If you plan on keeping your vehicle long after the original warranty expires, you might want to consider purchasing an extended service contract. Here are some questions that will help you decide.
• Do you detest surprise expenses (like costly auto repairs)?
• Will the cost of replacing an expensive electric part, air conditioner, or transmission devastate your monthly budget? Or do you have an emergency fund for these types of expenses?
• How long do you plan on keeping the car after its original warranty expires?
• Do you need the peace of mind knowing that that major repairs will be covered under an extended service contract? Or would you rather risk it and simply pay for repairs when needed?