Extended Warranties

Monday, April 21, 2025
The subject of this section is the new/used vehicle extended warranty or service contract, which finance managers at dealerships will try to convince you is the best thing since sliced bread. And although we wouldn't go quite that far, considering today's ever increasing costs for repairs and longer length of vehicle ownership, an extended warranty may be a good idea -- AS LONG AS YOU DON'T PAY TOO MUCH FOR IT!

You may have read or heard opinions from so-called experts who flatly state that all extended warranties are a bad idea, and that you should put the money you would have spent on an extended warranty into a savings account to cover the potential cost of repairs. Unfortunately, the overwhelming majority of buyers do NOT put this money into a savings account, so when a catastrophic breakdown occurs, the owner ends up facing a huge repair bill.

Remember that an extended warranty is just another name for a "mechanical insurance policy" on your vehicle, and the entire concept of all insurance is based on receiving more in premiums than what is paid out in claims. The primary benefit of an extended warranty is the peace of mind that this, or any other knd of insurance provides for the buyer - and that is a personal decision.

CAR BUYING TIPs

  • Always Get an Auto Insurance Check-Up whenever you can - it can save you hundreds of dollars.
    Every car needs to be covered. Get the best auto coverage rates available in your area. - FREE "Online Real-Time" Comparison Auto Insurance Quotes.

  • Get a Vehicle History Report BEFORE buying a "used/preowned" or "demo/program" vehicle.
    AutoCheck - Get your FREE VIN Check first (to make sure it matches the vehicle)- Then protect yourself with a complete AutoCheck vehicle history report!
    CARFAX® - Don't buy any used car without a CARFAX® vehicle history report.

  • Buying A New Car Extended Warranty directly on-line can save you up to 60% than buying at the Dealers.
    Warranty Direct - Free Quotes - Extended Warranty for a new or used car or for your boat or jet ski.

  • CAR-FINDER™ - Use AutoPedia's Free "Shop & Compare" Quote System to get a Hassle-Free, No Obligation Quote!!
    PriceQuotes (New & Used)

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    Last Updated: 04/21/2025 02:04:05. Copyright ©1995-2025 by AUTOPEDIA®, all rights reserved. AUTOPEDIA®, CAR-IQ™, DEALERPEDIA™, SIMULSEARCH™, EVERYTHING YOU WANT TO KNOW ABOUT EVERYTHING YOU WANT TO BUY™ and INTERQUOTE-RFP™ are trademarks of PEDIA®. All other trademarks, tradenames and/or service marks are the property of their respective holders. Although all information and prices contained herein are obtained from sources deemed to be reliable, AUTOPEDIA® assumes no responsibility for the accuracy of the information and no liability for any errors and/or omissions. All information is subject to change without notice.