Extended Car Warranties An Expensive Gamble Consumer Reports

Consumer Reports Extended Auto Warranties Are A High Priced Gambleо On electric vehicles, it covers the motors. (the large battery pack that drives the motors usually has its own warranty.) how long the warranty lasts: most warranties last for five or six years. Vehicle service contracts, often referred to as extended warranties, are a tempting option for consumers who buy a used car or for those who want to extend the bumper to bumper coverage on a new.

Extended Car Warranties An Expensive Gamble Consumer Reports Yonkers, ny — pricey new car extended warranties are usually poor deals, according to a recent survey and in depth report published in consumer reports' annual auto issue, on sale march 4. A recent consumer reports survey found that 55 percent of owners who purchased an extended warranty hadn’t used it for repairs during the lifetime of the policy, even though the median price. Extended car warranties are good for carmakers. but consumer reports' survey shows most people never use their extended warranty and those who do spend more. Consumer reports, calling extended warranties “an expensive gamble,” found the median price for coverage was just over $1,200. the results of the 2013 survey, its most recent, showed that 55%.

Extended Car Warranties An Expensive Gamble Consumer Reports Extended car warranties are good for carmakers. but consumer reports' survey shows most people never use their extended warranty and those who do spend more. Consumer reports, calling extended warranties “an expensive gamble,” found the median price for coverage was just over $1,200. the results of the 2013 survey, its most recent, showed that 55%. A transmission replacement can cost $5,000 or more, and many vehicle systems come with replacement costs well above $1,000. though you have to pay for it, an extended car warranty gives you a more predictable cost of ownership. as with car prices in general, the cost of fixing cars and the parts required to do so are getting more expensive. In 2013, consumer reports surveyed its members (its most recent survey on this topic) and it found the average cost of an extended warranty then was $1,214, but the respondents reported just $837.

Extended Car Warranties An Expensive Gamble Consumer Reports A transmission replacement can cost $5,000 or more, and many vehicle systems come with replacement costs well above $1,000. though you have to pay for it, an extended car warranty gives you a more predictable cost of ownership. as with car prices in general, the cost of fixing cars and the parts required to do so are getting more expensive. In 2013, consumer reports surveyed its members (its most recent survey on this topic) and it found the average cost of an extended warranty then was $1,214, but the respondents reported just $837.

Extended Car Warranties An Expensive Gamble Warranty Gambling