EXTENDED WARRANTY- Yessssssss

[quk@sievers.com (Phil Payne)]

In message <970102043634_1756154372@emout20.mail.aol.com> SaamG@aol.com writes:

> I have a 1990 coupe quattro with 61k miles on it that I picked up in October
> '95. I bought a 2 year, 24k mile warranty for it from my credit union (THE
> BEST! cheap interest, and the following:) for $690 total.

> WELL WORTH THE MONEY- and helps when you sell the car, because the buyer can
> tansfer the coverage AND feel confident that their car was not neglected.

Yes, but you're in an _entirely_ different situation.  The original
question involved buying a warranty now which will not take effect
for three years, and at that point starting cover for a three-year-old
car with a known history.

You obtained instant cover for a five-year-old car whose service and
use history you didn't really know.  This is a _totally_ different deal
from advance financing a deal at three times the price you paid - for a
three-year-old car whose history will be completely known.

Effectively, the original poster was being asked to pay up to three
times as much as you paid, and to cover a much smaller risk.

--
 Phil Payne
 phil@sievers.com
 Committee Member, UK Audi [ur-]quattro Owners Club