Should You Buy Extended Warranty [WORKING - BREAKDOWN]

If you plan to keep a car or appliance well past the manufacturer’s original coverage period, a warranty can bridge the gap during the "vulnerable" years.

For many consumers, the cost of the warranty exceeds the likely cost of repairs. However, it can provide significant "peace of mind" for those who cannot afford a sudden, large repair bill. should you buy extended warranty

Deciding whether to buy an extended warranty—often called a service contract—depends largely on your personal finances, the reliability of the product, and your tolerance for risk. If you plan to keep a car or

If a $2,000 engine or transmission repair would be a financial disaster, paying a smaller, fixed amount for a warranty functions like an insurance policy. When to Skip It the reliability of the product