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.
MBI vs Extended Car Warranties
- Thread starter TkoDude
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VikingQuill32
Member
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!
VintageRicky84
New member
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.
Ugh, I can't help but roll my eyes every time another MBI commercial pops up on TV. The actors are always going on and on about how much money they’ve saved on repairs, but funny how they never mention all the people who are paying into it and getting absolutely nothing out of it. LOL
rambo8211
New member
Haha, TRUE! It’s like they’re all about the savings, but conveniently skip over the fact that some folks are just out here paying for the whole thing with nothing in return.
sherwin143!
New member
Am I late to join in the conversation? 
I heard they’re only offering extended warranties for cars that are practically brand new. Ridiculous right?! Those cars are still under the manufacturer’s warranty. What are they even selling?
I heard they’re only offering extended warranties for cars that are practically brand new. Ridiculous right?! Those cars are still under the manufacturer’s warranty. What are they even selling?
I think the whole extended warranty thing is a gamble. If you get one, you might end up paying for something you never use, or you could get lucky and have it cover something major. I just prefer to keep track of my car's condition and set aside some cash for any surprises. But yeah, it’s all about how much risk you’re willing to take!
TirsoGarcia
Member
I haven’t tried them myself, but it’s true that MBIs are usually easier on the wallet and more flexible. Extended warranties, though, are like a VIP pass for your car, more coverage but at a price. Hopefully, someone with experience can fill in the gaps! Sorry not exactly a fan of extended warranties myself
I’ve always gone the MBI route for the flexibility and lower upfront costs, but I can see how an extended warranty could feel more secure if you want more comprehensive coverage.. At the end of the day, it really just boils down to how much you're cool with paying for that peace of mind!