is extended vehicle warranty worth it?
164812
This isn't surprising, because extended warranties make a lot of money for those who sell them. ... “On average, you'll pay about $1,500 on an extended warranty, and the average repair is $180. I don't recommend buying extended warranties, ever. If you can't afford a $200 repair on a car, then you can't afford the car.”
1012307
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. ... But take a moment to ask yourself why a company would offer you an extended warranty. The answer is: because they're profitable.
802126
Are extended warranties for electrical appliances value for money? There are reasons why an extended warranty might not be, including: most electrical goods and appliances are getting cheaper over time. they're also getting more reliable, so you're less likely to need a warranty.
240740
Offset expensive repair costs with an extended warranty. Getting an extended warranty is one of the best ways to do so. If your Porsche breaks down, you could be on the hook for expensive repair bills. An extended warranty can protect you from breaking the bank on these costly repairs.
80851
While it may sound like a good idea in theory, extended warranties often come with a high price tag and don't necessarily cover everything that could go wrong. Plus, many people who buy extended warranties never use them. In that case, an extended warranty becomes a cost with no financial return.
1171730
If the car they're considering is beyond the expiry of its manufacturer's warranty, or has little time remaining, an extended warranty would be worth the outlay for the security of knowing someone else will pick up the bill for the failure of a big-ticket item under the bonnet. What does an extended warranty cover?
531303
For an older vehicle, I'd say definitely worth it. If you're not mechanically inclined, it's probably a good bet as well. I've had a membership for 25 years and have used their towing service multiple times. Look into BCAA Plus - it's even better if you drive long distances in remote areas.
42833
An advantage of purchasing an extended warranty directly from BMW is that you get BMW replacement parts whenever your vehicle needs a repair. However, when comparing BMW's extended warranty directly to CARCHEX and Endurance, purchasing directly from BMW is probably not worth the additional cost.
267285
If you're buying a very expensive set — let's say one that exceeds $3,000 or more in price — it might be worth getting an extended warranty if the warranty is not too expensive itself. If you can get the warranty for 10 percent or less of the purchase price, it might be worth it for your peace of mind.
603351
An extended warranty can sometimes be a form of insurance policy that covers you for repair costs after the manufacturer's or retailer's guarantee has expired. ... Extended warranties can be expensive, most new goods are made to a high standard and you already have statutory rights which give a high level of protection.
258969
Although some jewelry stores have them, extended warranties aren't usually worth much. If you have a rider on your homeowners insurance for your ring and it's lost, damaged, or stolen, your policy will often cover it without an extended warranty. ... A comprehensive insurance policy offers better protection.
886566
Extended warranties can range from around $500 to $2,000, depending on several factors. There is no universal pricing scheme that manufacturers and third-party providers follow to set the rates of extended warranties. The cost varies from provider to provider, and it can even depend on the vehicle itself.
1350869
Cost of Chrysler Extended Warranty Coverage From our research on Chrysler extended warranty options, the range in price swings widely: Mopar customers will pay anywhere from $1,800 to $4,000 for their extra protection.
809627
Short Answer: Definitely worth it! Longer Answer: The premium of your EW will be more than justified even with the smallest of the possibilities where there are mechanical part issues, Electronics, control systems and what not. A good and age old example is about buying an iPhone warranty.
1134997
Talking about appliance extended warranties for washers and dryers, it is worth to buy it. I would suggest that, consumers should think about buying an extended warranty if the item costs $500 or more. ... There exists various clothes dryer and clothes washer protection plans that can cover all the mechanical breakdowns.
1138153
Consider the Warranty In general, we don't recommend buying an extended warranty on a used car. ... This means you'll likely spend more on the warranty than any repair costs your car may accrue during the period when the warranty is valid. There are, however, some exceptions.
918509
['Do you really need an extended warranty? ... ', "What's covered? ... ", 'How long is coverage available? ... ', 'Is the auto warranty transferable? ... ', "What's the warranty provider's business reputation? ... ", 'Are there any other benefits?']