Mel Ahrens, MBA,  Kelly Right Real Estate, Customized Choices for your Real Estate Needs (Kelly Right Real Estate)

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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I have found that insurance companies have two objectives.

  1. collecting your money
  2. finding ways to avoid paying your claims

best to self insure.

Insurance companies like casino owners have run the numbers and they never lose in the gamble. The only way you can win in either case is to not play the game.

Jan 01, 2018 02:38 PM
Rainmaker
4,166,053
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

last Nov. I bought a new 2017 BMW 430xi hardtop convertible..... it's a 3 year warranty.... I'll buy a 2 year warranty before it expires....

Jan 01, 2018 02:32 PM
Rainer
131,731
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

We bought a new (used) vehicle in March. We did not purchase an extended warranty.

Jan 01, 2018 03:12 PM
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I do a Lexus every ten years and don't seem to need one. I didn't even do 10,000 miles in 2017.

Jan 01, 2018 03:09 PM
Rainmaker
2,560,752
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

I have not purchased a new vehicle in quite some time. Living in the city, I don't drive that much. If I were purchasing a new vehicle I would consider an extended warranty given the new technology.

Jan 01, 2018 02:19 PM
Rainmaker
621,906
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

We don't generally buy extended warranties on anything. The first time we did was for our appliance package. We bought a new home 3 years ago and we used the builder extended warranty on our dishwasher about 5 times before it expired (so did our neighbor) and the tech told us that it was a matter of time before our fridge ice-maker went out as it is a known issue. We bought a 5-year warranty and they have been out to fix the ice-maker 4 times and they need to come out again. Frigidaire Gallery. They are pretty but terrible appliances. Anyway... the general answer is no, we don't buy the warranty but for appliances, it has saved us a bundle (though they refuse to fix the actual units). We also don't buy new cars. So... I guess I'm no help. -Kasey

Jan 01, 2018 05:20 PM
Rainmaker
1,044,669
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I leased my current car, but my last one was a certified pre owned one, so I had an extended manufacturer warranty on it.  I liked it.

Jan 01, 2018 05:18 PM
Rainer
74,289
Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

nope.  If I need a repair, i pay for it.  

My reasoning is this

If I buy the warranty and dont use it, I've wasted my money.

If I need a repair and the warranty doesn't cover it, I have waster my money. 

If I dont buy the warranty, I can shop around for the best rates and feel I am paying for a certian repair that is needed.  I feel better this way.  

Jan 01, 2018 04:09 PM
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Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

    I don't buy extended warranties on anything.  

Jan 01, 2018 03:50 PM
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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I bought my truck this past Fall. It's still under bumper to bumper warranty. When the warranty runs out I will buy an extended warranty but it won't be for 7. I won't have my truck that long. I seem to have a pattern of holding vehicles for about 4-5 years max.

Jan 01, 2018 02:34 PM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Mel Ahrens, MBA, Kelly Right Real Estate - I did buy a new car and no extended warranty!

I'd drive these many miles in half the time only so what's the point?

Jan 01, 2018 06:57 PM
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Carol Williams
U.S.: I specialize in helping agents who have been in the business 2 years or less create a thriving business. - Wenatchee, WA
"Customized Mentoring & Marketing Services"

I have been thinking about a new car.  I had no idea there was such a things as 7 year extended warranty.  I am curious how much that costs.

Jan 01, 2018 04:57 PM
Rainmaker
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Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Will depend on the cost of the warranty

Jan 01, 2018 04:25 PM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

It has been 30 years since I bought a new car

Jan 01, 2018 04:20 PM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Nope.

Jan 01, 2018 03:25 PM
Rainmaker
202,363
Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

I haven't bought any new car so I'm of no help right now.  However, I'm interested what others have to say.

