Skip the warranty. Put that money in the bank and use it if you have a catastrophic repair. Extended warranties don't cover as much as original factory warranties do. $1200 in the bank is worth a lot more to me than the promise to fix specific things that may or may not happen.…
Read the full replyI'm looking into getting my first near newish car....
After years of driving cars costing no more than $2000 I want something realiable, dependable and that's not gonna cost a lot... A pipe dream...
Anyway, I've seen some good deals on a couple 2001 SC1's.
In particular I'm looking at one with 30,000 miles. It's fairly loaded for that model. $8000.
I'm also considering getting the extended warranty for about another $1200 that will cover the car for 100,000 mles and 5 years.
Thoughts?
Ken
Skip the warranty. Put that money in the bank and use it if you have a catastrophic repair. Extended warranties don't cover as much as original factory warranties do. $1200 in the bank is worth a lot more to me than the promise to fix specific things that may or may not happen.
If you're sold on getting a warranty already, look around to see if you can get it cheaper. They are, after all, just like insurance. You might be able to save a lot of money on the same product. I'm sure others here can direct you to a good source.
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