chrisneu

My 2014 Grand Cherokee Overland is nearing 100K miles and my extended service warranty will end. Extension for another 60K will cost around $7500 and 36K will not cost significantly less. In any case, I am not willing to spend that kind of money for it and trying to decide whether to keep the Jeep and hope for the best or to trade it in for a 2020 model and start with the financing all over again. I wanted to know, what other owners of WK2 experienced after 100K miles. Is there a high risk of a potential significant repair?

fb97xj1

Anything can happen to any vehicle at any mileage at any given time for any reason, so an extended warranty is tempting. Is the 2014 paid off? How reliable has it been? If all is well, keep it. You already had an extended warranty? Have you ever needed it? If not, save the $7500 youd be spending for yet another extended warranty and put it towards a 2020 if thats what you would rather have. For what its worth, my mom traded her 2014 GC in for the 2018 GC she has now, and while the 2014 only had 60k or so on it, it treated her well, with the only issues being recalls. Trade in was, IIRC, around $9-10k? It didnt look like she ever drove it. She traded it in to the same dealer that sold it to her, and buying her 2018 off his lot. Like the 2014 before it, it has treated her well. It only has 75k on it so far.

But i dont own a GC, so i dont know how they are once they hit 100k miles.

BlueRidgeMark

Extended warranties are strongly discouraged by every consumer advocate out there, because they rarely pay off.

On the other hand, running around in a financed car is also strongly discouraged, for the same reason.

If you can afford a $7500 extended warranty enough to even consider it, park 3 or 4 grand in a vehicle fund and add to it each month. If you need a major repair, dip into it. If not, use it to save up for a real bargain - a gently used new-to-you car.

Or, stay broke like most people. It's normal.

(It's not smart, but it's normal.)

Morat

Spend your 7.5k on a really nice XJ, Keep it clean and stock and avoid depreciation. I'm not saying it'll be worth more than 7.5k in 5 years time but it will lose significantly less than something newer.

chrisneu

It is understandable that anything can break at any moment at any age for any reason. But some things can have a tendency to break more than other things and that is what I am looking for to find out.

My Grand Cherokee is an Overland 4x4 with 5.7L engine and it is valued at around $20K right now. Overall, I would say that I had no issues with it and I am considering of getting a new Grand Cherokee. However, I did have to use my extended warranty in recent past for a few repairs that would have costed me thousands of dollars otherwise. Plus, they covered all my loaner rides while my vehicle was in repair. So - yes, it was worth it of having that coverage. For one - I had to replace the water pump at around 84K miles. A couple of thousand of miles later, it had to be replaced again. Then - the radiator at around 90K miles. And then - the engine mounts had to be replaced too. All that was basically wear-and-tear repair and not considered something that you wouldn't expect as the car is aging.

chrisneu

That would be nice. But after owning a $54K vehicle and similar in the past, it'll be very hard to downgrade to a $7K one. But I agree: I wish that I would not care about that type of comfort that much and spend the money on something else.

chrisneu

The discouragement is more about consumer electronics and I don't think that automobiles fall into that same category. My response to the previous post by fb97xj1 is more detailed about my own experience. As I just started to look around, I noticed that car manufacturers no longer offer the generosity in warranty offers as they used to in the past, which means that the extended coverage is now even more important than before.

Noah911

I don't know? Seven Thousand Five Hundred Dollars! This is a ton of money on 60,000 miles worth of a used vehicle warranty. If you could get nearly twenty grand for it? That is almost thirty thousand dollars to have for spending on another new vehicle when you include the cost of the warranty, to consider.. This is not really what you asked though is it?

Two, back-to-back water pumps are not really normally expected as usual wear and tear items on this low mileage. Motor mounts are also not usual wear and tear items you would expect at a little over fifty thousand miles either on any soundly built vehicle. Without including rental vehicle costs, because these things are not normal costs incurred when having repairs done.. This does not add up yet, if you know what I am saying?

Based off of those few things that were already having needed to be done on the Jeep at this low of mileage. If you were wanting to keep it, the warranty might end up being worth it should any of the other parts begin to prematurely wear out soon as well... since with those other items, it sounds like they were costing quite a large sum of money to have them be repaired by the dealer. If you do not do any of your own repair work, and you use the dealers... it is probably worth it then, from a certain perspective.

Noah911

I am not really qualified to comment on the WK2. I do not know much about them? Maybe, I am using the XJ, ZJ, and WJ models too much for my comparison factor? This is honestly probably not the most fair way of doing it, as they are not all mostly similar any more in the new Jeep lineup. 100,000 miles would not be a concern regarding the Jeep models with which I am familiar.

I suppose with what I know about most of the newer vehicles in general nowadays, having an extended warranty is probably somewhat of a wise choice...

BlueRidgeMark

Yes, they are in exactly the same category. Extended warranties rarely pay off. You would be far better off with that money in the bank.

But, if you've bought into the "debt is good!" mentality, you won't listen to anyone tell you otherwise.

00t444e

^^ This ^^ extended warrantys 95% of the time are waste of money on anything, vehicles included. Pay cash for your next vehicle, don't go into debt on a vehicle.

Noah911

For the record - I am in agreeance with the agreement of the last two posts. I recognize an absence of incompatibility between the things being mentioned.