What Does an Extended Warranty Cover on a Car?
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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Is an Extended Warranty?
How Does a Car Warranty Work?
Types of Extended Warranties
Car Manufacturer Extended Warranty
Third-Party Warranties
What is Usually Covered Under an Extended Warranty on a Car?
How Long Does an Extended Car Warranty Last?
Can You Cancel the Extended Car Warranty Later?
How Does an Extended Car Warranty Impact Refinancing Your Auto Loan?
What’s Not Covered in a Car Warranty?
Are Tires Covered Under Warranties?
How to Qualify for an Auto Warranty
Cost of an Extended Warranty
Pros and Cons of Extended Car Warranties
Pros of a Car Extended Warranty
Savings
Cons of a Car Extended Warranty
Usage
Overlap
Coverage
Service Requirements
Depreciation Clauses
Reliability
Is an Extended Warranty Worth it?
The Takeaway
Frequently Asked Questions
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About the Author
Nancy Bilyeau writes about student loans, mortgages, car insurance, medical debt and many other finance topics for Lantern. A veteran of the magazine business, she has edited stories on personal finance for Good Housekeeping and DuJour magazines and has written articles for The Wall Street Journal, Readers' Digest, Parade, Town & Country and Lifetime/A&E, among others. She is a graduate of the University of Michigan.
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