Niro EV - Warranty or not?

[Dave M]

We just picked up this vehicle last week after going back and forth for sometime on going EV. We love the car. Fun smooth comfortable. Really liking our decision and now time to learn the EV ropes.

Quick question to the forum. We were convinced (temporarily) to go with the extended warranty due to all the electronics and technology on the car. We have 90 days to back out which is why we agreed to write it into the deal. What have others done? It’s $2800 and we predict it will cover us through 7.5 years. My gut says cancel as these things are typically huge money makers. This is our first Kia and I never bought these in my Hondas. Thoughts?



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[David T in Silicon Valley]

I would back out. The UVO software and computer is deployed on MANY vehicles. (I think all Hyundais and Kias). I have been driving ICE Hyundai's and Kias on and off as rentals for years and never had a problem. You may be concerned with the powertrain...but that comes with a 10 year/100k warranty already where they will replace the battery if it drops below 70% original capacity or the motor or reduction gear if something goes wrong with that (and some have sadly had to use that part of the warranty). I suppose if you plan to drive over 100K before the 7.5 years is up that is worth something. Otherwise, I am not sure what you have covered that was not already. The charge management software?

 

[Dave M]

I would back out. The UVO software and computer is deployed on MANY vehicles. (I think all Hyundais and Kias). I have been driving ICE Hyundai's and Kias on and off as rentals for years and never had a problem. You may be concerned with the powertrain...but that comes with a 10 year/100k warranty already where they will replace the battery if it drops below 70% original capacity or the motor or reduction gear if something goes wrong with that (and some have sadly had to use that part of the warranty). I suppose if you plan to drive over 100K before the 7.5 years is up that is worth something. Otherwise, I am not sure what you have covered that was not already. The charge management software?

Thanks for your reply David.

It’s a bumper to bumper warranty extension, so all the other non-wearable items are covered. Brakes etc not.

I think we are on the same page here. I’d basically need 3 $1500 repairs to be required between 36000 and 100000 miles for it to more than break even.

 

[TandM]

We picked up the extended coverage and put it to use 10 days after purchase when I took road debris to the windshield and cracked it. The $850 for the windshield (not to mention labor/recalibration costs) were covered entirely. I am notorious from finding nails/screws/sharp items and picking them up in tires so I imagine it is a matter of time until that portion pays for itself as well (I haven't had road hazard coverage for tires yet that hasn't been used). For us it will likely be well worth the cost.

 

[RDA]

I got the extrnded warranty, new car, new design. Thought it was worth it but mine was $1200, 10 years, 100,000 miles. Covers entire car.

 

[Dave M]

We picked up the extended coverage and put it to use 10 days after purchase when I took road debris to the windshield and cracked it. The $850 for the windshield (not to mention labor/recalibration costs) were covered entirely. I am notorious from finding nails/screws/sharp items and picking them up in tires so I imagine it is a matter of time until that portion pays for itself as well (I haven't had road hazard coverage for tires yet that hasn't been used). For us it will likely be well worth the cost.

Mine does not cover glass tires etc


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[Dave M]

I got the extrnded warranty, new car, new design. Thought it was worth it but mine was $1200, 10 years, 100,000 miles. Covers entire car.

Looks like my gut was right. Too expensive. Think I’ll back out and buy one when the original warranty ends if we feel it’s necessary


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[ITown]

A company will only sell insurance that it will make money on, on average. Paying for that extended warranty means betting that you are the outlier who has more vehicle issues than the average person (after the built-in warranty expires). As David wrote above, the EV-specific components of the vehicle are covered by a 10 year warranty already (which is the only thing I'm particularly worried about). The dealership tried to sell it to me at $2000, then at $1800, then at $1500, before giving up.