Jan 01, 2018 03:21 PM
Rainmaker
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Yes and did buy the 7 year extended. It was too good to turn down $$ and as you say covers all the tech. I highly recommend

Jan 01, 2018 03:19 PM
Rainmaker
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Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Nah, I don't buy "New" cars anymore, only "previously owned"

Jan 01, 2018 02:58 PM
Rainmaker
3,356,514
Dorie Dillard
Coldwell Banker United Realtors® ~ 512.346.1799 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

No I haven't bought a new car lately but did buy the extended warranty. It's proved to be worthwhile.

Jan 01, 2018 02:44 PM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

NO and No yet

Jan 01, 2018 02:41 PM
Rainmaker
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Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I purchased a certified used car 2 years ago. I did get the extended warranty. So far, the only work I've had to get done (other than maintenance, oil change) was covered by the warranty. And yes, the technology is at the root.

Jan 01, 2018 02:16 PM
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Anthony Kirlew
Fiscally Sound - Gilbert, AZ
Helping You Make Fiscally Sound Choices

First, I never buy new cars (not a good investment). Even when I bought my Lexus, I saved $12k but buying it used from Carmax. I then went to the Lexus dealer and bought the license plate bracket, so no one knew the difference :-)

Becuase we buy used, I always buy an extended warranty. Those warranties have been good to us and saved us lots of money (Throttle body replacement, power steering pump replacement are the two big repairs that come to mind).

Jan 02, 2018 07:39 AM
Rainmaker
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Diana Zaccaro
Veterans Realty of Brevard - NOT just for Veterans! - Cocoa Beach, FL
Your Brevard County, Florida coastal connection!

Great question and good timing...I am due for a new car soon and started casually looking a couple months ago. My last two cars I bought new and did not take the extended warranty but the previous car was a year old, certified vehicle so I took the extended warranty but it was not seven years.

I only needed to use it once and the service department at the dealership where I bought the car tried to get out of honoring it even though the repair was covered and the extended warranty was still valid. Eventually they saw it my way and  and honored it but not until I ran it up the chain and told the GM that I would alert the media and my attorney would be in touch.

I haven't though about taking an extended warranty when I do buy my new car and don't know of any brand that offers seven years...can you share?

Jan 02, 2018 12:15 AM
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Haven't bought a new car in a number of years. But the warranties were good on the recently used cars we bought!

 

Jan 01, 2018 08:20 PM
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Debe Maxwell, CRS
www.AtHomesCharlotte.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I did an extended warranty for mine 6 years ago (certified used car - 1 year old) - it's time for a new one but, it's still running just fine so, I can't bear to part with the money for a new one!

I would definitely spring for the warranty, Mel!

Jan 01, 2018 08:12 PM
Rainmaker
1,414,160
Sandy Padula and Norm Padula, JD, GRI
Realty One Group - Carlsbad, CA
Presence, Persistence & Perseverance

I did and no I did not. I figure if I start to have problems while still under warranty, I will kick it to the curb

Jan 02, 2018 08:25 AM
Rainmaker
842,827
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Yes, it's about 8 months old. No extended warranty since this vehicle probably won't see more than 5,000 miles per year. The dealer's push to purchase the extended warranty did not help their cause.

Jan 02, 2018 08:10 AM
Rainer
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Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

It would depend on how long you keep a car. For me, I trade about 3-4 years, so wouldnt be worth it.

My biggest issue seems to be I get frustrated because my phone has better tech than my car, and I can't be patient.

Bought a brand new Ford Fusion Platinum last year, loaded to the teeth. They say it will park itself, I haven't tried that yet. LOVE it so far! (clients like it too) 

Jan 02, 2018 08:05 AM
Rainmaker
657,114
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Just got a COP - Certified Pre-Owned; much better value.Turned in the leased one; did not like leasing. Never bought any extended warranties.

Jan 02, 2018 07:14 AM
Rainmaker
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Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Mel Ahrens, MBA, Kelly Right Real Estate The last time I purchased an extended warranty for my car when I took it in for a repair, it wasn't covered. Read the fine print.

