Here is the story. I purchased my G coupe back in march of 2003. I have been very happy with the car, except for a few minor service issues, so I have decided to keep it.Besides it only has 21,0000 miles on the odometer. I recieved a letter from my dealer in January fo this year about specials on Infinitis Elite extended warrenty program. So I called the sales manager and purchased a Infiniti Elite 3 years 36,000 mile warrenty to extend the standard 4 year 60,0000 mile warrenty. This all cost me about $1100. I recieved the Infiniti service agreement today which states my warrenty now ends january 2009 or 57,000 miles, which ever comes first . I called the sales manager and am told that the extended warrenty starts the day you purchase it and is not added onto the end of you standard warrenty. So basically it looks like I paid $1100 for 3k less miles or 22 months more service . What is I had bought the warrenty when the car was new, my 4 years 60,000 mile warrenty would have been reduced to 3 years 36,000 miles .Im i just incredibly stupid, wait dont answer that, or am I getting ripped.

 

Sounds about right. Think a little... you're averaging 7K miles a year, so your warranty would expire March 2007 with approx 28,000 miles on the odometer. The extended warranty expires Jan 2009 or 57,000 miles, do the math... for your $$$, you get 2 more years and approx 29,000 more miles. It might have been better if you had waited another year to purchase... but typically extended warranties are more expensive when there's higher mileage on the car.

 

you can call infiniti and cancel the warranty which you do not need they will have you fill out a couple of forms and you may cancel they will issue you a check how many on the g now???

 

i bought an extended warranty on a chevy i once owned and they added the extension onto the manufacturers warranty. it basically added on 2 years and the additional mileage was put on whatever i had at the end of the manufacturers warranty. sounds like they just threw on there coverage to whatever u had at this moment. that's the dumbest thing i ever heard. why would u overlap one warranty over the other? sounds like a nice scam they got going on there. hmmm... i hope i read your post right, i'm assuming u still have some manufacturer warranty left over.

 

Better go read your contract again.

 

I know it is not for everyone's budget and requires a strong will. I learn from years of getting ripped off by insurance companies, I no longer purchase extended warranty on cars. Instead, I find out what the premium of the extended warranty is, then put the same amount in a money market account (which usually has a higher yield than a passbook savings). I let the money sits there to collect interests. If I need to use the money, it is there. And if I never have to use it, the money will roll to the next car. It takes the initial "investment", and it is pretty brainless once you have it set up. Even after paying Uncle Sam on the earned interests, I still come out ahead. And the feeling is priceless knowing I am not making an insurance company richer.

 

Well I called Infiniti customer service and they confirmed all Infiniti extended warrenties purchased after you purchase your car start from the day you purchase the warrenty. So, I in effect paid $1100 to decrease the milage on my warrenty by 3000 miles and only recieve 20 months more service which ever comes first.Thankfully I have 60 Days to cancel the extended warrenty. Hope this help someone else not get ripped

 

Hmmm I bought a 5yr/ 50,0000 mile infiniti elite plan when i bought my car in oct, 2005.

My warranty is good until 2010 or 68,000 miles I believe if not more.


ninja edit:

Also my car had 18,500 miles on it when I bought it

 

I do know you can get credited for the warranty when you sell the car.


I will check my receipts later when I get home!!!


I'm surprised you didn't see that in the contract when you signed it.

 

I did this over the phone. I signed no contract. On the contract that was mailed to me later it says phone conversation on the signature line. I was able to get a full refund because it has been less than 60 days.

 

i would ask the rep to give you their corporate address where to send the claim. write your complaint and reason why you want the refund (include all reference numbers).

im sure they will send you back a check.

 

gotcha, glad things worked out well

 

The extended warranty is not through the insurance company....

It's through infiniti.
and how much interest can you possibly earn on 2000 dollars in 2 years..??

 

If you put your 2000 dollars on 24 month CD with Annual Percentage Yield of 5.285% - compounding daily you will make $216.97 at maturity. I don't think anybody would give me that much money for doing nothing

 

The catch here is the 24 month CD. If I needed the money for warranty purposes during those 24 months (which is the original intent), I would not make that $216.97 that you talk about. The other fact is that I would also have to pay interest income on that $216.97 so it would actually be less.

It's always a good idea to save money and let it make interest when possible, but sometimes you just gotta spend, imo. Just my $0.02 worth.