Featured Articles

How much do you value an extended warranty?

Posted in auto industry, Best of, Car Tech, General, News by MrAngry | August 10th, 2012 | 2 Responses |

Blown Transmission

One of the perks you get when buying a new car is that wonderful warranty. That tiny piece of paper that covers just about every part on the car in case something goes wrong. For the most part they last 3 years or 36 thousand miles with the option to extend it if you so choose. I was recently speaking with a buddy who was asking me my advice about purchasing an extended warranty as he wanted to know if it made sense. To find out I simply asked him a few questions which you should ask yourself if you’re ever in this position:

1. Is the car currently in good working order?
2. How many problems (if any) have you had since new?
3. How many miles are on the car?
4. How long do you plan to keep it?
5. Do you regularly maintain it?
6. Do you really want to keep this particular vehicle?

After hearing his answers my advice was simple – buy it. You see most extended warranties will cover you’re car for up to 7 years from the purchase date of the vehicle or 100,000 miles depending on the package you choose. They’ll generally run between $900-$2000 and can save you thousands of dollars if something major (engine, transmission) goes wrong. Some people will tell you these warranties are bullshit, but having utilized them I can assure you they’re worth every penny. So, with that being said, what do you guys think? Yes or no to an extended warranty?

Our Best Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

2 Responses

  1. djrosa says:

    now as a man who suffers from the dissability that i have to buy all the extras (i live by if im willing to spend this much on something 10 or 20% extra just to keep things in tip top isnt a bad idea) this is also why my 18 yo audi has a full insurance pollicy even though i bought it for around 2000$ and the insurance cost around 1000$ a year just so if something happens i dont need to worry about towing fees or repair fees or anything like that.

  2. JamesM says:

    I agree with the article 100%. My extended warranty got my car up from 3/36 to 5/85 and it’s costing me a dismal $5.00 extra per month. It also gives me free towing, free on site service etc etc… For 5 extra dollars a month, it was a no brainer for me.