Good deals on extended warranty?

Zaggeron · 10-17-2011, 12:57 PM

^^ You're right. Individual experiences and comfort level may vary. My point is that most people, in the long run, will pay out more in premiums for extended warranties than they'll ever save in warranty repairs.

It's just like insurance in that most people will pay more in premiums than they will have saved in covered claims. That's how the companies make their money. The difference between a warranty and standard house/car insurance is that the consequences of not being insured can be much worse than not having an extended warranty.

That said, people should decide based on a thorough evaluation of the costs and benefits and what they could comfortable shell out if something did go wrong.

SS66 · 10-18-2011, 03:23 PM

I bought the premium gold prefered at 5 yrs 100000 miles for 975.00 dollars. To me that is a drop in the bucket.

Last car warranty I bought was 5 yr at 1200.00 dollars. With that vehicle I had 2 repairs that covered 2300.00 in repairs plus a free rental on one occasion. Money well spent.

Look I am not big on warranties but if or when it comes to large ticket item purchases I will listen. If I can get a great price, AKA: 5yr 100000 for 975.00 I am possibly in. I might not ever need it but I know most people will piss away that amount of money easily in a year. To each there own on warranties.

10-17-2011, 12:57 PM	#1 (permalink)
Zaggeron A True Z Fanatic Join Date: Jan 2010 Location: Austin, TX Posts: 1,951 Drives: '10 370ZR '13 BRZ Rep Power: 19	^^ You're right. Individual experiences and comfort level may vary. My point is that most people, in the long run, will pay out more in premiums for extended warranties than they'll ever save in warranty repairs. It's just like insurance in that most people will pay more in premiums than they will have saved in covered claims. That's how the companies make their money. The difference between a warranty and standard house/car insurance is that the consequences of not being insured can be much worse than not having an extended warranty. That said, people should decide based on a thorough evaluation of the costs and benefits and what they could comfortable shell out if something did go wrong. __________________ 2010 Platinum Graphite 370z Roadster:Touring/Sport 2013 Subaru BRZ Limited

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10-18-2011, 03:23 PM	#2 (permalink)
SS66 Base Member Join Date: Apr 2011 Location: Overland Park, Kansas Posts: 165 Drives: 2011 370Z SP m6 Rep Power: 15	I bought the premium gold prefered at 5 yrs 100000 miles for 975.00 dollars. To me that is a drop in the bucket. Last car warranty I bought was 5 yr at 1200.00 dollars. With that vehicle I had 2 repairs that covered 2300.00 in repairs plus a free rental on one occasion. Money well spent. Look I am not big on warranties but if or when it comes to large ticket item purchases I will listen. If I can get a great price, AKA: 5yr 100000 for 975.00 I am possibly in. I might not ever need it but I know most people will piss away that amount of money easily in a year. To each there own on warranties.