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mikefocke · 07-05-2009, 05:05 AM

and consider the policies are designed to pay out at a ~20% of premiums paid according to sources like Consumer Reports.

So why would you pay all the profits and overheads and sales expenses associated with an Extended Warranty..aren't the odds worse than Vegas? Put the same amount of money in a conservative investment and draw on that fund as needed.

And where would you find a reputable company that would insure a car that old with that many miles? I used to say the only one I knew was Warranty Direct but have heard recent stories that tell me that they are not living up to their agreements without lawyers having to get involved.

More here

07-05-2009, 05:05 AM	#2
mikefocke Registered User Join Date: Aug 2005 Location: Sanford NC Posts: 2,537	Wait till you see the cost and consider the policies are designed to pay out at a ~20% of premiums paid according to sources like Consumer Reports. So why would you pay all the profits and overheads and sales expenses associated with an Extended Warranty..aren't the odds worse than Vegas? Put the same amount of money in a conservative investment and draw on that fund as needed. And where would you find a reputable company that would insure a car that old with that many miles? I used to say the only one I knew was Warranty Direct but have heard recent stories that tell me that they are not living up to their agreements without lawyers having to get involved. More here