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Is a Volvo Vehicle Protection Plan a Good Investment?

2018-12-04T15:19:55+00:00July 25th, 2014|Buying a Car, Extended Vehicle Warranties|
  • volvo vehicle protection plan

If you are looking into a Volvo vehicle protection plan, then you probably already know how valuable this coverage can be. Volvos are expensive vehicles, both to purchase and repair. So, if your manufacturer warranty has expired and you don’t want to end up having to pay for these costly breakdowns, then a Volvo vehicle protection plan is worth the investment.

This Swedish automaker is known for producing a wide variety of quality vehicles. While the majority of their sales are in Europe, they do have a strong foothold in the North American market. However, opinions are polarized. It’s a love-hate thing, even among mechanics. Some say Volvos are great vehicles, while others claim they wouldn’t touch one with a ten-foot pole. They can be electrical nightmares that haunt even the best technician. And, it’s true – they are expensive to repair. Especially if you want genuine Volvo parts. But, there is still a level of prestige that comes with the Volvo name. Maybe not as high-brow as BMW or Lexus, but definitely a cut above the average car.

Is a Volvo worth the big price tag? Well, the jury is still out on that.  They have improved a lot in the area of reliability over the last couple of years.  Now, many models have made some “top 10” lists of most dependable cars. If you like the style and the idea of driving a European label, then a Volvo is a great choice.

Do you need a Volvo vehicle protection plan? If you plan on keeping your vehicle once the manufacturer warranty has expired then I would say – Yes. When it comes to reliability, there are still enough questions surrounding the Volvo name that it is just not worth taking the risk. Based on consumer reports, if you decide against buying extended coverage, you may end up regretting it.

Benefits of Owning a Volvo

  • Five-star safety ratings on most models
  • Good performance and handling
  • Comfort
  • Good resale value
  • Overall reliability rating is slightly above average. There are some really good models like the top-ranked C70. However, there are also some lower-rated models.

Common Volvo Problems

It’s good to start with the positive, right? But, there is usually two sides to every story, and owning a Volvo does have its drawbacks. Common problems that plague many Volvo models include:

  • Water leaks
  • Malfunctioning dashboard indicator lights – the check engine and service lights will come on when there isn’t an actual problem. Unfortunately, there is no way of knowing if there really is something wrong, so you will have to pay for a diagnostics visit to the dealership or repair shop.
  • Air Conditioning malfunctions
  • Electrical issues
  • Malfunctioning accessories
  • Engine noises and engine failure
  • Transmission issues

Volvo has some great models in their line-up, and the newer ones are better than the older ones. But, if you are looking at used models, you should know that you may have to deal with some major mechanical issues.

The XC90 is a luxury crossover that looks classy and sophisticated. But, behind the sleek glossiness is a 2 circle reliability rating from JD Power. The vehicle is known for having significant problems with the engine, transmission, steering, accessories, electrical system, and fuel system. Many owners say that the outward appearance is not worth the headaches that come with owning an XC90.

The S60, the automaker’s upscale mid-size sedan, has received below average-average ratings, depending on the model year. While it has had issues with the engine, transmission, steering, and suspension, the biggest complaint has been about the City Safety System. Apparently, the car has auto braking issues – meaning it will just break all by itself for no apparent reason. Interesting.

Even the S80, which is rated high for dependability in its class, still has its share of problems. This large luxury sedan is known for having issues with the engine, tire pressure monitoring system, the accessories, and the electrical system (of course).

Time for Volvo Vehicle Protection Plan?

Upscale? Yes. Luxurious? Yes. Stylish and fun to drive? Yes. Trouble-free? No.

Volvos are improving, and they are certainly known for their performance and functionality. But, they also come with quite a high price tag. So, if you own one – or are thinking about buying one – then you might want to add a Volvo vehicle protection plan to your wish list. After all, the prestige of driving a Volvo shouldn’t come with the worry of having to pay for costly mechanical breakdowns.