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Car dealers like to present extended warranties as ensuring the consumer's peace of mind. They might do that but the real question is whether they can be counted on to pay for major repairs during the term of the warranty. From what we've heard, we suspect that most extended warranties are a waste of money that could be better spent on performing equisite maintenance, still the best insurance of trouble-free motoring. But don't take our word for it. See our Special Report Five Reasons Not To Buy An Extended Warranty, based on the experiences of the thousands of consumers who've written to us over the years. And take a look at a 2008 Consumer Reports study. Report Your Experience
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