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post #14 of (permalink) Old 12-15-2005, 08:22 AM
Tomel
 
Join Date: Oct 2005
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Default Extended Warranty

I have the same philosophy as Spike. Over time, I've probably saved $10,000 on not getting extended warranties that probably would have covered, maybe, $1,000 worth of repairs.

However, I can see two situations where an extended warranty might be justified:

o For those that don't have or can't maintain sufficient emergency funds to cover an unexpected large repair.

o If you can't resist purchasing a vehicle that has a very bad reliability/repair history (although I've found that the extended warranty on such vehicles is very, very expensive - makes sense, huh).
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