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Extended Factory Warranties: Volvo vs. 3rd Party Companies? 850 1996

Klaus,

I am three years plus into driving this car as I approach 50K and so far is has been very good. I am crossing my fingers and knocking on my wooden desk as I say that because I do not want to tempt fate. In my opinion, I find this Volvo to be very beautiful and elegant car and I normally don't describe a car, let alone a Volvo that way. I call it a "rolling cathedral". Between the Nappa leather, the real wood inlays and the Orrfors crystal, it is an attractive car. It is wonderfully quiet and just glides along the road. That said, I am deathly afraid of how much it will cost if any of the "bells and whistles" on this car go south after the warranty expires. Recently I had an ERAD replaced on the rear passenger side wheel. ERAD stands for "Electrical Rear Axle Drive". It was covered by the factory warranty, but the cost including the part and labor was $4,000.

A car like the XC90 T8 Inscription Plug-In Hybrid is a beautiful car, but in my opinion the only way to manage the cost of ownership after the expiration of the factory warranty is through an extended warranty. The Platinum Warranty I am looking at will extend coverage 5 years and 60K miles. Ideally I would like to put a 150,000 miles on this car before retiring it. If I recall correctly the battery core which powers the electric motors is warrantied to I think 8 years and 150K miles.

I wish I could think of owning this car for 20 years like my two 850 wagons, but I don't think that is realistic. Gee, 20 years from now, I will be lucky if I still have the physical ability to drive a car. I guess I will be saying "Thank God" for self-driving cars.

Hugh






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New Extended Factory Warranties: Volvo vs. 3rd Party Companies? [850][1996]
posted by  Hugh  on Thu Nov 14 09:57 CST 2019 >


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