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Old 10-03-2012, 02:16 PM
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serge1 serge1 is offline
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Location: seattle
Join Date: Jan 2012
Posts: 1,085
Mein Auto: 2011 BMW X5 35D
Originally Posted by Billyraymallard View Post
Paid product warranties, especially auto warranties, are nothing more than prepaid repairs. Sure, you can win. But it is a lot like playing blackjack against the house. Maybe you get lucky, but if you play for a long time you will almost certainly lose. If it is your own car, then you are a better judge of reliability. If it has been reliable, then you will pay too much for the warranty you most likely will never use. Of your car is like mine, then you are better off not keeping it.
It's hard to tell how reliable the car will be at 25K /1yr. I have read that big problems usually start after original warranty expires.
If I can get basic extended warranty for 1500-2000 bucks, that's a good deal in my opinion. Even if nothing major breaks, I want to have a peace of mind.

I am a DYI guy, so probably can change oil myself.

P.S. Have been paying my car insurance for years without an accident. Sure, waste of money if you think about it, but a piece of mind nevertheless (without mentioning the laws, etc).
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