Is it Worth Paying for Extended Warranty on car?

picture of warrranmtyWhen it comes to the long-term cost of your car, extended warranties are generally “a bad deal,” according to Consumer Reports. In a recent survey survey, 55% of people who purchased an extended warranty never touched it. Among those who did use the warranty, most saved less on repairs than they paid for the contract.

Generally, car companies make good money on selling warranties, and pay good commissions to people who sell them. It would not be surprising if the sales person was very convincing when talking you into purchasing one.

An extended car warranty can cost anywhere from $1,300 to $4,600, with the average cost being around $2,600. Prices vary so widely because there are many factors that can influence costs, such as the plan type and contract length you choose.

If you have an extended warranty and you need repairs, come in and bring your paperwork, and we will see if we can do the work for you.

Lim’s Auto Body is a full service auto body and mechanical repair shop locally owned and operated in Largo, Florida. For more information, go to our web site www.limsautobody.com or call (727) 422-3232.