We did not buy any extended warranty for either of our XC40’s. We will not own either past the standard warranty…..we typically keep our cars less than 3 years….our last few have been averaging 8 months to 1.5 years.

However, if you plan on keeping the car, it might not be a bad idea. I wouldn’t be worried about the batteries or motors, but everything else is where I’d be concerned.

My wife does love her XC40 though, so she may keep this one for 3-3.5 years, then get another one if she still loves it and it’s the best option available.

 

We didn’t on either of ours. My theory is that these BEVs are new and the manufacturers want them to be successful at all costs, and so they’ll make it right even after warranty. That thinking paid off with our Bolt, which after almost four years was repurchased by GM due to the LG battery issue.

 

We skipped any extra warranty / service as well. The price we were being asked to pay to replace cracked windshields or replace scuffed wheels was quite expensive. My insurance covers windshields, and I'll install curb-feelers if I feel that I'll be in danger of scuffing my rims. 🤣 The only risk I really have is that my teenagers will stain the interior.

 

I added a 10 year/120,000 mile Volvo VIP platinum plan to our XC40 Recharge. We do tend to keep our cars for a long time. (I have a 10 year/unlimited platinum plan on my ICE V60).

Not sure if it’ll pay off on the EV or not.

 

How much was that?

 

This document might be of some interest.

 

I generally discourage extended warranties, but since I plan on keeping this beta vehicle 6+ years, I thought I'd get one as long as the cost wasn't too much. The dealership offered me a 3rd party warranty (ZURICH) 10yr/75k mile for less than $2.2k with a $100 deductible and a lot of exceptions:

1. This contract does not provide coverage for:​

A. Any part not specifically listed as covered under the coverage you selected, including but not limited to any of the following​

parts: Glass, lenses, sealed beams, light bulbs, wheels, wheel covers, tires, interior trim, moldings, bright metal parts, sheet​

metal, flexible body parts, weather strips, upholstery, convertible and/or vinyl top, paint, catalytic converter, exhaust system,​

brake rotors and drums, wiper blades, coolant hoses, shock absorbers, all batteries including hybrid batteries, throttle body​

assembly, spark/glow plugs, drive belts, brake pads, brake linings and shoes, manual clutch disc (automatically shifted​

manual transmission clutches are covered);​

B. Repairs of water and air leaks, rattles, squeaks and wind noise; alignment of body parts, bumpers and glass;​

C. The normal maintenance services and parts required or recommended by your vehicle manufacturer and other normal​

maintenance services and parts which include, but are not limited to: engine tune up, suspension alignment and wheel​

balancing. Filters, lubricants, engine coolant, fluids and refrigerants will only be covered in connection with the repair of a​

covered failure;​

D. Repairs or replacements covered by any insurance policy, repairer's/supplier's guarantee, service contract or manufacturer's​

or seller's warranty, even if coverage is revoked or denied for any reason, including manufacturer insolvency;​

E. Repairs, replacements or alterations made without prior authorization or without following the required claim procedure;​

F. Repair or replacement of any part due to a condition that existed prior to the purchase of your contract;​

G. A covered failure which does not occur during or is not reported to us within the term of your contract unless expiration of​

contract falls on a holiday or weekend, then the next business day will be acceptable;​

H. Repairs if the odometer has ceased to operate and odometer repairs have not been made as soon as reasonably possible, or​

the odometer has been altered, tampered with, disconnected, or in any way misrepresents the vehicle's actual mileage after​

you purchased your vehicle;​

I. Repairs or replacements of any parts or components that do not meet original manufacturer's specifications as installed at​

the time of original vehicle assembly;​

J. Any part(s) which has not sustained a covered failure, but which a repair facility recommends or requires be repaired or​

replaced in connection with the repair or replacement of a covered part(s). This includes any expense due to engineering​

upgrades or for repairs made solely to meet or maintain governmental emission standards;​

K. Storage charges, shop supplies, hazardous waste disposal fees, freight and/or delivery charges;​

L. Economic loss, including loss of time, inconvenience, or other incidental loss or damage that may result from a covered​

failure, except as may otherwise be provided as a benefit in this contract;​

M. Consequential loss or damage that is the result of a covered failure;​

N. Repairs or replacements made outside of the United States, United States territories and possessions or Canada;​

O. Diagnostic charges, cost of disassembly or cost of assembly if your repair is not covered or has been denied.​

2. This contract does not provide coverage if your vehicle:​

A. Is equipped to plow snow, whether or not the plow blade is attached to your vehicle;​

B. Is used for commercial hauling, delivery, limousine service, ride share or transportation network (e.g. Uber, Lyft);​

C. Is used for hauling or towing in excess of the manufacturer's limitations and specifications;​

D. Is used for rental, racing, speed contest or other competition, police car, security vehicle, emergency vehicle, shuttle service,​

taxi or commercial towing;​

E. Has been declared a total loss or has been issued a salvage or branded title.​

3. This contract does not provide coverage for damages caused by:​

A. Collision or impact, fire, theft or attempted theft, freezing, vandalism, malicious mischief, riot, civil commotion, explosion,​

lightning, water, flood, falling missiles or objects, or contributed to by foreign objects and/or the use of contaminated fuels,​

fluids, lubricants or refrigerants, and the resultant rust, corrosion or consequential damage, sludge or restricted oil flow;​

B. Misuse, alteration, abuse, negligence, or lack of proper maintenance or breakdowns caused by improper servicing or​

improper repairs, insufficient coolants or lubricants, rust and/or corrosion;​

C. A non-covered part;​

D. The direct result of aftermarket modifications made after you purchased your vehicle which do not meet factory​

specifications;​

E. Ingestion of water through the air intake system commonly referred to as water ingestion;​

F. A power surge or the failure to follow proper charging procedures or use of incompatible charging devices for your plug in​

hybrid/electric vehicle.​

 

That exclusions list actually doesn't seem too unreasonable. Except for the battery part.

But I guess the battery is already covered for 8 years...