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Old 08-22-2009, 10:57 PM
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roadfrog roadfrog is offline
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Join Date: Aug 2009
Location: Chilliwack BC
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Extended warranties historically are worthless. Every consumer org and publication advises against it. Did you look into what the cap is for repairs? Some specify a maximum per incident repair cap at 2500. A tranny repair alone will be more than that.

Put it this way, the "warranty" company (it's actually a service policy) is betting that you'll never use the warranty and your betting you will (with your money up front). Are you a betting man? Because the house almost always wins.

There is so much small print it'll make a lawyer squirm. Another example, I was given free of charge, a 1 yr powertrain and seals/gaskets warranty from Coast to Coast with my purchase. I'm almost trying to get out of the policy because it requires me to do oil changes every 3000 miles or 3 months (to the tune of 130 bucks each) on synthetic. And it must be done by a certified shop - no DIY. So in a year I'll spend over 500 dollars in oil changes for a limited chance that I'll need to use it. It also has a 2500 dollar repair cap.
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Chris

03 X5
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