Originally Posted by Slats
Iím a 62 year old lawyer who has practiced consumer protection law since 1973. I have handled countless lemon law, car fraud, and deceptive dealer practices cases, including class actions involving extended warranties. I have studied countless manufacturerís warranties, warranty policy and procedure manuals and extended warranty plans over the years. I am not unfamiliar with the facts about these things.
I own an extensively modified 1997 M3 with 200,000 miles on it. I just ordered a 1M and hope to take delivery in Spartanburg and drive it back home, passing through the dragonís tail on the way. The Top Gear video of the 1M pasting the Porsche Cayman R and the Lotus Evora S, along with some intense lobbying by my step-son, Chuck, and his friend, Dave, pushed me over the edge toward purchasing the 1M. So, you see, I am not entirely ruled by reason.
I joined this forum to glean what knowledge I can from those who know more than I do about cars. My first car, a 1957 Studebaker with a flathead six, burned a lot of oil. So, at 17, I took the engine apart and did a ring job on it in the driveway. Although Iíve been a passable shade tree mechanic ever since, I love learning more about the technologically sophisticated cars that are being produced today. But when you get right down to it, I just like to drive fast cars that handle well and to shoot the bull with others who like to do the same.
I also joined to share what knowledge I have that may be useful to others. If I have learned anything in helping consumers with their legal problems over the years, it is that consumers should not spend their hard-earned dollars on illusory goods or services.
If you choose to take that as me trying to throw a wrench into the GB, there is not much I can do about that, except to assure you that is not my intention. I just happened upon a topic that I know a little something about and thought my experience could benefit others.
I didnt really expect a write up, but thanks, and welcome aboard
I appreciate you took the time to do that. If you look from my point of view, new member, 3 posts, its not screaming credible on face value. Usually in cases like that on forums its a troll with an ulterior motive. Im glad that wasnt the case.
As for the warranty, I have never bought one before because I agree with your points to some extent. However, with all the technology and the forced induction on top of the fact that I plan on keeping this car for a long time. I thought I would look into it. I have a friend who swears by it, he had issues with his car and having the extended warranty saved him big $$$. I understand its one data point and could be a huge outlier, but up to this point thats all I had with people I know and extended warranty experience(s).
If it was a big chunk of change Id second guess it, I still will weigh my options, but the expense seems to be minimal for the peace of mind.