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re: How does the OT feel about new vehicle extended warranties?

Posted on 2/19/26 at 4:37 am to
Posted by GrapevineTigah
Grapevine, Texas
Member since Dec 2003
66 posts
Posted on 2/19/26 at 4:37 am to
If this was the Money board, or Bogleheads, the absolute answer is hell no. Buy a vehicle that is one or two on consumer reports for quality, then drive it until the wheels fall off. Pay cash, no extended warranty. Then 10 years or more down the road do it again. If you have to have a vehicle that will in all likelihood break down, rethink that logic.
Posted by Gorilla Ball
Az via La
Member since Feb 2006
13242 posts
Posted on 2/19/26 at 4:57 am to
This way you’ll always have a car note?
Geez
Posted by 756
Member since Sep 2004
15916 posts
Posted on 2/19/26 at 5:03 am to
Only buy 100K 84k makes no sense.
Only by mfg
Negotiate
Electronics ....main failures
Door windows cost 950.
Lift gate actuator 750
AC dash electronic 2500 they replaced whole unit
Front end suspension on my 1 ton truck 1250
Radiator on luxury sedan $1500 crazy design
Engine sports car $15K
These are varied mfg high end .vehicles over last 15 years come
Our family vehicles.
Cost of parts is crazy after covid and labor is only going up.



Posted by SETH6180
TEXAS
Member since Feb 2020
1176 posts
Posted on 2/19/26 at 5:12 am to
I’ve got a 2019 F150, after factory warranty went out I bought a 3rd party warranty from Endurance. Transmission went out after I’d made about 6 monthly payments on new warranty. Endurance paid for a new transmission. Cancelled the warranty as it has a $10k max payout and it was reached. So paid about $1K out of pocket and got a new transmission
Posted by LSU6262
Member since Jun 2008
8033 posts
Posted on 2/19/26 at 5:19 am to
What is the make of vehicle? Shop around but make sure it's a warranty offered by the manufacturer
Posted by Asharad
Tiamat
Member since Dec 2010
6343 posts
Posted on 2/19/26 at 5:40 am to
If the dealer wants you to buy it, it's probably not in your best interest.
Posted by Tigeralum2008
Yankees Fan
Member since Apr 2012
17712 posts
Posted on 2/19/26 at 6:48 am to
Check with your car insurance. GEICO offers “Mechanical Breakdown Coverage” which I would trust WAAAAY more than 3rd party warranty companies
Posted by TheFitfulFire
Houma
Member since Jan 2017
151 posts
Posted on 2/19/26 at 9:09 am to
When I bought my Rav4, their last-ditch effort to get me to add the extended warranty (8 years/100k miles) was dropping my interest to 2.9%. So I bought it. Covered me 2 years past payoff, so I thought it was worth it. Came in handy when a cheap plastic clip that cost 400$ to replace was broken though. So far, so good.
Posted by jflsufan
Baton Rouge, LA
Member since Mar 2013
5174 posts
Posted on 2/19/26 at 9:58 am to
quote:

If you have a new car, say an F150.

New 2025 Ford F-150s come with a 3-year/36,000-mile bumper-to-bumper warranty and a 5-year/60,000-mile powertrain warranty.

Why would you buy a four year warranty that covers the same stuff ?


I just bought a Bronco, and the dealership gave me a lifetime warranty for as long as I own the vehicle, provided I keep up with scheduled maintenance, which I plan to have done at the dealership.
Posted by doublecutter
Member since Oct 2003
7149 posts
Posted on 2/19/26 at 10:16 am to
quote:

I just bought a Bronco, and the dealership gave me a lifetime warranty for as long as I own the vehicle, provided I keep up with scheduled maintenance, which I plan to have done at the dealership.



You bought from Matt Bowers? He advertises free lifetime warranties.
Posted by jflsufan
Baton Rouge, LA
Member since Mar 2013
5174 posts
Posted on 2/19/26 at 10:20 am to
All Star Ford
Posted by Sofaking2
Member since Apr 2023
21177 posts
Posted on 2/19/26 at 10:26 am to
They sound like a good money maker for the dealerships.
Posted by VernonPLSUfan
Leesville, La.
Member since Sep 2007
17809 posts
Posted on 2/19/26 at 10:59 am to
Saved me thousands of dollars. My first was used Yukon. Couple years old warranty timing out in 6 months. Buy extended warranty till 100000 miles. Paid cash for it at a little over 1000.00, bumper to bumper. First alternator went out, 1500. Electronic shite happened, over 500.00. 50.00 deductible. Now this was back in the late 90’s. Wife just bought a used KIA and bought extended warranty and how few miles she drives, no worries on breakdowns
Posted by Everyday Is Saturday
Member since Dec 2025
1522 posts
Posted on 2/19/26 at 11:21 am to
quote:

If this was the Money board, or Bogleheads, the absolute answer is hell no. Buy a vehicle that is one or two on consumer reports for quality, then drive it until the wheels fall off. Pay cash, no extended warranty. Then 10 years or more down the road do it again. If you have to have a vehicle that will in all likelihood break down, rethink that logic.


This!!!!!!

Start with a rainy day fund. It’s like a warranty that earns you money (compounding interest + no warranty costs needed) and can be applied to vehicles, home repair, etc…not just vehicle.

This path to pay cash will save FAR more interest than extended warranty or repairs will cost.

Win the financial war by avoiding the warranty / repair battles…so to speak!

This is path to wealth building, and owning some nice vehicles, in doing so.

This post was edited on 2/19/26 at 11:23 am
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476619 posts
Posted on 2/19/26 at 11:24 am to
In the past they were able to price them to be ripoffs in total.

With all the new tech (and issues caused by that tech) in vehicles today, I have a feeling the warranties may be priced too low for the risk, which makes them more appealing if my gut is correct.
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