Extend Age Warranty For Free

Are extended warranties on older cars worth it? High-mileage warranties for older cars can be worth it if parts are expensive to replace or if you don't have savings set aside for breakdowns. With an extended warranty for cars over 100k miles, you'll just pay a deductible for any covered repairs.

Extended car warranties are worth it if you want your coverage to continue after your factory warranty expires. Without a warranty, you are left to cover repair costs on your own. An extended warranty can also be worth it if you value peace of mind when it comes to budgeting for repair costs.

Assessing Value by Price. Compare the cost of the extended warranty against the cost of the product. A well-priced warranty should cost a small percentage of the product's original cost. If the cost of the warranty is more than 15 to 20 percent of the product cost, then it may not be worth it.

Should You Purchase an Extended Warranty? In general, we don't recommend buying an extended warranty on a used car. Warranty companies are in business to make money, and they've usually done their homework.

Yes, a bumper-to-bumper extended warranty can be worth it if you're looking for peace of mind to avoid costly repairs or if your vehicle is not reliable. Most third-party warranty providers like CARCHEX offer several plan options that you can choose from to fit your budget.

In general, we don't recommend buying an extended warranty on a used car. Warranty companies are in business to make money, and they've usually done their homework.

When it comes to the long-term cost of your car, extended warranties are generally ?a bad deal,? says Gillis. In a Consumer Reports survey, 55% of people who purchased an extended warranty never touched it. Among those who did use the warranty, most saved less on repairs than they paid for the contract.