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The Curious Bag
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<h4 class="dechead">On One Hand: They Can Make Sense
Aftermarket warranties are extended warranties that are backed by an independent warranty company, not by the vehicle's manufacturer. Aftermarket warranties are usually cheaper than manufacturer warranties. If you choose one that has an "A" rating by Standard & Poor's or an "A" or "A-" rating with A.M. Best, you should be safe, according to Edmunds.
On the Other: They Might Not Cover Everything
Some warranties cover breakdowns and wear-and-tear, while some only cover breakdowns. The ones that only cover breakdowns are not desirable, according to Edmunds. Check to see if overheating is covered too, because many warranties do not cover that.
Bottom Line
You need to consider many factors before purchasing an extended warranty. If you take the time to study what the warranty covers and what is it rated, you will be much better off.
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