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Lets talk extended warranty

11K views 27 replies 10 participants last post by  Crucianpilot  
#1 ·
As I head down the path to a purchase of a 570s Spider I am reading about reliability. As I read it, the McLarens in general seem to have a reputation of lower reliability (urban legend?). I understand tha the forums tend to concentrate reports of problems. Having said that I still think an extended warranty is a good idea. I have one on my Ferrari which will be going in next week for a very expensive DTC repair.

1. Are all extended warranties issued by McLaren only after thay perform a 96 point inspection?

2. Are there 3rd party extended warranties for these cars? If so, does anyone have first hand experience with them?

3. As I read up on this, it sounds like McLaren requires that THEY do all of the regular annual service for the warranty to remain in effect. Is this correct?

4. How much are people paying for a McLaren extended warrany? What about 3rd party coverage if any?

Thanks

Steve
 
#3 ·
there is lots and lots of information on warranty within the forum.
I would do a warranty through Mclaren if your qualifies for the first year, and see how it goes. At some point you have to evaluate your risk vs. protection.
Ive never had a warranty on my 675 and have paid less over time then having paid for a warranty.
 
#4 ·
1. Buy a certified McLaren they then give a 12 month warranty and would have checked the car beforehand then when the warranty runs out you can just renew no more checks , if cars under 5 years old when you renew then it’s cheaper put a 2year extended warranty on it as once it hits 5 years then it’s a lot more ( we’ll over in uk it’s how it works )
2. Yes but really McLaren dealers work better with there own as they would sort all the yes or no and paperwork so you don’t have to do a thing i doubt there’s much difference in price (if you can afford a McLaren then you should be able afford the warranty at least for peace of mind )
3. Again if it’s been fully maintained by a McLaren dealer why take it anywhere else for what you’d save you’d probably loose in the end as most want the main dealer stamps and helps with resale they only need to do the service required tho any other consumables then your ok getting that done yourself
4.ÂŁ5000 ($6200) in uk for 2 year extended saving around ÂŁ400 by going for a 1 year at a time . Third parties would be ÂŁ1000 cheaper over 2 years over here but that never crossed my mind to go that route .
For the peace of mind it’s a must
 
#5 ·
I have a third-party warranty on my 675LT. Haven't had to use it yet so not sure how well they handle claims, but I tried to cover all my bases and make sure I was good in the areas where they could potentially deny a claim.

The first price they gave me was a little over $10k for 3 years of coverage. I called a second company and got a lower offer. I then played them against each other for a few rounds and eventually settled at 3 years/36,000 miles for $5900.

Most people will tell you the McLaren warranty is the way to go, and they're probably right. I've used third party companies for home and auto in the past though, and, while they can be difficult to work with, I've gotten paid out every time.
 
#8 ·
If the coverage is good, that's a really great price. Do they cover the entire labor charge at a McLaren dealer?
They cover everything minus the deductible ($100) at the shop of your choosing as long as they're a certified shop. I'm fortunate that I can take it to my normal independent shop or the McLaren dealer which are both close by.

Here's the summary version of the coverage:

Your Plan Includes:

ENGINE

TRANSMISSION

DRIVE AXLE(S)‌

ELECTRICAL‌

COOLING‌

BRAKES

TRIP INTERRUPTION‌

DEAD BATTERY‌

OUT OF GAS‌

PARTS & LABOR‌

TOWING‌

LOCKSMITH‌

RENTAL CAR‌

24 HOUR ROADSIDE ASSISTANCE‌

AWD / 4X4‌

STEERING (MANUAL OR POWER)‌

HEATING / AIR CONDITIONING‌

FUEL SYSTEM‌

ANTI-LOCK BRAKES (ABS)‌

HI-TECH ELECTRONICS‌

TURBO / SUPERCHARGER‌

FRONT & REAR SUSPENSION


hlowe
Jeez that sounds like a heck of a deal. Are the McLaren vs 3rd party coverages equivalent? invisiblewaves question is a crucial one as Mclaren labor rates are likely very high compared to indy shops. What 3rd party company did you settle on??
Steve
I can't say exactly how equivalent they are since I haven't had both and I've never made a claim. On paper, they look the same to me. One benefit of the third party is that you can cancel any time and get a pro-rated refund. You do have to have the plan for 30 days and drive the car 1000 miles before the coverage kicks in (to prevent people buying a policy on an already broken car). You can cancel in the first 30 days for free though.

I imagine the process is much smoother with the McLaren warranty, but I decided I was comfortable taking a bit of a risk and dealing with more friction for the cost savings.

The company I went with is Total Auto Protect. I pestered the guy with a ton of questions and he did a good job answering everything and made me feel like I could call him any time if I needed something.
 
#9 ·
They cover everything minus the deductible ($100) at the shop of your choosing as long as they're a certified shop. I'm fortunate that I can take it to my normal independent shop or the McLaren dealer which are both close by.

Here's the summary version of the coverage:

Your Plan Includes:

ENGINE

TRANSMISSION

DRIVE AXLE(S)‌

ELECTRICAL‌

COOLING‌

BRAKES

TRIP INTERRUPTION‌

DEAD BATTERY‌

OUT OF GAS‌

PARTS & LABOR‌

TOWING‌

LOCKSMITH‌

RENTAL CAR‌

24 HOUR ROADSIDE ASSISTANCE‌

AWD / 4X4‌

STEERING (MANUAL OR POWER)‌

HEATING / AIR CONDITIONING‌

FUEL SYSTEM‌

ANTI-LOCK BRAKES (ABS)‌

HI-TECH ELECTRONICS‌

TURBO / SUPERCHARGER‌

FRONT & REAR SUSPENSION




I can't say exactly how equivalent they are since I haven't had both and I've never made a claim. On paper, they look the same to me. One benefit of the third party is that you can cancel any time and get a pro-rated refund. You do have to have the plan for 30 days and drive the car 1000 miles before the coverage kicks in (to prevent people buying a policy on an already broken car). You can cancel in the first 30 days for free though.

I imagine the process is much smoother with the McLaren warranty, but I decided I was comfortable taking a bit of a risk and dealing with more friction for the cost savings.

The company I went with is Total Auto Protect. I pestered the guy with a ton of questions and he did a good job answering everything and made me feel like I could call him any time if I needed something.
Do you know if they cover accumulators? That’s a very common question around here.
 
#11 ·
Anthony D:
The last line in the coverage list above would seem to indicate that they would. But they might look at the accumulators like shock absorbers as wear items. The list is a little short on details...for example do they cover engine/transmission oil
leaks? I suspect not.

Steve
I was pleasantly surprised to find that the McLaren extended warranty does cover oil leaks.
 
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