Gearhead Jim
Full time employment: Posting here.
We never buy extended warranties and that has worked well for us.
The one exception is that for the last 20 years we have had a series of Corvettes. They are great fun to drive but they continue to reinforce my decision to switch to Japanese for our family cars.
Our Corvettes were a 2001 (5 yrs/66k miles), a 2006 (3 yrs/44k miles, hit by an idiot), a 2009 (8 yrs/102k miles). We bought the GM extended warranty on every one of them, and "made money" on the extended warranty each time. Our current 2017 is now at 35k miles and just ran out of factory warranty, we have the GM extended but haven't used it yet. Time will tell.
I've had several people tell me, based on their personal experience, that they would not own a Corvette or any European car unless it was under a warranty.
The one exception is that for the last 20 years we have had a series of Corvettes. They are great fun to drive but they continue to reinforce my decision to switch to Japanese for our family cars.
Our Corvettes were a 2001 (5 yrs/66k miles), a 2006 (3 yrs/44k miles, hit by an idiot), a 2009 (8 yrs/102k miles). We bought the GM extended warranty on every one of them, and "made money" on the extended warranty each time. Our current 2017 is now at 35k miles and just ran out of factory warranty, we have the GM extended but haven't used it yet. Time will tell.
I've had several people tell me, based on their personal experience, that they would not own a Corvette or any European car unless it was under a warranty.