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 - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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