Ridgeline Rtl
Do i need to buy an Extended Warranty for my new 2008 Honda Ridgeline RTL with Nav ?
I am in the process of buying a new 2008 Honda Ridgeline and the dealer is insisting me to buy the extended warranty from them because he told me that Honda factory warranty (3 years 36,000 miles) wont cover everything. So what do you think i should do, should i buy the extended warranty or can i wait until my car reaches to 30,000 miles and then buy the extended warranty?
Its a honda, and with that vary reliable. I would take the money that you would spend on an extended warranty and put it in a 3 year cd. When that is up so is your warranty, then put the money into a high yield online savings account. If you need to make a major repair, tap into it (by now the $1500 or so would have grown to $1800 assuming 4% interest). Odds are you won;t need a repair since its a honda. So then if you keep the money invested for 10 years you'll have like $2200 bucks to put on a down payment for a new car.
Usually these waranty's have deductables as well. So if you need a repair, it will usually end up costing you out of pocket anyways.
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