Tuesday, November 22, 2011

What is a good extended warranty to buy for a 2005 Mazda Rx8?

I am going to buy a 2005 Mazda RX8 with 46k miles on it. I want to get a warranty that covers a lot of what people say seem to break down so much on them. Any suggestions of where and what kind to get. I know that Mazda extended the Engine warranty, but that is a very basic warranty. I looking for a good warranty for price and results.





Thanks,


James|||pretty much the only extended warranty places have been sued by attorney generals in many states, because they are all greedy cheating companies, the only warranty that is worth anything is a factory warranty, everything else that breaks on a car is normal wear and tear items. you want to keep your car new, dont drive it, thats the only way. There is no company that pays off unless your car is new.|||I've never heard of any extended warranty that was worth the $$$$.|||A warranty is a form of insurance. Insurance companies have to produce a profit. In order to do that they have to collect enough to invest so that any claims presented do not deplete the cash reserves. The way they used to cover the costs was by investing in the stock market. Well the market keeps going down. So right now the way they cover the loss is by fishing in new customers (similar to a Panza scheme), and those buy the insurance are paying for the break downs of the customers already in the system.


The last time some one wanted to sell be an extended warranty, the price was 2000 dollars. Now if I had taken 2000 dollars and put it in the bank, it would have covered the cost for repairs. Money would have been left over for repairs outside of the time mileage coverage of the policy. This is true in most cases. More so for drivers who take car of their cars both with scheduled maintenance and by following the directions in the owners manual.


So if you want cheap coverage, put money in the bank to cover repairs, read the owners manual and then follow the manufactures recommendation with the exception of finding a good rotary mechanic who has his own garage.

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