In what types of situations may an extended warranty not be worth the extra money?
In what types of situations may an extended warranty not be worth the extra money? An extended warranty or service contract might not be worth the cost if a product isn't likely to need repairs. Check product review websites to see if other people say the product often needs expensive repairs. Read the details of the extended warranty or service contract.
Can I negotiate extended warranty?
Like the price of the car, you can negotiate the price of an extended warranty. But even if you can get the price down, you may want to pass on the extended warranty altogether, since they usually cost more than the out-of-pocket cost of repairs.
Is extended warranty worth it for a car?
An extended warranty is worth your time if your car isn't extremely reliable and you wouldn't necessarily be able to pay for major repairs right now. If you purchase a used car from a dealer, an extended warranty could be the right choice if you're uncertain about a vehicle's reliability.