Whether you are purchasing a new or used car, breakdowns can occur. Its always a worry that you could have major problems such as engine trouble or a transmission that stops shifting, and you suddenly are digging deep into your pockets for the cash to repair it. So the question that arises often is Should I Buy An Extended Vehicle Warranty?
There are always pros and cons. An extended vehicle warranty adds to your total cost, but over the long run it can also be very beneficial especially if a big breakdown occurs.
A vehicle extended warranty is a contract between a vehicle warranty company and you. It isnt an insurance policy even though most people think of it as one. It is actually the most profitable service a car dealer sells, but it can also be very beneficial to the consumer.
When you buy a new car you get the manufacturers warranty. Then, for a specific fee, you can extend that warranty. If you tend to keep your vehicles longer than the period of the original warranty purchasing the extended warranty can make good sense. If however you tend to trade your vehicles in every few years, the purchase of the extended warranty would probably not be...
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