Is an Extended Car Warranty Worth the Money? Nope. Extended car warranty plans are usually not worth the money for the majority of those who purchase them. Studies by consumer groups have found that most plan owners say they pay more for the premium than they get back in covered repairs. ...
If your car is nearing the end of its warranty or if you’re buying a used car from a dealership, getting an extended warrantyfrom the manufacturer (not the dealership)of your vehicle may be an option to consider. Extended Car Warranties From Top Auto Manufacturers Go to the specific automa...
CarsShield extended warranty plans cost between $110 to $170 per month, depending on whether or not you get a discount. Our team received quotes for several vehicles for unlimited month-to-month coverage, displayed in the table below: PlanVehicleMonthly CostTotal Cost Diamond 2021 Nissan Altima...
Second, buying an extended warranty from the manufacturer of your vehicle need not be done at the same dealership at which you purchase the vehicle. Any dealer of that brand can sell you the contract and you can shop prices by phone to ensure you get the best deal. Third, like CARCHEX...
Generally, extended warranty schemes are not worth the money: On average, paying for repairs out of pocket is less expensive than purchasing a plan that you may never use. Generally speaking, you’re better off opting for a model with a proven track record of reliability, or a certified pre...
Additional options, such as the CarMax MaxCare warranty, may also be purchased as an add-on. This extended car warranty option offers more comprehensive coverage than its included limited warranty, which only covers you up to 30 days or 1,500 miles. CarMax Trade-In If you want to trade-...
Part of his job is to attempt to sell you additional high-profit products and services that are often not worth the cost. Examples are: extended warranty (not needed on a brand new car), security devices, credit insurance, window VIN etching, paint sealant, fabric protectant, rust proofing,...
Buying a car, whether it's a first-time purchase or not, can seem like a daunting task. You've probably seen your share of car commercials on TV and recall hearing phrases like "down payment" and "APR." Although some of the terminology may seem confusing, once you break it down, bu...
If a dealer refuses to remove these additional items that you're not interested in, then walk away from the deal. Always consider whether the cost of an extended warranty is worth the added fee. In some cases, it makes more sense to build your own emergency fund to handle unexpected ...
For example, if you plan to drive significantly more miles than average over the first five years of ownership, an extended warranty may be worth the peace of mind after the standard warranty package expires. However, if you're leasing and sticking to a low-mileage situation, that same ...