Run, don't walk away from this deal! So called "warranties", actually referred to as Service Policies in the industry, are HUGE moneymakers for the selling dealer...commissions for the salesmen are large, which explains the pressure on the customer. You are essentially betting against yourself that you will have some kind of expensive catastrophic failure. Only a small percentage of owners come out on top of these policies. You are far, far better off taking the $4,000 and putting it in a savings account to cover future repairs, and adding to it when you are able. These policies have more loopholes than a Swiss cheese.
|