3rd party extended warranties

[leswad]

Any opinions on these and which are the best? I have a 2013 Cadillac that has 30K miles on it and the stealership wants $3K for 3 more years.

 

[johngalt]

My opinion is to forget the warranty and pay for any repairs if needed. At only 30K miles, I doubt anything expensive will happen for a while.

I don't have any experience with 3rd party warranties, but I hear a lot of stories that they like to deny coverage by calling everything a 'wear item'.

 

[Rpg]

These extended warantes generally yield about 94 percent profit.

Tell you anything?

Cars, home appliances: don't do it!

 

[alexfitch225]

Any opinions on these and which are the best? I have a 2013 Cadillac that has 30K miles on it and the stealership wants $3K for 3 more years.

I got a route 66 warranty for my car. It has basically paid for itself.

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[rockquarry]

Like home warranties, these are a cut above a scam, barely.

 

[Franklin]

Don't do it.......

 

[H Richard]

I have never bought an extended warranty on anything, and at age 75 the only major repair I have ever had to pay was on an 80's Dodge Minivan, $1700 to rebuild the transmission. I figure I'm many thousands of dollars ahead.

 

[i1afli]

If you decline every extended warranty that you're offered you will save more than enough to pay for the occasional repair.

 

[jag312]

Waste of money. I made the mistake once. Won't do it again.

 

[ChattanoogaPhil]

If you only drove it 30k miles in the last 3-4 years... $3k will pay your gas bill for the next 3-4 years 30k miles.


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