Mind if I get some opinions on if the Volvo Premium Coverage Plan is worth it on a lease? They seem to be running for $1000 or roughly $30 a month. It includes the following:
DELUXE COVERAGE:
Even the most cautious drivers encounter a flat tire or damaged wheel along the way. Help safeguard your tires with the Deluxe Coverage Plan. The Deluxe Coverage Plan repairs or replaces tires damaged by road hazards; road surface conditions such as potholes, cracks, breaks and debris on the road surface.
The Plan provides for the replacement of wheels when or if the wheel cannot be balanced, will not hold air, or the damage has affected the structural integrity of the wheel.
Deluxe Coverage does not cover cosmetic damage to tires and wheels.
PREMIUM COVERAGE:
Includes Deluxe Coverage plus cosmetic damage coverage to an alloy or steel factory wheel.
This is only worth it if you live in an area with Swiss cheese for roads, such as the NYC area. You can also get it a la carte for a lot less from Steingold Volvo.
Sadly thats exactly were I am driving. I picked up a S60 so the low ground clearance has me worried that I could cause some damage. Thanks for your input!
Honestly, Iām nearly 9 months in with an S60 with 19" wheels, and Iāve hit some really awful holes, and no damage yet (knock on wood). I did hit a bad one in my 2017 S60, so I paid for it separately this time, knowing the road by work have deteriorated.
Lo and behold, 4 days after I answered this, a new, massive pothole appeared on my route. Itās a one-lane road with nowhere to veer. It was somewhere around this point of the road to give you an idea:
My car started to shimmy badly, and I could fee the vibration in my seat and steering wheel. I managed to not damage the tire but after I brought my car to the dealership this morning, it was discovered that I badly bent my rim.
My wheel is $700. My tire is $300. My insurance through Volvo (premium - also covers cosmetic damage) was $699.
Those who debate buying it can do the math. If youāre in the general NYC area, Iād say itās worth it, because the roads here are getting worse and worse by the day. You should see what I have to navigate through to and from work. If it was legal/safe to take pictures, I would. There are massive holes in the road over and over and thereās a gully running up one side of the road.
The set of 4 rims and tires is only an $800 upgrade when purchasing.
When I am about to lease, I always price 1 new rim and tire (3rd party / never dealer) and thatās the number I take into the box when they offer wheel & tire. 2 rims and 10 tires in 3 years on my WRX taught me well.
Deluxe doesnāt cover cosmetic damage. In the NYC area, a pothole can chip the side of the wheel but not affect the function, and deluxe doesnāt cover it.
Thereās also a lot of parallel parking and parking attendants in garages that can do a doozy on your wheels (hmm, wonder how I know that one!). The extra $100 for premium is worth it.
Of course. My point being they arenāt $1000 more each or it would be loaded into the price.
New/retail/quantity of 1 Iām seeing 18ā rims at $405, 19ā at $380 (yes $25 cheaper), and 20ā at $639 each. If you buy them from a Volvo dealer, Customer Care will send a rebate form.
Stock 18s are $202, 19s are $283 and stock 20s are $271 (shopping same source obvi can vary)
18 ā 19 :: (-100)+(324) = $224 more cost in rims and tires at retail
18 ā 20 :: (936)+(276) = $1212 more cost in tires and rims at retail
Assume whatever rims tires you get need tpms sensors, mount/balance. Only difference is parts cost.
While Iāve got my calculator out: if one of rims and tires costs $910, and I was hypothetically offered tire and wheel in the box for $500, Iād take it. If T&W was $1500 Iād roll the dice.
I bought the equivalent of āpremiumā for my Infiniti Q50S redsport which was like $1,500 for a 3 year lease.
I was really hesitant, but in the end (Live in NJ) Iāve gone through at least 4 tires, 1 rim replacement, and multiple rim repairs. (Thank god for run flats)
In terms of ācosmeticā, a ton of this has to do with if you are getting low profile tires or not:
I learned the following:
Low profile will go flat way faster than regular due to a lack of shock absorption
Low profile puts your rims much close to the curb than regular tires. In my sports sedan, the rim was actually out further than the tire, so the slightest touch against a curb, and you got massive rim damange.
So look at the specific wheel and tire setup you are buying. The thinner the tire and the closer the rim is to the edge of the tire (horizontally), the more likely you are going to see some serious repair costs.
And now itās time for rim #2 to be replaced! I donāt know if this was damaged initially and missed, but I have brought the car in a few times now - not my regular dealership - and I had the rotors replaced, wheels balanced, etc., and now I need another wheel. Note that I havenāt hit a pothole or anything since the one in February. At this point, Iām up nearly $900 vs. the cost of the plan.
Iāve never needed to replace a wheel before this car, so this was a wise decision!
To be fair, I have never needed a wheel replaced before this car. I have also never had 19" wheels (last S60 had 18" wheels). But, in my defense, the roads in NY and NJ have never been worse either. The last pothole was completely unavoidable without getting killed, so not much I could do. I could have damaged the second wheel when I hit that one and it only was noticed once the vibrations got bad because it was only slight damage at first.
Just leased an XC90 2021 Inscription after coming out of 2018 lease. I live in LI, NY, āonlyā did 16k miles and this is what I observed:
Had the tire and rim insurance (at that time it was $650). Had one 21ā tire with a bump that needed to be replaced at around $430 so I feel okay about it.
For some reasons my car always get scratched. Blame it on LIers or my kids, but I am concerned about my lease return fee.
Volvo offered me a $40/mo insurance (or $1,200 upfront) covering:
Tire/rim
keyfob replacement
windshield (my insurance covers that also)
small (4ā or less) scratch touchups
$1,500 end of lease damage waiver
In my opinion thatās totally worth it but it depends where you live.
I think I added the same
Protection on my 2018 xc90 lease back in May 2018. Itās from fortegra, or something like that. Got it from Volvo of glen cove, and at the time it was $895 spread over my 36 month lease. I liked the lease damage waiver and the lost key replacement. Had problems w those two things on prior cars.