
Auto
Pros and Cons of Buying an Extended Warranty
Buying a new car is a whole new experience—regardless of whether it’s your first car or just one more addition to your car collection. However, the entire process of buying a new car can be incredibly stressful for many people. This is because buying a new vehicle often requires a lot of research before making a purchase to figure out which car suits your budget, and offers you the most features within that set budget. And just when you thought you thought of everything involved in a new car purchase—from car loan approval to car financing, the sales person asks you if you want to buy an extended warranty? Before you make that choice, here’s how to compare the pros and cons of purchasing that extended warranty: How does an extended car warranty work? Most new vehicles come with a warranty that’s included in its sales price. However, if they don’t, you have to decide whether to buy an extended car warranty or not. Buying an extended car warranty is all about your personal preference for taking the risk. Therefore, it is important to weigh the pros and cons to determine whether you should buy a car warranty or not.
Read More