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Originally Posted by mikefocke
Extended warranties are like a casino:
* some who play will win
* a very very few will win very big
* most by far will lose
* the casino will make a lot of money.
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This would have to be true for the warrantee company or casino to stay in business. I've dropped a few bucks at casinos never expecting to get anything back except for entertainment. Maybe I could say that the warrantee could buy me piece of mind to enjoy the entertainment of my car more. My main concern is that an engine failure would be covered.
Otherwise, you make some good points. I'm going to check out the salesman's claims and the other details of the warrantee that you suggest. I'll get back to this thread when I find out more.