Post by lolalolalola on Jul 19, 2023 13:54:14 GMT -5
No. We can afford to fix our cars. They are money makers for the seller but if you can’t afford to cash flow any issues that may be covered, it may be worthwhile for peace of mind.
Post by melmel4854 on Jul 19, 2023 14:32:58 GMT -5
I did with my current car. I drive a lot and miles add up super quickly. Maybe I made a mistake; I don't know. My car is still under the original warranty right now.
No. We can afford to fix our cars. They are money makers for the seller but if you can’t afford to cash flow any issues that may be covered, it may be worthwhile for peace of mind.
? Something about this comment feels kind of gross.
I can also afford to fix my cars, but I'm really glad that I didn't pay an additional 10-15K out of pocket on multiple repairs on a brand new to 5 year old "reliable brand" car that ended up completely sucking.
It has nothing to do with cash flow. So far on 2/3 of new cars I've purchased in my adult life, it has paid for itself (or is well on the way to doing so). I don't know that I'll always buy it, but they way my cards have fallen, I'm glad I did.
Post by polarbearfans on Jul 19, 2023 17:50:42 GMT -5
I did on my last car and it paid for itself. I also get them on appliances. On my dishwasher it was needed almost right away. My washer and dryer it also came in handy. Nothing is made to last anymore. Usually the warranties are cheap enough or can be negotiated that it is worthwhile. Even on the things I haven’t used them on, I liked the peace of mind having it. It is like insurance. You hope you don’t need it, but you are happy to have it.
No. We can afford to fix our cars. They are money makers for the seller but if you can’t afford to cash flow any issues that may be covered, it may be worthwhile for peace of mind.
We can afford to fix our cars, too, but that doesn't mean that certain warranties aren't worthwhile. What a snotty comment.
No. We can afford to fix our cars. They are money makers for the seller but if you can’t afford to cash flow any issues that may be covered, it may be worthwhile for peace of mind.
We can afford to fix our cars, too, but that doesn't mean that certain warranties aren't worthwhile. What a snotty comment.
that was not a snotty comment. If I had trouble paying the costs of expensive repairs I would like the peace of mind of a warranty. I bought one with my first car when I was just out of university becaus me I would have no extra cash to pay for unexpected repairs. Not sure why the comment rubs anyone the wrong way. Telling people not to get the warranty and just pay for any problems implies (to me) an inability to understand that may not be an option for people.
We can afford to fix our cars, too, but that doesn't mean that certain warranties aren't worthwhile. What a snotty comment.
that was not a snotty comment. If I had trouble paying the costs of expensive repairs I would like the peace of mind of a warranty. I bought one with my first car when I was just out of university becaus me I would have no extra cash to pay for unexpected repairs. Not sure why the comment rubs anyone the wrong way. Telling people not to get the warranty and just pay for any problems implies (to me) an inability to understand that may not be an option for people.
When I commuted over 150 miles round trip daily, I always bought an extended warranty because the standard 36,000 was out after just over a year. I did that with 3 cars and don't regret it one bit.
Post by MixedBerryJam on Jul 19, 2023 19:31:53 GMT -5
My H never did, but he could fix pretty much any problem on any vehicle or appliance and agreed with whoever said it´s statistically unlikely to pay for itself. But I dońt have any of his skill set and was raised with the mindset that insurance is paying for someone else to worry about something for you, and I do generally get extended warranties on major purchases*. I will say that if I totaled up what Íve spent in coverage vs what I would have paid without it I’m also trying surely in the red. But I wasn’t paying for the *repair*, I was paying to not worry about if I’d need it.Okay, it doesn’t make sense written out like that but I did it and I do and I’ll do it again.
Vehicles, major appliances, and that sort of thing. Not random small purchases like a calculator or headphones.
that was not a snotty comment. If I had trouble paying the costs of expensive repairs I would like the peace of mind of a warranty. I bought one with my first car when I was just out of university becaus me I would have no extra cash to pay for unexpected repairs. Not sure why the comment rubs anyone the wrong way. Telling people not to get the warranty and just pay for any problems implies (to me) an inability to understand that may not be an option for people.
Yeah, that made it less snotty. Lol
Right? So, you’d RATHER just pay the 10k for the repair instead of the 3k for warranty? I know car warranty may not be the best example, but I’m a fan of warranties, travel insurance, PET INSURANCE - that’s me screaming at myself for not getting it with the Pugs. Those bank breaking, snorting bastards!
Ok douche, go ahead and call it mud. My husband DID have halitosis. We addressed it after I talked to you girls on here and guess what? Years later, no problem. Mofongo, you're a cunt. Eat shit. ~anonnamus
No. When we bought our Toyota the finance guy was being especially obnoxious about it. He was already miffed we weren’t using their financing. Finally I told him we were choosing a Toyota because of its reputation of reliability and if we wanted to have to spend even more on an extra warranty we’d probably have gone with something else. He didn’t try to argue it after that.
