MBI vs Extended Car Warranties

[TkoDude]

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.

 

[VikingQuill32]

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]

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.