Endurance car warranty reddit9/13/2023 they have access to statistics that will tell them car model W manufactured by company X in the year Y will cost $Z to repair every year. Regardless of how reliable your car is, the insurer is selling you coverage so that they can MAKE MONEY. cars that have a good reliability record will cost less for extended warranty coverage. cars with poor reliability will cost more to get extended warranty coverage. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. Get your financial house in order, learn how to better manage your money, and invest for your future. Banking Megathread: FDIC, NCUA, and your cash.Private communication is not safe on Reddit. Scam alert: Ignore any private messages or chat requests.And we're talking about cars that would cost a lot of money to repair or cars with bad rep. I've owned cars out of warranty for the last 18 years and my out of pocket expenses for repairs (outside of normal wear and tear) which would be covered by a warranty comes to basically zero. I find it funny how most of the upvoted comments in this thread are people who are chiming in on how extended warranty saved them. That's why for most people, insurance for healthcare and housing is important because hardly anyone has enough money to pay twice over for an expensive surgery or a total loss of a house. If you can buy something twice over then you won't need insurance (or in this case, extended warranty) for it. Just like all insurance, whether you should get an extended warranty depends on if you can afford to cover the replacement cost. All the anecdotal stories people tell on forums are just the 1%. It just depends what you can get the month to month down to, your situation, how long you’ll keep the car and checking what they do (and do not) cover. Multiple consumer surveys over multiple companies, cars, drivers and years always come back that overall you loose money on them, which really we could have figured out without all the research as car warranty businesses make money lol. Is it usually worth it financially speaking? No. There will always be the odd car that blows a tranny or head gasket or something and it was totally worth it. It’s peace of mind (that’s what’s in it for you).Īre they ever worth it? Yes, of course. It’s like all insurance - 90 times out of 100 it will cost you money (that’s what’s in it for them), 9% of the time it’ll save you a little or be a bit of a coin toss, and 1% of the time, 1% of the time something REALLY expensive comes along and you don’t have to worry because it’s covered. Will my husband divorce me if I dehydrate tomatoes in his F-150 truck?ĭennis Collins, a Highway Accident Investigator at the National Transportation Safety Board The wonderful and epic tale of Yoshi the Yarisįorget the trunk monkey, check out trash pandas. Trying to identify a car? Try /r/whatisthiscar, /r/namethatcar, or /r/rbi.įor information on content removal, user warnings, and bans, please see the Chain of Action page. Create a text post that includes the link and your thoughts on the subject matter.Ħ: Users will need to participate in threads created by others in /r/cars before being able to make their own threads. -Basics of swapping engines/layouts/transmissions/bodiesĢ: Direct image and video links are not allowed due to anticipated reduction in moderator tools.One Million subscribers! WooHoo! Autos Network Subreddit List Follow us > /r/Cars Wiki However, we encourage you to explore other online platforms. We try to be a helpful discussion-driven community while maintaining high-quality discourse and topical content. We're Reddit's central hub for vehicle-related discussion, industry news, reviews, projects, DIY guides, advice, stories, and more. r/Cars is the largest automotive enthusiast community on the Internet.
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