Re: When is it worth purchasing an extended warranty on a used vehicle?

Art wrote:
> I purchased a Honda 8 year 120k extended warranty with zero deductible
for 
> my 2006 Odyssey. It cost about a grand.  For one thing the van has a ton
of 
> bells and whistles.  For the other, it is likely that I will sell it in
year 
> 7 and being able to sell it with a 1 year warranty should make it very
easy 
> to sell privately.

It should be very easy to sell privately without the insurance 
(warranty). Plus, if the van is wrecked or stolen, the insurance is 
useless. And, if you put the money in the stock market at 8% return, 
you'd have about $1600 at the end of 7 years.

> "Ray O" <rokigawaATtristarassociatesDOTcom> wrote in message 
> news:tqudnVr1ApoWcXzanZ2dnUVZ_s2tnZ2d@[EMAIL PROTECTED]
>> <techman41973@[EMAIL PROTECTED]
> wrote in message 
>>
news:2ac69101-aa3c-4302-81b5-d500287c93be@[EMAIL PROTECTED]
>>> Is it ever worth purchasing an extended warranty on a used vehicle
>>> that is relatively reliable (toyota, honda, etc.)?
>> It is rarely worth purchasing an extended warranty on a used vehicle. 
Put 
>> the cost of the extended warranty into a separate bank account and draw

>> from it for repairs to the car if necessary.
>> -- 
>>
>> Ray O
>> (correct punctuation to reply)
>>
> 
>