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Going the extra mile to purchase an extended warranty makes sense if the following is true. You worry the vehicle will have problems: If you want to avoid surprise repair bills, an extended ...
An extended warranty, sometimes called a service agreement, a service contract, or a maintenance agreement, is a prolonged warranty offered to consumers in addition to the standard warranty on new items. The extended warranty may be offered by the warranty administrator, the retailer or the manufacturer. Extended warranties cost extra and for a ...
Make sure that the lease period either matches or is shorter than the car’s warranty period. Warranties vary from manufacturer to manufacturer, but they typically last up to three years or ...
Usually, off-lease vehicles are returned within 2–3 years, often before their original factory warranty expires. Off-rental: rental car companies normally replace their fleets once a year, releasing a flood of late-model cars to the secondary market. Like the big financial institutions that underwrite car leases, rental companies also rely on ...
A 2019 study found that people buying an extended warranty believe the product in question is more likely to break than it is. The way to correct for this is to do your research ahead of time.
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