Quote:
Originally Posted by PsychDoc
On extended warranties I always go with the odds. And, as tempting as it may be to have that emotional security I remind myself that every other junk call I get on my phone is to buy one of these. Same with ads on TV. I wonder what that tells me.... It tells me that you're lucky to realize $0.50 on every dollar you spend on these policies. Poof, your dollar just turned into 50 cents (or less). Not a smart way to deploy your money. I've self-insured my two previous BMW's, the F10 and the current G30, both of which I've owned for 6+ years. They have both been extremely trouble free and other than brake pads and rotors, a small coolant leak and routine maintenance, there have been no other problems. But I avoid things like fancy adjustable suspensions and 20" or 21" rims that shake the car to death over potholes and things like that. Base BMW suspensions are superb and added complexity for no particular benefit is something I'll always pass on.
Like I said, play the odds and over the long haul you'll always end up ahead of the game. Investing in a product where the return is 50 cents on the dollar is just not a great idea... at least to me.
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(knock on wood) I also have not had a single auto insurance claim since 1994... and I've been with the same insurance company during all that time.
Don't even want to add up how much premium I've paid them during the last 30 years.
Loyalty means nothing to them... in fact, the just raised my premium by $1.37 for the first half of 2024.
