Median out-of-pocket savings on repairs covered by extended warranties for all brands was $837. Based on a $1,214 average initial cost, that works out to a net loss of more than $375.
As JohnT stated that's great for Bubba who somehow managed to buy a new vehicle but can't keep some money set aside but in the long run it's expensive to buy something just so you don't have to give up beer for a month or so.
Yea there are a few vehicles out there that I would buy the extended warranty for just because of the reputation of the vehicle but I can avoid that by getting something else similar from another manufacturer. I keep thinking that you can look up vehicles online to see what the reliability factor is so why on earth would you buy something that has a questionable reputation? Just so you can look cool? Yea I know, I have family members, by marriage, who are currently driving some of those questionable vehicles. See them one time and the brag on it and see them again and they whine because it broke down. Ask them why they bought it and you get something along the line of "it's so cool looking".
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Today's Featured Article - Product Review: JB Weld - by Staff. JB Weld is basically an epoxy glue that does an exceptionally good job of bonding to cast iron and steel along with several other materials. As I mentioned, it is so common that I have yet to buy a tractor that did not have JB Weld used somewhere. It is sometimes used so well you can't tell its there and other times used as a sloppy quick fix. Finding where and how it can be used correctly is key to whether you are using it as an "inelegant hack" or an integral solution to difficult and expens
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