Do you like your car? Wish you could drive it forever? How about just another few years. The typical auto warranty from the factory is around 3 years or 36,000 miles. That means you either buy a new car, or pay for all repairs out of pocket.
If you are in a position to buy a new car every 3 years then congratulations, you are in the few that have the luxury of always having a warranty and low mileage car.
However, if you are like the rest of us and want our cars to last beyond 3 years, an extended warranty is that peace of mind that allows us to save a ton of money by owning our cars beyond the warranty.
Think about the math. If you have to put down 20% and buy a new car with new payments, you are going to spend a ton more than you would if you simply insured the car you currently drive is going to be hassle free until it makes sense to buy a new car.
Why Now?
Bottom line is you can’t buy an extended warranty AFTER your car breaks down! Also, the sooner you buy a warranty the better. Your rates are lower when your car has lower mileage.
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Why the Extended Warranty Pros?