Is The Hyundai Warranty Worth It?

Has Hyundai fixed their engine problems?

Yes, for engine repairs needed due to connecting rod bearing damage, Hyundai has extended the warranty to 10 years and 120,000 miles (up from 100,000 miles) for original and subsequent owners of model year 2011-19 Sonatas, 2013-18 Santa Fe Sports and 2019 Santa Fes, 2014-15 and 2018-19 Tucsons and 2019 Velosters..

What is the dealer markup on extended warranty?

“A fair profit margin for dealers is between $200 and $500 over their cost,” Weintraub said. Here’s another tip: When they’re selling extended warranties with new cars, dealers often talk about the overall monthly payment for the deal, not the cost of the warranty itself.

Why extended warranties are a waste of money?

Well, the worst thing about an extended warranty is that it is overpriced. In fact, about half of what you pay goes to the salesperson’s commission. So a lot of the money you hand over doesn’t even go toward the purpose of the warranty, which is to pay for things that go wrong with the car over the contract period.

What does 5 year 60000 mile warranty mean?

Most of us know the new-car basic warranty, often referred to as the “bumper-to-bumper warranty,” is designed to protect the owner against any factory defects during the first few years of ownership. … You’ll only get a five-year, 60,000-mile warranty dating from when the vehicle was first sold.

Is Hyundai extended warranty worth it?

If your goal in buying the Hyundai extended warranty is to actually save money, this plan is likely to be your best bet. It covers repair costs of things like the replacement of powertrain components you may not have the skills or experience to handle yourself.

Can you negotiate extended car warranty?

In most cases, customers should be able to cancel the extended warranty if the car is sold, crashed or stolen. The warranty is transferable to a new owner, providing the seller an opportunity to negotiate a slightly higher price with the buyer or make their car stand out from the crowd.

Why are Hyundai engines failing?

A failed connecting rod can pierce the engine block and cause oil leaks that can cause fires. So far Hyundai and Kia have recalled about 2.4 million vehicles to fix problems that can cause fires and engine failures since 2015.

Can you buy extended warranty from Hyundai?

Hyundai Extended Protection Replacement car while your vehicle is being repaired ($35 per day, up to $175 per visit). Hyundai Extended Protection is transferable to the next private owner, enhancing the resale value.

What does Hyundai protection plan cover?

The Hyundai Protection Plan Vehicle Service Contract (VSC) builds upon the Hyundai industry-leading 10-year powertrain warranty. In addition to more protection, you’ll enjoy peace of mind with comprehensive protection for mechanical repairs, parts, labor and Roadside Assistance for up to 10 years or 100,000 miles.

Does Hyundai still have 100 000 warranty cover?

10-Year / 100,000-Mile Covers repair or replacement of powertrain components (i.e., selected engine and transmission/transaxle components), originally manufactured or installed by Hyundai that are defective in material or factory workmanship, under normal use and maintenance.

How much does a Hyundai extended warranty cost?

It is determined by your vehicle and the plan you choose. According to extended warranty provider Endurance, on average, an extended car warranty will cost you between $350 and $750 per year. If you want to get a price on a Hyundai extended warranty, you’ll need to contact your dealer directly.

How much does it cost to service a Hyundai?

Owners of cars such as the Hyundai i20 and Hyundai Accent (petrol) will pay just $189 for a yearly or 15,000km service for the first 50,000km or 40 months, whichever comes first. New buyers of the Korean brand’s popular i30 will pay $219 for the petrol or $289 for the diesel to service their vehicle.

What vehicle has the best warranty?

The Best Warranty ProvidersBest New Car Warranty Overall: Hyundai.Best Car Warranty Value: Kia.Best Long-Term Car Warranty: Volkswagen.Best Luxury Car Warranty: Jaguar.Best EV Car Warranty: Nissan.

How long is Hyundai bumper to bumper warranty?

5 Year Unlimited Km Warranty. We are so confident in the technology, materials and workmanship that go into every new Hyundai, that each new Hyundai passenger vehicle (including the iMax) is backed by Australia’s first 5 year unlimited kilometre warranty. Genuine Parts & Accessories Warranty.

Do Hyundai cars last long?

The short answer is that they are very reliable. There is very little question about Hyundai’s dependability and this is backed up by reports dating back several years. Looking at past reports for Hyundai reliability, it’s hard to find a negative word said about the brand or the vehicles that it produces.

Do Hyundai cars hold their value?

Hyundai’s resale value is best described as middle of the road; not the worst, but nothing to write home about either. The Hyundai Tuscon does finish above average at 5 and 7 years, and the Elantra is slightly ahead at year 7 as well.

What is a fair price for an extended car warranty?

Extended warranties can range from around $500 to $2,000, depending on several factors. There is no universal pricing scheme that manufacturers and third-party providers follow to set the rates of extended warranties. The cost varies from provider to provider, and it can even depend on the vehicle itself.

How much do car dealers make on extended warranties?

On a manufacturer backed ‘Certified’ warranty, the dealers may make a few hundred dollars. For some 3rd party warranties, the commission can be 50% of the retail price of the warranty! You don’t need to be an actuary to figure out the potential for problems here. Between $1–3,000.

Does Hyundai warranty cover second owner?

If a vehicle is sold within the coverage period of its 10-Year/100,000-mile limited powertrain warranty coverage, the subsequent owner will receive the majority of the same protections for up to 5-years or 60,000 miles, whichever comes first.

How reliable are Hyundai’s?

Hyundai scored a 95.7% on the 2019 WhatCar reliability survey and is again ranked as a top 10 most-reliable global automaker.

What is not covered by Hyundai warranty?

Though Hyundai offers generous coverage, its warranty exclusions are standard as far as factory warranties are concerned. Hyundai’s warranty does not cover: Regular maintenance (oil changes, cleaning, polishing, etc.) Regular maintenance items (wiper blades, brake pads, etc.)