Is It Worth Buying Extended Warranty On A New Car -

The price of a warranty is heavily marked up. You can often talk the dealer down by hundreds of dollars, or even buy one from a different dealership online for less.

Modern cars are computers on wheels. If a massive infotainment screen or a complex driver-assist sensor fails, the repair cost can easily exceed the price of the warranty. is it worth buying extended warranty on a new car

Always try to get a warranty backed by the car manufacturer (e.g., Ford Protect or HondaCare). Third-party warranties are notorious for denying claims or going out of business. The price of a warranty is heavily marked up

If a surprise $2,000 repair bill would ruin your month, rolling the cost of a warranty into your monthly payment provides a "fixed" cost for car ownership. The "No" Case (When to skip it) If a massive infotainment screen or a complex

If you are buying a complex European luxury car or a brand-new model with untested tech, get the warranty. If you’re buying a reliable commuter and have some savings, you’re likely better off betting on yourself.

If you trade in your car every 3–4 years, you are paying to protect the next owner. The factory warranty usually covers you for the entire time you own the vehicle.

If you plan to drive the car for 7–10 years, an extended warranty kicks in right as the factory warranty expires and things start to wear out.