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by Santaanacanyon on July 22nd, 2003

Santaanacanyon

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Should you buy the extended warranty when you purchase a car?

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  • by JackNicklaus on August 29th, 2006

    JackNicklaus

    I had a good experience with buying an additional extension to the manufacturer's warranty. I bought a Porsche with about 30K miles on it. An extended warranty for $3000 was offered to cover everything up to 100K miles. It clearly stated all the components covered. I used the warranty several times to cover repairs. There was a deductible of $200 each time I took it in for repairs. The supervisor working at the garage doing the repairs grumbled because he had to make the phone calls to ok the coverage, but I easily got over $3000 worth of repairs done. I kept the car for about 5 years until it was totaled in an accident. I think the take home message here is be careful. Read the documents explaining the details of what is covered. I had an expensive car and $3000 was a good amount to pay for practically bumper to bumper coverage.

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