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Should I buy extended warranty on used car


A used car extended warranty might be worth it if the vehicle make and model has a poor reliability record. Extended warranty on used cars isn't needed if the vehicle still has the manufacturer's warranty. Consider used car warranties that exclude specific repairs rather than those that list what they will cover.

What are two reasons not to buy an extended warranty?

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.

Is it worth getting extended warranty?

Con: They Are More Expensive When Purchased Later\n\n The best prices, though, are when the vehicle is new. In addition, with a few miles on the odometer, you will command a top deal. For new cars, the service contract will not kick in for several years, usually near the time the original warranty expires.




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[PDF] Extended Warranty Ratemaking - Casualty Actuarial Society

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[PDF] Extended Warranties for New and Used Cars in Europe - Finaccord

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[PDF] Behavioural economics and extended warranties - Oxera

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