Quote:
Originally Posted by sexobon
Being discussed was the pricing of third party warranties available for purchase on used cars as a reflection of repair record and indicator of reliability.
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Why would anyone buy a third party warranty? Why spend money for no purpose? No sense is providing some third party with a healthy profit.
Purpose of insurance is to avert a cash flow problem. Anybody risking backruptcy because a car fails really should address a fiscal problem first. Useful warranty comes free from the manufacturer (and from better dealers who actually fix used cars before selling them).
If a dealer is pushing additional warranties, well, that also implies a problem. Better is to consider other probably more responsible dealers. A big buck and hyped warranty is often associated with a reliability problem.