Extended Service warranties!

[seriousfun]

I've sold a lot of extended warranties in my time, but I have purchased very few.

Statistically, you are better off to put the money in even a savings account than purchasing the extended warranty on a car. Most major repairs (engine, transmission, suspension replacement, etc.) either happen within the warranty period (rare these days) or far after any warranty has expired.

I did buy the bridge coverage with my financing - my credit union will pay full value for the car if it's totalled for the life of the loan (actually more likely, statistically, than major repairs during this time period).

The extended warranty is pure profit for the dealer, and the salesperson/finance manager at the dealership get a nice spiff ($$$) when they close you on the warranty.

FWIW