Should you get an extended car warranty
CREATED Jul. 15, 2013
If you're in the market for a new car, you may be wondering if you need an extended warranty.
Consumer Reports warns extended service contract pricing isn't regulated. Dealers charge whatever the market will allow.
And a recent survey of 8,000 people covered by extended service plans, found 65 percent of them spent significantly more for the contract, than they got back in repair-cost savings. In some cases, the repair wasn't even covered.