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-   -   Tesla Model ≡ Thread (http://forums.carmudgeons.com/showthread.php?t=121553)

JST 10-29-2018 12:37 PM
Quote:
Originally Posted by rumatt (Post 540515)
One thing that worries me about the Tesla is the idea that repairs could be crazy expensive if something goes horribly wrong out of warranty.

When adding the car to my Geico policy they offered me an extended warranty.
(they call it "Mechanical Breakdown Insurance"). It's only for new vehicles.
The terms are
  • It's 7 years 100K miles (so 3 extra years and 50K extra miles above factory warranty.
  • It costs $2.66 per month (so $12/year) :eek:
  • It has a $250 deductible, but (supposedly) covers anything that goes wrong on the car other than maintenance and wear items.

I took the deal. Hopefully I won't need it, but if I do they will actually pay up.

Um, yeah. That seems like a no-brainer.

dan 10-29-2018 12:50 PM
Quote:
Originally Posted by rumatt (Post 540515)
It costs $2.66 per month (so $12/year)
:?

clyde 10-29-2018 12:52 PM
Quote:
Originally Posted by dan (Post 540518)
:?
:+1

dan 10-29-2018 12:54 PM
:scratch:

clyde 10-29-2018 12:56 PM
Quote:
Originally Posted by dan (Post 540520)
:scratch:
It's okay. I think rumatt is a math guy. Or something.

rumatt 10-29-2018 12:58 PM
:lol:

I'm usually within a factor of 2.

equ 10-29-2018 12:58 PM
From what I can tell, all the massive options $5k for Enhanced Autopilot and the $5k for the Pilot 4S/brakes etc upgrade (which may become free) are actually material to your enjoyment of the car.

Josh (PA) 10-29-2018 01:38 PM
Quote:
Originally Posted by rumatt (Post 540522)
:lol:

I'm usually within a factor of 2.
except for this time. :) You're within a factor of 2.66

And more seriously, I assume you start paying that $2.66 / month now and the warranty isn't transferrable to a new owner? If you get rid of the car, does the charge stop, or are you on the hook for $2.66/month for the 7 years? Regardless for $230 it is a total no-brainer. Sweet find. I'm just trying to figure how the Insurance company is making money on this. My assumption is most of their clients don't keep the car long enough to get use out of it.

clyde 10-29-2018 03:18 PM
Quote:
Originally Posted by Josh (PA) (Post 540528)
except for this time. :) You're within a factor of 2.66

And more seriously, I assume you start paying that $2.66 / month now and the warranty isn't transferrable to a new owner? If you get rid of the car, does the charge stop, or are you on the hook for $2.66/month for the 7 years? Regardless for $230 it is a total no-brainer. Sweet find. I'm just trying to figure how the Insurance company is making money on this. My assumption is most of their clients don't keep the car long enough to get use out of it.
Details on coverage would also be interesting. We've had a few threads in the past on extended service contracts (which we all usually call "warranties", but they're really not).

Even so, echo all the comments along the lines of "for that little money, why not?"

dan 10-29-2018 03:20 PM
https://www.geico.com/auto-insurance...own-insurance/

https://www.geico.com/claims/claimsp...akdown-claims/


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