How to Decide if Purchasing a Tesla Extended Warranty Is Right for You
When it comes to purchasing an extended warranty for your Tesla S/X, there are a few things to consider. First and foremost, you should weigh the cost of the extended warranty against the potential repair costs that could arise after the expiration of your current warranty. For example, if you were quoted $5600 for an extended warranty covering 50K miles or 4 years, whichever comes first, and you are only expecting to drive 3 more years, then this may not be a good investment for you.
Second, you should research other third-party companies offering extended warranties for Teslas. Companies like XCare offer slightly better prices than Tesla and more options that can cover more time/miles. However, keep in mind that these policies still have deductibles and excluded items.
Finally, you may want to set aside some money in case any additional repairs come up down the road. Chances are that you won't need to spend all of it, but it's always good to be prepared. Don't forget that the drive train has a separate warranty from the rest of the car.
Overall, whether or not you decide to purchase an extended warranty is ultimately up to you. It is important to do your research and make sure that you understand exactly what is covered by each policy before making a decision.If you are still unsure, it may be a good idea to speak with your Tesla service advisor. They can provide more information about the extended warranty and help you decide if it is right for you.
It's also important to remember that warranties do not cover normal wear and tear items such as tires, brakes, or windshield wipers. If these parts need replacing during the time of your warranty coverage, they will have to be paid out-of-pocket by yourself.
Finally, make sure that all maintenance services are performed on schedule according to Tesla's recommendations in order for any repairs covered under the warranty policy to remain valid. This includes oil changes every 10K miles or 12 months (whichever comes first) as well as other recommended services like tire rotations and brake inspections at regular intervals throughout ownership of your vehicle.
In conclusion, purchasing an extended warranty can give peace of mind knowing that certain repairs will be taken care of without having to pay out-of-pocket expenses down the road; however there are many factors involved when making this decision so make sure you understand exactly what is included before signing up for one!
What kind of problems have we had with our Model S?
We have had to replace both headlights, three trunk/lift assemblies, and six door handle replacements. The main high voltage battery recently failed at 49,000 miles.
Is the warranty that came with our new purchase still valid?
Yes, our warranty will expire in about two months.
Should we purchase the extended warranty offered by Tesla?
It depends on your driving habits and how much you are willing to spend. The extended warranty is for 50K miles or 4 years whichever comes first, and it costs $5600. You may want to consider other options such as XCare which has slightly better prices than Tesla and more options that could cover more time/miles.
What should we do if we don't purchase the extended warranty?
You can set aside $5600 in your bank account to cover any additional repairs. Chances are that you won't spend it all.
Does the extended warranty cover the drive train?
No, the drive train has a different warranty. The extended warranty covers the battery and all other parts of the car except for the drive train.
What happens if we don't purchase the extended warranty?
If you don't purchase the extended warranty, then you will be responsible for any repairs that are needed after the original warranty expires. You may want to consider purchasing a third-party warranty to cover any additional repairs that may be needed.
What kind of coverage does a third-party warranty provide?
Third-party warranties typically provide coverage for mechanical breakdowns, parts, labor, and even roadside assistance. They usually have different levels of coverage so you can choose what best fits your needs.
Are there any other options besides an extended warranty or a third-party warranty?
Yes, you can also look into getting an extended maintenance plan. This plan covers regular maintenance such as oil changes, tire rotations, and brake inspections. It also includes some minor repairs such as replacing wiper blades and light bulbs.
How much does an extended maintenance plan cost?
An extended maintenance plan typically costs around $1000-$1500 depending on the level of coverage you choose. It is a great way to save money on regular maintenance and minor repairs.