If you’ve kept your car long enough to watch the factory warranty expire, you’ve probably had to decide whether an extended warranty plan is worth it. An extended car warranty is a contract with a dealership or a third-party provider that covers certain repairs once factory coverage ends. Whether it’s worth it depends on your car’s mileage, your budget and how long you plan to keep the vehicle.
Here’s what to consider when an extended warranty may make financial sense — and when your money may be better off in a repair fund instead.
At a Glance
The average car on U.S. roads is nearing 13 years old, and factory warranties rarely last long enough…
Read the full article at MONEYTALKSNEWS.COM