Jan 02, 2018 06:35 AM
Rainmaker
2,587,891
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I do not as i know i wont have the car for 7 years with the miles i put on a car. I like to have a newer car, peace of mind, no repairs and reliable

Jan 02, 2018 05:54 AM
Rainmaker
4,146,537
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I bought a new car in 2016.  I did get an extended warranty.

Jan 02, 2018 05:50 AM
Rainmaker
1,444,654
Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Rockledge, FL
... a small office, delivering big service!

Have not purchased "new" in almost 20 years.  I get by with the remaining factory warranty and skip any others.

Jan 02, 2018 05:13 AM
Rainmaker
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

The only extended I do is "Certified Pre-Owned" (Volvo)

Jan 02, 2018 05:12 AM
Rainmaker
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I lease and get a new car with all new technology every 3 years.  I do not buy extended warranties. 

Jan 02, 2018 04:58 AM
Rainmaker
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Nina Hollander
RE/MAX Executive | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I don't buy cars, I lease them, as that makes the most sense for me tax-wise.

Jan 02, 2018 04:25 AM
Rainmaker
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Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Don't buy warranties, driving a 2014 Jeep now and have had super luck with 17 jeeps over the years.

1

Jan 02, 2018 04:17 AM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Los Angeles CA

I never had a car for 7 years, so I just pay by month, and switch easily if I find something better. 

Jan 01, 2018 11:35 PM
Rainmaker
657,405
Joyce Marsh, Daytona Beach Florida
Premier Sotheby's International Realty - Daytona Beach, FL
Certified Luxury Specialist and Interior Designer

I bought a certified Lexus with extended warranty. It was attractive to me since it added extra protection. I typically keep my cars for long time so the warranty is of benefit to me. 

Jan 01, 2018 10:26 PM
Rainmaker
581,019
Richard Bazinet /MBA, CRS, ABR
AZuRE Team - Realty ONE Group - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

I don't keep my cars 7 years. But never buy the extended warranty. I get new cars, and when the warranty is about to expire, I decide if I keep the car or not, or service contract/warranty or not at that point.

Jan 01, 2018 09:20 PM
Ambassador
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Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

no and no.  I buy "mechanical breakdown" as part of my auto insurance that covers the car bumper to bumper to 100,000 miles.

Jan 01, 2018 07:41 PM
Rainmaker
260,286
David Martin
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality

Not recently and yes I got an extended warranty but I shopped it around and bought the extended warranty from a DIFFERENT dealship than I bought the car it saved me over $1500 for the same coverage

Jan 21, 2018 09:44 AM
Rainmaker
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Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I bought two cars this year - leased one for the business and replaced by 1996 RAV 4 with a 2015 one that is in very good condition.   I was not offered this warranty.

Jan 04, 2018 08:26 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Jan 04, 2018 07:41 AM
Ambassador
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

I did not purchase an extended warranty because the dealership gives a warranty for life on all their new cars as long as the owner keeps the service schedule up to date.

Jan 02, 2018 03:45 PM
Rainmaker
641,475
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

I do not buy extended warranties when I have control over what I purchase. 

I will explain exceptions later.

Control means I do not buy V1 nor one that is completely tricked out with all the gizmos.  No extended warranty for the purchase which I have full control.

Exceptions: When I need a new printer or shredder I buy what Staples is selling in the deep discount offer. I know these will fail under heavy usage withing 12 months. Warranty means replace, not repair. I can live with that.

Reputable brands will either fail within weeks (manufacturers warranty) or last the lifetime of the product. That is a good question to ask.

Of course when it comes to airbags, automatic braking and autonomous controls....all bets are off.

And of course if I KNOW I'm going to beat up a ride, I will call Enterprise.

 PS: for the first time I purchased road hazard protection for a set if new tires. The hurricane hit. Picked up lots of roofing nails that found their way to the street with my new tires. The hazard insurance paid of big time.

Jan 02, 2018 08:43 AM
Rainmaker
2,822,065
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

No therefore no

Jan 02, 2018 03:19 AM