WHY WOULDN’T YOU BUY AN EXTENDED CAR WARRANTY?
SOMETIMES EXTENDED AUTO WARRANTIES MAKE SENSE AND SOMETIMES THEY DON’T.
After Buying a new car most people are burnt out and tired and they get the luxury and privilege of dealing with the finance manager. Its then then when he or she will start talking about an extended warranty. An extended warranty is actually an extended service contract that covers the cost of certain repairs and problems after the factory warranty expires.
Do you need an extended warranty?
Don’t let the dealer pressure you into a quick decision. First, you may not need an extended warranty. And even if you do, you’ll get a much better deal later by shopping around and securing a warranty direct from the company issuing the policies and by not simply using a broker. People who buy and trade cars frequently shouldn’t buy an extended warranty. There’s no need to purchase a car warranty if you only plan to keep the car for three or four years, because repairs are covered under the car’s original warranty.
Notice – We are telling you not to buy a warranty we sell in this situation – what other protection company will tell you that?
But let’s say you plan on keeping a car long after its original warranty expires. Should you purchase an extended service contract?
Make a wrong move here and it could cost you hundreds, even thousands, of dollars. Extended warranties are enormous moneymakers for auto dealers, with mark-ups running to 100 percent over what you could buy the same coverage for elsewhere.
Chances are you’ve probably heard of an extended car warranty and wondered if it is worth getting, especially if you are in the market for a used car. An extended car warranty can potentially save you hundreds, even thousands of dollars on repair costs, giving you peace of mind. It is in this situation where it makes sense to have one.
Many cars run out of the original manufacturer warranty around 60,000 to 100,000 miles. If your car is past its warranty but you don’t want to get stuck with repair bills, you should research extended warranties and most of all reputable companies that has a rating with BBB and good reviews.
It can be very stressful, not knowing when you will have to pay for a major car repair or even more stressful imagining the cost associated with it. However, finding the right extended car warranty doesn’t have to be a bad experience, in fact it can be a great one. Especially if your the person at the repair shop with a Red Auto Protection card. It is important that you use these criteria (Coverage, customer service, and support) to find the policy that gives you the best coverage, claim services and support.