What specific of car are you looking at right now?
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. is it worth buying extended warranty on a new car
Instead of giving the dealership $2,000, put that same money into a high-yield savings account. If the car breaks, use the fund; if it doesn't, you keep the cash. Pro-Tips for Buying What specific of car are you looking at right now
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. If the car breaks, use the fund; if
Most warranties aren't "bumper-to-bumper." They rarely cover "wear items" like tires, brakes, or lightbulbs.
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’re buying a brand known for extreme reliability (like a base-model Toyota or Honda), you might spend $2,500 on a warranty and only ever use $400 in repairs.