Extended Warranty on CPO 2014 Legacy Ltd

After 148K miles on my 05 Subaru Legacy 2.5i and some lobbying on my fiance's part I have decided to get a new car! Since I'm one of the most loyal people out there and also a creature of habit I decided to go with a 2014 Subaru Legacy Limited!

 

I really wanted a 3.6, but wanted something top of the line. Found a 2.5i with 16K miles and this thing is in MINT CONDITION...barely driven during the lease period! It was listed at almost $18,000...went in test drove it, looked at a couple different cars, they wouldn't negotiate...a week later the price dropped to $16,000 and I jumped on it. So now I have my money down and i'm just going back and forth with finance on interest rates and extended warranty price.

 

The car is certified pre-owned with 3.5 years or 100k miles left on the power train warranty. Now they are offering me gold wrap coverage for $1490 which is an exclusionary warranty that includes most items. I offered him $1200, but he won't budge on that price.

 

I'm buying a car based on its reliability...I bought an extended warranty on my 05 Legacy and really never used it. Given the fact that the car has 16k Miles on it and the warranty will run out in June 2021, do you feel like its worth it to purchase the extended warranty for an additional $1500?

 

Things to note:

I don't drive fast or reckless

I don't do my own engine work or know much about it

I do live in the NY Metropolitan area

I typically drive about 15k miles / year

& I do drive the car year-round

 

Any feedback would be helpful! Spend the money or take the gamble?

 

First, make sure all the recalls are done on it, I assume they are as it is certified preowned. Second, no, don't bother with the wrap coverage, especially if you are able to do simple repairs yourself. And that is why this community is here, to help you with that stuff. Visit the 5th Gen model specific section, we have a fantastic group of guys there that are very knowledgeable and helpful. Plus there are many members in your area if you need a hand. Take the warranty coverage it has and save your money.

 

Congrats! And welcome to the best car forum you'll ever find!

Thanks GTeaser!

 

I believe all recalls have to be done in order to sell it as a CPO! No to the wrap coverage...that's kind of what I want to hear. Simple repairs...like what?

 

I have been a Subaru owner since 2008 and have read the forums many times, but finally decided to post and become a member today! Happy I decided to!

 

Any known issues with the 2014 Subaru Legacy? My boy used to work for a local Subaru parts department, so he would always tell me what I need to worry about on the horizon...timing belts, etc. He's working at Honda now tho...

 

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By small repairs I mean any small little thing that might need fixing on any car over its lifetime.