Extended warranty is an additional warranty on a product after the actual warranty has expired. It can be purchased from the dealer of the product or even as an afterthought.

Whenever a consumer buys a product, he assumes that the product is fit to use. He trusts the features and functions as described or demonstrated by the seller, depending upon the type of the product. The buyer offers a warranty, promising to either fix or replace a faulty product.

Extended warranties can cost up to fifty percent of the purchase price. This again depends on the type of the product.

This warranty is only for a specific limit of time from the date of purchase. Cars often come with a