Shelled out $300 for a certified pre-owned warranty on my Honda at a shady lot in Phoenix
I always thought extended warranties were a straight up scam, something only people who don't know how to change their own oil buy. But my 2012 Accord had 120k miles and the transmission started slipping real bad about 3 weeks after I drove it off the lot. The dealer wasn't gonna help, but that $300 warranty actually covered the rebuild, which the shop quoted at $2,100. I was dead wrong about that whole industry, at least for used cars with high miles where you dont know the history. It saved my butt because I barely had cash for rent that month, let alone a surprise transmission job. Now I'm wondering if anyone else has had a cheap warranty actually pay out big or if I just got super lucky?