Buying an automobile is a huge investment. Aside from a home, owning a four-wheel machine and the accompanying maintenance is one of the largest expenses for Americans. Like most property of immense value, it’s important to protect those assets through an insurance policy while a warranty helps the buyer have further peace of mind for unplanned, often expensive, events. In general, there are two types of warranties to closely consider for your rig or car collection: the factory warranty, which comes with a new car purchase, and the extended warranty, which is an option to add onto an older car.
Forbes | July 2023
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