If you believe that I have some dry swamp land I'll sell you cheap :biggrin2: . Hey maybe on a Bugatti Veyron or some other uber exotic but if you own those cars generally your not concerned with maintenance .
$3500 for AC comp sounds about right.
It's my own opinion, but I believe that any and all insurance programs are just legal PONZI scams.Dave Ramsey talks about this often on his radio show. Extended warranties are one of the worst things you can waste your money on. I'm not sure where he found the stats, but I trust him, so when he says the extended warranty companies only use 12% of their premiums to pay claims, I will take his word on it. That means you have roughly an 88% chance of getting ripped off - even worse if you could do the repairs yourself, or you're at least willing to shop around for where to get the repair done.
Dave Ramsey Q&A
The PennyHoarder seems to support Dave's assertion. Notice the numbers that are quoted are from a Consumer Reports survey of their readers, who are probably more savvy than the typical person.
It's my own opinion, but I believe that any and all insurance programs are just legal PONZI scams.
This includes medical, Life, Auto, Home, Flood, Business liability, and all other insurances.
$80 every year to switch over summer and studded tires
Nice, we've got extra rims, but not even our buddies at Alaska Tire can give us free change-overs every 6ish months hehI have one vehicle where I do that, but since I have the tires from a local tire shop mounted on an extra set of rims, they balance them and swap them out for free. The other vehicles have to make do with all-seasons with the best ice & snow traction I could find (which is actually pretty good - not as good as studded, but the season where studded tires are allowed is fairly short here anyway).
Sorry for the diversion, folks; back to the subject.
Yes, car repairs can be expensive, especially for those who don't have the skills to DIY, or the willingness to ask/shop around, but they are also unlikely. Instead of wasting money on an extended warranty, a person would be much better with what Dave Ramsey and Clark Howard suggest - put the money in a savings account for repairs.
The bottom line is that we should have insurance (the voluntary kind) only for events that would be financially catastrophic if they were occur - death of the family's breadwinner(s) that the family counts on, destruction of the family's home, etc. For things you could afford to pay out-of-pocket or even on a credit card, it's similar to gambling at a casino, where the house always wins, but without the fun. Extended vehicle warranties are like gambling at a casino where all the games are rigged to take your money 88% of the time, instead of the normal 8% or 10% of the time.
1994 Z28 Camaro was tough... it was like an 8 hour book job IIRC requiring a lot of disassembly to get at it.
The #2 plug on that car took me 2 hours alone. And the y-pipe had to come off to get the rears.