The second option sounds like a really bad idea from a financial perspective. I don't see any big downside to letting them fix it, extend the warranty and drive till the end of the general warranty. The drive train warranty is just BS. You are probably upside down in the value of the car and the rebate isn't really going to do anything for you.We drove up to the Mazda dealership today to discuss options with my car as it's still not ready. We sat down with the service manager who was pretty reasonable. We found out that although we had been told that my engine was being replaced, Mazda had changed the recommendation to the cylinder head being replaced, we were unaware of the change per Mazda. Anyway, the new piece arrived and was installed and issues ensued. Mazda then contacted corporate again and was told to pull the entire engine. Now the engine in entirety is being replaced.
I spoke with the manager about my misgivings and have been offered two options from Mazda.
1- an additional 100,000 mile warranty on the drive train as well as an extra year of general warranty being added to my car. That way, if there are any other issues, I won't eat them.
The other option was that I can trade in my car on a new one and a "rebate" would be added from Mazda so that I'm not out as much $ trading in such a new vehicle.
I didn't spend any time shopping there today and I'm really unsure which action I'll take. I had also planned on visiting Honda today to look at the CR-Vs but didn't want to spend the time in the dealership and am home just trying to figure out what to do..