Are Car Extended Warranties Really Worth the Money?

Learn why car extended warranties may not be worth the money and what other options are available.

Are Car Extended Warranties Really Worth the Money?

When it comes to car extended warranties, it's important to understand that they usually come with a lot of coverage exclusions. This means that the most common issues may not be covered by the warranty, making it a waste of money. Some experts suggest that an extended warranty could ease the stress of unreliable car owners, but if you're looking for a vehicle known for its reliability, a warranty probably isn't worth it.Rather than buying coverage, you can always choose to set aside a fund for emergency repairs. There are many problems that certain types of extended warranties present, and here are a few more reasons why they just aren't worth it.

The national car club offers a vehicle service contract that combines warranty protections with additional services, such as battery replacement, trip reimbursement and car rental coverage. However, adding that cost to an auto loan (which is another major scam) only makes an already expensive offer even more expensive.Extended warranties may not cover lightning hitting your house and frying your television, or you may be so angry about the loss of your favorite sports equipment that you throw your plate of hot wings at the screen. Cell phones, in particular, are one of the most common items where people buy extended warranties without even thinking about it. Companies have done the research and know exactly how to ensure that they are moving forward when it comes to extended warranties.Extended automaker warranties are available exclusively for cars sold at branded dealerships.

When you make a plan for the month, you're less likely to waste your hard-earned money on things you don't need (like extended warranties) and you're more likely to save money for things you do need (such as repairs). Vehicle service contracts, often referred to as extended warranties, are a tempting option for consumers buying a used car or for those who want to extend coverage for a new car.This means that if a car dealer tries to get you to buy an extended warranty, they'll know exactly which parts of that model tend to break down and how quickly. At the end of the day, adding an extended warranty to your car (especially if you owe money for it) just isn't worth it. Just because a company says it's protected with an extended warranty doesn't mean it covers all situations.

After calling customer service, you'll discover that you only need to replace a part that isn't covered by the extended warranty.In conclusion, car extended warranties are often not worth the money. They come with many exclusions and can be very expensive. Instead of buying coverage, it's better to set aside a fund for emergency repairs. If you're looking for reliable vehicle protection, consider other options such as setting up a monthly plan or investing in vehicle service contracts.

Célia Peals
Célia Peals

General twitter advocate. Extreme tv enthusiast. Certified web buff. Certified bacon fanatic. Infuriatingly humble coffee fanatic. Hardcore zombie enthusiast.