Extended warranties: Bargain or bust?
So I drop the car off today for the 60,000 mile service and get a phone call from the service guy saying my drive belt tensioner needed to be replaced, so, hold the phone, that will be another $300 and some change.
No, I had never heard of it either. And yes, I was wondering if I should get "sucker" tattooed on my forehead if I agreed to the service.
There was a pause at the other end of the line as I thought about what a great early Christmas present this was. Then much to my surprise and without prompting he tells me it's covered under my extended warranty. So I just pay for the $25 part.
So it was a legitimate need (I did some research on the Internet and found a few message boards with threads about my model needing this service and it costing $300-$400).
So my extended warranty, which kicked in after my 60,000 miles (up to 90,000 or seven years), is starting to pay off. Haven't broken even yet. But who knows what other parts I didn't know existed start to show their age.
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