When Do I Need an Extended Car Warranty?
If you've recently bought a vehicle or are considering getting one, it's imperative to understand the importance of buying an extended car warranty. An extended car warranty is just what the name suggests -- an extension of coverage for your car.
The auto you currently own might have come with an extended warranty. If so, it's still a good idea to purchase an extended car warranty plan. Keep in mind though, the sooner you buy your plan, the better it will be for you. Although you can get an extended warranty long after purchasing your vehicle, you will probably end up spending more. Your best bet is to purchase a plan as soon as you possibly can. This will ensure uninterrupted coverage and the best rates.
Many auto lots offer extended warranty products that can be paid for at the same time as your auto. You can also choose to buy a warranty from a third party company. You may think that your new car doesn't need an extended warranty. However, it's hard to predict what may or may not go wrong. Even with a new auto, truck or SUV, things can go wrong. With the rising cost of labor and parts, an extended vehicle warranty can save you a boatload!
When searching for an extended vehicle warranty, browse plans offered by third party companies in addition to the ones offered by the dealership. Often these third party companies can offer you a better rate and a more comprehensive plan. Be sure that the plan you decide on covers both parts and labor. SSome plans will only cover parts, and in such a case, you'd be stuck paying extravagant labor rates. These days, it's not uncommon for vehicle repair shops to charge more than $50 per hour for labor alone!
Before spending any money on an extended car warranty, make sure you comprehend all the details of the plan. You may have to pay a deductible on some warranty plans while others may not require it. Some auto warranties cover parts and labor, while others just cover parts. It's important to find a plan that covers not only mechanical failure, but wear and tear also. Certain plans even provide things like 24-hr roadside assistance in the event that you find yourself stranded by the roadside.
There are many alternate providers of extended vehicle warranties. You can get a plan from the auto dealership, a warranty provider with a physical location, or a warranty provider that does business online.
Regardless of where you choose to buy your extended warranty from, do some research to make sure you're getting the best deal from the best company. There are many great companies out there, and some that are not so great. Choosing the right provider can make the difference between a great extended warranty and one that's not so great!
Jackie Jones runs the popular vehicle extended warranty shopper website. Do you need to buy a car warranty or get more information about auto extended warranties? Visit AutoWarrantyShopper.com today!
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