Talk of The Villages Florida - View Single Post - Extended Car Warranty
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Old 11-20-2021, 08:45 AM
Stu from NYC Stu from NYC is offline
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Originally Posted by nn0wheremann View Post
I bought the extension of the new vehicle warrantee with my new 2017 Subaru. Bumper to bumper for 80,000 miles. With 75,000 miles, I have had one claim on it so far, to fix an ignition switch. A couple of months later Subaru extended the factory warranty on that part to eight years, unlimited mileage. The extended warranty has been, thus far, useless. We had one on a used Ford we bought from Carmax. That warranty covered about $200 more in service charges than it cost. If you have sufficient cash or credit to float the cost of repairs, extended warranties are not a good buy. They are basically an insurance policy.
Agreed. Insurance policies should be for catastrophes such as on life, home or auto accidents.