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jump to last post 1-3 of 3 discussions (6 posts)

Should I Buy an Extended Warranty or Extended Service Contract for my Car???

  1. WheelScene profile image91
    WheelSceneposted 6 months ago

    Should I Buy an Extended Warranty or Extended Service Contract for my Car???

    I want to know your opinion on Extended Car/Truck Warranty or Extended Service Contracts? What do you think?

    https://usercontent1.hubstatic.com/13764226_f260.jpg

  2. Wesman Todd Shaw profile image97
    Wesman Todd Shawposted 6 months ago

    If the additional expense won't cut into your necessities, but gives you a satisfactory boost in peace of mind, then go ahead and buy it.

    1. WheelScene profile image91
      WheelSceneposted 6 months agoin reply to this

      Thanks for the answer! Do you use an aftermarket / extended warranty?

    2. Wesman Todd Shaw profile image97
      Wesman Todd Shawposted 6 months agoin reply to this

      No. I don't own an automobile these days. But I used to be a salesman at a Ford dealership.

  3. tamarawilhite profile image92
    tamarawilhiteposted 6 months ago

    No, don't do it. They price these warranties so that they collect far more in premiums than they ever pay out. The average is 70%.
    Keep the money, save it as part of your emergency fund, so you can pay for repairs if and when they arise.

    1. c1rca profile image60
      c1rcaposted 6 months agoin reply to this

      I have seen some warranties with an unlimited claim amount, if I plan to keep my car for a long time then would a warranty help?

 
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