Autopair Everything You Need to Know About Auto Warranty | Page 9

Are Extended
Warranties
Worth it for
New Cars?
According to a 2013 survey, you pay more for an extended
warranty than what you get back as direct benefits. This is not
surprising considering that the warranties make more money for
their providers. According to Dave Ramsey, a famous financial
expert, you may pay an average of $1500 for an extended
warranty when the average repair cost is just $180. Ramsey
recommends setting up an emergency fund for auto repairs instead
of paying for an extended warranty.
On a positive note, though, an extended warranty provides you
with the following benefits:
 Customization: You are allowed to tailor an extended cover to
your individual needs. Considering that these warranties are
from the automaker and differ depending on mileage or time,
you can include policies like roadside assistance, powertrains,
and wrap policy.