We didn't buy it when the finance manager offered it to us at closing. I figured his price was higher than what I could find the same thing for elsewhere and I was right.Did any of you purchase the 7 year extended warranty from the dealer when you got your new Jeep? Is it worth it or a rip off? Would love to hear your thoughts. Thanks!
X2, Good Philosophy!!!!!!!:thumb:Extended warranties on any item, are a waste of your money!
The exception to this would be if you plan on buying a item that has known failures, but then again why would you purchase it, when you know that it is going to fail?
Think of it this way, are they really going to sell you a extended warranty so they can lose money and go bankrupt? We all know the answer to this one, and of coarse it is NO..........This is one of their highest percentage profit centers. Don't be suckered into it!
It has been proven statistically many times, that you are better off, to just make a payment to yourself, put it in your bank account each month. Now if you have a failure, well then the money is their to pay for it, if no failure, well just keep drawing interest on it!!!!!!!!!!! Some day you may need that money for a emergency, or take a lavish vacation on it..................
It's your decision, but I have used this Philosophy all of my life and it works!
Many people say that an extended warranty is like buying insurance. Insurance companies don't expect to shell out $100,000 or more to everyone who buys a policy. However, with enough people buying them there's payout money available to those who file a claim.Extended warranties on any item, are a waste of your money!
Everybody has to have a comfort level in life! Some chose to pay for that comfort and others have enough confidence from past experience to know when to shell out the money and when not too.........also current cash flow on hand would be a influencer in that decision. For me, not spending money on unnecessary insurance policies, has paid off for me in my 79 years of life. What I consider as a necessity is auto insurance, home insurance and medical as a must have. Everything else is of individual choice.........:thumb:Many people say that an extended warranty is like buying insurance. Insurance companies don't expect to shell out $100,000 or more to everyone who buys a policy. However, with enough people buying them there's payout money available to those who file a claim.
Sure, people can take the $2,000 that it costs for a max care lifetime extended warranty and spend it on other things. However, when their transmission fails after 4 years and they get that $3,000+ repair bill I'm sure most people would wish they'd bought the coverage.
I don't usually buy extended warranties. However, we plan on keeping our 2013 Sahara for 10 years or more. For $2,000 upfront it will be nice to know I won't be paying for any repair bills on it during that time.