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For example, if the vehicle’s mileage is high, the car might have a shorter lifespan and require expensive repairs, making the purchase not worth it. Take care to look the car over thoroughly.
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 ...
Extended warranties are everywhere. It seems like every retailer is offering them now, even for purchases as small as a $30 toaster oven. And according to research done by Protect Your Bubble, a ...
The Office of Fair trading investigated the extended warranty market again and published a market review in 2012. They said that the UK market is worth an estimated £1billion [13] a year. Out of this £1billion they estimate 75% of people do not compare prices before buying an extended warranty.
The scope and duration of automotive warranties can vary significantly, but they generally cover areas such as: bumper-to-bumper warranty, powertrain warranty, corrosion warranty, emissions warranty and others. [2] There is also an "extended car Warranty" also known as a "service contract" which is purchased separately.
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.
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