Quote:
Originally Posted by BrianL99
Normally I'd say "no way" to extended warranties. I was in the automobile business for many years & we practically invented Extended Warranties and have made a fortune with them.
HVAC is a completely different animal. The "Parts" warranty on HVAC units is of almost no value. Most units come with a 1 year & 4-5 years of "parts". The parts are cheap, labot is the killer with HVAC units. These days, they almost all come from China and they surely don't last like they used to. I have a 40 year old Condenser at my home in MA, that still works perfectly. In Florida? I seem to replace a unit every 4-5 years.
$1000 for a 5 Year Warranty of your HVAC, that's already 3 years old? That's a steal. If it's a real warranty, that actually covers most everything, it's the cheapest peace of mind you can buy. Not only is it great deal, it's even better because your current unit is obsolete, as of January 1, 2025. The required refrigerant is changing on 1/1/25 and legacy units are going to get more expensive to repair.
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Not true about the warranty on new HVAC systems in The Villages. Most systems come with a 5-year labor and 10-year parts warranty, which tracks exactly with what the OP said. I assume that the $1,000 extended labor warranty will be paid now, but won't go into effect for 2 more years? If so, the OP is paying 2 years in advance for a labor warranty. Not a good idea.
Suppose the HVAC system fails during a hot day in July? What incentive does the contractor have to expedite a repair for warranty work, when the phone is ringing off the hook with new potential customers? My system failed in July and Munn's repaired it within 4 hours on a Saturday, with no maintenance agreement or extended warranty. Do you really think you will get that type of response from a company who sold you an extended warranty?