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(Consumer Reports did in fact concede that in some circumstances extended warranties are warranted, such as when buying a repair-prone brand where the warranty is comprehensive and cheap.)
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The high cost of buying a car is one reason it can be so tough to decide whether to add the extra expense of an extended warranty. According to Motor1.com, the total cost of an extended warranty ...
An extended warranty, sometimes called a service agreement, a service contract, or a maintenance agreement, is a prolonged warranty offered to consumers in addition to the standard warranty on new items. The extended warranty may be offered by the warranty administrator, the retailer or the manufacturer. Extended warranties cost extra and for a ...
New car factory warranties commonly range from one year to five years and in some cases extend even 10 years, with typically a mileage limit as well. Car warranties can be extended by the manufacturer or other companies with a renewal fee. Used car warranties are usually 3 months and 3,000 miles.
MY2013–2018 Crosstreks with the CVT have had their transmission warranties extended to 10 years and 100,000 miles (and one year after their warranties were extended, that being 2018 for MY13-15 vehicles and 2019 for MY16-18 vehicles, regardless of age or mileage), with Subaru saying there were no complaints or conditions behind the extensions.
Extended warranties themselves come with a few downsides that make them worth skipping. For one thing, they're often expensive -- AARP reported that stores keep 50% to 70% of what they earn on ...
Consumer Reports is a United States-based non-profit organization which conducts product testing and product research to collect information to share with consumers so that they can make more informed purchase decisions in any marketplace.
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