Extended warranties typically can and do save you money in the long run.
If you're going to lease the vehicle and turn it in at the end of the
lease period then this extra cost is probably not for you. If you
purchased your vehicle, you may want to consider one based on your
planned length of ownership. While any extended warranty may seem
expensive at the time of purchase, they typically pay for themselves
for long-term owners, and some even have a buy-back clause that makes
them a "can't lose" investment.
Maintenance may be pricey these days, but car repairs can be even more
expensive. If you have only one big repair bill that is covered by your
extended warranty, an automatic transmission failure for example, then
your policy just paid for itself. Repairs to transmissions are
frequently close to the cost of a remanufactured unit, which can easily
be $2000 or more to replace. How about an air-conditioning failure?
Based on typical repair costs, figure on spending $700 or more to keep
your cool. Even if you have a $100 deductible you're still way ahead of
the game compared to footing the entire bill yourself.
Warranties available from 3 month, 3,000 miles up to 84 month, 100,000
miles. Depending on mileage and year of vehicle being bought there is
great versatility in warranties that are available for every driver's
needs.
Buyer's Choice
3 month x 3,000 miles
6 month x 6,000 miles
12 month x 12,000 miles
24 month x 24,000 miles
36 month x 36,000 miles
36 month x 45,000 miles
American Road
6 month x 6,000 miles
12 month x 12,000 miles
24 month x 24,000 miles
36 month x 36,000 miles
48 month x 48,000 miles
60 month x 60,000 miles
60 month x 75,000 miles
72 month x 100,000 miles
84 month x 100,000 miles
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