EXTENDED WARRANTIES
If you are keeping your vehicle beyond the average payment time period of 36
months, I highly recommend an extended warranty. Why? Consider the cost of
electronics repair or transmission or engine replacement. The average
transmission replacement is around $3,000. Engines cost in the neighborhood of
$4,000. In-vehicle electronics can cost a small fortune to diagnose and repair or
replace. Repairs of this nature can rifle most people’s budgets and cause
immediate hardship. This is precisely why I recommend an extended warranty
on a vehicle if you are going to keep it beyond the factory or dealer warranty.