[RobFuhr]

My wife and I are closing on a 2023 Kia Niro EX Touring later today, The dealer is offering an extra warranty for the 5 year and 60,000 to be 10 year and 100,000 for $2499 , the question is it worth the money for the extra coverage.

 

[SDeemer]

The dealer and insurance company are gambling they will win this bet. I'm skeptical that you would come out ahead. If you decide to go this route, read the fine print carefully. Usually a dealer's showroom is not good place to do this.

I (possibly foolishly) opted for 60-month, no deductible "ding insurance" when we bought our Niro. It covers things like dents in doors from parking lots, scraped alloy wheel repair, etc. Since my wife tends to run into stationary objects, and neither of us is getting any younger, I figured why not.

Two weeks ago, a car in a parking lot grazed the left front corner. I didn't notice it until the following day, when I saw a scuff on the black plastic around the wheel well. I buffed out the scuff with auto polish, but noticed that the plastic was moving around. Getting down to ground level, I saw that the lower plastic in front of the wheel had detached. I called to file a claim, and learned that my claim was denied because ding coverage does NOT include plastic trim of any sort. Given the amount of plastic on all four sides of a 2023 vehicle, this is a big oversight.

A firm push snapped the piece of plastic back into place.

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[Denman]

My wife and I are closing on a 2023 Kia Niro EX Touring later today, The dealer is offering an extra warranty for the 5 year and 60,000 to be 10 year and 100,000 for $2499 , the question is it worth the money for the extra coverage.

I never bother getting these add-on coverages. The Kia warranty is more than acceptable in my opinion and if I had bought extra coverages over the years I would have been able to buy a new car with just those funds!

 

[FlNiro]

My wife and I are closing on a 2023 Kia Niro EX Touring later today, The dealer is offering an extra warranty for the 5 year and 60,000 to be 10 year and 100,000 for $2499 , the question is it worth the money for the extra coverage.

If that's for bumper to bumper it's not too bad a price. Lot's of people po-po the extended warranty but last year my A/C went out. Would have cost me $1400 but my extended warranty that I paid $1500 for covered it so it cost me 0.

 

[Robert F]

I think it depends how you drive. Several cars ago I got breakdown insurance add on with my car insurance. It payed off. It was three miles to work, the car only reached operating temperature as I was pulling into the parking lot at work. There were about ten traffic lights or stop signs in that three miles and the speed limit never got above 25 MPH. I had to replace power steering pumps, AC compressors, water pumps, computers, head gaskets, clutches and many other things. I even wore out the lock on the door and had to have it replaced. Waiting at the traffic lights racked up the engine hours but not the miles. I don't think I ever got into high gear on the way to work.
The repair bills were about half of what I would have had to pay without insurance. Some of the repairs were covered with a hidden warranty extension which my local repair shop didn't know about, and I would have had to pay for the repair.

 

[BigCrispy2a]

My wife and I are closing on a 2023 Kia Niro EX Touring later today, The dealer is offering an extra warranty for the 5 year and 60,000 to be 10 year and 100,000 for $2499 , the question is it worth the money for the extra coverage.

Hard to say, but whatever you do. Negotiate the price on everything, just ask the question is that the best you can do? Look for extended warranties online, there's tons of places that will sell you the same thing for cheaper, do not let the F&I person sell you more junk than you want or need.

Highly suggest watching some videos on youtube about the scams that go on in the F&I office of a dealership. I recently bought an Ex Touring and walked out of the office with an extended warranty for about $600. So just know they can flex on the price, and you don't have to buy everything on the menu they show you.

Take a look at Car Edge for some great resources.

 

[FlNiro]

Best is to get a brand warranty though then the dealer can process it very easy. I always got my warranties from Troy at Geenfield Toyota. Even when I switched from Toyota to Kia he still could sell me a Kia warranty. And he sells them for a lot less. He goes for volume.