Extended warranty experiences
Hi, I'm wondering if anyone else has had the same experience as I have with regard to extended warranty and roadside assistance. Here's my story... I purchased my TC at a well known, very la...
Forum Discussion
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
First off, just for the record, most of these are not extended "warranties", as a warranty is issued by the manufacturer. They are "service contracts", which usually have nothing to do with the original manufacturer.
That being said, service contracts are purchased and serve the purchaser much like auto insurance or health insurance -- you hope you never have to use it, but if you do, you're glad it's there.
Being in the automobile business for 30 years, then in the Real Estate business for another 12 years, I have seen many, many of these service contracts pay out hundreds of thousand dollars to purchasers over the years, and I have had scores of auto buyers and home buyers share stories with me of how happy they were that they made such a purchase.
So is it a scam? No more than your auto insurance or health insurance is a scam.
