I'll of had my car now three years next month, it's a V10 plus with about 9500 miles on now. I always store the car through the worst of the UKs winter months and never any track action in the summer. Using a link mailed to me by audi and following the steps they are quoting what I believe to be a pretty steep £3000 for comprehensive with £100 excess.
I plan on keeping the car long term and being brave enough to tackle most maintenance/failure jobs, would the extended warranty be a waste of money? Is the V10 a strong enough bet to pass on the warranty and keep £3000 in the pocket as a good buffer for IF something goes wrong?
I would try the link again in a few days - I had a problem before where the renewal was more than double expected if you use the link more than ~28 days before the current warranty expires - and typically Audi send it out 30 days before.
At that price its very hard to justify, IMO, spending that every years for the next 3 years. Overall, I think the cars are fairly robust and as you know your own car and what its been subjected to better than anybody, that reduces the risk a bit. I renewed my V8 warranty twice but the premium was ~£1050 from memory - I was not the first owner and I felt more comfortable renewing the warranty for a reasonable premium.
As I say, try the link again in a few days and you may see a price drop.
In my experience, £3,000 for an extended warranty seems rather steep especially for the age of the car. I looked at an "everything mechanical covered" quote for my 2008 v8 and it was around £1,600.
I'd be surprised if there wasn't a dealer premium in that price too.
It's good to hear that others think it's overly priced also. I maybe should have mentioned though that the car is an S-tronic with Ceramic brakes. I'll do as you mentioned Steve and try again in a few days, but I'm wondering now if it's possibly the ceramic brakes pushing the premium sky high?
I'd be far more comfortable with it in the £1000 range like yourselves.
I'm sure I got a 'selective' renewed last year where I could just warrant the engine and gearbox, I think it was around £800 for just the major bits, however the supplying dealer managed to put someone else's warranty with my reg into my folder, so I got an extra year anyway, free
If I recall correctly from my RS4, you can vary the voluntary excess to reduce the premium cost? My V10 plus is 3 years old next January and I hadn't planned on extended warranty costing this type of money! Especially after 2 years of ownership not having a 1 single warranty issue. Having had many German cars over the past 15 years or so, not having done work under warranty is bit of a novilty
I have a 2013 V10 Plus and renewed my warranty last March (the 31st) for £1080 (All component, £250 excess, under 10,000 miles).
Obviously I'm a couple of months out from needing to renew... but the Audi website is currently showing £2326 if I were to renew now; Hopefully what steve9 said is correct and it will drop nearer the time.
Thanks for the input guys, I think I'll definitely sit tight for now. There's noway I could stomach that sort of outlay for an extended warranty. I'll try it again in a week or two, or may even pop into my local dealer for a chat.
For the guys who have been quoted £2000+ online on the Audi Extended Warranty website, I suggest giving them a call. I can't be certain of this but I think if you extend an existing extended warranty or a factory warranty, then the quotes should be around £1000, but if you do not have a current Audi Extended warranty or factory warranty, the quotes for the first year are £2,000+. The confusion appears to originate from the online tool which in some cases does not seem to recognise that you are renewing an existing warranty; I had this problem twice though it resolved itself within 28 days prior to the existing warranty expiry.
Not much point giving them a call anymore, I did that two weeks ago and was told there is no bargaining, all quotes and choices are 'on line', basically take it or leave it.
I'm not too bothered about the smaller items going as I am pretty handy, I'm more concerned about the very small chance of a huge engine failure.
There are basically 6 choices now, complete cover with one of three excesses, or named components with three excesses, the main difference between the two is named component covers just about everything on the car but only covers the 'sudden failure' and no consequential damage, so if your flywheel fails and wipes the clutch out they will only pay for the flywheel.
Also note that the policy is no longer transferable, I spoke to the local Audi centre and asked how they get on with 3rd party insurance companies, she said Warranty Direct can be hard work as the system is computer based so sometimes throws the claim out and its hard work talking to someone, others need their claims engineer to inspect the car before repair.
I read through some of the 3rd party conditions, they will for instance not pay for 'existing faults'.................................I could see that one haunting me if a mag ride shock started leaking and the thought of................''In our opinion the shock was leaking prior to the warranty being taken out'', so I stayed with Audi
I just had a quick look on the Audi website for the extended warranty and the named component cover came back at £1200 for the year. Its quite tempting for the peace of mind, but I am a bit concerned the the named component cover could be their way of worming out of a claim, but saying its not covered under that policy. It does say things like engine, gearbox, clutch, brakes and some others. Basically the things that you'd be concerned about if they let go.
Has anybody used this rather than the all component cover?
Marc, IIRC the Named Component policy states something along the lines of it will NOT cover 'Consequential failure', and they define Consequential failure' as:
"Means the failure of any part which has directly resulted
from the sudden failure of a covered component, except
where this subsequent failure has arisen from an excluded
cause or has occurred to batteries, bodywork, brake
frictional materials, bulbs, carpets, clutch frictional
material, glass, trim, tyres, upholstery, wheels or wipers."
So if the water expansion tank split and you fried the engine because of the failure of that tank, is the engine covered under Named Component or not??
For £100 a month it may well be worth it. I just wonder how they decide when something should be covered. If say the clutch was to go. What part is covered as surely its a consumable part.
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