So, before I start, I'm not naive. I'm aware of the negativity surrounding used car warranties and I've been bitten by them myself in the past.
But, are the tides turning? For example, AWN has some really good reviews on Product Review.
We're considering a used X5. I've done lots of research, spoken to lots of people and I'm aware of the risks. I'm definitely not going into this blindly. But, when looking at one on CarSales.com.au the other day, there was an ad for Redbook used car Warranty. It was pretty well priced with the mack daddy option costing $2100 for a 3 year warranty (max claim $8k).
I kinda feel like $2100 would not cover an X5 8 speed box but $8k might. Considering the reviews for AWM, maybe its worth getting one of these warranties in the event of massive failure. Granted I don't expect small breaks to be covered but gearbox, air suspension, engine, etc. having them covered in a good solid, no backing-out warranty could be worth the outlay.
(Note I cannot get the AWM warranty as the car would be too old, hence the references to Redbook.)
Opinions?
Any first hand experiences?