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Originally Posted by Quicksilver
Your anology while understood has a lot of holes in it. Only a fool would not have health, homeowners insurance, life insurance, automobile insurance. It aint about peace of mind it's about good judgement and common sense. So getting an extended warranty in no way correlates with buying insurance. If you think so try dying, getting into an auto accident, or getting open heart surgery and see where your extended warranty gets you.
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I'm with Eric. Buying an extended warranty is exactly like buying insurance. You are betting against the house, and the house either wins, or goes broke if they calculated the failure rate wrong. Either way, you lose, over a longer term or larger sample size. Yes, you can win in the short term, if you have a high number of early failures. The only time it is worth doing it is if you can't afford a single failure, because over the long run, they will make money.
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2007 X3 3.0si, 6 MT, Premium, White
Retired:
2008 535i, 6 MT, M Sport, Premium, Space Grey
2003 X5 3.0 Steptronic, Premium, Titanium Silver
2002 325xi 5 MT, Steel Grey
2004 Z4 3.0 Premium, Sport, SMG, Maldives Blue
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