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According to Consumer Reports -- the shopping bible of thrifty Americans everywhere -- there are precious few instances in which it pays to buy an extended warranty on a product you purchase.
An extended warranty is worth your time if your car isn't extremely reliable and you wouldn't necessarily be able to pay for major repairs right now. If you purchase a used car from a dealer, an ...
Automotive warranty. An automotive warranty is a guarantee provided by a vehicle manufacturer or a third party, ensuring that any defects or issues with a vehicle will be repaired or addressed within a specified period after purchase. [1] This warranty is most often an important aspect of purchasing vehicles since it provides buyers with ...
Extended auto warranty. All new cars in the United States come with a warranty that cover repairs for a certain period of time and a certain number of miles, such as 3 years and 36,000 miles. An extended warranty provides similar coverage beyond those time or mileage limits. Legally, only the original manufacturer can "extend" a warranty.
Consumer Reports recommends buying a certified pre-owned car to split the difference between new and used. These cars are often three-year lease returns that come with extended warranties.
CARCHEX was founded in 1999 as a provider of pre-purchase vehicle inspections. In 2003, the company was purchased by Jason Goldsmith, a Baltimore -based entrepreneur and founder of TheLoanPage.com. Shortly afterward, CARCHEX expanded its vehicle inspection service to all 50 states by partnering with a nationwide network of ASE -certified mechanics.
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