Extended warranties are bad, right?

[Anonymous]

A real extended warranty is worth it.

For instance I bought a 2017 Chevy Cruze. I did not buy extended warranty. Near end of three years when car had 7,000 miles I bought from GM from a GM dealership I use that sells GM warranties. (Don’t have to buy when nee or dealer that sold you car) a GM official 6 year extends warranty. My 2017 cars full warranty expires 9/2028. I paid $900.

The car turns 5 in sept my second kid taking it to college next two years till 2024. Then my third kids gets it for senior year through college.

It has never broken so I have wasted the $900. But the next four years it is being driven regularly we shall see.

At $900 does not take much. My wives ACADIA had a seven year we barely used and in year six had $4,500 worth of repairs under warranty.

[Anonymous]

Anonymous wrote:Ours rolled service into the warranty. We’re in year 3 and will end up coming out on top, but not by much. We viewed is as purchasing service upfront at a slight discount with a warranty tacked on.

This is OP, so you you think I should keep the 3.5k one?

Full disclosure I already bought warranty when I got the car a few days ago, but I am considering getting a refund (will be 100% refund applied to lien I took out)

[Anonymous]

Shop around and get quotes for genuine manufacturers warranty. For HondaCare, contact Hyannis Honda. You will have the genuine warranty, roadside assistance, and save $$$. You can get a prorated refund if you sell or total the car.

[Anonymous]

When our car was new it came with a 10-year powertrain warranty and a 3 or 5-year (can't remember which?) bumper-to-bumper warranty. We paid $500 at the point of purchase to extend the bumper-to-bumper part to a full 10 years, and it's been worth it. We used it when we had an issue with our back-up camera and that in and of itself was in excess of $500. Electronics are expensive.

[Anonymous]

Anonymous wrote:When our car was new it came with a 10-year powertrain warranty and a 3 or 5-year (can't remember which?) bumper-to-bumper warranty. We paid $500 at the point of purchase to extend the bumper-to-bumper part to a full 10 years, and it's been worth it. We used it when we had an issue with our back-up camera and that in and of itself was in excess of $500. Electronics are expensive.

500 is not bad but op is talking 3.5k