extended warranty
12-13-2006, 09:05 PM
#12
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Its to my understanding (according to experts) that extended warranties, rust proofing, paint protectants, etc are all gimmicks to line the dealership's pockets. Financing and payiny interest on an extended warrenty is gambling that your car will need servicing when the extended warranty kicks in. You would do better by sitting aside the money for a rainy day. Also having these extras attached to your loan will only make your loan balance "upside down" when considering a trade in....especially with the rapidly decreasing value of an automobile.
12-14-2006, 05:14 AM
#13
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Its to my understanding (according to experts) that extended warranties, rust proofing, paint protectants, etc are all gimmicks to line the dealership's pockets. Financing and payiny interest on an extended warrenty is gambling that your car will need servicing when the extended warranty kicks in. You would do better by sitting aside the money for a rainy day. Also having these extras attached to your loan will only make your loan balance "upside down" when considering a trade in....especially with the rapidly decreasing value of an automobile.
12-14-2006, 06:36 AM
#14
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How much did your warranty cost....icluding interest? In the end....how much did you really save? But if the warranty gives you peace of mind....then I say go 4 it.
12-14-2006, 07:54 AM
#15
Eternal ***erator
I bought the extened for 6 yrs 72,000 miles and it was less that $1500.
DC must have different prices for dealers.
No, that ia a total of 6 years not an extra 6 years......
Covers almost everything and towing and rental car and no deductible at the original dealership and $50 dedeuctible everywhere else.
DC must have different prices for dealers.
No, that ia a total of 6 years not an extra 6 years......
Covers almost everything and towing and rental car and no deductible at the original dealership and $50 dedeuctible everywhere else.
One of the guys i work with bought a Buick Rendevous with the extended warranty. It saved his a$$. that pos car/truck/vangoloid thing was constantly in the shop.
Watching his horrific experience and seeing what the repair bills WOULD have been, caused me to buy my extended warranty.
and again, i hope i pissed away the $1200.
Last edited by HappyCurmudgeon; 12-14-2006 at 07:58 AM. Reason: Warranty cost was $107.55/12mos. so that is $1290.60 total.
12-14-2006, 08:06 AM
#16
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