Extended warranty for used car?

[compuwiz1]

Do you believe in extended service agreements, when buying a used car?

Hypothetical situation:

2003 Porsche Boxter
9 mos of original factory warranty remains, but car has 43,000 miles on it. Factory warranty expires 4 years from original date of delivery to original owner, or total mileage of 50,000.

You are going to finance this car for 6 years. Car qualifies for a 6 year from date of sale, or 100,000 mile extended service agreement. Keep in mind your payment is already going to be $750 per month +/-, so now it might be $825 +/-

So, do you take out this insurance?
Why?
Why not?

 

[Aimster]

you must be a rich man.

$825/month
+ $200+/insurance
+ $200/gas

= $$$ month

compuwiz1 = the rich

 

[Drakkon]

I found an extended warrenty on a used car to be priceless as my last used car had to have an engine replaced and it would've cost me twice what the extended warrenty cost.
a porche is an awesomely built car though and if you baby it and take care of it with regular maitenence you should have no problems...

 

[compuwiz1]

Originally posted by: Aimster
you must be a rich man.

$825/month
+ $200+/insurance
+ $200/gas

= $$$ month

compuwiz1 = the rich

Uh, those aren't my bills.

Mine:

$1326 pmt for both cars.
+ 196 Insurance (you were close)
+ $400/gas, except in boating season, then it's $1000+ :Q

 

[snoopdoug1]

Don't even buy that car, it's fugly 🙂