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Are "free" car warranties worth it?


If you've been car shopping, new or used, you've likely seen "power-train warranty" in the paperwork.






The warranties usually cover parts that make the vehicle move, like the motor itself.



They typically come with new cars for a period of years, and more used car dealers are offering them at no additional charge.



They're even offering lifetime warranties.



Should you choose one pre-owned vehicle over another because of that warranty?



I'm not a big believer in costly, extended warranties.



And even with these freebies, I have a lot of questions.



Can you get service and repairs at other shops or only at a specific dealer?



Is it transferable if you sell the car? Most are not.



How much is the deductible per claim? Usually $100, but some jump after a few years.



And what does a power-train warranty really cover?



It usually does not cover brakes, wheel bearings, and other things that could be a problem.



Also, with most of these, you must get permission before work is done or it can void the warranty. 

2024-01-22