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Many consumers may not realize that they can negotiate the pricing of extended warranties at the dealership. Given the substantial markups often applied—sometimes doubling or tripling the original cost—knowledge about this potential for negotiation can significantly benefit buyers.
Looking Ahead: A Sustainable Market Change?
As the market for vehicle service contracts continues to grow, industry professionals anticipate that demand will only increase. Many individuals are inherently risk-averse, creating a steady flow of interest in protective options. Furthermore, insights gathered from buyer experiences could inform better offerings and transparency in the contracts available.