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Discussion Starter #1 (Edited)
Hello There is a thread on the costs of extended warranties but i can seem to find it. had USAA on the phone about my car insurance and they also gave the following quote which seems very low compared to what I recall seeing.

I have 45,000 miles right now.

12,000miles/12 months.........762/yr

24,000miles/24months.............1011 or 505/yr

36,000miles/36months.............1457 or 485/year.

I am tempted at these costs. Anyone have any experience with USAA?

Was going to trade My 2015 on a 2018 last month to get the 2018 Demo for about 22-23K. A trade in of 13K would would cover my loan with a few extra $. But the idea of no payments has kept me in the 2015.
 

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As with any service contract, get the details on what's covered.
 

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Extended warranties are rarely used. Just put the equivalent funds into savings each month, then should you have an unexpected major repair bill you can tap this money to help pay for the repair. If you decide to purchase an extended warranty find out if it is transferable to another vehicle. That way if you decide to trade vehicles or your current vehicle is stolen or totaled in an accident you will still get the remaining benefit from the extended warranty.
 

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Discussion Starter #4
Thanks for the input. As i possibly recall I think most people pay over 1000 per year. i was looking for confirmation on that number. If this is really the same coverage at half the normal cost the evaluation of worth changes alot.

And if any one has dealt with USAA. Which works with Vets.
 

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I added it - not used yet
Noted that the company USAA used was the same for extended health coverage.
 

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Discussion Starter #6
I added it - not used yet
Noted that the company USAA used was the same for extended health coverage.
Hello
2012 and still haven't used it yet that's pretty good
 

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The vast majority of people who buy extended warranties never use them for anything, which is why the companies who offer them love to sell them - They make a TON of money on them. If even half of those who bought them used them for a single major repair, the companies would be in a break even or losing money situation, considering the paperwork and other expenses associated with them

For the buyer, it's peace of mind and that's it - You'll very likely end up getting nothing else for your money, so make sure whatever you pay is worth it for your peace of mind. A better solution is almost always to put that money into savings to be used for the repairs . . . . and then when you don't need a major repair, you've got thousands you can use toward your next car ;)

There are of course, those 2 or 3 out of every hundred who will come out on top buying the extended warranty, so if it always seems like it rains on your parade, maybe you're one of those 2 or 3 and it will turn out to be a good deal for you

Don
 

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There are of course, those 2 or 3 out of every hundred who will come out on top buying the extended warranty, so if it always seems like it rains on your parade, maybe you're one of those 2 or 3 and it will turn out to be a good deal for you

Don
Ask yourself, If you went to a casino and had a 1 in 50 or even 1 in 30 chance of winning, how much would you be willing to bet?

Extended warranties only exist to make money for the companies that sell them. If you can get into the business of selling them, then great. Otherwise save your money. Neither USAA's or anyone else's extended warranty is worth it.
 

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Remember in 2011 all the reports of volt fires ( there was ONE )

The person that parked next to me at the condo went to the board and I ended up having to get extra insurance coverage.

Thanks to USAA ( as they cover car and house ) an umbrella insurance add on was very low cost.

The lady moved a few years later and was very sad she did not get a new car.

Good news : was after she left the board let me charge the Volt from the 120 ac plug by my car for $10 a month.

With the auto insurance / car loan at same place as extended warrant cost was lower.
 

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Remember in 2011 all the reports of volt fires ( there was ONE )

The person that parked next to me at the condo went to the board and I ended up having to get extra insurance coverage.

Thanks to USAA ( as they cover car and house ) an umbrella insurance add on was very low cost.

The lady moved a few years later and was very sad she did not get a new car.

Good news : was after she left the board let me charge the Volt from the 120 ac plug by my car for $10 a month.

With the auto insurance / car loan at same place as extended warrant cost was lower.
Umbrella policies are very inexpensive, and anyone with substantial assets should have one. They are unrelated to extended warranties. There is so much profit in extended warranties, anyone will sell you one and look to show you a discount on it to get you to buy it.

For example: If I normally make $1000 on every extended warranty policy I sell, if I can convince you that you're getting a $500 discount because of "x, y or z", you think it's a bargain, and I still pocket $500. You might think that's a win/win, but it's still a win/lose. It's just the loser doesn't know it.
 
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