Advantages and disadvantages of extended warranty?

An extended warranty will extend the coverage for repairs of covered components of your vehicle, subject to the stated deductible. This can help offset the costs of repairs of covered items. You need to assess how much is charged for the extended warranty, how much the deductible is, how long and up to what mileage the car is covered, and what the BBB has to say about the company underwriting the warranty. Understand that the price a dealership may charge can be haggled on...in other Words, you can get it down a bit. Also, if you are planning on rolling the cost of the warranty into your financed total, remember that you are also paying interest on what they charged you. These days a computer going out on your car can easily exceed the cost of an extended warranty, so if you can afford it, and it is reasonably priced, perhaps it would help you to have one. Make sure you understand everything about the plan before you commit to it. Understand how much it costs, where you have to get the car worked on, and what your deductible will be. Then assess if the plan is right for you.