Hi-Mileage - should I get new or extend warranty - Renault Forums :: Independent Renault forum

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post #1 of 3 (permalink) Old 4th September 2006 Thread Starter
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Hi-Mileage - should I get new or extend warranty

Work in London, live in Sandwich, round trip each day 150 miles.
Without going into the whys and wherefores and Ooher Missus etc of why I drive and dont work more locally or get the train.

Each year I drive 45k and my 05 plate espace now has just about 50k on it (and yes it has been brilliant).

The question is... "Should I;
A) sell it and get another one;
B) extend the Renault warranty (100k total or 4 yrs is 1,100.00) which will see me to the middle of 2007
C) keep the car, not get the warranty and hope for the best

Any suggestions, offers to by the car or sell me a new Espace gratefully received...
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post #2 of 3 (permalink) Old 4th September 2006
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1100 sounds a lot for the warranty! You will also have lost a few thousand in depreciation. Changing may cost a lot more, only to leave you in the same situation in 12months time.
An independant warranty, would be cheaper, although possibly not as comprehensive.
AA/RAC type breakdown cover I would say is a must for your mileage.

I would probably keep the car, take out an independant 12month warranty and keep the car, trading it in just before 100k or warranty expires.
That way you will have had a few more miles out of your car, it will be 12months older and if you trade before MOT time you won't have to worry about that expense as well. Also it wont have cost you as much, only the warranty cost, not the purchase cost.

Do you/have you considered leasing the car? That way you could incorporate a maintenance agreement in as well and change every 2 yrs knowing your exact costs? Knowing all repairs will be covered.

Currently in SportTourer's garage:
2010 Laguna III SportTourer Initiale Tom Tom.
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post #3 of 3 (permalink) Old 4th September 2006
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At those kind of mileages, I'd be tempted to keep it until the warranty runs out (probably just into the second year at this rate, as the third year is subject to a mileage limit - 60K I think.) At that point, I'd trade at a dealer for a low mileage 12 month old example and let some other mug take the depreciation hit. You'd just about get another 2 years out of that one and save yourself a small fortune, then you'd be able to do the same switch again.

Leasing might be a tempting option, but only if fully maintained. As an indicator, the best price I could get on the Lag II Initiale 1.9 dCi (22K list) fully maintained over 4 years with 100K overall mileage was 430 quid per month including VAT, but leasing prices seem to go up and down like a yo-yo.

As I understand it, leasing makes more sense for businesses because they can claim back 50% of the VAT on the rental element and 100% of the VAT on the service element. For those who can't claim back VAT, that's a fair bit extra to pay. It's probably still worth looking into though.
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extend , himileage , warranty

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