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SportTrac Discussion
General Sport Trac Discussion
Beyond the 7 Yr/70K Miles Warranty
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<blockquote data-quote="Thomas Rogers" data-source="post: 739376" data-attributes="member: 60724"><p>Just Jimmy,</p><p></p><p></p><p></p><p>I'm glad it was worth it to you.</p><p></p><p></p><p></p><p>But as far as insurance goes, if you think of an extended warranty as insurance, than it's a bad type of insurance.</p><p></p><p></p><p></p><p>It seems that most manufacturers price a warranty such that its cost is equal to about 1/2 of the actual charges one would be out on the off-chance some set of "worst case" problems hit them. </p><p></p><p></p><p></p><p>Put another way, I pay 50% of the repair bills up front, for something that is unlikely to ever happen.</p><p></p><p></p><p></p><p>Sure, if you get some money back, then I guess it's a better deal. Still, if a manufacturer puts out a good product, then an extended warranty is for suckers. If they put out a bad product, then the extended warranty is for the suckers who keep the product until it is off warranty.</p><p></p><p></p><p></p><p>TJR</p></blockquote><p></p>
[QUOTE="Thomas Rogers, post: 739376, member: 60724"] Just Jimmy, I'm glad it was worth it to you. But as far as insurance goes, if you think of an extended warranty as insurance, than it's a bad type of insurance. It seems that most manufacturers price a warranty such that its cost is equal to about 1/2 of the actual charges one would be out on the off-chance some set of "worst case" problems hit them. Put another way, I pay 50% of the repair bills up front, for something that is unlikely to ever happen. Sure, if you get some money back, then I guess it's a better deal. Still, if a manufacturer puts out a good product, then an extended warranty is for suckers. If they put out a bad product, then the extended warranty is for the suckers who keep the product until it is off warranty. TJR [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
Beyond the 7 Yr/70K Miles Warranty
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