Join Date: Nov 2001
Location: N.Dakota, United States of America
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Re: Extended Warranty - \'03 Liberty
Take this with a grain of salt, but my personal opinion is that if you are a frugal person, you will be a million times farther ahead if you take the money you would spend on the extended warranty and put it in a savings account and add $50 to $100 dollars a month towards any repair you may encounter needing in the future. I say this because it has been my experience with extended warranties that when you need to get something fixed the very fact that you are using a warranty company SLOWS the repair process and they charge you a "DEDUCTIBLE",usually a certain percentage up to about a hundred bucks depending on the company and type of "warranty" ie. in reality insurance against repairs. It takes longer because the warranty companies always want to send an "adjuster" to verify the need for repairs and the validity of the need, ie. did the vehicle fail because of a manufacturers flaw or did the owner go out and rail it off road. The first will get fixed, the second one won't because the warranties will not cover "off-road" use. Read the fine print if you are going to go with a warranty, otherwise you may as well flush your money down the toilet, you'll end up with the same in the end.