Wednesday, July 23, 2008

Extended Warranty

Ive decided Im going to buy an extended warranty for the new car. It needs to be purchased by the first week of August. That means I wont have enough cash, and will have to put it on a cc. FAIL. Total cost is $2k.

This will delay my cc debt payoff by 1 month, which deeply saddens me. But the delayed cc debt payoff seems worth not having to deal with the risk of something catastrophic going wrong with the vehicle. Even the average cost of repairs, according to the calcs I looked at, seem to indicate the warranty (on avg) will pay for itself. Plus, its a form of insurance. Porsche's arent exactly cheap to fix, and having the warranty will give me some added piece of mind.

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