If you plan to drive the car for 7–10 years, an extended warranty kicks in right as the factory warranty expires and things start to wear out.
The price of a warranty is heavily marked up. You can often talk the dealer down by hundreds of dollars, or even buy one from a different dealership online for less. is it worth buying extended warranty on a new car
Most warranties aren't "bumper-to-bumper." They rarely cover "wear items" like tires, brakes, or lightbulbs. If you plan to drive the car for
If a surprise $2,000 repair bill would ruin your month, rolling the cost of a warranty into your monthly payment provides a "fixed" cost for car ownership. The "No" Case (When to skip it) Most warranties aren't "bumper-to-bumper
Modern cars are computers on wheels. If a massive infotainment screen or a complex driver-assist sensor fails, the repair cost can easily exceed the price of the warranty.
Instead of giving the dealership $2,000, put that same money into a high-yield savings account. If the car breaks, use the fund; if it doesn't, you keep the cash. Pro-Tips for Buying