Reply With Quote
Mazda was rated a top car brand for 2016 - I think top 6. Regardless of who own's them, still rated very highly for reliability.
http://www.consumerreports.org/cars/...best-vehicles/
Depends on the car tbh. Never buy the wheel warranties though, I paid like $1200 for one when I was young and dumb buying a BMW. Never used the thing once. I wouldn't worry for warranties on anything Japanese but german yes. I've spent so much on repairs on the BMW since I've owned it, sometimes it would cost $3k for a trip to the shop, almost always guaranteed to pay over $1k+. I've never had any problems with my Lexus. Toyota has legit engineering, not overly complex like german stuff.
Mazda was rated a top car brand for 2016 - I think top 6. Regardless of who own's them, still rated very highly for reliability.
http://www.consumerreports.org/cars/...best-vehicles/
I guess they've come up in the world.
+1
Blake, most times is isn't worth it. The only real exception is big ticket items like transmissions that you might not be able to find the short term funds for. You are better off in the long run setting aside $4,000 or so in a in something that earns a small amount of interest. Cut out the overhead of the warranty.
If i were you I'd get the extended warranty especially for the power train....I bought a 64 Ford Chevy Impala one year and shopped that around at a credit union to finance it and they sold me the warranty at 1.7% intereat and .....go buy you a Prius or or Ford Escort dawg or a drop top Mazda Miata like DPG has... and drag race the out of em....
I thought most power trains go 10 year/100k already.
Lol drag racing a prius
The key there is having the discipline to actually do that, having the lump sum money to do that vs rolling into the loan in bite size amounts at usually 2% or less interest & what type of car (new vs used).
Sure, purely financially speaking it's a no brainer to do what you said, but functionally most people don't and won't do that. I am risk adverse when it comes to things like this. If I can afford the $35 a month, then I do it even though it's not the most sound financial thing to do. A big part of that is at this level of money, the amount saved is really small potatoes to me and so knowing ones self is a big part.
It's like saying you can make a 100% return on a penny investment if you do something that you normally don't do. Well, that's great, but since I don't really "care" about that money in terms of habits/motivation, it's about what I really will do.
But for bigger ticket items, looking at the financial side of the equation makes a ton of sense.
But for this, let's say the warranty is 2K and your rate is 2% on your auto loan for 60 months. You are only paying about $100 interest on that warranty rolled into your loan for that 5 years (so $20 a year). It's not a huge deal and for people that may not have the money (4K just to set aside) or discipline (far more likely) I would strongly consider it since that 2K rolled into your loan at 2% is only an additional $35 a month which most everyone can afford.
Last edited by DPG21920; 04-06-2016 at 06:57 PM.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
