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
Items with complex electronics or proprietary parts (like electric vehicles or high-end appliances) can be prohibitively expensive to fix out of pocket. should you buy extended warranty
If a $2,000 engine or transmission repair would be a financial disaster, paying a smaller, fixed amount for a warranty functions like an insurance policy. When to Skip It Avoid buying the warranty at the moment of
Are you considering a warranty for a , like a vehicle or a laptop, or Should I Get an Extended Warranty? - USnews/cars If a $2,000 engine or transmission repair would
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.
Many credit cards (like those from American Express or Chase ) automatically extend manufacturer warranties by a year or more for no extra charge.