Exteded warranty for 2006 LR3 on 2006 Land Rover LR3

I recently purchased a 2006 LR3 with 47,000 miles. I love the vehicle thus far, but have read a lot about potential costly repairs. Are extended warranties worth the cost ($4,000 - $6,000 from my research)? Alternatively, I've considered setting aside funds which would hopefully cover any necessary repairs. Any suggesstions would be appreciated.

by in Cleveland, OH on December 01, 2010
3 answers 1 comment
ANSWER by on December 01, 2010
In my years as a mechanic, I've been disappointed with aftermarket warrantees. I'd say setting aside funds is a better idea because Land Rovers are not cheap to fix. Good thinking and good question on your part... Here's a directory link for you if you want to find a shop to work on it: http://repairpal.com/directory?address=44126&car_brand_names=Land+Rover
COMMENT by on December 01, 2010
Thank you for the reply. If you don't mind, I have one more question. Is my suspension supposed to lower every time I shut off the vehicle? It then raises each time I turn it on. I was not sure if it should be doing this on its own, or whether it should remain stationary until I manually adjust it. Thanks again.
ANSWER by on December 01, 2010
I, on the other hand, believe that a powertrain warranty is a good coverage to have. AAA offers a good coverage and it a lot cheaper than the 4 to 6k you were quoted. Roy
ANSWER by on February 18, 2011
Get a Ford Motor Company ESP Premier Warranty (Bumper to Bumper). Call your local Ford Dealer. Ford once owned Land Rover. The Ford warranty is much less expensive than the Land Rover Dealership. I just purchased one for less than $4,000.