MONEY

Extending the life of your car: are extended warranties worth the cost?

Sep 22, 2022, 9:15 AM
A hand holding a car key....
Extended warranties may be worth the cost if you plan on keeping your car for some time.(Shutterstock)
(Shutterstock)

SALT LAKE CITY — Many Utahns are the victim of constant calls and emails about extended warranties. But are those calls onto something?

If you’re not in the market for a new car and want to keep your car running a little longer is an extended warranty worth the money?

General Manager of Jerry Seiner Buick GMC in South Jordan, Paul Lankford told KSL NewsRadio, it depends. He said if you plan on trading out your car every year, a warranty might not be your best bet. If you plan to hold on to your car, Lankford said warranties are generally worth it.

“I promise you that the manufacturers are stopping their warranties at a certain time for a reason,” said Lankford. 

Lankford noted, you never know when car trouble will arise. However, he did have advice when it comes to the barrage of calls and emails. 

“Buyer beware via email, via the phone, ” said Lankford. “I would personally go in… and talk with a reputable company that has a good, backed, reputable warranty.” 

He also said to make sure the company is authorized to work on your make of vehicle. 

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Extending the life of your car: are extended warranties worth the cost?