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Extended Warranties: Do the Math

I recently bought a new car and the finance guy asked how many miles I drove in a year. The answer is approximately 20,000. He asked because he intended to use that number as his argument for convincing me I needed to shell out a couple more thousand dollars to pay for an extended warranty. And to his credit, he made a strong argument, and I caved and bought the warranty. What's another $2,000?

That conversation started me wondering how many miles I'd driven over the past decade, a period in time when my daily commute was much longer. So I did some rough calculations and determined that a conservative estimate put the number at 36,000 a year which translates to 360,000 for the past 10 years. Did you know that it is 238,900 miles to the moon? So by my calculations over the past 10 years I logged enough miles to have driven to the moon and one third of the way back.

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Mon, February 10, 2020 @ 2:07 PM

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