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Comments
Self-insuring pays off.
Consider the outcome If every time we're offered an extended warranty on anything (Auto, TV, Appliance, Stereo, camera, etc.) we put the cost of the extended warranty in a special savings account. Then withdrew from that account if/when needed to pay for any needed repairs. After a few years the account would likely have a balance adequate to cover any repair, with some spending money left over.
Doubt it? Look at your history.
The floor is now open to those who have experienced exceptions to this.
I can't remember a single car repair, electronics repair or replacement that would have otherwise been covered by an extended warranty. If there were any it was only a few hundred dollars worth. In contrast I've saved several thousand dollars, so there's no doubt I'm way ahead, even if I have a few big ticket items come up in the near future.
The trick is not to pick and choose because you'll end up buying the ones you don't need and not buying the ones you do need.
Some people buy them just for peace of mind and if that's the reason and you understand it may not be saving money - go for it.
YMMV.
Air Cond systems, transmissions, timing chains/belts that break and cause valves to hit pistons, computer electronics, suspension systems, can all be over a grand to repair if they need major repair...
I agree in one sense...if only one of those items breaks, than the cost of the repair is probably about the cost of the ext warr...
But if two or three of those systems break, your total repairs may exceed $3-4,000 or more, then a $1500 ext warr would be quite useful...
Another thought...some folks may not have the lump sum of $1500-2000 for the repair, but the warr cost spread over time ($1500 over 48 month loan is $31.25 per month, a little more, say $35 per month with interest) can be managed by most...
My 2000 Intrepid had a 75K ext warr, and it had something break almost every 30 days once the odo broke 69K miles...I took it in for warr repair at least five times, and I know that the combined repairs cost much more than the $1200 I paid for the warr back in 2000...to me, well worth the cost...
The ext warr is just insuring against risk, and the risk of not having to come up with the lump sum for repairs...if you never have a warr repair in 100K miles of driving with a 5 year, 100K ext warr, you still have not wasted $$$, as you were always covered for the risk, and it just means you bought a damn good car, something that does not seem to exists on these posts, when you read all the complaints that are posted in these topics...
I learned early that Asian vehicles didn't break important stuff. . .ever. Little s(tuff) went south from time to time, but who cares -- pay the man the $90.
If external warranties made sense, they wouldn't be sold. These people aren't looking to lose money. They prey on the fears of people who buy cars that don't last.
It is, apparently, a winning business model. Just leave me out of it.
I purchase life insurance because altho I am betting I will die, if I don't I do not feel that my premium was wasted if I live another year...
All I am doing is paying a risk premium that covers me for major (and minor) mechanical failure...the coverage for minor failure is gravy, since I buy it for the major coverage...
The only thing that makes sense is to finance the warranty. If you can afford to pay $1500 cash for a warranty at the end of the factory warranty (which a lot of people do) then you can afford to pay for just about any repair.
Self-insurance is always cheaper, if you can afford it.
I still carry that insurance because I don't want the potential of a $20,000 hit to my budget hanging over my head. I can deal with a $3,000 hit, tops. So, no extended warranty for me.
Others have different threshholds, and life is better for them by being insured.
Question: How much does an extended warranty cost, and for what time & mileage?
"Asian vehicles didn't break important stuff. . .ever."
Toyota/Lexus engine sludging?
I drove my '73 Datsun 240Z 224K miles over an 11.5 year period, a '73 Datsun 510 106K miles in 7 years (bought with 164K miles), and two Mazda Miatas (first one was lost in a collison) 78K miles in 4.5 years.
When I compare my experiences with those vehicles against what I endured with my Chrysler products (3) and the LS for that matter, there's no comparison, at least in a favorable light.
Anecdotal & all that, but still quite relevant, at least to me when I select my next vehicle, or extended warranty.
"I learned early that Asian vehicles didn't break important stuff. . .ever. Little s(tuff) went south from time to time, but who cares -- pay the man the $90."
Thanks for clarifying. I must have mistakenly read the earlier ststement as a general one.
am I looking at just a few bolts to undue to move it to her car or is it a bear to swap the cat backs ?
(also have to r&r the lower facia too.... (cut outs for the exhaust tips)
Thanks in advance...
am I looking at just a few bolts to undue to move it to her car or is it a bear to swap the cat backs ?
(also have to r&r the lower facia too.... (cut outs for the exhaust tips)
Thanks in advance...
The car has only 32000 mi. after five years of ownership and out of warranty.
Great car to this point.
It seems that (my best guess @ this point) it blew a spark plug.
Dealer says that just the diagnostic will take about 4 hours( and $363.00), as some disassembly is required to know exactly what is wrong!
Is anyone aware of any service bulletins or recalls to this or similar sounding problems?
Has anyone had a similar occurance( blowing a plug), and if so, the severity of the problem?
Thanks for any input.
klaus
What's the symptom? Was the Check Engine Light on?
The LS uses COPs (Coil On Plugs) and they've been prone to failure, especially if the valve cover gaskets leak oil. Maybe that's the problem?
By Wisconsin standards his BMW is a lemon several times over and whether he chooses to invoke that law of not, he will need a new vehicle. This time, he promises to listen to me.
I was thinking about appealing to his pocketbook by suggesting that he get an 05 or 06 Lincoln LS V8. Thoughts, concerns, suggestions - anything would be helpful.
Well, in speaking with the service tech, that's exactly what happened. Stripped the threads right out! Seems to me to be a defective head or cross threaded when installed at any rate, I'm comfortable with having them (heliocore?) i think that's it, and re thread it and the the new manifold with labor is $1600.00. Seems pretty strange that a vehicle with that few miles (and serviced according to the manual) would develop a problem like this! Just wondering if there is anyone at Lincoln that might be worth talking to!
Thanks for your help!
Your dealer can authorize an AWA under some circumstances but it's totally up to them.
Would I inquire to the service department about an AWA?
Thanks
Whatever it is - it's still the dealer's call.
I remember now - I was there - I had forgotten about that !!!
you and I live in the same DFW city...
Only issue I find is swapping the rear valance since one has a cutout....
give me a call !!!! or email
John
we're turning in a pristine leased one that has not had a HICCUP in 32k + miles...
I got some appraisals and they offered me 14500 for it !
it is a superb handling and riding car.... but it would cost me 19000 or more to keep it....
Still considering it, but waiting for them to make it more worth my while...
I'd get the 8, but the 6 is also a very good engine, just weaker.
I agree in essence. I also wouldn't consider the 6 to be weak.
If you want the sinking back in the seat feeling when accelerating then the 8 is the way to go.
I had a 00 and an 02 and given the way I drive, they were both outstanding automobiles with little worth mentioning in the way of service or recalls.. Pity more people don't know about them.
Exactly. They are Ford/Lincoln's best kept secret.