JPWhite
Well-known member
Nubo said:beachfitrob said:I dunno, I don't think the Nissan extended warranty is a ripoff...lots of electronics and electric stuff to break after 36K. I bought mine though, not leased.
I got it before 3/36K used, but you can still get the warranty up to that point so I was good to go as third owner. Another reason to roll the dice. It was originally titled as a rental too, and probably is why my battery is degraded. Also was a FL, then TX car.
My view of extended warranties is, they wouldn't offer them unless they made money from them. So, it's like a casino. You might win but the house wins more often than not. Casinos probably give better odds
In this aspect it's like all insurance policies. You should only pay to insure those things you can't afford to lose. For most of us that probably rules out things like extended warranties for household appliances, smartphones and computers, and probably extended car warranties. A new car, I insure against damage and theft. For a 10-year-old car I just carry liability insurance.
Extended warranties on cars can often be worth it if you keep the vehicle long enough. Most people trade earlier than they intended and don't get the 'opportunity' to use more than they paid for. I have taken some extended warranties, while turning others down. Typically I break-even or come out slightly ahead, not bad for the peace of mind and free rentals while the car is worked on. So far the Nissan Warranties I have purchased have been reasonably priced, furthermore if you total the vehicle or sell it, you can terminate the warranty early and get a pro-rated amount back.