Dude Wut?

So I get a message on my Facebook (picture un-related)-

I just read your blog post... And although you have one or two points correct... the reality is you're giving your readers very, very bad advice. While it is true that if you going to keep the car for a shorter period of time than the warranty... you don't need one... One should always buy the warranty that is offered by the manufacturer.. if they plan on keeping the car. One average air conditioning repair and you have your money back. You said... Most cars don't have major engine or transmission problems... that is true... but most houses don't burn down either... I still have fire insurance.. Question: Have you ever sold cars.. and if so... how long? Peace.

Now normally I would not respond to such idiocy, but because it is Facebook and I have potential customers there, I felt the need-

First, I never advocated not buying the warranty from the manufacturer. What I am saying is the OEM coverage that comes standard with the car at the time of purchase is often enough for most buyers. I also never said "don't buy extended warranties" what I did do is lay out questions that a buyer should consider before making the decision on whether or not an extended warranty is worth their money. If a buyer is only going to keep a car for 5-7 years than forking over thousands of dollars for extra coverage would not be wise. If a buyer is going to keep a car for 7+ years it might be worth it depending on the car and the known issues surrounding that specific vehicle. If you read any of the comments on the post, you will see instances where the extended warranty was a good buy. But more often than not these purchases are just throwing money out the window. Think about it, if I spend 3500 (a recently quoted powertrain warranty for a 2010 BMW with low miles) for 3 years and at the end of those 3 years, nothing happens to the engine and/or transmission which historically have not been issues with the 328 E90, I have just wasted that money. However, if I chose to put that money aside for 3 years in case of a repair emergency and I don't use it that is money in my pocket. On the flip side, Chrysler offers very extensive lifetime warranties for its customers. Since Chrysler vehicles aren't known for their top-notch reliability this would be a good purchase for someone owning a MOPAR vehicle for a long time. As to your analogy about house fires, it is a false one. Home insurance is different than an auto warranty. Houses do not come with coverage at the time of purchase, furthermore in the unlikely event of a fire most homeowners would not have the capitol to cover the cost. It is the same reason why we have auto insurance. However, in the unlikely event of a transmission failure, financially responsible individuals might be able to fix a transmission or an engine out of pocket. At the end of the day, my objective is not to tell people what to buy or not buy, it is to give them all the information necessary so they can make the best decision regarding their purchase.