Before buying extended coverage, you should know the protection your vehicle already has. If you purchased a new vehicle from the dealership, it will come with a factory Genesis warranty that covers most vehicle parts during your first few years of ownership. Genesis coverage for new cars includes:
To become a certified pre-owned (CPO) vehicle, Genesis models must pass a 191-point inspection and have under 60,000 miles on the odometer. If approved, vehicles receive a total of 6 years/75,000 miles of bumper-to-bumper coverage and 10 years/100,000 miles of powertrain coverage.
When considering extended coverage, you should look at how reliable your car is and how long you plan to own the vehicle. If you rarely find yourself at a repair facility for things outside of routine maintenance, you may not need an extended warranty.
Genesis is a fairly young brand in the automotive industry, so there’s not an excess of data on vehicle reliability. Hyundai, Genesis’ parent company, is often highly rated for being a dependable brand.
The J.D. Power 2021 U.S. Vehicle Dependability StudySM ranked Genesis seventh out of 32 carmakers, placing it one spot lower than its parent company. According to the study, Genesis models had 102 mechanical issues per 100 vehicles, while the industry average was 121.
A 2019 Genesis G80 could cost you around $1,363 in repairs (excluding maintenance) in the first five years of ownership, according to Edmunds.com’s True Cost to Own® calculator. In comparison, the website estimates a 2019 Audi A4 would cost nearly $4,626 for the same period.
Still, if you’re worried about sticker shock for an unexpected repair, an extended auto warranty might be worth the investment.