Originally Posted by mindlessmark07
+1....I own my car outright and I am willing to take the risk.
I buy all my cars outright, but I wouldn't take the risk. It's a >$40k expense to replace an M5 engine and that's just the parts.
Yeah it wouldn't hurt me to pay that, but it would piss me off a lot - it's just not a good use of money. It's like car insurance - I have enough cash in the bank to pay for any claims including injury claims, but I'd rather not self insure.