: On a new car, you are paying for protection that likely won't kick in for several years. Should I Get an Extended Warranty? - US News Cars
You plan to keep the car for 8–10 years, drive high annual mileage, or bought a model known for frequent, expensive electronics or transmission issues. Pros and Cons
: Excludes routine maintenance (oil, tires, brakes) and "wear and tear" items. should i buy extended warranty on new car
: Often includes roadside assistance, towing, and rental car reimbursement.
You plan to trade the car in within 3–5 years (before the factory warranty ends) or if you are buying a highly reliable brand. : On a new car, you are paying
For most new car buyers, an extended warranty—technically a —is not considered a good financial investment . Data from Consumer Reports indicates that 55% of owners never use their coverage, and those who do typically spend more on the plan than they save on repairs. Quick Decision Guide
: Limits high out-of-pocket costs for major failures like engines or transmissions. Pros and Cons : Excludes routine maintenance (oil,
: Typically adds $1,000 to $4,600 to your total vehicle price.