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Old 10-03-2012, 11:04 PM
Cdnrockies Cdnrockies is offline
Officially Welcomed to the 'Fest
Location: Alberta
 
Join Date: Nov 2009
Posts: 512
Mein Auto: X5 35d; 750Li; IS F
Quote:
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.
I don't necessarily disagree with your premise, but one other consideration is resale. If you put significant miles on your vehicle you are already losing money if you try to resell it. Having a transferable warranty that still covers all of the major components is likely much more important to many (not all) purchasers. We wouldn't get near any BMW that wasn't in warranty from our past experiences with them, fwiw.
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'11 750 Li Xdrive Alpine White
'10 X5 35d Space Grey

Last edited by Cdnrockies; 10-03-2012 at 11:06 PM.
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