You’re sitting in the finance office, proud of your new car purchase, when the conversation shifts. “Do you want peace of mind?” the dealer asks as they pitch an extended warranty. It sounds like a no-brainer—who wouldn’t want protection from unexpected repair costs? But dig a little deeper, and you may realize that extended warranties often serve the dealership more than the buyer. Here are seven revealing reasons dealerships push extended warranties—and why you might end up regretting that signature.
An Extended Warranty Sounds Great—Until You Do the Math
