Should I take out an Extended Warranty?
Discussion
My EV next month will be 3 years old.
A two year extended warranty from the manufacturer is coming up at £1450 but is an insurance policy rather than a straightforward warranty.
I plan to keep the vehicle for at least two years.
It is my daily vehicle but I do have a spare.
I'm interested to hear from those EV owners with vehicles over 3 years old. What have you done? Thanks.
Not interested in any discussions about the battery pack since that is a separate heap of pain.
A two year extended warranty from the manufacturer is coming up at £1450 but is an insurance policy rather than a straightforward warranty.
I plan to keep the vehicle for at least two years.
It is my daily vehicle but I do have a spare.
I'm interested to hear from those EV owners with vehicles over 3 years old. What have you done? Thanks.
Not interested in any discussions about the battery pack since that is a separate heap of pain.
Sounds rather a lot TBH as the battery etc is covered anyway?
Not a lot else to go wrong!
According to the UK Battery Certificate for the EQA/EQB models (BEV high-voltage battery) the warranty period is 8 years or up to 100,000 miles (?160,000 km), whichever comes first.
The certificate also states that the battery must maintain at least 70% of its rated capacity during that period (for the UK EQA/EQB warranty)
Not a lot else to go wrong!
According to the UK Battery Certificate for the EQA/EQB models (BEV high-voltage battery) the warranty period is 8 years or up to 100,000 miles (?160,000 km), whichever comes first.
The certificate also states that the battery must maintain at least 70% of its rated capacity during that period (for the UK EQA/EQB warranty)
The battery and motor are probably still covered, most have 8 years.
For the rest of the car, that sounds a bit pricey. I’ll be in that position soon on a bmw and I have options, one of which is paying the first £x of any claim and that reduces the premium quite substantially and that’s what I’ll be doing. I only really worry about big ticket items failing, anything under say a grand at bmw I’ll just self insure and you can often find an independent garage can do it much cheaper.
For the rest of the car, that sounds a bit pricey. I’ll be in that position soon on a bmw and I have options, one of which is paying the first £x of any claim and that reduces the premium quite substantially and that’s what I’ll be doing. I only really worry about big ticket items failing, anything under say a grand at bmw I’ll just self insure and you can often find an independent garage can do it much cheaper.
Sounds expensive. I've just taken an extended warranty from BMW on my iX and it's £447 for 12 months including roadside assistance.
It's quite useful to have this, imho.
"For electric and hybrid vehicles specifically, Comprehensive Component Cover will also cover, up to the maximum claim limit, the following components (but not limited to); inverter, electric coolant pump, control units, wiring harness, safety box and radiator."
It's quite useful to have this, imho.
"For electric and hybrid vehicles specifically, Comprehensive Component Cover will also cover, up to the maximum claim limit, the following components (but not limited to); inverter, electric coolant pump, control units, wiring harness, safety box and radiator."
Bought a 3 year old eTron from an independent back in April and immediately took out the approved extended warranty at a similar cost to what you've benn quoted.
Not had any issues yet but worth it for peace of mind as far as I am concerned. Doesn't take much to go wrong with a modern car for you to end up with a considerable bill.
Not had any issues yet but worth it for peace of mind as far as I am concerned. Doesn't take much to go wrong with a modern car for you to end up with a considerable bill.
Our 8 year old EV has been out of warranty for 4 years now. Replaced a few suspension parts but thats it. Really not much to go wrong, so makes it really hard financially to move onto something newer.
The traction battery will be the biggest cost, but at 95k miles there is probably still at least 50k+ of life in it. I'm wondering if it'll last long enough to see solid state batteries actually hit production sometime in the next 5 years. Oh the car also lives of LTE for phone app, ICE and sat nav, when LTE gets turned off it will essentially need hotspoting constantly to the phone to keep it alive.
Than sadly I might have bought my 'last' car, a solid state EV worth a brand new range of say 500 miles at 70mph in winter would probably never get to a point where I would need to consider replacing it due to battery segregation.
The traction battery will be the biggest cost, but at 95k miles there is probably still at least 50k+ of life in it. I'm wondering if it'll last long enough to see solid state batteries actually hit production sometime in the next 5 years. Oh the car also lives of LTE for phone app, ICE and sat nav, when LTE gets turned off it will essentially need hotspoting constantly to the phone to keep it alive.
Than sadly I might have bought my 'last' car, a solid state EV worth a brand new range of say 500 miles at 70mph in winter would probably never get to a point where I would need to consider replacing it due to battery segregation.
Edited by gangzoom on Saturday 1st November 07:10
I bought an approved used ID3 which came with 2 years warranty which I extended by a year. Little bits have gone wrong n the 18 months ive had it which I could have probably lived with if out of warranty and a few other bits have gone wrong caused by OTA updates which would've been fixed for free anyway. The peace of mind thing is hard to quantify but for me exactly why I bought it. Components are expensive and VW charge £180 to diagnose before any fix, regardless of problems, this is of course covered by the warranty if the problem is covered. I think all in I must be verging on near £1000 of repairs in 18 months. Marc warranty does seem pricey however. VW is around £450 a year but imagine Merc parts are more pricey
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