Comments on: Extended Warranties http://www.savingfreak.com/saving/extended-warranties/ A Hobby, An Obsession, A Way of Life Tue, 06 Jul 2010 15:44:52 -0500 hourly 1 http://wordpress.org/?v=3.0 By: Intentionally spend your money | On Financial Success http://www.savingfreak.com/saving/extended-warranties/comment-page-1/#comment-196 Intentionally spend your money | On Financial Success Tue, 01 Jan 2008 20:01:54 +0000 http://www.savingfreak.com/?p=113#comment-196 [...] you ever been asked to purchase an extended warranty when buying an appliance, car, or home [...] [...] you ever been asked to purchase an extended warranty when buying an appliance, car, or home [...]

]]> By: Money, Finance and Fancy: The Carnival of Personal Finance #132, Whimsical Christmas Edition http://www.savingfreak.com/saving/extended-warranties/comment-page-1/#comment-172 Money, Finance and Fancy: The Carnival of Personal Finance #132, Whimsical Christmas Edition Mon, 24 Dec 2007 15:54:09 +0000 http://www.savingfreak.com/?p=113#comment-172 [...] Extended Warranties @ Saving Freak: Warranties are not a scam but they are also not a good financial decision. The retailers are making huge profits on these warranties and that is why there is such a push to get you to purchase one. Personally, I’ve never purchased a warranty and don’t intend to, knowing that they’re not worth the cost. [...] [...] Extended Warranties @ Saving Freak: Warranties are not a scam but they are also not a good financial decision. The retailers are making huge profits on these warranties and that is why there is such a push to get you to purchase one. Personally, I’ve never purchased a warranty and don’t intend to, knowing that they’re not worth the cost. [...]

]]> By: Aaron Stroud http://www.savingfreak.com/saving/extended-warranties/comment-page-1/#comment-159 Aaron Stroud Fri, 21 Dec 2007 04:01:48 +0000 http://www.savingfreak.com/?p=113#comment-159 <em>"Spending extra money on a rapidly depreciating asset just doesn’t make sense (and yet people still buy brand new cars)."</em> I'd agree that paying for an extended warranty doesn't make sense for vehicles, but some brands depreciate slow enough that the depreciation is fairly minor (Honda & Toyota). Especially when you consider what the previous owner might have done to the engine (skipped or late oil changes, etc). On top of that, some manufacturers even have cash back offers running now which makes it even easier to choose a new vehicle over a used one. "Spending extra money on a rapidly depreciating asset just doesn’t make sense (and yet people still buy brand new cars)."

I'd agree that paying for an extended warranty doesn't make sense for vehicles, but some brands depreciate slow enough that the depreciation is fairly minor (Honda & Toyota). Especially when you consider what the previous owner might have done to the engine (skipped or late oil changes, etc).

On top of that, some manufacturers even have cash back offers running now which makes it even easier to choose a new vehicle over a used one.

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