Extended Auto Warranty While it may sound like a good idea to purchase an extended warranty for your vehicle, they often come with a high price tag and don't necessarily cover repairs that are needed. Plus, many consumers who buy extended warranties never use them. In that case, an extended warranty becomes a cost with no financial return.
Extended warranties do not cover scheduled maintenance such as oil changes, timing belt replacements or tune-ups. Most extended warranties don't cover wear & tear items, such as brake pads and windshield wipers. Our experience is that warranty companies have a hard time with pricing in different areas of the United States that they cover.
We here in Hawaii have a higher cost of living so our parts cost more & we charge a higher labor rate to survive. Warranty companies are mostly not willing to consider this & make it hard for the consumer to find a reputable repair shop to cover the repairs. Consumers should do their research before committing to an aftermarket warranty for their vehicles. Out of pocket costs could be the downer in the whole scheme of things.