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Old 11-03-2017, 03:44 PM   #1
einstem
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Default How much extra if I wait a year or two to purchase a "Gold" warranty

I just purchased a new Subaru Crosstrek and am looking to add a 6 Year/100K "Subaru Gold" warranty. I have found I can get it much cheaper by purchasing it from another Subaru dealer out of state then from the dealer where I bought the car, and it is still 100% valid.

However, I am trying to decide if I should buy it now when the car is new, or if I should wait a year or two..

Reason is that the car is covered by a 3 Year/36K mile new car warranty, so I am essentially buying something now I don't need for 36K miles.. which at about 12K average driving a year is almost 3 years..

I have "heard" that the price of the gold warranties "goes up" if you don't buy it when the car is new, but what I am trying to find out is by how much.

I have a great quote from Subaru Stamford for a 6 Year / 100K mile warranty with a $100 Deductible for around $950, which is much cheaper then my dealer was offering. But what if I wait a year, or two, or three.. How much more will it cost? If it only goes up a few percent a year, it is probably worth me just waiting and buying this in 2 to 3 years.. but if it goes up a lot each year (over 10% for example), then it is probably worth me locking-in the price now..

Any ideas?

Regards,

Michael
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Old 11-05-2017, 12:51 PM   #2
Dave D.
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Are you planning on modding the car? Would be a factor in your decision.
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Old 11-06-2017, 08:12 AM   #3
einstem
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Dave - No - no plans at all to "mod" the car. Michael
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Old 11-06-2017, 03:30 PM   #4
Sarcoughaguy
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Quote:
Originally Posted by einstem View Post
Dave - No - no plans at all to "mod" the car. Michael
I'm in the same boat as you. I decided to wait because i'm undecided on how soon I want to start modding my car. but the main reason I wanted to wait is because I was trying to do the gold 7 year/100k miles warranty and they quoted me at $2,750.

I know I can find it cheaper but I decided to wait because of the ridiculous price
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Old 11-07-2017, 07:23 AM   #5
einstem
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$2,750 for a 7 year/100K Gold Warranty on a Subaru is a totally crazy price...
That is essentially what a dealer will sell to someone at full, retail mark-up.
These contracts are incredibly over-priced with a huge mark-up. Many dealers make more money on these then the car sale. Their cost is probably close to 1/3 of that, and you should be able to negotiate it down to at least half that cost (yes - they are allowed to make "some money"). I looked at a 6 Year/100K Gold Warranty with a $100 deductible. The dealer's "price list" offer to me was about $2,300... and I negotiated them down to $1,200 as their "final offer".. But then I did an internet search I found some other Subaru Dealers that offered it to me for just under $1,000, and without any sales tax! Not sure what "deductible" level you are looking at, but I would think you should be able to find a 7 year/100K Gold Subaru Warranty in the $1,200 range if you shop around a bit or push your dealer real hard.

Michael
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Old 11-07-2017, 01:07 PM   #6
SpicyPeaNut
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I would highly recommend the SOA Gold Warranty. See what you can do about negotiating a lower total price.

SOA lagged in getting me my ordered car back in 2012 and as a show of good will gave the the Gold Warranty free of charge. I've had to use it a few times in the past 5.5 years.
1. Steering rack leaked and caused the pump to fail requiring replacement of rack & pump.
2. Leaking passenger side front transmission seal
3. Leaking oil seal driver side
4. Brake pedal sensor switch

Total ~$3,500 in fixes covered completely under the Gold Warranty

I would def get the Gold Warranty, maybe would even see if they have one that lasts more than 6 years.
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Old 11-07-2017, 06:19 PM   #7
Twisty mountain road
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I purchased the gold warranty when I purchased my WRX. Although I never used it, it was worth the $1K I bought it for as a just in case. One thing to note, the plan is starting coverage on the year of the car's original sale date. So in 3 years, your 6 year/100K coverage is automatically down to 3-years (or at least that is how it was explained to me when I bought my extended plan). Granted my car has a turbo and other expensive wearable items that made my decision much easier
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Old 11-14-2017, 05:53 PM   #8
RexyGirl
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Plan prices don't 'go up' , but they do vary depending on where purchased. In Florida, for example, every dealer has to sell the same policy for the same price. I've heard in other states, (by law), they are allowed their own markup from cost. In Florida, prices were just recently increased slightly, but prior they were the same for years.

Shop different dealers in different states. It doesn't matter where it's purchased, and as long as its a Subaru SAS plan, its valid at every US dealer. Waiting will probably not make the cost go down. As mentioned above, the warranty goes from the date you bought the car. Calculate how many miles you do a year and go from there. New plans were recently added and go up to 120,000 miles. (used to only be 100,000)

Also, if you decide to get rid of the car, you can either transfer it to another owner (with a small fee if you sell it yourself, not trade it in), or cancel it and get a partial refund depending on how much is left (whether you trade it in or sell it yourself)
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Old 11-15-2017, 11:36 AM   #9
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Prices are updated annually but it's minimal if anything, I wouldn't worry too much about waiting. Try contacting one of the many dealership vendors here for pricing! There is plenty of room for discounts, no need to pay the full retail.
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Old 11-21-2017, 09:58 PM   #10
Fb20impreza
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Bought my Impreza in 2013 new, I forget exactly what extended warranty I got. Gonna find out tomorrow...itís been a hell of a car these last few years
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Old 11-21-2017, 10:58 PM   #11
8moretogo
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Default Gold Extended Warranty

Reach out to Mastria Subaru. Great prices on the Gold Warranty.
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Old 11-22-2017, 02:46 PM   #12
Jack
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Mastria (Dave) will send you a listing for all the options for years/miles and $100/$50 and 0 deductibles.

You can buy the warranty so long as the car is still within the bumper to bumper 3/36. I had looked into it for our 13 Crosstrek while it was having its CVT replaced under warranty. Subaru came out with the additional coverage literally a week later, otherwise we'd have traded it in, not wanting to foot an $8k bill in the future.

I would also reach out to NASIOC vendors with that list in front of you. Chances are, they'll match the price. There are several Subaru dealers on the vendor list, including Annapolis, and it doesn't matter where the selling dealer is located....the warranty is valid at any Subaru dealer.

The vendor list (you have to scroll down to get to them) https://forums.nasioc.com/forums/showgroups.php
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Old 11-28-2017, 06:39 AM   #13
MyLongForeskin
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Was just wondering this, thanks guys.
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