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I've always gotten them and every time I say I'm not going to do it again. I don't think I've ever ended up on top with them.
I absolutely don't get warranties for stuff like the home or electronics, but I'm thinking of getting a new car and they're pushing warranty of course.
Anyone had a car warranty actually work?
I've always gotten them and every time I say I'm not going to do it again. I don't think I've ever ended up on top with them.
If you come to THIS place to get advice like that...time to put the barrel to the head and press the trigger.
Yes. Used to have an Acura CL type S and the transmission was junk. Warranty covered 2 transmission swaps and then Acura lost a lawsuit because of the faulty transmission and I got another extended warranty and had it replaced a third time. Acura dealership called me a year later and offered me $2500 over blue book so I happily sold them back that piece of .
do a ton of research on any known issues with the model of car your are purchasing. Pay yourself a warranty if you are worried about unexpected costs.
Hey good point. I should go to a message board where people drive cars.
car warranties are nice. My wife got one on her car and it has already paid for itself.
She had a couple things break that would of been pricey to fix that she didn't get charged for. With that said I will only be leasing cars after my current car dies on me.
It makes much more financial sense to lease in the long run.
Good lord I'll never lease again.
What kind of car did you have the warranty on
They are a ripoff. The factory warranty should be sufficient on any car. Get you a Consumer Reports Auto Guide and pick a car with a solid reliability history. I've used it on my last several cars...have never bought a warranty and had no issues.
Never buy a new car either. A lightly used car will save you thousands.
Just a nissan versa that my wife drives. Leasing not worth it? From what I saw leasing is the cheaper option. Car value doesn't increase like home value, so it isn't really an investment.
100% agree with this. No reason to ever buy a brand new one. Just get a car with like 10k on it.
You would only need a warranty if you are buying a car that is used to the point the original warranty is expired, no? By "new car" do you mean new to you or literally brand new? If it's used, it's probably something I would recommend. The question is simple: can you afford the cost of the warranty rolled into your loan over "x" years? If yes, it's probably a good idea because if you can't afford that you most certainly can't afford if something goes really wrong.
Normally agree, but if you are going to keep it for 5 years plus, buying new isn't terrible. Depending on the model. Sometimes, depending on the model, especially if they hold value well, the difference in a year old/10K car and brand new is only a few grand which in the big picture isn't a huge deal.
But some models you can get fantastic deals used.
japanese cars particularly honda, toyota and mazda. probably not.
euro cars, yeah
same with american junk cars
buy certified it's the real deal.
Yeah, new to me. I concur with getting a car a couple of years old. I practically stole my last car from a private seller.
But checking auto trader and car gurus etc, not much going on with private sellers. Seems like it's all auto dealers....and if I go with a dealer I know they'll push a warranty
How much did you put down on the lease?
I did the lease thing a long time ago but my miles were too far over to give the car back. I was basically forced to refinance the balloon payment after 3 years. Never again.
I'm in this line of thinkingjapanese cars particularly honda, toyota and mazda. probably not.
euro cars, yeah
same with american junk cars
buy certified it's the real deal.
Same. Except I bit the bullet and paid for the extra miles.
I used to work for a guy who was always leasing high end luxury cars. We traveled every week and he would always rent cars rather than put miles in his lease. So he was never taking his nice comfortable cars on out of town trips.
I mean to me, how I think about things like this is: How much money do I have? Do I have thousands of dollars saved to where "IF" something goes wrong I can pay it out of pocket and not be in financial trouble? If not, the warranty is a good idea. While odds are you won't use it, for the cost of $50 a month (probably less) for 5 years you can pretty much guarantee you aren't in major harms way (talking about repairs that cost 2K plus.)
I'm looking at some cars and the used (1 year CPO) aren't really much cheaper at all. To me, for the car I want, there has to be a decent amount of savings for me to buy used (which I have done).
Some models don't change much over a 2-3 year period which is where you can find good deals. But some change a lot and some hold value well so buying used isn't always a no brainer.
Yeah, or if I can be diligent and put that 50 bucks aside in a savings account for emergency, I'd have 50x12x5=3000.
But I'm not like that. I'll probably stick repairs on a credit card or something if it's a few grand or more
I'm noticing that. I'm gonna keep searching tho. I'm not really sure what I want right now either. Gas is cheap but for how long.
It's all about your budget IMO. Forget about used/new. Find your budget both total for the car and monthly and then go from there and don't go over. If you can afford something newer in the budget that fits, great. If not, look used and find what you need that works.
Mazda is owned by Ford now tbh.japanese cars particularly honda, toyota and mazda. probably not.
euro cars, yeah
same with american junk cars
buy certified it's the real deal.
I got mine certified used. They threw in a 7 year/100k mile power train warranty for free.
Yeah for cars, I wouldn't touch a Mazda.
Toyota and Honda are the 2015 Warriors and Spurs tho
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