My wife just bought an Ioniq 5 with 20k miles. It still has 2+ years on the factory warranty and the battery is warrantied until 100k.
I didn’t realize that she had purchased an 8 year/100k bumper to bumper warranty for $3,500. That seems crazy expensive and redundant to me.
I can still get a refund if I hurry.
We have never had an ICE vehicle this would have paid off on. However this is our first EV. Are there any unusual things that might break that I’m not aware of? The sales guy just kept mentioning sensors and electronics, which seemed like a classic scare tactic.
I used to sell those warranties. They are worthless, just extra income for the dealer, extra commission for the salesman. I used to split the full price 50/50 with the dealership. In seven years selling them, we had one claim, which would have been a legitimate claim anyway without the warranty. An apprentice forgot to put an air filter in.
BEV’s worry dealers, because they can’t make much on service costs anymore which is where they make most profit so spurious warranty sales will be a part of clawback for them.
Personally, I would get your money back.