Extended warranty. What are your thoughts

blofgren wrote:

mtofell1 wrote:
Good advice so far about shopping around and going only with a factory backed service contract. As everyone says, the warranty companies and dealers are in business to make money. Keep in mind A LOT of that money is from people overpaying so you can do a lot of damage control just by purchasing right. They also make a lot of money by people selling the vehicle before the coverage runs out.

I bought one on my 2014 Ram and it's paid off big time. I've had exhaust manifold bolts (2K?) and a tranny rebuild (4-5K?) done. Mine is a a lifetime which means it's good until the repair exceeds the value of the truck. I paid $2200 for it. Mainy, for me, if I didn't have the warranty there's no way I'd still have the truck. It's a company vehicle and I have to be able to manage my costs. I can't have a sudden 5K expense. When I look at how much it costs to do a trade-in and buy a new truck it's a no-brainer. Having the warranty/service contract has allowed me to save a lot by not having to buy/sell. Nonetheless, there will always be the bashers telling me I'm crazy and am throwing money away which is fine. To each their own.

I had forgotten about that lifetime warranty until I read your post. I'm interested in more details on your Ram including engine, transmission, mileage, etc. and what the repairs were.