I have just bought a 2000 Focus for $6k and a two year warranty for $900.
Works out at just over $37 per month.
From reading all the small print it seems to be very comprehensive and
covers me upto 15000 miles per year and has a $100 deductible.
Claims limited to $6k which is what i paid for the car. Sticker price was
$8,800 but did some heavy duty haggling and at one point got up to walk out
the showroom. I love this part of buying a car.
The full price was $1400 - now I realise there is a massive markup on these
policies just so they can discount them to make it seem like you are getting
a good deal.
The warranty is thru a third party insurance company called Prospective.
Small print says I can get a refund at any time minus a $35 admin fee and an
adjustment for the miles I have done.
Only purchased today but wondering if buying a warranty on a car that is
coming up 4 years old is really worth it.
Any one have any ideas or thoughts.