Buzzcut1 wrote:
In all the purchases I have made since my first vehicle in 1975 I have never purchased an extended warranty. I have never regretted not doing so. Its a scam IMHO. I will not be buying one in the future either
I am in the same boat, but I always research the vehicle before purchase.
That said, BIL of my close friend bought new Ford Taurus from 1990's.
He bought extended warranty and in 3 or 4 years he generated about $20,000 warranty repairs on $16,000 vehicle.
I think the $900 he spend on extended warranty got him his money worth.
Numbers from my memory, so I might be slightly off, but you get the idea?
Bad part - extended car warranty is not paying for wear out shoes and he had few of those.