Date: Tue, 17 Mar 1998 02:44:38 GMT From: kennopsamAMinetconnect.net (Ken) Subject: Re: Opinions on Aftermarket Extended Warranties
On Mon, 16 Mar 1998 19:17:56 GMT, kdodgenopsamer.ca (Kathleen E. Dodge) wrote: >On Sat, 14 Mar 1998 03:20:27 GMT, kennopsamAMinetconnect.net (Ken) >wrote: > >>I was interested in people's opinions and experiences with aftermarket >>extended warranties. I have been considering warranties from >>WarrantyGold (www.warrantygold.com) and others. > >Extended warranties are the same gamble as insurance... you may get >more than your mony's worth, but the odds are stacked in the vendors >favour. You're generally better off taking the $500-$1,000 that you >would have spent on the warranty and throwing it into a GIC (or >whatever Americans throw money into) and sit and collect a bit of >interest on it. If emergency repairs come up, you'll have the money >to pay for them... if they don't come up, you'll have the money, plus >more, to pay for something else. > >NB: If you don't have the willpower to set money aside, and not blow >it, buy the warranty. > >Kate > > >AutoGuide.net >http://www.autoguide.net/ Kate, Your logic is fine, as long as you don't experience any major repairs. My four wheel drive vehicle has all the normal stuff that can need repairs from engine, transmission, etc. But it also has two differentials, a transfer case, ABS brakes. What if my transmission falls apart and costs $2000 to fix. And then 6 months later, my transfer case goes on the blink... for say another $1000. Then there is the normal stuff like starters, alternators, water pumps and radiators. I think you get the picture. I agree a extended warranty is buying insurance, but for all the things that can go wrong with a vehicle over the next four years (after the manufacturer's warranty), it could turn out to be money well spent. Then on the other hand, you could get lucky and not have any major repairs. Just my 2 cents worth. Regards, Ken 1996 Ford Explorer XLT V8 AWD SPAM protection - Remove NOSPAM from email address to reply
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