Be very careful ! - Saab 9-3SS Bulletin Board - Saabnet.com
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Be very careful !
Posted by LG Aero [Email] (more from LG Aero) on Tue, 16 Aug 2011 05:09:39
In Reply to: Re: Extended Warranty, jimg, Thu, 11 Aug 2011 16:02:16
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The extended warranty offered is not quite so good if it extends to 100,000 miles versus adding that to current mileage. The comparison of brake jobs is not so great if they don't replace the rotors each time and bear in mind the $100 fee per time as well. Really would not think you would use 3 complete brake jobs in a total of 135,000 miles at a cost of over $800 each.
But the real concern is the risk that the company blows away in the wind. Normal insurance companies have state regulations and reserve requirements. Many extended warranty companies are glorified Ponzi schemes. Pay out for a while with the proceeds of later "buyers". Then when you rake in a good pile, pay it all out to the owners and declare bankruptcy. It happens all the time.
posted by 74.67.29...
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