To warranty or not to warranty? - Renault Forums :: Independent Renault forum

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post #1 of 10 (permalink) Old 20th March 2011 Thread Starter
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To warranty or not to warranty?

...that is the question.

We're going to buy (approximately) a 2005-6 Espace Initiale 3.0 cDi Auto for around 5k privately. Probably around 50,000 miles.

Currently we have a Volvo XC70, and pay Warranty Direct around 330/yr for a full warranty. On a car now worth 7k that feels about right.

But when I priced a Renault warranty through them they wanted nearly 800/yr

I *assume* is is the fabled Renault reliability going into the mix. My question is - on a 5k car should we pocket it and pay out for repairs if they ar needed?

All thoughts welcome.

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post #2 of 10 (permalink) Old 20th March 2011
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Re: To warranty or not to warranty?

I know 800 is a lot of money,but I would still pay it and have the warranty.One claim for a gearbox or engine fault could amount to much more than the cost of the warranty.

I'd rather push my Alfa than drive a BMW....
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post #3 of 10 (permalink) Old 20th March 2011
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Re: To warranty or not to warranty?

Hi mate check out AA warranty i did 39 a mth and no hassle when you go to get it fixed!!As i did with warranty direct they tried everything in the book to wriggle out of a sat nav problem i had,it states everything fitted to motor when manufactured,mine sat nav is built in they tried there hardest not to pay i had them to insurance ombusman in the end,i wouldn't touch Warranty Direct with a long pole..
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post #4 of 10 (permalink) Old 20th March 2011
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Re: To warranty or not to warranty?

The 3.0 Dci Renault engine is not without it problems and repairs can be very expensive indeed.

Either get a darned good warranty or deeper pockets.
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post #5 of 10 (permalink) Old 20th March 2011 Thread Starter
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Re: To warranty or not to warranty?

Thanks - I guess I'm interested in the odds here.

Way I see it, you either pay 2,500 on a 5k car for 3 yrs cover, or pocket the 2,500 and cross fingers. Worst-case is it blows up and you write it off.

Assume we can afford to pay the extra 2,500 over the warranty cost to replace the car if it blows up every 3 years. Should you go into owning an Espace with the mindset that there's a 'Espace tax' that you might have to pay, but that's the price for getting a luxury, high-spec, very versatile MPV for a low price? (We think 5k for a car like an Espace with 50k on the clock is very cheap. The alternative was an XC90 at twice the price with less versatility).

On a 5k car, if there's a 50% of an engine going and effectively writing the car off within 3 yrs, then it makes sense to pay half its value to protect against the loss.

But I just can't believe that these engines fail so often though - that would be catastrophic for Renault.

Like in the OP, I can justify a warranty that costs 10% of the car's value, but 50%? Really?

Is there a realistic chance (like 1 in 10 or 1 in 5) that it will blow up? If you pick 5 Espace owners, how likely is it that one of them had to replace an engine/gearbox at a cost of over 2,500?
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Last edited by MikeStead; 20th March 2011 at 12:44 PM. Reason: more thinking.
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