Quote:
Originally Posted by pylon
"So if your original warranty is worth $2800 to you now when the car is new, unworn and tight, wouldn't it make sense, that it is worth far more, when the car is older, more worn, and more likely to break?"
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No, for two reasons in my opinion.
I view the warranty on new cars as essentially the "debugging" period for the vehicle. It's not tighter and full of new parts, it's full of little problems and parts that weren't manufactured to tolerance to meet their expected lifespan. The first year or two and last year or two of a car are the bad ones, the in-between years not so much. Standard bathtub failure curve that you see in all kinds of industries - there's infant mortality, end of usable life, and not a ton of failure in-between.
Second, that $2800 is a much, much higher percentage of a used vehicle's purchase price, for the same coverage (or sometimes less) as that of a new vehicle, so it's a poorer value.