The sales pitch for an extended warranty on a car purchase is often a compelling one. "You plan on keeping the car for a while," says the Finance and Insurance (F&I) manager. "Why not lock in the price of parts and service now, rather than pay more later?"
It's a compelling point, and it's one that you should consider before heading out to the dealership to finalize a car purchase. But it also raises a couple other questions: How do you get the best price on an extended warranty? And if you choose to buy an extended warranty, is it really necessary to buy it the day you buy the car? Here's an overview of what these warranties cover, and what you need to know when you're shopping for one.