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In today's consumer watch, retailers often sell extended warranties on electronics and appliances. Some Sears customers feel the bankrupt company isn't honoring the protection plans. When a Colorado Springs woman couldn't get her broken refrigerator replaced under the extended warranty she bought, she contacted chief investigative reporter Eric Ross for help. With receipts and records of issues stored in a binder, the customer paid for an extended warranty on her $3000 refrigerator, expecting it to be fixed promptly. However, she faced excuses and broken promises until Ross got involved, resulting in positive outcomes for the customer.

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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Is it too late to buy an extended warranty?

Although you can purchase an extended auto warranty at any time, waiting until the original factory coverage has expired will generally mean paying a higher premium rate. The most advantageous time for purchase may be near the end of the original warranty term.

Do I need to pay if I have warranty?

If my car is under warranty, do I have to pay for a service? It depends on the service. If your car is under warranty but the repair or replacement itself is not covered, then you will have to pay for the service.

What are the disadvantages of an extended warranty?

Con: They Are More Expensive When Purchased Later The best prices, though, are when the vehicle is new. In addition, with a few miles on the odometer, you will command a top deal. For new cars, the service contract will not kick in for several years, usually near the time the original warranty expires.

Do companies have to honor warranties?

Federal law prohibits you from disclaiming implied warranties on any consumer product if you offer a written warranty for that product (see What the Magnuson-Moss Act Requires) or sell a service contract on it (see Offering Service Contracts).

Can you charge for a warranty?

The warranty processing fee might seem shady, but it is legal. In fact, the warranty actually spells out that such a fee can be charged. That doesnt mean you have to like it or that its right.

Is extended warranty a monthly payment?

An extended warranty is basically a vehicle service contract that covers the repair costs after you purchase a vehicle. You pay a certain amount each month for this service plan until it is paid off. You can also opt for a one-time, annual payment.

Is extended warranty free?

An extended warranty plan from the dealership will usually cost between $1,000 and $1,500. Normally, the cost of an extended warranty is tacked on to your monthly car payment. However, one drawback to is you may end up paying interest on the warranty, and it becomes more expensive in the long run.

Does extended warranty cost money?

Based on the quotes our review team has collected, an extended car warranty can cost anywhere from $1,300 to $4,600, with the average cost being around $2,600. Prices vary so widely because there are many factors that can influence costs, such as the plan type and contract length you choose.

How long does a company have to fulfill a warranty?

In most cases, thirty days is considered to be a reasonable time for repair under warranty. If the company fails to address the problem, you may have a valid claim for small claims court. It is important to remember that you will not have legal representation in small claims court.

Can I get an extended warranty after my warranty expires?

You can even purchase an extended warranty after the manufacturer warranty expires, although the price will go up considerably.

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