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dstone12
USA Fan
Texan
Member since Jan 2007
14217 posts

re: I'm in the market for a new car
quote:

15. Extended warranties never make financial sense.


Tell me more about this.
I bought a 2016 car with a CVT (continuously variable transmission) and didn’t buy the extended power train warranty.

NOw the cvt is acting up 14,000 miles after expiry.

Wish I had gotten the warranty because I am considering trading it or paying 4 grand to fix it.


Gusoline
Auburn Fan
Jacksonville, NC
Member since Dec 2013
6782 posts

re: I'm in the market for a new car
Negotiated for my girlfriends 2020 Camry today.

Got 1800 under invoice which was good considering her specific options and limited stock availability.

Her credit was only 625 so no 0.9% but she got 5.9% from lotalty to toyota finance.

Waiting on gap to payoff her totaled 18' Camry, pay off one CC and she should be close to 700 and she'll be able to refi with navy fed.

They waived transport and delivery fees since they have to go get it, and she gets lifetime oil change, tire rotations and car wash.

She insisted on paying an extra 3800 for Gap and 7 year 150K warranty. She does drive about 20K a year so she's happy and that will keep me happy.

Head manager was pissed when I used the " if she buys today" for free window tint, compromised and said he would do it at cost.
This post was edited on 6/26 at 8:55 pm


lnomm34
LSU Fan
Louisiana
Member since Oct 2009
11618 posts

re: I'm in the market for a new car
quote:

She insisted on paying an extra 3800 for Gap and 7 year 150K warranty


$3,800?! On a car that cost what, like $25k?


Gusoline
Auburn Fan
Jacksonville, NC
Member since Dec 2013
6782 posts

re: I'm in the market for a new car
2900 for the warranty and 900 for GAP.

Its bumper to bumper
This post was edited on 6/26 at 8:57 pm


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