Do We Need Extended Warranty On Our Car Or Not?

All cars whether new or old need servicing to run in ideal condition plus some may even develop problems over time, requiring a extensive pro service. With maintenance running into plenty of dollars or even more, most car owners shudder when they understand that their car will need fixing. If you purchase a used car, the odds of having to bear the costs of a repairs will be big and even an alternative that one could think about is purchasing an extended service warranty on your vehicle. Still do these extended warranties actually save you any money or possibly are they a waste of money?
Loads of things influence the servicing bill which will come your way that also eventually determines whether it is best to spend extra money on extended warranty on cars. 
The most significant, obviously, is how old the car is. A new vehicle is generally insured by the maker's warranty for either a time or for specified number of miles. Plus, a new vehicle is as well less likely to develop any kind of complications at first. However, for anybody who is ordering a used vehicle, then the condition of the vehicle must dictate your selection. It could possibly even be worthy to have the vehicle examined individually before you arrive at any conclusion. 
The model of the car is equally essential as some makes are recognized to be even more susceptible to engine problems than others. Like second hand BMW cars are not likely to run up a number of maintenance yet you may not be so lucky with other models. It is best to make a in depth search on your own about the life and performance of diverse cars. However, also regular servicing BMW service can be quite costly and even an extended service contract will help you conserve a lot of money in the long term. 
Though there are some things to be aware of well before deciding to take or leave an prolonged warranty. Analyze the offer correctly to understand what all is covered under it. Distinct service centers or even manufacturer's provide warranty just under a certain set of circumstances. You could be in for a impolite shock otherwise later on. Warranties could cover only breakdowns and may not replace worn out parts. Other than this, you may be needed to buy certain parts for example lights and tires and be expected to pay a certain amount out of your own pocket as deductible. On the other hand different dealers may offer extended service agreements at various rates. This could be due to various terms and conditions and the extent of the services being offered.
Most people think that it won't sound right to pay for an extended service warranty because there is no certainty that you're going to require it. Generally, if you're going to replace your car right after sometime, then the requirement for an pricey repair may never take place. However, you'll need regular service for example oil change and so on and even a service agreement that covers it would be really helpful. Although, a careful analysis is a must before making a decision.