Essential factors to be aware of before buying an extended car warranty
An extended car warranty is a form of a service contract that covers auto repairs after the manufacturer’s original warranty runs out. The coverage varies across plans. However, typically, they don’t include upkeep for the wear-and-tear and the standard maintenance items like the tires, the air cleaners, the brake pads, or oil changes. Getting an extended car warranty remains a hot topic of debate, as around 55% of the consumers who buy this plan never end up using it. Clearly, this staggering percentage implies that there’s a good chance this expensive plan might not come in handy after all. So, before one gets an extended warranty, there are some key considerations to be made. Continue reading to find out if purchasing an extended car warranty is a right decision for you or not.
Who should buy an extended car warranty?
An extended car warranty is not the best choice for every driver. Therefore, one should only get it when-
Almost every car dealership one visits will offer an extended car warranty offer. It is essential to know that the choice is completely up to the buyer. If a dealer tells the prospective buyer that they are not eligible for financing without an extended car warranty then it is safer to switch to another dealer.
What factors to consider before getting an extended car warranty?
Before one goes ahead with the plan of getting an extended car warranty, there are some aspects that should be scrutinized. They are as follows:
How to buy an extended car warranty?
One can purchase an extended car warranty using the following ways:
What determines the cost of an extended car warranty?
The following are some important determinants that help figure out the final cost of an extended car warranty:
The approximate cost of extended car warranty can fall anywhere between $1200 and $3000.
Tags – extended car warranty, car warranties, car extended warranties
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