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Old 12-10-2012, 09:01 PM
ard ard is offline
Resident Curmudgeon
Location: CA
 
Join Date: Jul 2009
Posts: 9,357
Mein Auto: '12 X5 35d/E39M5/996TTX50
Quote:
Originally Posted by KyleGT View Post
Exactly. There's a reason why these extended warranty companies exist. You almost always lose. It's a much better idea to set aside a little money each month specifically for auto repairs. If something happens, you have $ to have the repairs done. If nothing happens, you have a nice chunk of change that can be used for other things.
While this is true, there is another aspect that needs to be used in ones' personal calculus: can YOU tolerate the risk if a large repair hits?

Odds are, over time or over multiple vehicles, you will come out ahead with self-insurance...but some folks cannot financially (or emotionally) tolerate a $6k bill. or two of them.
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