Which, remember, can be negotiated, just like the price of the car.Extended Warranty for Older Cars: Conclusion Best High-Mileage Car Warranty

Considering things like the length of the plan, the coverage limitations and of course, the price.

'You'd have that money available if you need a repair, or you can put it towards your next car.'īut if, like Mike, you find comfort in an extended warranty, Consumer Reports urges you to read the fine print. 'A better plan would be to take whatever money you would spend on an extended warranty, and instead put that in an emergency fund,' Bartlett said. The Better Business Bureau recently issued a warning to consumers after receiving hundreds of complaints about companies selling extended auto service contracts and suggests using extreme caution when considering one. Not surprising, since extended warranties can also make a lot of money for those who sell them. 'An extended warranty may give you peace of mind, but Consumer Reports has found that buyers aren't always going to see a return on that investment,' said Consumer Reports Auto Editor Jeff Bartlett. But auto experts at Consumer Reports say the odds are not in his favor. It may be years before Mike knows if he made the right call financially. 'Not something I usually do on smaller purchases, but for the car and having it be a pre-owned car, it seemed to make a lot of sense.' 'Completely about peace of mind,' Sasloff said. But still, he paid extra for an extended warranty. When Mike Sasloff bought a pre-owned car recently, he chose a Subaru Forester, largely because it gets top marks from Consumer Reports for reliability. Are they being sensible shoppers or sitting ducks, for preying salespeople? Some people want extra protection from an extended warranty. But even a trustworthy brand isn't always enough. It's a top concern of virtually every new and used car shopper, according to a Consumer Reports survey. Are they being sensible shoppers or sitting ducks, for preying salespeople?Ĭar buyers crave reliability.

Carshield reviews consumer reports