MetalGator wrote:
I keep all my vehicles at least 8-10 years. On my last 3 vehicles, I purchased the extended warranties. I used the extended warranty once on a truck after the factory warranty ran out. The cost of the fix was way less than what I paid for the extended warranty. The only thing the extended warranty was good for (in my case) was piece of mind but I believe in most cases, it's a waste of money unless your vehicle is very problematic.
X 2 I spent 35 years in the automotive industry and extended warranties are one of the most profitable things a dealer sells. They make as much or more profit on the extended warranty as they do on a new vehicle.