Quote:
Originally Posted by Radiation Joe
An extended warranty is a sucker's bet.
|
Indeed. I've never bought any extended warranty on anything, and so far, I"ve never needed one, so I'm WAY ahead of the numbers game. I'd have spent tens of thousands of dollars already.
Bottom line is the overwhelming odds are you'd NEVER get your money back out of an extended service contract (it's NOT a warranty). Unless you're in a dire financial situation, would use up ALL the miles, and your car has been problematic, I wouldn't even consider one. Plus you folks need to read the fine print better; most include a proration clause, which only makes sense: if a part is supposed to last 100K miles, and craps out at 70%, you'd only get 30% of the cost. And that 70% is usually more than using an independent shop (or DIY), meaning you threw thousands of dollars away for nothing. Do your homework
. They're cash cows for dealers and sellers for a reason. Good luck.