Can anyone help me understand this used car warranty?

[xxlukexx]

Hi,

An indy dealer that I'm considering buying a car from is pushing a warranty with it. Two levels, "platinum" (£500 for 3 years) and "platinum plus" (£800 for 3 years)!

http://www.williamssalesltd.co.uk/pages/warranty

My instinct is that these warranties aren't worth it, but when I spoke to the dealer he said they didn't use third party warranties but arranged them themselves, and that this was closer to a manufacturers warranty than anything else (esp the plus one).

My feeling is that there isn't enough info on these pages to judge whether it's worth it or not. What I really want to see is what's excluded. That being said, I have no idea what I'm talking about with this sort of thing. Does anyone have any thoughts on it?

The car I'm looking at is a £7k, 10 year old Lexus, if that helps judge it.

Cheers in advance for any insight,

Luke

[anonymous-user]

How do you know they'll even exist in another three years?

Personally I'd save the money and stick it in the bank as a repair fund if you're worried.

[xxlukexx]

charltjr said:

How do you know they'll even exist in another three years?

Personally I'd save the money and stick it in the bank as a repair fund if you're worried.

Good point.

I have basically decided that I don't want it, just wondering if anyone who knows more about it than me can give me a good reason why I'm wrong.

Cheers,

Luke