Quote:
Originally Posted by sa226
For me there are a number of angles that go into a decision like that. On the surface as a rule I despise extended warranties. Why sell something that you should stand behind and then try to upsell that some more with an invisible product that essentially says that this product might kind of break in a really expensive way. Logically I hate the idea, but real world ish, I kind of get it.
But also, Is this vehicle historically reliable? What is the cost of the vehicle? What percentage of the value of the vehicle is the warranty? 1200-1500 isn't that much in the grand scheme of things. What is the cost of peace of mind?
Also, you can't play mind games like "Well Alice and her husband Derek got almost the same car and a warranty for 1000$ less!!"
If all in the price works for you and you are comfortable with it, then that is what you are looking for.
Also, an extended warranty is absolutely an item to negotiate over...ie: If I go for this warranty can you include this....
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If someone told you the product you were buying was never going to break, you would not believe them and you would not purchase from them. Cars are machines made by man. They will break.
To the OP: How much money have you budgeted for repairs? The other posters are right, if you have 1500 bucks you can squirrel away, don't bother with the warranty. If you're operating on more of a shoestring budget, take the extra 15 bucks a month on the payment.