How to Avoid Being Surprised by 7 Nasty Expenses

1. Automobile breakdowns

Man leaning against car with hood open, making a call.
pathdoc / Shutterstock.com

Vehicle breakdowns are hard to anticipate. Some drivers buy mechanical breakdown insurance or extended repair warranties for added peace of mind.

Mechanical breakdown insurance is supplemental insurance that covers repairs unrelated to accidents.

An extended auto warranty covers repairs after factory warranties have expired. The items such warranties protect vary, but they typically exclude wear-and-tear and routine maintenance, such as replacing tires, notes U.S. News & World Report.

Some warranties are backed by vehicle manufacturers and others are backed by car dealers or warranty companies.

Money Talks News founder Stacy Johnson weighs the pros and cons of extended repair warranties in “Ask Stacy — Should I Buy an Extended Car Warranty?

Popular Articles

These 13 States Tax Social Security Income
These 13 States Tax Social Security Income

Uncle Sam is not the only one looking for a piece of your retirement income. Is your state on this list?

13 High-Paying Jobs You Can Do From Home
13 High-Paying Jobs You Can Do From Home

Hoping to work from the comfort of your bedroom? These home-based careers bring in good pay.

9 Great Travel Discounts That Begin in Your 60s
9 Great Travel Discounts That Begin in Your 60s

These offers of up to 50% off vacation expenses are proof that life gets better with age.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Trending Stories

Comments