My husband and I just purchased a new Subaru Forester. We wanted a safe car for the snow so we went with a Subaru. We chose new because they were similar in price to the newer pre-owned versions. We purchased in cash without financing the car. So far we followed most WCI rules...
However, when it came time to sign on the dotted line the dealer tried to sell "Subaru Added Security - Gold Plus" for $1800. Basically the "Subaru Added Security" is in addition to the Subaru's limited factory 3-year, 36k mile bumper-to-bumper and 5-year, 60k mile powertrain warranty by paying for most repairs no longer covered by the warranty for 7-years or 100,000 miles. He assured us it is not an extended warranty but it sounds alot like it.
My husband said no way but I thought it sounded great. We have 30 days to cancel this for a full refund, so we went ahead and purchased it. I like the idea of the added security for unexpected expenses with a new car with many computer systems, etc. However, my husband thinks it is better to just "self insure" with our current robust emergency fund ($50,000)?
Because WCI has been very helpful to us getting on the same financial page, we wanted to know what other WCI readers think of this?
However, when it came time to sign on the dotted line the dealer tried to sell "Subaru Added Security - Gold Plus" for $1800. Basically the "Subaru Added Security" is in addition to the Subaru's limited factory 3-year, 36k mile bumper-to-bumper and 5-year, 60k mile powertrain warranty by paying for most repairs no longer covered by the warranty for 7-years or 100,000 miles. He assured us it is not an extended warranty but it sounds alot like it.
My husband said no way but I thought it sounded great. We have 30 days to cancel this for a full refund, so we went ahead and purchased it. I like the idea of the added security for unexpected expenses with a new car with many computer systems, etc. However, my husband thinks it is better to just "self insure" with our current robust emergency fund ($50,000)?
Because WCI has been very helpful to us getting on the same financial page, we wanted to know what other WCI readers think of this?
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