Yes
Rather than invest in an extended warranty, we recommend buying the most reliable car that suits your needs, budget, and taste. . . and then taking good care of it. Sometimes, this can mean spending more upfront for the right car, but the reward is typically lower ownership costs and even better resale value. After dedicating an afternoon (or more) to test driving, negotiating, and completing a pile of paperwork for your shiny new car, don't be surprised if a bubble-bursting finance manager at the dealer gives a compelling pitch for an extended warranty. It is for your peace of mind, right? Well, not really. Existing warranties. The first thing to consider before buying an extended warranty is the warranty that comes with the new product. Shoppers should check what's covered under a free warranty, which typically lasts for 12 months, before buying an extended warranty. How you pay for the product can matter. If paying $100 or so for an extended warranty for your new electronic gadget will help you sleep at night and avoid nightmares of a smartphone emergency or laptop catastrophe, then it's probably money well spent. As with most products and services offered in the F&I office, an extended warranty doesn't have to be purchased when you buy the car. In fact, you can usually buy a warranty any time before the car's manufacturer warranty expires. Moreover, you don't have to buy it from the dealership where you purchased the car. The only advantage to buying it as part of a new-car purchase is that you can roll it into the financing and monthly payments. This means you will wind up paying more for it over the long haul, but you don't have to pay one lump sum. An extended warranty is really a service contract. It covers the cost of specified repairs after the car's manufacturer warranty expires. Think of it as medical insurance for your car. Some extended warranties are more comprehensive than others. Some have deductibles, while others don't. Before you buy any extended warranty... An extended warranty should not be a rush purchase! Before buying any extended warranty, read the contract carefully. Be sure you understand what is and what is not covered, where you can have your car repaired, and whether there are any deductibles or limits on your coverage. Remember, you do not need to purchase your extended warranty from the dealership. If your dealer tells you that you cannot obtain financing without buying an extended warranty or that you can only buy an extended warranty when you purchase the car, it's time to find a new dealer. Shop around thoroughly. You don't have to buy an extended warranty where you bought the car. Since there is so much money made from these plans, you should expect very eager sales staff encouraging you to opt for the extended warranty. Don't be rushed into a decision.  An alternative to extended warranties. One alternative to an extended warranty is to keep your own repair fund. Open an interest-bearing bank account or CD and deposit $50 per month for the duration of your new car's bumper-to-bumper warranty. When the warranty expires, bump up your deposits to $75 per month. Remember, you do not need to purchase your extended warranty from the dealership. If your dealer tells you that you cannot obtain financing without buying an extended warranty or that you can only buy an extended warranty when you purchase the car, it's time to find a new dealer. 1 Dealers may try to sell you a extended warranty (also known as an auto service contract) when you buy a new or used car. 2  A warranty comes with a new car and is included in the original price of the vehicle. 
http://www.consumerreports.org/cro/news/2013/07/is-it-worth-buying-an-extended-car-warranty/index.htm http://money.usnews.com/money/personal-finance/articles/2013/12/19/when-you-should-and-shouldnt-buy-an-extended-warranty http://www.autotrader.com/car-shopping/do-you-need-an-extended-warranty-199185 http://cars.about.com/od/buyingadvice/a/extwarranty.htm http://www.wikihow.com/Buy-an-Extended-Warranty-for-a-Car http://cars.about.com/od/buyingadvice/a/extwarranty.htm http://www.answers.com/Q/Should_you_buy_an_extended_warranty
should i buy an extended warranty on a new car