5 dealer options to skip when buying a car

Extended warranties
6 of 7

As a dealer option, basic extended warranty policies for cars can start at $1,000 and easily climb to several thousand dollars for luxury and high-performance cars.

Extended warranties offer bumper-to-bumper protection covering everything on your car except components commonly replaced in routine maintenance. Plan prices vary by mileage, the term of coverage and by deductible level.

"But if you do your homework and you choose a car based on the reliability reports found in Consumer Reports, for example, paying extra for the cost of an extended warranty just isn't worth it," says Quincy. "Generally, we don't recommend that people buy extended warranties, and especially not from third-party, nonfactory sources."

A much better alternative is to spend the money you might have otherwise applied toward the purchase of an extended warranty on the recommended maintenance that your car requires. That's actually the best insurance you have against years of motoring troubles.




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