Consumer Reports: Extended car warranties never used by the majority of buyers

Looking for an easy way to save hundreds on your next new car and simplify the buying process at the same time? Skip the extended warranty. The dealer will probably try hard to sell you one, telling horror stories about the thousands of dollars it can cost to replace an engine or transmission. But the odds are you’ll never need the coverage, and even if you do, the money you’ll save in repairs won’t come close to what you paid for the added warranty.

A recent Consumer Reports survey found that 55 percent of owners who purchased an extended warranty hadn’t used it for repairs during the lifetime of the policy, even though the median price paid for the coverage was just over $1,200. And, on average, those who did use it spent hundreds more for the coverage than they saved in repair costs.

Chevy Colorado 2015 Review

Chevy returns to the midsize pickup truck market in the fall with the Colorado, aimed at outdoorsy types, especially Californians. GM promises a more refined, quieter smaller truck that can do many things a full-size pickup can. There will be two aluminum-block engines available in the first year, a 200-horsepower, 2.5-liter four-cylinder engine and a 3.6-liter V6 with 305 horsepower. All-wheel drive is available. In the second year, a diesel engine will be available. Six-speed automatic transmissions; two- or four-wheel drive. Starts at $20,995 including shipping.