Should You Buy Extended Warranty On Car Now

If an unexpected $2,000–$4,000 repair bill (like a transmission failure) would cause a financial crisis, a warranty acts as a predictable monthly insurance cost.

Consider it for "all-new" models with unproven technology or brands with lower reliability scores (e.g., certain European luxury brands). should you buy extended warranty on car

Buying an extended car warranty (formally known as a ) is generally considered an "expensive gamble" . Statistical data from Consumer Reports indicates that 55% of buyers never use the coverage , and those who do typically spend more on the plan than they save in repairs. When It Makes Sense to Buy If an unexpected $2,000–$4,000 repair bill (like a