Should You Buy: Extended Warranty

Avoid buying the warranty at the moment of purchase for new cars. You won't use it for several years while the manufacturer's warranty is active, and you can usually buy it later. The "Self-Insurance" Alternative

For many consumers, the cost of the warranty exceeds the likely cost of repairs. However, it can provide significant "peace of mind" for those who cannot afford a sudden, large repair bill. should you buy extended warranty

If you plan to keep a car or appliance well past the manufacturer’s original coverage period, a warranty can bridge the gap during the "vulnerable" years. Avoid buying the warranty at the moment of

Read the fine print; many warranties exclude "wear and tear" items or require high deductibles that make small repairs not worth claiming. should you buy extended warranty