In article <f2c0c21.0405110825.2e9d0891@posting.google.com> ,
kevin_sargent@hotmail.com (Kevin Sargent) wrote:

> On a personal note, I foolishly took the extended warranty on my 96
> Integra - which I purchased from a dealer secondhand in 1998 - and
> wasted my money. I had two relatively minor repairs done over the 7
> years / 100K miles and did not even come close to justifying the cost
> ($945 for warranty vs $600 of work).

Then why do you pay for car insurance? You never get that back, either.
It's just money down the drain....

Oh, you say. But car insurance is for "what-if".

Well, an extended warranty is nothing but insurance. It's no different
than car insurance, or homeowner's insurance, or renter's insurance, or
whatever.

That YOU didn't get anything back on it for THAT car is an accounting
argument only. You got peace of mind, right? You got the ability to
walk in and drop off the keys and have anything handled at no extra cost
to you, even catastrophic things. Is the ability to do so not worth
anything to you?

Then I ask again: why pay for car insurance? Why carry homeowner's
insurance? They're the same thing. You don't get anything back from
them, either.