Extended Auto Warranty Coverage: Is It Worth The Price? |
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Chad Kiser
3 September 2008
Buying a car is an investment. That's a fact. Now, when you purchase new cars, you will see that most brand new cars will come with some sort of warranty that is offered by the auto dealer or the factory that manufactured the car. Usually, most limited warranties that are provided will usually last up to five or even seven years. This means that it will last for up to 50,000 miles.
Some factories will even provide you with a ten year or 100,000 mile limited warranty for the car you purchased. After the warranty expires, you will be the one responsible for paying for the cost of maintenance and repairs to the vehicle. If you are like many people, you wouldn't want to spend hundreds or even thousands of dollars on repairs and maintenance to your car. If so, then you will want to get an extended warranty for your vehicle.
So, just what is an extended auto warranty and what does it cover? Is it worth your money?
First of all, an extended auto warranty is an extension of your limited auto warranty provided by the car dealer or the factory from where the car was manufactured. Extended warranties will last for another three to five years depending on what you purchase. The great thing about extended auto warranties is that it will be able to cover the cost of body damage, as well as engine problems. It can also cover problems on the car due to normal use.
By just paying for one flat fee, you will see that you will be able to get your car covered by the extended auto warranty and never worry about the repairs and maintenance cost.
It is important for you to know how to compare the different extended auto warranty plans. You have to remember that there are quite a lot of car dealerships out there that will be able to offer you plans for an extended auto warranty that can be comparable to other companies. Usually, what most car dealerships will do is subcontract their extended warranty policies to other companies that offer warranty. This will mean extra fees for the extended auto warranty.
Of course, you want to get a cheaper extended auto warranty. Besides, you wouldn't want to pay for something that you can get for less, would you? As much as possible, try getting the extended auto warranty from companies that directly offers this kind of warranty. By doing so, you will be able to see which plan is better.
Now that you know how to choose an extended warranty, the next question would be if it is worth the price. The answer will depend on how you use your new car. If you just do light to moderate driving, an extended warranty will not be needed. However, if you drive the car heavily and use it as something to haul your equipments, then an extended warranty would definitely be good.
Buying an extended warranty will ensure you that the maintenance and repair cost of your car will be taken care of. By buying extended warranty, you can be sure that you will be secured from the heavy costs of repair.
Remember these tips and you can be sure that you will be able to get an extended auto warranty that will be worth every penny. Your automobile is an investment.