Financial Margin

Should you buy an extended warranty?


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Buying an extended warranty can bring about a great deal of piece of mind, but is this just simply a false sense of security? Looking at the basic bumper-to-bumper and powertrain warranties and comparing that to the amount of time you plan to keep the vehicle and the amount of use during that period of time will help determine this. Being that extended warranties are typically purchased to mitigate fear, figuring out how to prevent or reverse unnecessary fear will be important. Making sure that you are purchasing a well-researched vehicle, that you are aware of the commonly faulty items, then being able to curb unnecessary fear of major components failing. Looking into how to estimate your actual exposure for needing an extended warranty will be helpful in making the decision that’s right for you.
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Financial MarginBy Jared Humphries

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