re: What makes LDS (Louisiana Dealer Services) a better auto extended warranty?

Because Cole Miller says so…

I generally find the Mormons to be a very honest, hard working people. They own a lot of farm land as well

They are more of a cult than a warranty company

I wonder if the business that markets extended car warranties has ever done the math to see "who comes out better on car warranties, the business or the customer?"

I've owned many new and used cars. I've never had a major repair, period. Obviously it happens, but they seem rare, and if it happens, use the $1000 that you spent on every car warranty you bought, you'd still be ahead eventually.

But how will I have the money to fix it when it breaks?? Don't most people at least have a credit card?

Just seems that one doesn't need insurance on every damn thing you own. And insurance companies are in business to win the bet.

quote:

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Whatever you thought you figured out a few years ago definitely doesn't apply today. Cost of repairs have skyrocketed and warranty prices have only had modest increases. I wouldn't even CONSIDER owning an out of warranty vehicle these days.

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I'd be willing to reconsider that position. It was from 2020.

Got any info? Don't forget to bake in reliability, timing of failure and net out the factory warranty and only focus on failures in excessive of that, then finally walk out all the non-covered items or what they'll use to deny a claim.

Also to add a little perspective on this a typical aftermarket auto warranty looks like this:
total cost - $1000 (just for ease of math)
Commission due to seller - $400
Warranty Co G&A - $100
Warranty reserve account - $500