- #4840 of 4893
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Re: bias [coolrunning]
by nvbanker
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Apr 21, 2008 (9:25 am)
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Replying to: coolrunning (Apr 18, 2008 5:56 pm)
Cool is right on with the extended warranty comments. With few exceptions, claims rarely exceed or equal the premium/cost of the policy. Extended Warrantys are just insurance policys, and if the warranty costs $1700, unless you have an engine or transmission failure, most other repairs will not come up to that. If your car has enough problems to equal the cost of the warranty, you should probably get rid of it anyway. It's not going to be serviceable long term. YMMV, but the reports I've read all state the same thing - that you are generally wasting money on EWs.
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- #4841 of 4893
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Re: bias [nvbanker]
by xtec
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Apr 21, 2008 (12:15 pm)
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Replying to: nvbanker (Apr 21, 2008 9:25 am)
I paid $800 for the Max care warranty.It wouldn't take much to get that back on one repair.A transmissiom job is about 1500,that alone would be worth it.Plus any computer would cost some good change.I'll stick with the extended warranty.I read alot of people on this forum as well as others where they would benefit if they had the warranty.I bet you have life insurance.With your logic you shouldn't have that either.
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- #4842 of 4893
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Re: bias [xtec]
by mzmoniquerenee
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Apr 21, 2008 (6:14 pm)
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Replying to: xtec (Apr 21, 2008 12:15 pm)
I agree with you. I purchased an EW in December '07 my 300Limited w/Touring Package was 22 months old with 35K and so many factory upgrades and creature comforts. I thought it was my best bet for the price! While I have not had any major problems. I will tell you when my UConnect decided to stop working and I could not take hold conference calls in my car it was a huge inconvenience. It took my local dealership 4 attempts (2 new rear view mirrors) to finally repair it and that was under the original warranty. I thought to myself I am not trying to shell out any additional money for car drama.  besides basic maintenance!
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- #4843 of 4893
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Re: bias [xtec]
by illini4
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Apr 22, 2008 (9:52 am)
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Replying to: xtec (Apr 21, 2008 12:15 pm)
There is no correlation between life insurance and an extended warranty.
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- #4844 of 4893
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Re: bias [illini4]
by xtec
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Apr 22, 2008 (11:56 am)
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Replying to: illini4 (Apr 22, 2008 9:52 am)
Why, they are both insurance.Same as health insurance ,some people have it some don't.EW is like getting health insurance on your vehicle.If you think you will never have a problem with your car,don't buy the EW,but I never have seen a car that didn't have a problem.The perfect car hasn't and I don't think ever will be built.
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- #4845 of 4893
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Re: bias [illini4]
by shipo
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Apr 22, 2008 (1:14 pm)
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Replying to: illini4 (Apr 22, 2008 9:52 am)
"There is no correlation between life insurance and an extended warranty."
You've gotta be kidding. The life insurance company is betting that you won't die before the policy runs out, and the EW insurance company is betting that your car won't die (or suffer a significant number of expensive illnesses) before the policy runs out. I fail to see the difference. 
Best Regards,
Shipo
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- #4846 of 4893
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Warranty
by smithed
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Apr 23, 2008 (4:28 am)
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You pays your money (or not) and takes your chances. 
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- #4847 of 4893
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Re: bias [xtec]
by nvbanker
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Apr 23, 2008 (2:29 pm)
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Replying to: xtec (Apr 22, 2008 11:56 am)
I never have seen a car that didn't have a problem.
Au Contrare, xtec - I have had SEVERAL cars that never had one problem - just to name a few: admittedly, I didn't drive these 100,000 miles, but I did drive them for several years and a fair distance with NO problems whatever, and well beyond their warranty period.
1984 Thunderbird - 66,000 miles, no problems
1994 Mercury Cougar - 44,000 miles, no problem
1997 Mercury Mountaineer - 24,000 miles, no problems,
1998 Mercury Mountaineer - 50,000 miles, no problems,
1999 Lincoln Navigator - 66,000 miles, no problems
2002 Lexus LS430 - 42,000 miles, no problems,
2005 Lexus LS430 - 48,000 miles so far, no problems,
2007 Mercury Mountaineer, 22,000 miles so far, no problems.
Perfect cars, no. But I did have EW on the Thunderbird, the Navigator, and did not ever use either one - complete waste of money. 
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- #4848 of 4893
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Re: bias [nvbanker]
by xtec
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Apr 23, 2008 (3:32 pm)
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Replying to: nvbanker (Apr 23, 2008 2:29 pm)
I had a 02 Intrepid that had no problems ,but that doesn't mean that sometime in its lifetime it wouldnt have a problem.The highest mileage you listed was 66k.I bet you had those cars longer then you had them,you would have had some kind of problem.If you contact the people who bought those cars,they probably had some kind of problem.There is no perfect car.You didn't prove anything to me.Do me a favor and do what you want,and I will do what I want.Looks like you got rid of them before problems showed up.I worked on cars/Trucks for 25 years, and never had a car that didnt have some kind of problem.Your the kind of person who gets rid of cars before problems come up.Thats what I do,so I don't blame you for that.Like I said never seen a perfect car/truck.Seeing your from Nevada you like to gamble,I don't.Why isn't your Mariner,Explorer,Cadillac on the list?
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- #4849 of 4893
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Re: bias [xtec]
by nvbanker
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Apr 24, 2008 (7:14 am)
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Replying to: xtec (Apr 23, 2008 3:32 pm)
Now, don't get cranky - we're just having a conversation here, ok? There's no right or wrong. Unquestionably, at SOMETIME, those cars had a problem, and many of them I didn't keep long, to be sure. Several however, I did keep past their warranty period, without a problem, 2 of which I actually did put an EW on. Just didn't use it and that's all I'm saying.
Why didn't I put the Mariner on? Should have, we have 53,000 completely trouble free miles on it so far. The Explorer, the 2006, had transmission trouble, but during the warranty period, since I kept it only a year. And the Cadillac? A HOST of problems. If I were in favor of an EW, a GM car would be the recipient most easily, that's for sure.
Although I currently own a GMC truck, and haven't posted it on my Carspace - you'll note none of my GM vehicles made the hit parade.....
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