Do i need to buy an extended warranty for my new 2008 Honda Ridgeline RTL with Nav ?
Its a honda, and with that vary reliable. I would take the money that you would spend on an extended warranty and put it in a 3 year cd. When that is up so is your warranty, then put the money into a high yield online savings account. If you need to make a major repair, tap into it (by now the $1500 or so would have grown to $1800 assuming 4% interest). Odds are you won;t need a repair since its a honda. So then if you keep the money invested for 10 years you’ll have like $2200 bucks to put on a down payment for a new car. Usually these waranty’s have deductables as well. So if you need a repair, it will usually end up costing you out of pocket anyways.
