Extended warranties
#1
02-11-2014, 09:39 AM
Join Date: Mar 2012
Location: Delanco, N.J.08075
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Extended warranties
Feb. 11, 2014
I was just thinking how glad I was that I bought the 3 year/50k extended warranty when I purchased my 2007 Mini last year from "Mini of Mt. Laurel, NJ.). I believe it ran around $2,300 . Would you believe that about 1 month later my in dash navigation system when nuts. The images were upside down and the writing was backwards. What a surprise while riding down the highway. I brought it back to the dealer, and they tried everything to repair it, but they couldn't. They ended up sending it back to the factory and I received a new one which they installed free. The total repair was almost $1,800 . I am sooooo glad I purchased the extended warranty. I buy the warranties on all the used cars I purchase.
Gordon
I was just thinking how glad I was that I bought the 3 year/50k extended warranty when I purchased my 2007 Mini last year from "Mini of Mt. Laurel, NJ.). I believe it ran around $2,300 . Would you believe that about 1 month later my in dash navigation system when nuts. The images were upside down and the writing was backwards. What a surprise while riding down the highway. I brought it back to the dealer, and they tried everything to repair it, but they couldn't. They ended up sending it back to the factory and I received a new one which they installed free. The total repair was almost $1,800 . I am sooooo glad I purchased the extended warranty. I buy the warranties on all the used cars I purchase.
Gordon
#2
02-11-2014, 09:53 AM
Good job. I'm glad you got lucky. Just like you, Las Vegas has occasional winners but by far the majority of players in Las Vegas and the extended warranty world are loosers. My thinking is they are all snake oil. If a particular part on a car survives infancy there's a good probability that the part is not faulty. If that part is maintained properly and not abused there's no reason it should fail. I'm ahead of the game. I've owned cars, motorcycles, boats, etc. since 1952 along with all my household appliances and I've never purchased an extended warranty. Not yet has there been one occasion where I've regretted it.
#3
02-11-2014, 10:05 AM
Join Date: Mar 2012
Location: Delanco, N.J.08075
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Good job. I'm glad you got lucky. Just like you, Las Vegas has occasional winners but by far the majority of players in Las Vegas and the extended warranty world are loosers. My thinking is they are all snake oil. If a particular part on a car survives infancy there's a good probability that the part is not faulty. If that part is maintained properly and not abused there's no reason it should fail. I'm ahead of the game. I've owned cars, motorcycles, boats, etc. since 1952 along with all my household appliances and I've never purchased an extended warranty. Not yet has there been one occasion where I've regretted it.
Yes, this is one instance that I am glad I had it. A lot of the used cars no longer have any guarantee. If you don't buy the extended warranty then you have only MAYBE a 30 day warranty. I noticed at a Harley dealer that when you buy a used bike you have NO warranty at all. You must buy the extended warranty or everything comes out of YOUR pocket. Another way for the dealers to make more money. That's America......
#4
02-11-2014, 10:27 AM
2nd Gear
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