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Originally Posted by RCK
Some excellent advice here, especially the driving school which I've already considered. The moving violation stricture is already in place. And no modding. Spoiled kid? Maybe, but that's a relative judgement. Many of my son's friends drive far more expensive cars, which we could afford. One drives a Bentley, many Range Rovers, BMWs, etc.
My son is a compulsive saver, putting his birthday money aside since he was 7. He even invested part of it in the stock market in Spring '09, good timing. Of course I choose the stocks with him, but it's money he has saved. He wanted to contribute to the Z purchase with that money, but not a good time to sell right now.
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Yeah I just recently moved out of a neighborhood where all of the kids were driving BMW's, Lexus, a few Corvettes, etc, etc. And every single one of those kids could not drive. If you can AFFORD all of those more expensive cars then why NOT go for the ~$1500 extended warranty. This conversation should be for someone who is on edge with money and can't decide whether they would be a good enough driver and careful enough with their car to get by without the warranty. All signs point to BUY THE WARRANTY in your situation. I hate to be blunt but if you have the money do it, because it'll save you or him more money in the end. Just like the old saying, "You have to spend money to save money".
Usually extended warranties on just about everything else is just free money to the seller. Most of the time, the thing you buy won't break, or it'll be a super easy and cheap fix and/or replacement. In this Auto case, just imagine how many things can add up to or surpass $1500 when things break. Especially on a brand new 370Z which retails towards $40k. Parts aren't always cheap. Just some fuel for your thoughts.
I wouldn't buy a $1500 warranty on a Nissan Versa, Sentra, or even Altima if that tells you anything. The more premium cars deserve it, like Maxima, 370Z, G37, GTR, etc.