An auto extended warranty, also known as an extended vehicle service contract (EVSC), is a type of insurance policy that extends the manufacturer's warranty for your used car beyond the original three-year or 36,000-mile limit. But is it worth considering when buying a used car?
Why You Might Consider Purchasing An Auto Extended Warranty
- Extended manufacturer's warranty beyond the original limit.
- Convenience: no need to worry about maintenance or repair costs after the initial three years or 36,000 miles.
- Peace of mind: knowing your car is protected in case of mechanical issues.
Why You Might Not Want An Auto Extended Warranty
- Higher cost: auto extended warranties can be expensive, especially for older or less reliable cars.
- Limited coverage: some auto extended warranties may only cover certain repairs or replacements, leaving you with costs not covered by the manufacturer's warranty.
- Voiding existing warranty terms: purchasing an auto extended warranty may void your existing manufacturer's warranty, potentially affecting its validity.