Should I Buy Extended Warranty On Used Car -

: Read the fine print; many plans exclude "wear and tear" items.

For most people, it is a good financial investment. Data often shows that the cost of the warranty exceeds the average cost of repairs. However, it can provide peace of mind if you cannot afford a sudden $3,000 repair bill. When to Consider It should i buy extended warranty on used car

: If you have $2,000–$5,000 saved, you can "self-insure" and save the premium. Critical Red Flags : Read the fine print; many plans exclude

: If the specific model is known for engine or transmission failure. : Read the fine print

: You prefer a fixed monthly payment over unpredictable repair costs. When to Skip It