Extended Warranties for Cars
My response to questions from Wallethub . Do you have any advice for someone searching for the best extended car warranty? Extended warranties can be a Godsend or pure “dealer gravy” as many refer to them in the social media. Their value depends on several circumstances. For example, a special warranty for tires covering road hazards for a car owner with low profile tires who uses his or her car a lot at a region with poor pavements and potholed roads can actually save a lot of money in tire replacement costs. The reliability of brands varies widely as reported by Consumer Reports, J.D. Power and other automotive testing/surveying outlets. An extended warranty on a less reliable brand or car model makes more sense than an extended warranty for the most reliable car in each class of vehicle. When does paying for an extended car warranty make the most/least sense? Extended warranties make less sense for EVs which are mechanically simple vehicles and their battery is covered for an extend...