3243: Is There Value in Buying an Extended Warranty? By Laurie Sepulveda with Women Who Money

Optimal Finance Daily - Financial Independence and Money Advice

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Episode 3243:

Laurie Sepulveda unpacks the true cost and often-overlooked fine print of extended warranties, showing how these contracts rarely offer the value consumers expect. Learn when it makes sense to say yes, when to walk away, and how to get peace of mind without overspending.

Read along with the original article(s) here: https://womenwhomoney.com/extended-warranty-value-worth/

Quotes to ponder:

"Service contracts cost extra and are sold separately."

"The chance of you needing a costly repair, even on a used car, are slim."

"You may still opt-in for service warranties, even when you know, the math may not work out in your favor since you find value in the peace of mind the coverage brings."

Episode references:

Warranty Week: https://www.warrantyweek.com

Federal Trade Commission – Service Contracts: https://consumer.ftc.gov/articles/extended-warranties-service-contracts

National Automobile Dealers Association (NADA): https://www.nada.org

Consumer Reports: https://www.consumerreports.org

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