Most plans do not cover brakes, tires, bulbs, or upholstery.
If you plan to keep the car for 10+ years, the risk of failure increases. should you buy extended warranty on new car
Some auto insurers (like GEICO) offer "Mechanical Breakdown Insurance" (MBI) which is often much cheaper than a dealer's warranty. Most plans do not cover brakes, tires, bulbs, or upholstery
New cars already come with a (typically 3 years/36,000 miles or 5 years/60,000 miles). An extended warranty only kicks in after the factory coverage expires. 📉 Why you might skip it Most plans do not cover brakes
Saving the $2,000–$4,000 in a high-yield account often covers repairs with money left over. 📈 Why you might buy it