On Sat, 28 Aug 2004 20:06:54 GMT, "Arctic Inferno"
<SpamShield-ArcticInferno@yahoo.com-SpamShield> wrote:

>> > I have a Honda Civic LX 2001 manual transmission.
>> > About six months ago, I had to replace the front struts,
>> > but it was covered under the original 3 yr/36k mile warranty.
>> > The warranty will expire soon, so I got a letter to extend the
>> > warranty. 5 yr/75k mile, bumper-to-bumper, for $250 down
>> > payment and $200 x 12 monthly payments, for total of
>> > $2650.
>> > The payment can be extended over two years without interest.
>> > If I decide to sell the car in a year, I can either get prorated
>> > refund, or transfer the warranty and payments.
>> > Should I get the extended warranty, or should I risk it and
>> > save $2650?
>> >
>> The only issue with an extended warranty is the probability of
>> spending the warranty fee ($2650) over the ensuing 39K miles
>> or the next two years. The per year expected costs for
>> maintainance for years 4 and 5 for a 2001 civic suggest a much
>> smaller outlay of funds. I'd pass this up.
>
>I may not have stated the extended warranty clearly. I will get
>additional 5 years and additional 75k miles, after my current
>warranty expires. I will need to look at the maintanence cost for
>the years 4, 5, 6, 7, & 8, over the next 75k miles (when the car
>reaches 111k miles). Do you still think that I should pass up on
>the offer? By the way, it's a two-door model, not four-door.

Harvey's approach is the right one, though, to figure out if it is
worth it. Estimate the likely maintenance costs for the years in
question, LESS those that are not covered by the extended warranty...
compare to the cost of the extended warranty.

It may be called a warranty, but it is more like a flat rate payment
plan for maintenance.

Pretty well all extended warranties, whether for cars, TVs or cameras,
are major ripoffs. That's why they push them so hard. Gravy for them!

Total maintenance costs for years 4, 5 and 6 for my 1998 Civic EX were
zero.

H.