Iíve written about this subject before but Iím still undecided. Iíve never bought an extended warranty on anything in my entire life. The warranty Iíve been offered is through United States warranty corporation and claims to cover ďvirtually every mechanical, electrical, and electronic part essential to the operation of my vehicleĒ for 7 years beyond the factory warranty for a price of $2800.00. Thatís $400.00 a year which seems high to me for an insurance policy.
So hereís my questions;
What major repairs have you encountered and what was the cost?
I think Iím better off putting the $2800.00 in an emergency fund and paying for repairs out of pocket. Do you agree or disagree and why?
Thanks for your help.