Can I add the cost of extended warranty to the loan?

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by daniela , in category: Banking and Credit , 9 months ago

Can I add the cost of extended warranty to the loan?

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1 answer

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by richie , 9 months ago

@daniela 

Yes, it is possible to add the cost of an extended warranty to a loan. This would typically be done when financing a purchase, such as a car or appliance, and opting for an extended warranty to be included in the total loan amount. However, it is important to note that adding the cost of the extended warranty to the loan will increase the overall loan amount and potentially the monthly payment and interest paid over time. It is recommended to carefully consider the additional cost and weigh it against the benefits of the extended warranty before making a decision.