Originally Posted by bruzer75
This is just my opinion but I am not a big fan of protection plans. The number one reason is they are usually limited to items that normally won't go wrong. Take all the things that normally go wrong with the Bonneville and unless you have all that work done at the dealer, it won't add up to $2400. And it won't be covered under most protection plans. I do most of my maintenance so I would rather keep that money or at least not give it to the dealer in case something goes wrong.
There is one big reason dealers suggest a protection plan. THEY MAKE MONEY ON THE PLAN. A dealer sounds like they are protecting you but the bottom line. They make money adding a protection plan to your contract.
Like I said before, this is just my opinion.
I have seen protection plans work for some people but for me they don't.
Make sure to take a really good First Photo and post it.
They probably make more money on financing and warranties than on the car itself. I aslo thought about the fact that it is unlikely that all the repair would cost much more than $2400. But all my previous cars were cheap ones and I just didn't care about dents or cracked windshield or other damagies. But this cars is spotless and I want to keep it that way. But not for $2400.
Also I spend some 20 minutes googling about warranties and a lot of people comlpain that the companies that provide warranties are very creative in finding ways not to pay for a repair. So I might think that he would buy a piece of mind with this warranty, but turns out this is not always the case.