I want to know your opinion on Extended Car/Truck Warranty or Extended Service Contracts? What do you think?
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If the additional expense won't cut into your necessities, but gives you a satisfactory boost in peace of mind, then go ahead and buy it.
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WheelScene 2 weeks ago
Thanks for the answer! Do you use an aftermarket / extended warranty?
Wesman Todd Shaw 2 weeks ago
No. I don't own an automobile these days. But I used to be a salesman at a Ford dealership.
No, don't do it. They price these warranties so that they collect far more in premiums than they ever pay out. The average is 70%.
Keep the money, save it as part of your emergency fund, so you can pay for repairs if and when they arise.
c1rca 6 days ago
I have seen some warranties with an unlimited claim amount, if I plan to keep my car for a long time then would a warranty help?
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