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      April 27, 2018

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How Much Should You Pay for an Extended Auto Warranty

Tips on Purchasing an Auto Warranty Plan

When to Buy an Extended Auto Warranty Plan

 

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Tips on Purchasing an Auto Warranty Plan

If you are about to invest your hard-earned money in a new or used car, you may want to consider protecting your investment by purchasing an extended warranty.

An extended warranty is a service contract that covers the cost of repairs after the manufacturer's warranty expires. Unlike the manufacturer's warranty, which is included in the price of the car, an extended warranty is an additional cost and can be purchased from either the manufacturer or from a third-party company that specializes in auto service repair contracts.

You don't have to wait until your manufacturer's warranty is about to expire before considering purchasing an extended warranty. In fact, you can negotiate the addition of an extended warranty into the price you pay for your car.

Purchasing an extended warranty from the manufacturer offers several advantages over third party companies. Under a manufacturer's warranty, you get automotive factory technicians to work on your vehicle. Repairs are done while authorization for them is being obtained with no wait time for you. You won't need to file claims for reimbursement or lay out money up front. Finally, if you decide to sell the care, a manufacturer's extended warranty is transferable to the new owner.

Many dealerships sell both the manufacturer's extended warranties and third-party warranties and will try to sell you whichever makes them the most profit. Try to do your research online first so that when you negotiate with the dealership you know what you want and what is available to you. Most extended warranties, regardless of who is selling them, offer different levels of coverage. Typically, there are three levels of coverage. The first level covers the power train. The second covers the power train plus several other components. The last offers the highest level and is referred to as comprehensive or bumper-to-bumper coverage, which includes expensive electrical systems repairs.

The benefit of purchasing an extended warranty when you purchase the vehicle is that you can roll the costs of the extended warranty into your financing and can pay for it as part of your monthly payments rather than pay for the warranty coverage in one lump sum later.

Regardless of when you decide to purchase an extended warranty, be sure to first go online and research different coverage options and price points. Don't forget to compare options like level of coverage, price and duration of the policy.

Purchasing an extended warranty can be a good investment if you plan to keep the car past the life of the original manufacturer's warranty. If you do your research and plan ahead, you can get a plan that's an investment and not a waste.

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Published:  Fri, 13 Apr 2018 07:00:00 GMT



Amazon's $30-off sale on the Echo Dot for your car has been extended

Just say the word to get directions, hear the latest news, shop online, play music, and more over Bluetooth, Carplay or Android Auto. What You Get: Roav VIVA, Manual, Quick Guide, Happy Card, Skills Cards, 12-month warranty and our friendly customer service.

Published:  Tue, 24 Apr 2018 10:05:00 GMT



Announcing Liberty Automotive Protection's Extended Auto Warranty Services Throughout NJ

OCEAN, NJ / ACCESSWIRE / April 13, 2018 / Liberty Extended Auto Warranty protection is proud to announce the availability of its services across New Jersey. We are a proud partner of most dealerships and car owners get the best quality services when it ...

Published:  Fri, 13 Apr 2018 10:36:00 GMT



Shopping for a New Car Be Sure to Compare Safety Features & Warranty

Today's new cars are the safest ever. That's due, in large part, to a growing list of hi-tech safety features, such as lane-departure warning, rear cross-traffic warnings, blind spot monitors and adaptive cruise control. When you go shopping, you need to ...

Published:  Mon, 23 Apr 2018 07:31:00 GMT



Ask Finney: Toys 'R' Us warranties, car accidents, recycling utility and financial statements

7 On Your Side's Consumer expert Michael Finney answers your consumer questions. It would not hurt to call the company. Ask if you have a manufacturer's warranty or an extended warranty bought through Toys "R" Us, either way, you are covered. The warranty ...

Published:  Wed, 18 Apr 2018 19:03:00 GMT



Meet Protect My Car, a 2018 Best Places to Work honoree

It offers vehicle service contracts (otherwise known as extended auto warranty plans), as well as various maintenance plans, for almost all vehicle makes and models. Protect My Car has operated in the vehicle service contract space since 2005. It is now ...

Published:  Tue, 17 Apr 2018 03:59:00 GMT



Are you covered 7 things you may not know about new car warranties

Most of us know the new-car basic warranty, often referred to as the "bumper-to-bumper warranty," is designed to protect the owner against any factory defects during the first few years of ownership. But did you know this coverage doesn't actually apply to ...

Published:  Fri, 13 Apr 2018 07:11:00 GMT



Are you covered 7 things you may not know about new car warranties

Most of us know the new-car basic warranty, often referred to as the "bumper-to-bumper warranty," is designed to protect the owner against any factory defects during the first few years of ownership. But did you know this coverage doesn't actually apply to ...

Published:  Fri, 13 Apr 2018 07:03:00 GMT



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