Quote:
Originally Posted by fjasper
If some financial genius could come up with an installment-paid maintenance plan, it might make people more likely to maintain their vehicles longer. Seems like it might be the unpredictable nature of repair costs that make new car payments look like a better deal. The incentives are wrong, though, giving people motivation to buy after they discover a problem and cancel after a covered repair. I guess the extended warranties with a refund clause (if you don't make any claims, they refund some or all of the warranty cost) is designed to address this.
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I have one of those. It's called a budget.