Extended Warranty On New Car — Should You Buy

You can usually buy a manufacturer’s extended warranty any time before the 3-year factory warranty expires.

You pay for coverage today that you cannot use for several years. should you buy extended warranty on new car

It turns a surprise $3,000 transmission failure into a $0 or $100 deductible event. ⚠️ Key Factors to Consider You can usually buy a manufacturer’s extended warranty

Dealerships make high commissions on these plans; the house usually wins. ⚠️ Key Factors to Consider Dealerships make high

New cars already come with a (typically 3 years/36,000 miles or 5 years/60,000 miles). An extended warranty only kicks in after the factory coverage expires. 📉 Why you might skip it

Some auto insurers (like GEICO) offer "Mechanical Breakdown Insurance" (MBI) which is often much cheaper than a dealer's warranty.

Manufacturer-backed plans are usually superior because they use OEM parts and are honored at any brand dealership. 💡 Smart Buying Strategies