Quote:
Originally Posted by gosi
You are better off having your own “insurance” ie. some leftover cash. Any warranty for used vehicles is going to be average yearly cost of repairs + some profit margin. Also if you have a warranty you are more likely to claim every little thing and go through a more expensive dealer vs an indy shop if it was your money. Hence such a warranty doesn’t make sense for anyone.
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If you buy a Porsche from Carmax and they tell you they will cover everything bumper to bumper for 5 years 100k miles for $3k, and you don't take it, you are an idiot. One repair pays for the whole warranty. Whether it is a good value or not depends on the pricing. I am of the strong belief that Fidelity/Carmax have mispriced their warranties for German cars.
I was looking at R8 V10's and you can get a bumper to bumper 7 year 70k warranty for $4700. There is almost no chance the warranty would not pay for itself over 7 years.