7 Benefits to an Extended Auto Warranty
Regardless of whether you’re looking to purchase a new vehicle or a pre-owned car and you’re wondering whether you should make the investment in an extended car warranty. You do have options when it comes to car warranties — the original car manufacturer’s warranty and the purchase of an extended warranty. When looking at warranties, an extended car warranty will extend the coverage that comes from your original warranty.
When you buy a car, it will usually come with some type of warranty from the manufacturer. The manufacturer’s car warranty will come with a specified number of years and/or mileage combination such as 10 years/100,000 miles or 36 months/36,000 miles. A manufacturer’s warranty will offer coverage that addresses power train issues or could even cover from bumper-to-bumper.
When you purchase an extended car warranty you can purchase that to add on to the original manufacturer’s warranty. If you are the owner of a pre-owned car you can usually buy an extended warranty. Many pre-owned vehicles now come with some sort of warranty coverage — either from the dealer from whom you are purchasing it or it could have time left on the original warranty. Remember that buying an extended warranty will cover your vehicle’s parts after the warranty that originally came with the car has expired.
There are seven main benefits and reasons for purchasing an extended warranty for your vehicle, they include: because autos cost more to repair than in the past, expenses could run into the thousands of dollars if you have an issue with electronic components or the drive train; many people drive more than 15,000 miles per year, and this could eat up your original warranty rather quickly; vehicles today are expected to run well into the 100,000 mile range so an extended warranty can offer protection for you well into the future.
If you need more reasons to consider an extended warranty, they are: The potential costs of a major repair will be realized if you can take advantage of your extended warranty; purchasing an extended might add to your vehicle’s resale value and if you have a major repair bill it can decrease the cash outlay in the future; a large bill from the auto mechanic and you will potentially see the benefits of having purchased your extended warranty. Because a vehicle is a large investment and because you will likely have monthly car payments, it is wise to take time to weigh benefits of whether an extended warranty will work in your favor.
To protect your investment, get an extended car warranty. For a wide variety of coverage plans visit http://endurancewarrantyservices.com.
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Lori Catz on June 25th 2011 in Car Insurance