Are Extended Warranties Worth It?

[LukeVorstermans]

I am about to settle the paper work & pick up my 2008 Toyota Rav4 (4cyl Ltd) in a couple of days. My question is this: Are extended warranties and car protection packages (rust proofing, paint protection etc.) etc. worth getting? From what I have read, most books say no, - but I wanted to ask all of you directly.

[cmhj2000]

Even though I sold extended warranties, I have never been a big fan of them since I do all my repair work once the warranty expires. For one it's the law of averages. Have you ever seen an insurance company loose? Yet there is a place for them depending on particular circumstances.

It's all a matter of personal perspective and piece of mind. One big issue can easily make it worthwhile.

[cmhj2000]

My modem cut out before I could finish.

Many extended warranties have a provision for a pay back or partial payback if you don't use them. This would IMO be a no brainer.

Per rust proofing? Not for me.

Paint protection? Get a can of armor all or something similar and stick with a "paint maintenance" program if you will much like one should do for everything on the vehicle.

[marina_meggy]

Yeah! This warranty will pay for your vehicle's covered repairs after the manufacturer's warranty has expired. If you want more about extended warranty then I would like to prefer a site called Extended Warranty Shopper: Car, Truck & Auto Warranties you can get all about extended warranty. Hope this will help you.
All the best!

[phonedschick]

We bought a four year warranty for $1600. If we don't make a claim we get $1000 cash back or the full amount as a dealer credit. It is almost silly not to buy one with those terms.

[KIAZILLA]

Do not got for the rustproofing/undercoating/paint protection stuff from the dealer, they are just out to gouge you. The cars are rustproofed at the factory, the undercoating is not needed and wax your paint yourself.