Yaewp

[Brucelee]

My basic take on extended warranties is that it all lies with the buyer and their ability and willingness to take risk.

Put it this way. Warranty companies are nsurance companies. Most are very good with data, underwriting and rating. Hence, over say 10K warranties, they will always make money.

Now, you will only insure one car and your ability to predict whether it will break and how much it will cost is very poor compared to the warranty company.

So, does that mean you should not buy? NO.

It means you have to examine what would happen if you DID have to pay for a repair of a large order. If you could not come up with the dough or if thinking about the risk of this makes you kind of sick, you are likely a warranty guy.

If on the other hand, you have tons of dough and don't really mind a bit of risk, you may never buy a warranty.

If it were me, I would warranty a Porsche. I would NOT warranty a Lexus.

But, that is just me.