Originally Posted by Agent Smith
What coverage does that get $2500 get you? 100%?
Usually these warranties have a "co-pay" and exclusions. I'd just as soon take that $2500 and keep it until something in the suspension breaks. Even some of the best off road suspension kits complete don't cost $2500.
I have to disagree with you on this. I have been at dealerships for years, and the extended warranties are usually a very good idea. The copay is minimal, usually around $100. Coverage is typically for powertrain components, suspension, steering, AC and major electrical. A single failed compressor, or engine/transmission failure and the contract will pay for itself and then some. You can't simply think just about your suspension. Look at other parts of the truck that can fail.
I always say that an extended warranty is just like auto insurance. You may not ever need it, but when you DO need it, you will be glad that you did have it. A single transmission failure could cost upwards of $4000 to replace. Engine? you are looking at $5000+ easily. What if during the next year you have multiple problems? You simply pay your $100 deductible, and you are on your way.
So yes, OP, you are right. It is pretty much a no brainer.