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re: Really hate dealing with car dealerships!
Posted on 11/4/12 at 10:04 am to Will Cover
Posted on 11/4/12 at 10:04 am to Will Cover
quote:
15. Extended warranties never make financial sense.
Not true. Thats like saying having health insurance doesn't make financial sense. You may not have to use it but its there if you ever have to use it. If you have a major illness or accident, you won't be bankrupted.
An extended warranty is another form of insurance. If you never have to use it, it may not make 'finacial sense', but if your vehicle's engine/transmission blows up or needs major work, it will pay off.
At least go with a basic power-train warranty(engine and transmission).
Stay away from the cheapo's, go with the manufacturer warranty or go with something like LDS.
1
Posted on 11/4/12 at 3:40 pm to Reubaltaich
quote:
15. Extended warranties never make financial sense.
Not true. Thats like saying having health insurance doesn't make financial sense. You may not have to use it but its there if you ever have to use it. If you have a major illness or accident, you won't be bankrupted.
Apples to oranges. Self financing health insurance is do-able if you start young and with a health savings plan.
But anyone can self-finance their own auto "warranty". EVERYONE will be better off in the long run if they do.
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