Quote:
Originally Posted by elp_jc
It's high-school math man. Buy an 'extended warranty' if that makes you happy, but the overwhelming odds are you'd lose money. Do a little bit of research and you'll find out how much profit is built into those contracts . Dealers/salesmen push them like hell for a reason.
Again, I've saved tens of thousands of dollars by NEVER paying for that crap (cars, motorcycles, electronics, appliances, etc), so even with a catastrophic failure, I'd be WELL AHEAD of the numbers game... which at my 49, still stands at ZERO (knock on wood). It's all about the odds . Only instance it wouldn't make sense to 'gamble' is if you're broke... but if that was the case, you shouldn't be driving an M3 to begin with . Good luck.
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I've never been in a car accident. I've lost all the money I've spent on car insurance.