Used car extended warranty

[JFP in PA]

Originally Posted by Viper5

I appreciate the feedback, but I just don't understand something. If I were to say, for sure, rebuild my tranny down the road (few months). How is it not beneficial to get a warranty now to pay for the 3k work if the warranty itself is around that price?

Due to the number of horror stories I am directly aware of where car owners spent thousands for this nonsense, and then when they had a legitimate claim, the warranty company weaseled out under "abuse, abnormal usage, pre-existing condition" and similar terms in the contract. These contracts vary between total fraud to being designed only to make money for the issuing company; you’d be better off putting the cash in a conservative investment as a hedge to pay for future maintenance.

And as for “being smart enough to buy a policy to fix your grinding gear box”, I’m not even going to comment…………………