Quote:
Originally Posted by nautiduck
First, I admit I never buy extended warranties for anything. OK, one reason I went with Toyota is its great reputation for quality and long lasting cars. Whay are people buying these extended warranties? Is the THC somehow more susceptable to problems? Or, is it more like an insurance policy for you?
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I put about 25k miles per year on my car which means my warranty will be out in about a year and a half. At only something like $1400 to take it to 100k miles I just like the security. With the complexity of the TCH and given the fact that any significant issues will have to go to the dealer I felt I would get a good return.
On another note - I traded in an '02 'Vette for my TCH. With that car, the $1000 Extended Warranty was one of the wisest investments I have every made! And General Motors wonders why their company is going down the toilet.