But don't expect to never pay a repair bill again. Many warranties require you to pay a deductible every time your car is serviced. Some make you pay one charge per visit for repairs, even if they're all for the same problem. Others require one for each unrelated repair. Car dealers aren't selling you an extended warranty because they know it will save you from paying them either, according to Ward.
People think they cover everything, including the power windows motor.
Extended warranties also require diligence on your part. When you bring your car in for what you consider covered repairs, you'll be required to show you have given your car the proper routine maintenance. If you can't show that, the contract can be voided. Extended warranties aren't traps. In fact, there are ways to save money when you purchase one.