extender warranty

["Nikhil Raj" <nik_66@xxxxxxxxxxx>]

John:

I just posted something last night in regards to this.  Basically, I 
paid $1400 bucks for bumper to bumper coverage.  This extended my 
warranty to 7 yrs or 100k.  The name of the company is "The Plan"(see 
last nights post for the phone number).  In the one year in which I've 
had the coverage, it has paid for itself.

- ------
Date: Mon, 07 Dec 98 12:29:19 PSTFrom: "John Nevius" 
<john_nevius@domain.elided>
Subject: Extended Warranty     All,     
     I'm considering an extended warranty for my '95 E36.  For a 7 year 
/ 
     70,000 mile bumper-bumper warranty (3 more years), I was quoted 
about 
     $2,150 from my dealer.  Extending the mileage to 100K would 
increase 
     the cost to about $2,600.     
     The plan he offered is called "Automotive Preferred Care" and is 
     offered by Western National Warranty Corporation.       
     The plan covers labor and parts for mechanical failures, it does 
not 
     cover diagnostic costs, and a deductable applies.  Disposables are 
not 
     included, nor are clutches, shocks, glass, upholstery, heated 
seats). 
     By my rough and ready calculations, $2200 this is about equal to 
     spending $850 each year for the next three years (at 8%).  If I 
factor 
     in the deductable, I'm guessing I'll need to rack up $1,100 - 
$1,200 
     in broken stuff each year for the next three years to make this 
work 
     out.          Thoughts?               Is this a reasonable price?          
          Thanks!!               John Nevius     '95 E36

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