Vehicle Warranty
Are you thinking about buying an extended vehicle warranty for your brand new car? Did you have one for your previous vehicle? Perhaps the dealership attempted to sell you one after buying from them. Are you thinking about buying one now? Have you no idea what an extended auto warranty is? Regardless of your experience or knowledge about car warranties, you’re probably seeking clarification about the subject.
In this article, we will answer four common questions that most people ask about extended car warranties
What is an Extended Vehicle Warranty?
Every manufacturer will have a warranty that will cover for vehicle repairs and problems. But this cover is only varied for a specified period after which it expires. An extended vehicle warranty or a vehicle protection plan is, essentially, a service contract that provides similar coverage beyond this specified period.
Is an Extended Vehicle Warranty Different from a Vehicle Protection Plan?
As stated above, both contracts are supposed to cover for your car repairs and problems after the expiry of the original manufacturer’s warranty. The main difference between the two contracts is the issuer. Only the manufacturer or an authorized dealer can sell an extended vehicle warranty. On the other hand, independent providers are also allowed to issue a vehicle protection plan.
Another stark difference is where you can take your car for repair. With an extended vehicle warranty, you may be limited to a specific dealership or shop. However, a vehicle protection plan allows you to take your car to any dealership or shop for repair. Additionally, a vehicle protection plan will include other features and benefits that an extended car warranty won’t have.
Do I Really Require an Extended Vehicle Warranty?
Only you can answer this question best since you know your car’s specific needs. But perhaps the following few questions can help you decide whether you need an extended vehicle warranty or not. If you were faced with a huge car repair bill today, do you have enough money set aside to cover for it? Do you have access to 24-hour road assistance? If your car was in the shop, could you find a rental car to use in the meantime and get reimbursed for it? Do you ever think about what you would do or how you would pay for the repair bill if your car broke down? If you answered in the negative for any of the first three questions or in the affirmative for the last one, then you should probably consider getting an extended auto warranty for your car. You won’t have to worry when faced with the problems above if you get one.
Can I Afford to pay for an Extended Vehicle Warranty?
One common misconception about extended vehicle warranties is that they are too expensive to afford. Nothing can be further from the truth. There are very pocket-friendly options out there. You can get a convenient extended vehicle warranty with affordable monthly payments. Many providers offer different levels of coverage with their wide range of coverage options, so you can’t fail to find a protection plan to fit your specific budget. Furthermore, when you use your benefits to cover for many minor repairs or one major one, it could cover the cost of your entire plan or help you save a lot of money overall.