Median out-of-pocket savings on repairs covered by extended warranties for all brands was $837. Based on a $1,214 average initial cost, that works out to a net loss of more than $375.
As JohnT stated that's great for Bubba who somehow managed to buy a new vehicle but can't keep some money set aside but in the long run it's expensive to buy something just so you don't have to give up beer for a month or so.
Yea there are a few vehicles out there that I would buy the extended warranty for just because of the reputation of the vehicle but I can avoid that by getting something else similar from another manufacturer. I keep thinking that you can look up vehicles online to see what the reliability factor is so why on earth would you buy something that has a questionable reputation? Just so you can look cool? Yea I know, I have family members, by marriage, who are currently driving some of those questionable vehicles. See them one time and the brag on it and see them again and they whine because it broke down. Ask them why they bought it and you get something along the line of "it's so cool looking".
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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