I bought one of those warranties with a Fiat Strada 105TC back in the nineties. Was really glad I did too, as it turned out the valve guides were stuffed. One top end rebuild later and it was running sweet. Never had to claim on the electrical side though.
Just remember the basic premise with insurance though - only take out insurance if you can't afford to cover the loss yourself. Back then I couldn't afford the loss. Nowadays I probably wouldn't bother if I'm not overextending on the vehicle.
Well I just had a look via the AA as a guide http://www.aa.co.nz/insurance/mechan...own-insurance/
The kicker is you have to have all your servicing done by recognised mechanic at manufacturer intervals.... that cost straight away is going to blow any savings for someone who does their own oil changes etc...
Interesting here which cars aren't covered and that also water damage is excluded. Which is bad as most leaks are gradual and you might not notice in time and as such wouldn't be covered by ordinary car insurance either as not sudden damage. Had a leak awhile ago that only found as was removing mats to vacumn and close to one of the ecu's. Also it doesn't cover electric windows which was a big bill in past.
http://www.aa.co.nz/site-info/terms-...itions/aa-mbi/
Think i'll flag this idea....
Every great cause begins as a movement, becomes a business, and eventually degenerates into a racket - Eric Hoffer
Most of the problems were actually due to the waste gate which they didn't figure out until the turbo was replaced it was free boosting which caused a lot of the failures, subaru drivelines are not too good at handling extra power and the clutch is a deliberate weak point on them to save the rest from failure.
The heads were the fault of the workshop that did the block, I suspect they didn't clean the old head gaskets off properly. I'm actually not sure if that fell under the insurance or if he got the workshop to pay (he actually worked there in the office and was made redundant shortly after, and the workshop closed a year later).
His new WRX hasn't had any mechanical dramas yet, all the problems there are either electrical or the result of failed sensors.
Like most insurance, it's just a scam. Put money aside each month and self-insure.
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