I’m not even sure what to start—shopping for cars and all the possible options is overwhelming! Can I buy an extended warranty for my Toyota, for instance? Is it worth it?
extended warranty is ultimately your decision, but here are some things to consider:
The biggest question is whether or not you’ll even use your extended warranty. When it comes to long-term vehicle costs, experts claim that extended warranties are not a great deal. In fact, Consumer Reports found that 55% of drivers with extended warranties have never filed a claim. Further, anyone who did file a claim ended up saving less on the repairs than what they had initially paid for the warranty.
If it offers you peace of mind or you think you may end up using it, then maybe it’s worth serious consideration. On the other hand, there are alternatives like putting aside funds ahead of time or getting a
Certain car insurance policies can cover as much or even more than what an average extended warranty covers. Prior to signing up for any sort of special warranty beyond the basic manufacturer’s warranty, you should check out what your
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