Extended Warranty?

My Gen4 will be 3 years old on the 15 Jan 2022. I have just received a letter from Suzuki offering an extended warranty, they do 3 levels of cover:
Comprehensive = £242.87 p/a
Select = £210.06 p/a
Basic = £177.23 p/a

 

Any thoughts from people, is it worth it, is it a waste of money?

All thoughts/experience welcome.

I would read the small print before you decide.

For example what exactly don't they cover?

They say engine, then specifically list injectors, what about the other sensors on the "engine" etc.
I like that the turbo and sunroof motor are covered 

Seriously ask to see a definite list of items that are covered / not covered. If they can't provide one then expect an argument when you try to claim, they will try to wriggle out if they can. No list is a big red flag to me, reason enough to walk away.

It could be worth it, but based on the reliability of the G3 probably not. Any new parts 100% specific to the G4? These are the unknowns, shared parts are tried and tested on the G3.

Just some ideas so you can decide.

Generally they are a money maker for the seller, they aren't expecting any problem so why should you? Alternatively put £250 in the bank each year, if it goes wrong use this cash to fix it. I will soon mount up.
 

Thanks Scimike, some good pointers there. I presume the warranty list is generic Suzuki so probably covers the Kei Car version with the 600cc turbo? You would think they would tailor the list for each market.

I had thought I could just bank the money every month and not really notice it, so that could be a good option.

Just remembered something else.

After the manufacturers warranty expires some extended warranties are provided by the dealer, they use third party insurance companies to provide the service. So this warranty may have nothing to do with Suzuki UK, it's another thing to check in the small print.

If that's the case you can get the same from companies such as warranty wise etc, this may give you the same at a cheaper cost.

Me - I put the cash in the bank and have a small fortune now ready for any eventualities, but early days you do run the risk of not having enough in the pot.

Good luck
Mike
 

This is another way to try and convince you that your motor will fall to bits just after the warranty runs out.

DO NOT BE DECEIVED.

Suzuki produce a well thought out and well built motor that will outlast the warranty by many years

Anyway, a careful analysis of the small print will generally find an escape route for the cold hearted pencil pushers at head office. Save your loot and find a better use for it later on.

You know it makes sense.

Scrooge ( Bah humbug ).

Generally, any insurance should cost the cost of the average risk plus some fee.

As a result, if financially, legally, … possible, it is always cheaper to not insure anything as long as you are in an average or below average risk group and/or you have the chance to repair at or below the cost that the insurer expects. And consequently Roger´s: “Save you loot and find a better use for it later on.” because the Jimny is a good car and also this forum helps to reduce repair cost.

For cars it is also possible, that an additional insurance is a kind of “bait” so that you also go to the dealer for service etc. so it could be that if you anyhow plan to make your services at Suzuki the Suzuki insurance is cheaper.