That is the question. I have a 2005 STI with about 32K on the clock. I use the car as my daily driver. I have no mods, and no plans for mods outside of possibly some gauge stuff. Is it worth it for me to purchase an extended warranty from Subaru. I don't have many skills on the mechanical side, so doing my own work is out of the question. What are your thoughts?

My cousin sells these. She said it was too high for the coverage offered, and not to get it. This is without knowing about mods, are the trend for SOA to deny everything whenever possible. :D I say pass...

I got it with both of mine and consider it well worth it. If you do, just make sure you buy the one that is backed by Subaru. My service manager explained that they don't deny many claims at all. In his experience (9 years) he only had one claim denied - for a car that ran out of oil and it had all this sludge in it. I have another two years of coverage left on both cars and its paid for three repairs so far.

i bought one for $2009 on my car but decided to bring it back. I'm pretty sure once i start modding my car it will void some of the warranties. That's why i brought it back.

If you plan to leave it stock it is a good idea.

I would recommend a Gold plan (skip on the classic plan, it ain't ****) with a $50 deductible. That way it will cover everything (well almost everything) with minimal out of pocket expenses. If you want to go for a $0 dedcut you will need to pay more up front.

Oh, and I dare you to find a service dept that will deny coverage on a SAS plan. SOA makes it very lucrative for us (warranty time multiplied by %25) and we can self authorize up to $400 (meaning we do not have to call it in). SAS is a great thing!

I purchased one with my 06 sti, how can you "bring" it back? Or is this not pissible? Car only has 800 miles on it....

I'm guessing they're refering to the 3 day "grace period" you get with any legal contract. Where you can choose to back out within 3 days of signing. I may be wrong tho.

I purchased one with my 06 sti, how can you "bring" it back? Or is this not pissible? Car only has 800 miles on it....
you can get a prorated refund but not sure about the 3 day grace period

The factory drivetrain is 6 years or 50,000 miles anyway. Some of the terms of the extended warranties made no sense to me. It seemed like they charged for periods that overlapped the factory warranty. Get a Chase Subaru credit card and self insure.

The factory drivetrain is 6 years or 50,000 miles anyway. Some of the terms of the extended warranties made no sense to me. It seemed like they charged for periods that overlapped the factory warranty. Get a Chase Subaru credit card and self insure.

Yes, lots of them do that when you sign up for them at purchase. Kinda surprised me.

Insurance, by design, is always a bad deal for the purchaser and a great deal for the issuer. Think about it - how does an insurance company make money? They make money by paying out less than they take in. Ergo, although someone may get lucky, the odds are against you getting any money out of your extended warranty.

The only reason to buy insurance is if an occurence causes irreperable financial damage to you. I purchase health insurance because if I ever get cancer and do not have health insurance, I will become bankrupt and end up spending the rest of my life paying the medical bills.

So the only reason why you should get extended warranty is if a major repair will cause financial hardship and, for example, cause you to skip a loan payment, thus jeopardizing your credit rating. Etc.

Insurance, by design, is always a bad deal for the purchaser and a great deal for the issuer. Think about it - how does an insurance company make money? They make money by paying out less than they take in.
By this faulty logic, buying almost anything at any store is a "bad deal for the purchaser and a great deal..." for the store, since they charge more for something than they paid for it.
The only reason to buy insurance is if an occurence causes irreperable financial damage to you. I purchase health insurance because if I ever get cancer and do not have health insurance, I will become bankrupt and end up spending the rest of my life paying the medical bills.
This is getting closer to the reason to buy insurance. Some people would rather always pay a fixed lower cost for something instead of taking a risk of (rarely) paying a high cost, even if most of the time w/o insurance they would pay less. You have to weigh the costs of both routes, and assess your own risk tolerance, then decide.
Since most extended warranty products (including the SOA ones), have markups close to 100% or more, remember to shop around and negotiate on the price of the contract. It should be pretty straightforward to get 30% off list price.

By this faulty logic, buying almost anything at any store is a "bad deal for the purchaser and a great deal..." for the store, since they charge more for something than they paid for it.....

Wrong. A store offers a distribution service and marks up the price on a loaf of bread in exchange for the convenience. If it were not for the store, you would have to expend the time and effort to drive far away to the Wonder Bread factory to acquire the loaf of bread directly.

Not so with insurance. You are getting the same exact service and product (the same repair at the same facility near you) but with inferior payment terms in exchange for the aforementioned protection against large lump-sum payments.

Bottom line: you should never buy insurance for anything that you can afford to cover yourself with ease. Do you think people like Bill Gates take out life insurance or buy extended warranties on their cars?

Here's an example of someone who probably should buy an extended warranty: a person who has a 5-year car loan that stretches his monthly budget and who has no savings. A large repair would cause him to skip a couple of monthly payments on his loan. He should get the extended warranty to prevent accumulation of late-payment penalties and harm to his credit record.

Life insurance, definetly. He's a valuable asset to a corporation, and if he kicks it they want to be sure that they're reimbursed his "value" So I guarentee you he has life insurance.

I'm with Orsons' comments up to a point. Insurance companies use very good statisities to establish the probabability what will go wrong & when. That establishes the cost vs cashout that is in their favor. However; stuff happens that can be very costly for some of us i.e. broke engine/transmission etc. If you are in a position to put say $2,500 in an interest drawing fund at the time you'd buy the insurance then I would skip the insurance. JMO Ed

Life insurance, definetly. He's a valuable asset to a corporation, and if he kicks it they want to be sure that they're reimbursed his "value" So I guarentee you he has life insurance.

Seeing as how MS has 100's of millions in the bank right now, I'm not sure how much cash they would need from a life insurance settlement to be reimbursed for his value. 100 Million? 300 Million? Then I can't even think what the premiums would be for that.