A frequent misunderstanding is that by holding off buying an extended warranty, you will get coverage for a longer time.

That doesn’t work though, because the cost for a car warranty will increase as the car ages and mileage adds up.

You will be offered the longest terms and the lowest rates for newer vehicles with lower mileage.

The more factory warranty you have remaining, the lower the cost and greater the length of the warranty extension. In other words, you are paying for tomorrow’s coverage at today’s rates.

It was an interesting chat, in which Kelly gave some compelling reasons to buy an extended warranty for your vehicle, including the fact that car repairs now average $600 a pop.

You can listen to the interview by clicking the link below:

America’s Car Show Interview with Kelly Levine from Warranty Direct