with DIY.. I am now pulling the
evaporator
core out of my 97 Dodge full sized van. I read the procedure in the cheapo
Chilton and
also in AllData. But there is more to it than that. It doesnt just "angle
out of the
engine compartment".
Now I will start taking off crap until I get it out. No telling how far that
will have to go.
Still, I dont need the van much,and it can sit there until I am good and
finished.

 

Oye! Where to start? First off, Edwin's Hyundai does not have a timing
belt - it has a timing chain. Next, if it did have a belt and the belt
broke within the recommended change interval, Hyundai most certainly would
apply whatever warranty was in force at the time.

 

Yes, I did. I wanted to separate all the gobbledegook insurance tullprat
from the simple insurance situation.

An annuity MAY pay you back your capital and more, and may not.
In the latest AARP, it warns retirees against variable annuities.

The insurance companies WILL make money. We have both already
accepted that.

 

i was referring to the four cylinder engine

 

yep seen that before, then the innards of the ac system become a victim of
moisture
and result in other failures

 

a timing belt on a hyundi is a maintance item to be done at 60 k and it will
break at about 70k and it will bend valves and the dealer will tell you flat out
you failed to properly maintain you vehicle by not changing it so the engine
work is not covered
thats what i keep hearing from people coming into the shop at work at

 

Even the new 4 cylinders are getting away from the belt. As I said, get
with the times. A year ago I laughed at people buying Hyundai, then I took
a look. I was astonished at how far they've come and ended up buying one.
Two weeks ago I went to lunch with a fellow that owns a Sebring, Camry,
Corvette. After riding in my Sonata, he's heading out to the Hyundai dealer
also.

 

That sound reasonable. There is a reason you should change the belt, change
the oil, and do regular maintenance. Ignoring it is similar to ignoring any
rules, you pay in the end, often dearly. Just like crossing the street on a
red light, you may make it, you may get run over, but you have been told the
right way to cross at some point.

As an owner of an expensive item, reading the manual and following the
instructions is always a good idea.

 

It's worth checking into things instead of just listening to people. Yes -
Hyundai will tell you to pound salt if your timing belt breaks at 70K - but
that's because the owner's manual very clearly requires it to be changed at
60K. Nothing wrong with that. That's not what you posted below though.
They don't regularly break at 70K either. They've been known to regularly
go over 100K. Regardless, this is not unique to Hyundai. Every
manufacturer with an interference engine had the same requirements. That
said - many if not all of Hyundai's engines use chains now instead of belts.

--

-Mike-

 

buy american the job you save just might be your own
in my book buying asian is right up there with treason regardless of who makes
a better product.i bet you won't support the troops either!
i can't wait till you have to pay those repairs and see how many folks won't
touch them and the ones that do charge accordingly