I purchased a '03 Honda Element last November. Granted, the transaction took place under duress, since the vehicle I was driving was running badly and I decided to trade it in before continuing on to Denver, Co. So, I decided on the Honda tagged $12, 999. Since I trade cars every 2 years or so and ALWAYS buy used, it didn't seem like a huge risk to me, since I know a bit about cars and have probably done 20 such deals in my adult life. I have NEVER bought a warranty. Imagine my shock when I called the bank to refinance my car... read full review »