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Most extended warranties require a waiting period of 30 days and 1,000 miles before you can file a claim. If you're a low-mileage driver, ask whether the company has an alternate waiting period that better suits your driving habits. Some common alternatives are 90-day/200 miles, and 60-day/500 miles.

When it comes to the long-term cost of your car, extended warranties are generally ?a bad deal,? says Gillis. In a Consumer Reports survey, 55% of people who purchased an extended warranty never touched it. Among those who did use the warranty, most saved less on repairs than they paid for the contract.

Warranties provided by the manufacturer as part of the vehicle cost typically cover only certain problems with the vehicle. Extended warranties or service contracts sold for an additional charge typically cover problems with mechanical and electrical parts not covered by the manufacturers' warranty.

A type of guarantee (= a promise to repair or replace a product) that increases the period of time during which the guarantee can be used: Only about 20% of the products covered by an extended warranty are ever brought in for repair, the agency says.

What parts are covered under an extended warranty? What's covered under an extended car warranty depends on your specific warranty. In general, they can include the powertrain (engine, transmission, etc.), air conditioning, alternator, gaskets and seals, electrical components, safety restraints, and more.

When it comes to the long-term cost of your car, extended warranties are generally ?a bad deal,? says Gillis. In a Consumer Reports survey, 55% of people who purchased an extended warranty never touched it. Among those who did use the warranty, most saved less on repairs than they paid for the contract.

Extended Warranty Overview Most warranties can be extended for a reasonable cost. An example of a common extension is the limited labor warranty extension from one to ten years.