Extended Warranty?
#16
Rennlist Member
Join Date: Aug 2016
Location: S Carolina coast & N Carolina mountains
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Note that I said nothing about money, taxes, etc. You did. I said "No hoops to jump through" and being on "my schedule not someone elses". I have bought cars by driving one in and another out an hour later. No 2 month rentals involved.
#17
Drifting
Thread Starter
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Regardless of the value of my net worth, I'm always trying to figure out what is the least expensive way to get things done, even if it means some inconvenience. Maybe it just comes from by business background.
On the other hand, I have a 70 year old cousin in law, who is semi retired, has a Gulfstream G450 private jet and owns a hotel in Connecticut among other business interests. I think he'd laugh at my thoughts on this. But ... given the talk on this forum about "what is the best deal out there" on this car and that car, I have to believe that many are concerned about what the total cost of ownership would be.
As I wrote, aside from the interest cost, I think my options for walking in and trading my Porsche are the same as yours and would be accomplished in about the same time (give or take a few hours). Plus, I can walk away from a lemon or one that has been in an accident at the end of the lease with no cost to me.
You are, of course entitled to look at things differently.
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#19
Rennlist Member
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I've only did one extended warranty in my life so far and it burned me in the end because there are so much small print in their favor to deny a claim it was unreal.
Like many extended warranty posts on here take the 5K and invest it somewhere for future use and you will come out ahead in the end.
Like many extended warranty posts on here take the 5K and invest it somewhere for future use and you will come out ahead in the end.