I'd like to get the sense of the group on this, as my normal reaction is to say "no thanks". With the purchase of our Ioniq5, with 10 year battery/drivetrain warranty and 5 year bumper to bumper, we were offered for about $2600 an extension of the B2B to 10 years, i.e., another 5 years of coverage. This apparently would cover electrical issues (and I'm a child of Lucas electrical robust-ness (NOT!)), brakes (which may need replacing at some point even with regen), and a bunch more. While an owner hopefully can afford to get things fixed outside of powertrain & battery in years 6-10, is it likely that this cost would be in excess of the $2600 (and there's the cost of the money in years 0-5, as payment would be now)? Worth considering, a firm "yes", or a "no way"?
You must be so old (like me--Austin Healey 100, MGB, Mini-Moke) that even driving cars 10 years from now might be a question. That said, 5 years ago, I spent $1,200 for 12-year coverage on my Honda Clarity PHEV. When I learned just the infotainment head unit cost more than that, it made sense. However, I didn't pop for the $5K+ extended warranty for my MINI Cooper SE--I decided I'm willing to self-insure to avoid paying that price. Is your dealer the only source for Hyundai's extra warranty coverage? There are many alternative, low-cost sources for geunine Honda extended warranty coverage. Maybe that's true for Hyundai, too.
Any Hyundai dealer can sell the Hyundai extended bumper to bumper warranty package, that comes in 3 levels (Platinum is highest). $0 deductible between 5 and 10 years. They can compete on price. One source I found is selling it for $1600 - much less than what my dealer offered. Not sure I'm going to buy it but these non-battery or drive train components are dear...and on an ICE car last year I spent $500 on brakes, with this warranty covering brakes, shocks, etc. We'll see.
Hi. Any chance you could share name of dealer you found selling Extended bumper to bumper warrenty for $1600? and person to contact. Thank you
Just reviving an old thread: I just purchased my ioniq 5 a few days ago and was told by the dealership that I could wait for a while before purchasing an extended warranty. Apparently there's a certain threshold that can be reached so that you can purchase it at the best price? I think she mentioned 10,000 miles. Basically, my understanding was that it was best to wait for a little while and then purchase it.
