Should You Buy Extended Warranty Link

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

Many credit cards (like those from American Express or Chase ) automatically extend manufacturer warranties by a year or more for no extra charge. should you buy extended warranty

Avoid buying the warranty at the moment of purchase for new cars. You won't use it for several years while the manufacturer's warranty is active, and you can usually buy it later. The "Self-Insurance" Alternative If a $2,000 engine or transmission repair would

Are you considering a warranty for a , like a vehicle or a laptop, or Should I Get an Extended Warranty? - USnews/cars You won't use it for several years while

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.

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.

Instead of paying for a warranty, financial experts like those at Kiplinger and Investopedia often suggest putting that same amount into a dedicated . This way, if the product never breaks, you keep your money; if it does, you have the cash ready to cover it.