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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 ...
While an extended car warranty or vehicle service contract has a lot to offer, the answer to whether you should buy one is tricky. An extended car warranty isn't the right choice for all car owners.
It's tempting to cave in at the dealership and add that extra $10 to your monthly car payment for an extended warranty. But experts advise you to wait.
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.
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.
According to Motor1.com, extended car warranties range in price from $2,000 to $5,000, with the average cost around $3,000. Factors such as your location and the specific vehicle will determine ...
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