[Sylvanfan]

What % of extended warranty's actually end up being worth the money for the customer. I had the bussiness manager at the dealership I dealt with in tears practically when I refused to cough up money for the extended warranty. I basically told him that it made no sense for me to spend money for 5 years of coverage on a vehichle that was being leased for 4 years and had bumper to bumper for 3 years. The guy tried all kinds of ways to spin it, but I absolutely refused to give in. Including that well if you finance it over 48 months, it's only like $25 a month. My counter arguement was that I can put $25 a month into a real estate based mutual fund and get 6% interst and after 4 years I'll have around $1200 that I can use to help cover any repairs, and still have if I don't need any. Sure I could get burned in the end on this, but I've always held the opinion that if they didn't make money on it, they wouldn't be selling it so hard.

I should add that my history of vehichles suggest that I won't put more than 20,000km on a vehichle in any given year, and that the vehichles are stored in garages for most of their lives. Plus I do keep my vehichles maintainance up to date. I could have problems, but I'd have that I'd need to be one of the really unluckey guys to run into something major.