Extended Warranty Plans? General Questions.
Just wondering about people's experiences with extended warranty - What Mitsubishi sells as the "diamond care plan" (though others have their own names). Is it just a warranty, or is it more like pre-paid repairs/repair insurance?
It seems to me a warranty is usually to cover manufacturer's defects - a defect being something like a part that fails prematurely, under normal use, because it wasn't made right. I don't think things wearing out are usually covered, nor are accidents/improper use.
My question then, is how could anyone say that after 5 years of use a part failing is a manufactures defect? If it is impossible to prove, would extended warranty cover it?
Here are some examples - Do you think extended warranty would/should cover these things (numbered for convenience):
1 CV joint snapped
2 Wheel bearing
3 Seat fabric tear
4 Radiator leak
5 Exhaust system rusted out
6 Seat heater switch broken
7 A/C needs recharging
8 Alternator not working
9 Power window motor
10 ABS/wheel speed sensors corrosion
11 Brake pads/shoes/discs/drums
12 Battery
13 Tires
If the Diamond care plan is insurance against repairs it would make sense to cover everything, maybe charging more for things like the last 3 as they will certainly wear. If it is actually just a warranty - well if it didn't break in 5 years it probably wasn't defective.
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