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Starks8, Before you shell out money for a warranty you probably don't need, Figure out how many miles you average a year. Most of the time the extended warranty looks good but only ever adds years to your coverage if you don't really drive your car.

Doing the math I drive an average of 20-25K a year, extended plan would only give me 6months to a year of warranty extension. Instead of spending that money, use it for any repairs you actually get. I only had ONE repair on my cruze outside the b2b, at 94,000 miles I fixed the leaking transmission cooler line for $225.

 

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Plus didn't you mention your highest repair ever in 30 years on the road was $400? You are like the Dos Equis man of Car repairs. My first repair ever in the early 70s was $600, and a cracked head out here in the Desert was over $2000. One (1) repair pays for this coverage

I must be lucky, I have never spent more than a months car payment for ANY car repair, EVER. Anytime I start having to pay for car repairs is time for me to start considering a different car.

I guess these plans make sense if you forget you have a powertrain warranty or don't know about what it covers. You would also need to forget that at the average american rate of 13,500 miles a year most extended plans will run out well before the extra time frame you pay for? On a 7year/70K plan the average american would only see 2 year extension of their B2B and also be on the hook for $100 deductible for every dealer visit beyond the 36K. That so called 7 year plan would run out on mileage in 4-5 years with most drivers. These plans are sold as profit makers, they know new cars should not need thousands in repairs in the first 5 years, let alone the fact it only covers from 36-70K so more like 2 years or less.

My cruze had 95,000 miles on it and April 9th was start of year 4. I had 5000 miles/12months powertrain warranty left so all repairs would be mine soon. Instead I got top dollar in trade for my car, used all that extended warranty money I saved as a down payment on my new ride. This gave me a car with low mileage again and 5 more years warranty. You also probably wouldn't believe it but I came out ahead on my cruze and with the thousands I put down on the new car my monthly payment dropped by $150!!!