Is extended warranty necessary and should I buy one for my car

If you ever own a car that is close to the manufacturer's warranty, you will undoubtedly receive a lot of mail, trying to get you to purchase an extended car warranty or "vehicle service contract."

People who buy used cars at a dealership usually have the option to purchase an extended warranty. But are these extended guaranteed values?

Why extend the car warranty period will make you think twice before you act?

Extending car warranty and car repair service plans is tempting in an era when people extend their car life. But I said that most of the time is wasting your money. Those letters warn you that your warranty period is about to expire, and you may have to spend thousands of dollars on repairs. It is almost certain that you want to sell you a vehicle service plan - not a real warranty.

The Federal Trade Commission said that the extended warranty period is included in the purchase price of the vehicle, while the vehicle service contract is not included. The typical price of a car repair service plan is as high as $3,000.

Extended car warranty list

Here's what you think about extending your car's warranty:

• If you can afford the potential for car repair, you should never buy an extended warranty.
• Can't afford those possible expenses? Then you can consider buying a car manufacturer's warranty if it gives you peace of mind. For example, if you buy a second-hand Chevrolet at a Chevrolet dealership, ask if you can purchase Chevrolet's own car warranty.
• Do not purchase an extended car warranty from a third party. Only follow the manufacturer's own warranty.