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 - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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