Quote:
Originally Posted by KC911
I've never purchased an extended warranty of any type, and have never had to take a new car in for work that was covered.
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You have been very fortunate. Millions of folks have car troubles. Go to any, and by that I mean all, auto dealerships and you will see a parking lot full of vehicles in need of repair. Some minor and maintenance, but lots of very expensive major repairs.
I have had vehicles that never needed repairs other than minor and I have had plenty that needed major repairs. New tranny's, rear ends, steering racks, bad struts, bad ac condensors, heater cores that went bad after of couple of years, etc.
On my '02 Mountaineer, I passed on the extended warranty. Big mistake. I have spent over $6,000 in the last couple of years replacing expensive parts including wheel bearing/hubs - 6 times, transfer case, ac condensor, various sensors, vaccuum lines, and the list keeps on going. All of this between 60,000 and 100,000 miles. I am done with Ford.
My new Honda Van has been to the dealer several times during its first year. I bought an 8 year 120,000 warranty on that very complicated vehicle and expect to use it.
I think without warranties on new vehicles, folks would drive their old cars much longer. It is usually cheaper to continually fix an older car than make payments on a new one.