I do have (and love!) pet insurance for our dig, and will always get extended warranties on appliances. I worked for an appliance retailer in college. Appliances are just made so shittily these days.
Post by verycontrary247 on Jul 19, 2023 20:12:47 GMT -5
I typically do not, but we got extended warranties on the electronics in our current vehicles because those issues are hellllla expensive to fix. This was fantastic when the infotainment in my car started acting haunted and needed to be completely replaced.
Post by clairebear on Jul 19, 2023 20:16:55 GMT -5
I don't do extended warranties for cars. Something you might look into is Mechanical Breakdown Insurance through your auto insurance. My H works for GEICO and when he got a new Dodge Charger he got the repair insurance. That stupid car broke a lot and we definitely used it more than I thought we would. He now drives a Camry and we figured it would be reliable enough not to get it. Which has worked out so far! The premiums were really cheap and were worth it to us.
So I will also chime in to say, I originally bought the extended warranty thru the dealership for my current car. I was tired, the finance guy presented in a perfect way and it sounded perfect. My DH reviewed the details of that warranty and the cost and was like HELL NO. We were able to cancel and resign the paperwork and DH found a better option. Which frankly I didn't realize was possible. I thought you had to get the warranty through the dealership I bought from or there weren't any other options. Which is apparently not true. So I will say if you feel like you need more protection look around, there might be better options out there.
Right? So, you’d RATHER just pay the 10k for the repair instead of the 3k for warranty? I know car warranty may not be the best example, but I’m a fan of warranties, travel insurance, PET INSURANCE - that’s me screaming at myself for not getting it with the Pugs. Those bank breaking, snorting bastards!
OMG. Pet insurance.
I was so so SO sad when my vet discontinued their in-house insurance plan. Toothless Cat used the SHIT out of those unlimited free evaluations, and my grumpy old chihuahua-schnauzer girl's random health situations are costing me so.much.money now. *cries*
But I can also afford to pay cash for my pets, so maybe I shouldn't have purchased insurance, even when I had the chance, lol
I bought one on this car - 7 years of 125,000 miles. At 6.5 years the car needed major emissions work to the tune of about $2500. It was the only time I used the $1500 warranty. I came out ahead. I'll buy another one with my next car since I "can't afford" to repair my cars if they have a major problem.
I’m likely getting a new car in the next few weeks and I know they always try to sell extra warranties on things. Are any of them worth it?
I’m reading mixed opinions when I google.
To address your question for a new car, we don't buy them for brand new cars. They are not worth it, especially if you are buying something known to be reliable. I bought a new car in March that has a long history of reliability and we passed on all the extended warranties. I'm a low mileage driver so it's unlikely I would ever use the extended warranty to a break even point even for something that is known to be temperamental.
If you were buying a used car that is known to be expensive to repair and are a high mileage driver, I'd consider it in that circumstance, especially if you were opting for something that is more performance minded/finicky. My DH is into cars so we are always trying to balance something he doesn't hate driving since he spends so much time in the car with something that he won't kill in 3 years with his high mileage driving. The extended warranty has been worth it in that very specific circumstance. He actually rebuilds cars and has 2 classic cars but his free time is limited so fixing his daily driver himself quickly isn't realistic. We've yet to lose money on the 3 extended warranties we've bought for his vehicles. It has zero to do with being able to cashflow our car repairs and everything to do with hedging our bets to come out ahead financially because, frankly, it would be more fun to toss dollar bills into the fire pit than to pay thousands extra to the repair shop just because I can.
I’m likely getting a new car in the next few weeks and I know they always try to sell extra warranties on things. Are any of them worth it?
I’m reading mixed opinions when I google.
To address your question for a new car, we don't buy them for brand new cars. They are not worth it, especially if you are buying something known to be reliable. I bought a new car in March that has a long history of reliability and we passed on all the extended warranties. I'm a low mileage driver so it's unlikely I would ever use the extended warranty to a break even point even for something that is known to be temperamental.
If you were buying a used car that is known to be expensive to repair and are a high mileage driver, I'd consider it in that circumstance, especially if you were opting for something that is more performance minded/finicky. My DH is into cars so we are always trying to balance something he doesn't hate driving since he spends so much time in the car with something that he won't kill in 3 years with his high mileage driving. The extended warranty has been worth it in that very specific circumstance. He actually rebuilds cars and has 2 classic cars but his free time is limited so fixing his daily driver himself quickly isn't realistic. We've yet to lose money on the 3 extended warranties we've bought for his vehicles. It has zero to do with being able to cashflow our car repairs and everything to do with hedging our bets to come out ahead financially because, frankly, it would be more fun to toss dollar bills into the fire pit than to pay thousands extra to the repair shop just because I can.
I think this is a good point. I am definitely a low mileage driver. But I run my dishwasher at least 2 times a day and wash is constantly going in my house.