Do You Need An Extended Warranty? Here’s A Quick Guide

kkkAn auto extended warranty is effectively a service contract that protects you from expensive car repairs once your factory warranty has expired. It is also called an extended service agreement or a vehicle service agreement.

Car owners can get Auto extended warranty deals from vehicle manufacturers. This kind of warranty practically extends the manufacturer’s warranty for a certain time period. This allows you to bring the car in for repair and service at the dealer until the warranty expires.

Insurance companies and independent service providers also offer auto extended warranty deals. This third-party coverage allows you to bring the car to any accredited garage for repairs or servicing. Some will ask you to pay for the repairs first then claim for a reimbursement while others allow the repair shops to collect from them directly.

Protection Against Unexpected Repairs

When you own a vehicle, you need to be ready for car repairs. However, sometimes even when you are ready for it, there are unexpected repairs that cost hundreds if not thousands of dollars that can subject you to financial stress. Auto extended warranties ensure that you will be spared from a big headache.

Ups the Value Of the Vehicle

If you are considering your vehicle in the future, auto extended warranty deals still paint a win-win scenario for you. These service contracts are transferable for a minimal fee so the next owner of the vehicle can still use them. With an extended warranty, the resale value of the vehicle remains high.

Other Benefits

When you sign up for an extended auto warranty, it opens the door for you to enjoy several perks. You can get discounts on car rentals, towing services, trip-interruptions, and when you lost your key and you’re locked out of the vehicle.

So, do you need an auto extended warranty?

If you do not want to deal with surprise car repair bills, then auto extended warranty is for you. This is also true if you plan to keep your vehicle way beyond the expiration of the manufacturer’s warranty.

If your vehicle has a good reliability record, you might be able to put on hold your purchase of an auto extended warranty. However, do not delay it too much as these contracts do not cover pre-existing issues and you might not be able to make most of the auto extended warranty deals if your car is showing several symptoms of engine or mechanical issues already.

Moreover, if your vehicle is known to have low cost for repairs, it might be best to do the math first and see if you need an auto extended warranty or you might just end up paying more if you get one.

Of course, if your vehicle is still under factory warranty, it is not advisable to get an auto extended warranty yet. There is no good reason to have a double coverage especially if your factory warranty will last for several more years. Remember, you can always get an auto extended warranty just before your factory warranty expires.

In case you are looking for the best Auto extended warranty deals, visit Autoextendedwarranty.co and learn more about service contracts, how you can get the best deals, and how you can make most of such coverages.

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