Extended warranty is a gamble, just like full coverage insurance on a vehicle or home owners insurance.
You buy insurance so not to take a chance on something bad happening.
As I said above I've never purchased a extended warranty before now but there's been time's we wish we would have.
Daughters 2010 Equinox trans failed at 95000 miles but was 3 months over it's 10 year 100000 mile warranty, new trans was $3500.
Son's 2012 Arcadia's sun roof leaked shorting out the electrical system, out of warranty, $1600 to repair, 6 months later the floor was wet after a hard rain, he left it set till it had dried and traded the car off.
95000 miles on my 04 F-450 and out of warranty when the egr cooler busted destroying the engine. They wanted $12000 to install a new engine, cost me $5000 to convert it to Cummins power.
This 2018 F-150 is first year of port fuel injection, first year of ceramic sprayed cylinder walls, the 10 spd auto trans hasn't been in production every long.
This time I felt spending $2000 for extended warranty would be cheap insurance.
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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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