Miata Mailing List: May 1993, Message #111
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   From: (none)
Subject: Re: extended warranty
   Date: (none)

> 
> Hi All-
> 	I just got a phone call which reminded me to ask for opinions. How
> worthwhile is an aftermarket extended warranty? When I worked at the Mazda
> dealer we had a few problems with some of the warranty companies not buying
> the work or parts. Of course, that was four years ago. Have things changed? Is
> it worth my money to spend $635 to extend the warranty to 6yrs/100K miles? My
> miata is my primary car, so it does get a lot of use year 'round. The company
> that called me said the insuring warranty company is Colonial National Ins. Co.
> Had anyone had any experiences with this Co? Thanks in advance.
> -amp-
> 
> 
Personally, I've never believed in extended warranties.  Lets face it, the
warranty companies are in it to make money.  That means they expect to get
more income then they'll have to pay out in claims.  Most extended warranties
have deductibles.  *That* adds to the cost.  In addition, they exclude a number
of things. *That* also adds to the cost.  Finally, many of them attach 
conditions so they end up not having to pay for a repair even if it *isn't*
excluded.  Conditions might be that you have to bring in the car for
annual inspection, or you have to have it serviced by the dealer at all of the
recommended maintenance intervals, whatever.

If I were you, (and in some ways I am since I also use the Miata for my
primary commuting vehicle at 30,000 miles per year), I'd save the money
and use it *if* you need a repair.

********************************************************************
Gary J. Fischman		NYNEX Science & Technology Center
E-mail: fischman@nynexst.com	Wireless Communications Laboratory
Compuserve: 73750,2552		Room: 2C-10
Phone: 914-644-2725		500 Westchester Ave.
Fax:   914-644-2237		White Plains, NY 10604
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