Originally Posted by Archon
When I checked into the cost of an extended warranty, I decided not to purchase one. I would have to have both the engine and transmission fail before the cost broke even.
that expensive huh? No shock there...
Now about the extended on any car, think of this -
If they are trying to push a warranty, it means they sold you a good car. They are NOT going to want to warranty a POS.
I always decline it. I once had a Ford (of all cars) and they tried to sell me an extended. I turned it down, they got all pissy. Thing is, I never would have used it, cause it had no problems til after the warranty would have expired.
Keep something else in mind - if you file a warranty claim, here is how it works - YOU pay the cost of repair, and they reimburse you later when you have proof of repair costs..
PLUS, you have to really read the warranty, they do not always cover much.
You could talk to your insurance agent, I think they have some sort of policy you can buy (for about $500) that will cover a good % of repair costs. AllState used to do that.
Just something to look at, but the car cannot be older than 6 or 7 years.