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Old 02-28-2007, 08:49 PM   #3
Rain Man Rain Man is offline
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I bought an extended warranty on my BMW after hearing that repair costs are high, and my biggest maintenance expense in four years has been removing a nail from a tire.

My wife got an extended warranty on her Ford Taurus, and she's had one breakdown in seven years, which was covered, but was less than the cost of the warranty. However, she took it in for a checkup at 60,000 miles, and the car repair shop saw the warranty as a gift from God, and they did about $2,500 in repairs that I questioned were necessary, but I wasn't involved. My take on that is that, if I was a garage owner, I'd give out free warranties to car owners as long as I could do the repairs.

My working theory now is that the quality of vehicles is high enough that going without a warranty is a good risk.
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