Mitsubishi Extended Warranty Examined (2021)

Purchasing an extended warranty from Mitsubishi is one option to protect your car after your factory warranty expires. However, because plans are administered by third-party providers instead of the manufacturer itself, some might say it may be better to opt for an independent warranty company of your choosing.
.
Read on to see the ins and outs of the Mitsubishi extended warranty as well as the coverage plans’ costs and additional perks.
.

What’s Covered Under the Mitsubishi Extended Warranty?

The Mitsubishi extended warranty is called the Diamond Care Protection Plan. It comes in two varieties and lasts up to 7 years or 160,000 kms, whichever comes first. However, Mitsubishi’s warranty is actually administered by third-party companies rather than the manufacturer itself.
Since some dealerships often add a markup to the extended warranties they sell, it may be best to work directly with a third-party provider, rather than go through Mitsubishi. Usually, manufacturers’ extended warranties are administered through the dealership, like Group 1 Mitsubishi, guaranteeing authentic parts and factory-trained technicians. In Mitsubishi’s case, the third-party administrator may not provide these services.
Mitsubishi coverage plans include multiple deductible options.
.

Additional Perks of a Mitsubishi Extended Warranty

The Mitsubishi extended warranty comes with a few extras, including:
.
  • 24-hour roadside assistance
  • Trip interruption benefits
  • Car rental benefits
  • A claim-free reward benefit
Some perks may vary based on the coverage plan you choose, so make sure you read your Mitsubishi contract carefully.
.



.

What’s Not Included in the Mitsubishi Extended Warranty?

While Mitsubishi does not clearly outline its coverage exclusions, there are a few parts and scenarios that almost no extended car warranties cover, including:
.
  • Accident or collision damage
  • Routine maintenance services
  • Wear-and-tear parts
  • Environmental damage
  • Cosmetic damages like glass and paint chips
You may also want to ask the Mitsubishi dealership if your extended car warranty is cancelable or transferable to subsequent owners since it’s not mentioned in the vehicle service contract details available online.
.



.

How Much Does a Mitsubishi Warranty Cost?

The cost of a Mitsubishi extended warranty depends on a few factors, including your deductible, vehicle type, coverage level and contract length. Below, we explain how each factor affects your coverage plan price.
.
  • Deductible: Usually, a lower deductible leads to a higher overall coverage cost. We’ve seen extended warranty contracts increase anywhere from R1500 to $R4500 based on the deductible you choose.
  • Vehicle make, model and age: Luxury, high-mileage, older and less reliable cars tend to be more expensive to cover.
  • Coverage level: Comprehensive, exclusionary coverage plans are usually more costly.
  • Contract length: Long contracts tend to cost more than short contracts.
When getting a quote for a Mitsubishi extended warranty, take these factors into account. You may be able to get a better price if you choose a higher deductible or shorter contract.
.



.

Do You Need Mitsubishi Extended Warranty Coverage?

The Mitsubishi extended warranty is an optional program that guarantees to pay for any covered repairs or replacements of defective parts or workmanship after the original factory warranty expires.
The Mitsubishi warranty that comes with new vehicles already offers a 5-year/100,000-km bumper-to-bumper limited warranty and a 10-year/160,000-km powertrain limited warranty, one of the longest powertrain coverage plans in the industry. With that in mind, extended auto warranty coverage for a Mitsubishi may not be needed, especially considering that Mitsubishi’s Diamond Care Plan can only extend your bumper-to-bumper coverage for an additional 2 years/65,000 km.
Purchasing an extended warranty can save drivers thousands of dollars on costly repairs, but cost-effectiveness varies from person to person depending on how comfortable you are paying repair costs out of pocket. On average, Mitsubishi repair costs total $535 per year, according to RepairPal.
.
Fortunately, Mitsubishi is a reliable car brand. It earned a 4.0 out of 5.0 reliability rating from RepairPal, placing it sixth out of 32 ranked car brands. This score comes from Mitsubishi’s low number of average repair shop visits – drivers only need 0.2 repairs per year – and its lower-than-average 12% chance of needing a severe repair. A severe repair is defined as a repair that costs over three times the average annual repair cost for all models, or more than R28 936,22, according to RepairPal.
.

Benefits of a Third-Party Warranty

Manufacturers’ warranties are not the only option for additional coverage, especially in the case of Mitsubishi. Third-party providers are another route to consider. Since Mitsubishi already offers its extended warranty through third parties, you could skip the middleman and dealership markups by choosing your own reputable extended car warranty company.
While manufacturer extended warranties offer brand-specific contracts, third-party providers have their own benefits, including:
.
  • There are more than two coverage plans to choose from.
  • You can take your car to thousands of independent facilities and dealerships.
  • Contract lengths far exceed 160,000 km.
  • You can purchase coverage at any time.

.
.
.
Article from: https://www.thedetroitbureau.com