Extended warranties.

[duck__dodgers]

rule of thumb: (assuming an insurance company that follows the contract by the letter---when it's both good and bad for you)....

if you can afford any loss out of pocket with little/no impact on your lifestyle, then you probably shouldn't buy the insurance.

(this rule doesn't give you a green light to buy insurance----just when not to buy)

if it was me, and I was worried about my G repair bills, then I probably shouldn't be buying a G----unless I sell it before 80,000 to 95,000 miles.

 

[Exhaustgases]

Some aftermarket warranties, want you to pay up front to have the faultily engine or transmission removed and taken apart to inspect. Then they get to decide if they will pay for it, if they do pay then you get your $ back, if they decide to not pay you are stuck with the tear down bill. Nice isn't it? They pick and choose what they will and will not pay for.

 

[John105]

Is the vehicle out of factory warranty at this point? It would seem so at 50k. Personally, I have bought BMW factory extended and GMPP (the other is VPP or was, and it's even more complicated today as they want to sell a plan to run concurrently with the factory warranty).

In both cases, they won. With the BMW, I had zero claims. Not a typo, nada, bupkis, null.

With the Buick I had multiple claims, but still didn't break even. Actuaries figure this stuff out, so we should not think we're going to beat them, no matter what that guy Doug with a gazillion subscribers says.

At the same time, what's peace of mind worth? Folks here throw away good oil and tires, to name 2 things. For peace of mind. So maybe, it's worth it. But my experience is with factory extended warranties, where there is zero question on whether the dealer will honor. That one with Ice T has gotten some very bad reviews.