I have had my 2012 since dec of 2011, I have not replaced anything that would have been covered by a warranty except possibly the $20 washer pump. I would rather have a good car than a good warranty.
I know of someone who got $9k from an accident. Spent it all on a somewhat newer model Ford. Several months later now it needs nearly half that amount for a transmission. Currently with their limited income even after a year they probably still won’t have the funds to fix it. So there it sits.
So whatever you do, you should have that emergency fund of $4000 or so saved before you spend any money on anything other than even the basic necessities.
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A prepurchase inspection goes a long way to finding a reliable car too.
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