MBI vs Extended Car Warranties

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TkoDude

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Has anyone here given Mechanical Breakdown Insurance or an Extended Car Warranty a shot? I heard they're pretty similar. MBIs are usually cheaper and have more flexible payment options. Can anyone confirm this? And what about their coverage differences? I'm a bit clueless about the details and would love to hear from those who have experience with them.
 
Since I'm planning to hold onto my car for a long time, I went with a comprehensive extended warranty for maximum coverage. 3rd party MBIs suck!
 
Has anyone here given Mechanical Breakdown Insurance or an Extended Car Warranty a shot? I heard they're pretty similar. MBIs are usually cheaper and have more flexible payment options. Can anyone confirm this? And what about their coverage differences? I'm a bit clueless about the details and would love to hear from those who have experience with them.
Rather than purchasing an extended warranty, I prefer to save money for potential vehicle repairs after the manufacturer's warranty has expired. However, everyone has different financial strategies and risk tolerances.
 

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