Are extended warranties worth the money?
This isn’t surprising, because extended warranties make a lot of money for those who sell them.
“On average, you’ll pay about $1,500 on an extended warranty, and the average repair is $180.
I don’t recommend buying extended warranties, ever.
If you can’t afford a $200 repair on a car, then you can’t afford the car.”.
Why extended warranties are a waste of money?
Well, the worst thing about an extended warranty is that it is overpriced. In fact, about half of what you pay goes to the salesperson’s commission. So a lot of the money you hand over doesn’t even go toward the purpose of the warranty, which is to pay for things that go wrong with the car over the contract period.
Is extended warranty on used car worth it?
In general, we don’t recommend buying an extended warranty on a used car. … This means you’ll likely spend more on the warranty than any repair costs your car may accrue during the period when the warranty is valid. There are, however, some exceptions.
Is it worth getting VW extended warranty?
Is the VW Warranty Worth It? Many car owners believe that an extended warranty isn’t worth the extra cost. … However, in the case of VW’s vehicle service protection plan, you’ll see that the upfront expense is worth it down the line. You’ll save both money and headaches, knowing that most everything is covered.