Quote:
Originally Posted by ApK
I agree with you. No.
Many a financial adviser will tell you extended warrenties NEVER make sense, period.
They are probably right, however I still might buy them if and only if the cost amounts to nothing more than a tip, and I'm happy with the sales person. Selling Extended Warranties is usually a very significant part their compensation, so if the EW only costs me a buck or two (as it sometimes does, especially when there is a promotion on them) and I got good service, that is like a tip my mind.
I have long since given up the notion that I will get any value out of them. Multiple bouts of fighting with warranty companies for coverage and getting shoddy repair work has proven to me that the piggy bank would have been the better investment by far.
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If you buy a new car and plan to keep it for 5+ years, extended coverage on the electronic systems is worth considering. Every new model is more complex, you're more and more at the mercy of the dealer, and problems that seem minor can be ridiculously expensive to fix...