With Maximum Care Vehicle Protection Plan, it only goes to 125k if I see the site right. Assuming the plans offered are money makers, and not losers, they represent a losing bet to the buyer of course, but I haven't heard anything specific about it.
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Any extended warranty is a peace-of-mind thing, not necessarily an investment that pays. Just like your health insurance, homeowner's insurance, etc. is, for the majority, a "money loser", but we all hate to be without it.
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Yes, in aggregate, extended warranties make money for the company offering the warranty, but that doesn't necessarily make them a losing bet to the consumer. We paid $2k for the Toyota extended warranty (7yr/70k mi) on our old Prius, and it paid for $4.5k worth of repairs after the new-car 3/36 warranty ran out. Given that these days a single engine control computer can cost the same as the warranty, and an automatic transmission can cost 2X-3X the price of the extended warranty, one should at least
consider buying the extended warranty.
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Another aspect is, can one afford the cash payout if a major component fails? If you buy the warranty, and roll the ~$2-3k cost of the warranty into the monthly payment it adds ~$40-50/month to your payment, then all you have to come up with is the $100-200 deductible, not $2k for an engine control computer, or $6k for a new transmission.
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Like I said, peace of mind, and does one have the cash on hand to pay for the failure of one of the big-ticket items?
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