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I'm about to buy a 2006 Corolla with 86,000 miles for my son.

craig113craig113 Posts: 1
edited March 2014 in Toyota

I'm about to buy a 2006 Corolla with 86,000 miles for my son. The car comes with a powertrain warranty for 2 years or 100,000 miles on the odometer. The dealer is also offering extended warranties for about $1300 to cover at least to some extent brakes, steering, seals and gaskets, electrical and air conditioning. I normally decline extended warranties on the theory that the dealers, or manufacturers, make money on them which means customers on average lose money on them. But the mileage on this car is causing me to rethink that. Any advice? Thanks.

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Answers

  • isellhondasisellhondas Issaquah WashingtonPosts: 18,211
    edited March 2014

    86,000 miles is nothing for a Corolla!

    Of course dealers make money on extended warranties. You are basically buying insurance.

    Some people like the peace of mind.

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