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Hello folks. I am in Auckland New Zealand. I need some help and advice I have a M35 bought second hand two years ago and added an extended warranty it has done 150k. I now have a diagnosed 'stretched' timing chain. The warranty co. (DriveRight via IAG NZ) is claiming this is 'wear and tear' and not covered. however the engine fault light is on, it stutters now as a result and could cause major internal damage if it breaks. Calling Nissan NZ, they say the chains 'shouldn't..but can stretch' and in their opinion it has failed as they should last for the lifetime of the vehicle with regular servicing. Other Warranty companies (Like Autosure NZ) cover this replacement due to stretch. So in my view the component has failed. However DriveRight say it has not failed...yet! The clincher of this is that DriveRight now know the part is 'faulty' and will not cover any damage as a result of continuing to drive. I'm stuck. The warranty clearly states this component is covered (Timing chain and Timing chain tensioners)...but we seem to have a disagreement on the interpretation of 'failure'. Has anyone experienced this? My bill is estimated to be $2500 to replace chain. Cheers.

I know there are rumours floating about that Nissan is considering extended warranties for the GT-R, but does anyone know the status of this?

So, before I start, I'm not naive. I'm aware of the negativity surrounding used car warranties and I've been bitten by them myself in the past. But, are the tides turning? For example, AWN has some really good reviews on Product Review. We're considering a used X5. I've done lots of research, spoken to lots of people and I'm aware of the risks. I'm definitely not going into this blindly. But, when looking at one on CarSales.com.au the other day, there was an ad for Redbook used car Warranty. It was pretty well priced with the mack daddy option costing $2100 for a 3 year warranty (max claim $8k). I kinda feel like $2100 would not cover an X5 8 speed box but $8k might. Considering the reviews for AWM, maybe its worth getting one of these warranties in the event of massive failure. Granted I don't expect small breaks to be covered but gearbox, air suspension, engine, etc. having them covered in a good solid, no backing-out warranty could be worth the outlay. (Note I cannot get the AWM warranty as the car would be too old, hence the references to Redbook.) Opinions? Any first hand experiences?