Business

Special car warranty offer? Skip it

Special car warranty offer? Skip it
Extended car warranties are too often “a bad deal,” said David Lazarus at the Los Angeles Times. “As I frequently tell consumers, if insurance helps you sleep at night, it’s probably worth it.” But generally speaking, service contracts don’t deliver enough bang for their buck. “A 2013 survey by Consumer Reports found that 55 percent of people who purchased extended car warranties never used the coverage.” Even those who did saved about $837 on covered repairs, far less than the $1,500 median cost of the coverage.

Source:

theweek.com

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