Extended warranties provide two main benefits: You may save money. If your car needs a costly repair that's covered under your extended warranty, the warranty could ultimately pay for itself — even if you have to cover a deductible and a portion of the bill. Provides peace of mind.Jun 29, 2021
What are the reasons you don't need to buy an extended warranty?
- You Can Purchase It Later. Part of the warranty-induced anxiety is making the decision on the spot. ...
- Manufacturer Warranty Could Be Enough. ...
- It Doesn't Cover Accidents. ...
- Your Credit Card May Offer a Warranty. ...
- There's an Alternative Third-Party Warranty Available.
Why extended warranties are a waste of money?
Extended warranties are rarely worth your money. Products don't break on their own, and when they do, the price of repairs is usually lower than what you'd spend on an extended warranty. ... In most cases, it's best to skip the extended warranty and use your extra cash to build up an emergency fund.Jul 16, 2019