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Keep '08 RX400h or Upgrade?

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Old Jan 17, 2014 | 05:20 AM
  #16  
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Originally Posted by maseace
Extended warranties are like casinos. The house always wins.
I'd better try my luck at the casinos, then. When we bought our 2007 RX400h, we paid $2000 to extend the cpo warranty from 3 years to 6. Just over 3 years later, we broke even with a $2200 repair to the skid control ECU, and last month the new transaxle we needed would have cost $5500.

When the warranty on my Cadillac XLR was about to run out, I bought a 6-year full-coverage service contract through Costco, and a year later I've already had a repair that cost more than half the premium.

I guess I'm just lucky... So lucky that we'll be replacing the RX just before the warranty extension expires.
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Old Jan 17, 2014 | 01:49 PM
  #17  
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You have beat the odds, but most people will not get their money's worth for extended warranties in general.
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Old Jan 20, 2014 | 08:20 PM
  #18  
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+1000000000!

Originally Posted by maseace
you have beat the odds, but most people will not get their money's worth for extended warranties in general.
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