Out of Warranty without extended...what's your experience

[Adampaul619]

Hello! Proud owner of R1S launch edition that is now at 62k miles and unfortunately out of warranty.
This makes me extremely nervous given the high repair costs.
Curious to hear experiences folks have had with their vehicles when out of warranty... Settle my nerves, or convince me to offload... I'm cool with either option!
(Also have R2S in production, so may swap for that).

Thanks All

Sponsored

 

[Beanejar]

Well… see my post this morning…. :/

We truly love the vehicle - favorite of all time. Reality is harsh, though. Have at least one friend dropping out of their launch edition and Rivian. Another considering it as 60k draws nearer.

https://www.rivianforums.com/forum/...-claim-for-water-corrosion.63354/post-1087199

 

[Dave Cundiff]

We figure that buying a warranty would give us more certainty, but more paperwork and more upfront expense.

Because we could afford a major repair, we're keeping the R1S even though the bumper-to-bumper warranty expired 1800 miles ago. Even though repairs can be expensive, replacing the R1S would be expensive.

"So far, so good!" Remember, though, that's what the guy said as he fell past the tenth floor.....

Best to all!

 

[kyunam]

I share the same anxiety - R1S LE 63k miles, but I decided to keep going. Yeah, it's expensive to repair, but current car prices are crazy too. I just remind myself: "You got this under $80k—you stole it!" Knowing what a new Quad costs, I'd rather keep this one and repair it if or when needed. Plus, I absolutely love this car with the green interior!

 

[JacobAZ]

My perspective is it depends upon the person, the car, and financial situation. Remember, extended warranties are high profit margin. The insurance company pays out a lot less than they take in. So, if financially I can handle a major repair, and vehicle has been pretty reliable, then no extended warranty and I keep the vehicle. But if I am risk adverse, or not able financially to pay for a major repair, then go with extended warranty or sell.

 

[asellus]

explicitly purchasing a warranty is a losing bet, hard stop.

if you can afford to set that money on fire and it gives you peace of mind valued at or greater than the cost of the warranty, then do it. otherwise, don't.

 

[Millbarge]

explicitly purchasing a warranty is a losing bet, hard stop.

if you can afford to set that money on fire and it gives you peace of mind valued at or greater than the cost of the warranty, then do it. otherwise, don't.

I'm generally anti-extended warranty, but if any specific situation was going to justify the expense, it would be a relatively new car company (that, at one point, had Consumer Reports' worst reliability record of any manufacturer), on a car that can be very expensive to repair out of warranty.

 

[asellus]

I'm generally anti-extended warranty, but if any specific situation was going to justify the expense, it would be a relatively new car company (that, at one point, had Consumer Reports' worst reliability record of any manufacturer), on a car that can be very expensive to repair out of warranty.

which only matters if the seller of the warranty is entirely unaware that the vehicle has a higher than normal rate of warranty claims.

 

[Millbarge]

which only matters if the seller of the warranty is entirely unaware that the vehicle has a higher than normal rate of warranty claims.

Just because the purchase price of a Rivian extended warranty may by higher than for a Toyota Camry doesn't mean that you won't make your money back. Just like any other car; but the Rivian isn't a Camry, is it?

 

[Mathme]

We are choosing to sell before the warranty expires. Buying an extended warranty for $8500ish is an expensive outlay, as is $11k if the suspension konks out and you have to pay that just to make it drivable again. For that kind of either/or money, we'd rather put it toward a new vehicle.

As an aside, we also have a Tesla Roadster that seems to require about $5k in repairs every year and it only gets driven about 40 miles/week and we are about to sell it as at some point, we sink enough $ into it that it's just not worth it.

 

[asellus]

Just because the purchase price of a Rivian extended warranty may by higher than for a Toyota Camry doesn't mean that you won't make your money back. Just like any other car; but the Rivian isn't a Camry, is it?

... who said anything about a camry?

The price of the warranty is based on the average projected cost to repair the vehicle. The price is higher than this average -- which is why it is a losing bet to purchase a warranty.

I'm not saying you will never get (un)lucky and have a series of repairs that end up costing more than you paid for a warranty, I'm saying that it is statistically unlikely for that to happen and that is entirely by design, ergo "losing bet"

 

[Eric9610]

I love this...LOL. This has only 100 threads about this.

The primary reason I switched to the R2 was out of warranty costs on the R1.

Suspension replacements at 67-72k miles are about $8k. Hydraulic repair is about $16k. These are well documented on here. Remember the complex suspension on the R1 is to overcome the weight.

I am strongly against extended warranties but on the R1 is almost a no brainer.

I highly recommend people do so online searches into suspension failures on the R1.

 

[Millbarge]

... who said anything about a camry?

The price of the warranty is based on the average projected cost to repair the vehicle. The price is higher than this average -- which is why it is a losing bet to purchase a warranty.

I'm not saying you will never get (un)lucky and have a series of repairs that end up costing more than you paid for a warranty, I'm saying that it is statistically unlikely for that to happen and that is entirely by design, ergo "losing bet"

Yes, on the whole, industry wide, it's a losing bet. But unless you have your crystal ball with you right now, you have no idea whether any individual owner will lose on their warranty. And with a brand new vehicle, from a relatively new company, there's less relevant statistical data available to definitively say that it's a losing bet.

 

[Millbarge]

I love this...LOL. This has only 100 threads about this.

The primary reason I switched to the R2 was out of warranty costs on the R1.

Suspension replacements at 67-72k miles are about $8k. Hydraulic repair is about $16k. These are well documented on here. Remember the complex suspension on the R1 is to overcome the weight.

I am strongly against extended warranties but on the R1 is almost a no brainer.

I highly recommend people do so online searches into suspension failures on the R1.

Oh, that's interesting. I was definitively told the extended warranty would be a "losing bet"....

 

[Eric9610]

Oh, that's interesting. I was definitively told the extended warranty would be a "losing bet"....

1 suspension replacement covers the warranty cost. Go look up the number of owners that need suspension replacements between62 and 75k miles. It's so well documented.

Even in this tread another member mentions the $11k cost associated.

Personally, I did not want to deal with the hassle of 2 suspension replacements in total ownership time.

Sponsored