An extended vehicle warranty could save you thousands of dollars if your car has major problems after the manufacturer’s warranty expires, and there are plenty of people who swear by the prolonged protection. But critics argue that extended warranties, which also are called vehicle protection plans or service contracts, don’t always pay off.
Who’s right? Who’s wrong? The truth is, it depends. Not all extended warranties are created equal. Ultimately, the value you get from such a contract will depend on whom you buy it from, when you buy it and how well you understand the terms of coverage. Here are a few tips to help guide your decision.
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