Extended warranty, yay or nay?

[karlos]

My car turns 3 next month and I've been wondering what's the latest consensus is on extended warranties.

From what I've seen and heard the Mk7 has proved to be pretty reliable with few reported catastrophic or expensive failures. On the other hand, there are still some potential for huge bills, DSGs still crap out occasionally, water pump issues haven't fully gone away and replacing a headlamp, turbo or infotainment head unit would be pretty expensive too.

FWIW VW have quoted me £187.95/yr for named component cover, £230.43 for all component. That's for a car with 19k on the clock, doing <10k miles/year with a £250 excess.

[Guzzle]

Obviously read the policy brochure first, as even the all component cover has some exclusions. But at less than £5 per week I would just get on with it. It wouldn't take a big issue to come up and cost more than that. I recall on my Mk5 a replacement bonnet catch was over £100 fitted.

[Al1040]

Hey Karlos, I was wondering exactly the same thing for my GTD as i'm in the same boat with original warranty running out next month.... spooky

[rjwojcik]

Def worth havign if you're thinking of selling privately, gives the buyer some piece of mind.

[Watts]

The voting options needs an undecided option

Given how awkward and obstinate VW can be with even obvious warranty claims, is going with them for an extended warranty a good idea?

[karlos]

The voting options needs an undecided option

Done 

[Guzzle]

Given how awkward and obstinate VW can be with even obvious warranty claims, is going with them for an extended warranty a good idea?

Reading the policy wording, it doesn't look like there's any such thing as an obvious warranty claim. Wriggle room everywhere you look. But having said that, I expect most aftermarket warranties will be similar. The important thing is to avoid any gaps between coverage.

[SRGTD]

VW’s extended warranty seems to be quite popular over on VWROC.com with R owners. I can’t recall reading over on that forum of any instances where a legitimate claim has been declined.

These extended warranty products are effectively an insurance product providing cover for sudden and unforeseen electrical and mechanical failure, and as with all insurance products, there’ll be exclusions. As @Guzzle says, read the policy booklet so you know what the extent of the cover is and what’s excluded. Anyone with a modified car would need to look elsewhere for cover though as VW’s product excludes cars modified from VW’s specification (presumably the factory spec). Interesting to see on VW’s website that the warranty is underwritten by Volkswagen Versicherung AG and not a third party insurer.

If I was considering buying an extended warranty, given the choice of a third party warranty from the likes of Warrantywise or Warranty Direct or VW’s own product, I’d go for the VW product.

[Sootchucker]

My GTI turns 3 early next year, and coincidentally I was thinking about extended warranties just the other day. Did you approach VW for a quote or did they write to you ?

[Guzzle]

You can ask for a quote on VW's website

https://insurewithvolkswagen.co.uk/extended-warranty