Quote:
Originally Posted by SehrSchnell
+1. IMHO the extended warranty is a suckers bet.
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Even given my understanding of the likely loss, I did purchase an extended warranty plan. Our engines are pretty high tech and high strung. I really would not want to come up with $25k or so if I happened to have any major engine problems. I felt similarly about engine controls, that is probably a few grand. Even knowing I will most probably lose money I just wanted the coverage for any huge dollar issues, which of course I know are unlikely.
Anyway my point was that not that one should not buy such plane, one should just know exactly how they are priced. There certainly are exceptions to the rules and there will be many folks who have their reimbursed costs > or even >> total payments.