There's quite an extended discussion on this to be found here: http://www.subaruoutback.org/forums...5105-gold-plus-extended-warranty-2016-ob.htmlHello All
We are planning to purchase our first new car ever ( outback) soon and I wonder if you could share your opinion or extended warranty.
1: is it worth to get? Thinking of 7 years/100K option
2: when should I get it if yes?
Thank you so much!
Thank you very much! Dealer says we would get a better deal if we purchase it when we get the car but I guess it is sales speech.There's quite an extended discussion on this to be found here: http://www.subaruoutback.org/forums...5105-gold-plus-extended-warranty-2016-ob.html
Whether it's worth it is purely up to how much you value peace of mind. Subaru makes money on warranty, it doesn't lose it. So on average, repairs cost less than the warranty, but peace of mind is worth something as well. In terms of timing, my opinion is that it's not worthwhile worrying about it until near the end of the factory 3-year warranty.
Your not buying something that needs an extra warranty, your buying a machine that is far more advance then your 2002 and more things can go wrong with it and when they do, you would be very happy that you spent the money. It's insurance plain and simple, no one wants to buy insurance, but we all do and when something happens we're glad we had it.I would not buy something that needs an extended warranty. My 2002 will be my one and only. It sad whats being put on the road
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I like my option. New daily driver every 3 years so always under warranty.I posted this another thread about warranties...
There are two correct ways to approach extended warranties: (1) ALWAYS buy an extended warranty for every car you buy, or (2) NEVER buy an extended warranty for any car you buy. I totally understand why a person would choose the first way. You reduce the risk of paying for large repairs, and that is solid logic.
However, there are others (like me) who do the second way. I am fully aware that my tranny might go out and cost me $7k to repair. That would suck, but I have saved for it by NOT buying an extended warranty for any car (or any other expensive product) I have ever bought. I am at least $15k ahead on emergency savings at this point due to never buying extended warranties. Further, that $15k has made additional money for me via investments and business ventures. This has worked for me and my lifestyle, but I fully understand how others would not be able to stomach the way I do things.
If you accept my analysis here, then making the decision to buy an extended warranty is easy: ALWAYS buy one or NEVER buy one. By the way, a third (and incorrect) way to approach extended warranties is to sometimes buy a warranty for some new cars and not other new cars. If you do that, then you neither maximize on your emergency savings fund nor maximize on risk reduction.