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Old 02-10-2006, 12:39 PM
sokoloff sokoloff is offline
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Join Date: Jul 2003
Location: Ocean Isle Beach, NC
Posts: 2,443
Some people can't live without them. A few like me wouldn't ever buy one but certainly wouldn't turn down a car that had one. I have never owned a car where it would have paid me to have bought an extended warranty. My philosophy is that these extended warranty companies are not in business to be helpful to car owners. They are in business to make money. Considering how much profit there is to the dealer/salesperson selling such warranties and that maybe half of your premium actually goes to the warranty company and in the scheme of things they are not going to lose money on the deal, then it's got to be a bad buy for me. I've also heard of a whole lot of cases where the warranty company either went out of business or made it difficult to get claims paid. Others feel that they want the peace of mind and that's okay too.

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