Extended Warranty
07-07-2008, 10:40 AM
#11
Senior Member
Join Date: 04-11-2008
Location: Eastpointe,MI.
Posts: 663
It's not so much the engine and trans that would cause worry(those have the 100 k mile warranty) but the cost of things like the hub and bearing assemblies and the expensive electronic pieces that will jump up and bite you.
07-08-2008, 01:17 AM
#13
Senior Member
Join Date: 09-13-2006
Location: USA
Posts: 378
In my opinion, you are better off putting the $1300 in the bank and collecting interest on it (however small). In the event you need a repair, you have the money. If you don't need to use it, the money is still in your control, and can be used as hedge for other emergencies as well. Put it in a separate checking or savings account so you won't be tempted to use it for non-essentials.
second... the cost of the insurance ($1300) will barely cover the cost of a major repair...
if you drive allot or plan on keeping the car... get the insurance... see if there is a refund at the end of the extended warrenty if it is not used...
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