Would you purchase an exstended warrranty for a new truck?

fj12ryder wrote:

DallasSteve wrote:

hotpepperkid wrote:
If your the kind of person who buy insurance at the black jack table then by it, but generally insurance of any kind is a waste of money

Does that mean you don't buy auto insurance or health insurance? I do, but with rather high deductibles. I would not buy an extended warranty, but then everyone here will probably be aghast at my plan. I like leasing vehicles. I will probably do a 3-year lease on my tow vehicle and it will be under the factory warranty the whole time. I've been leasing vehicles for over 10 years and it's been great for me. My bank account keeps growing so it can't be too bad of a decision.

Think how big that bank balance would be if you paid yourself instead of the leasing company. :)

People lease because it's cheaper, unless you're going to keep a vehicle about 5 years or longer, and in my case because they don't like to sell used vehicles or trade them in. I want newer vehicles, and in this case I'm not sure I'll still want to RV in 5 years. I'm not even sure if I'll be alive in 5 years, but if I'm not then money is not my problem. LOL.

Park Cities Ford: F250 Specials

The link above shows that the payments are about the same for lease or purchase at this local dealer. But, the purchase is for 7 years so you probably would want an extended warranty (ca-ching!) or you will have to consider repairs after the warranty period is up (ca-ching!). At that point my bank balance is not bigger - it's smaller if I buy. It's a lot of money either way, but buying isn't really cheaper after you look at all of the costs. You're paying the same or more to drive older vehicles. Go right ahead.