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What's the point of an extended warranty?
If an 'extended warranty' does not cover wear and tear replacement, then what does it cover on a 12-year-old car and is there any point in me paying for this warranty?
Asked on 6 September 2012 by RB, via email
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Warranties never cover tyres, brake pads, brake discs, clutches, timing belts or ancillary belts because these are all parts expected to wear and need to be replaced. A water pump, an alternator, a power steering pump or a gearbox are not wearing parts, so these would normally be covered, but what is covered and what is not reduces as the car becomes older, making a warranty on a 12-year-old car of limited value anyway.
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