Best Auto Warranties
      May 25, 2019

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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


Top Consumer Reviews Articles provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

When to Buy An Extended Auto Warranty Plan

New cars generally come with a warranty. Typically, that warranty will expire after a specified number of years or a specified number of miles, whichever comes first. An extended warranty is actually a service contract that helps cover the cost of repairs after the manufacturer's warranty expires. Purchasing one or not purchasing is strictly up to the buyer. When to purchase an extended warranty is also up to the buyer. You can purchase an auto extended warranty at any time.

One option is to purchase an extended warranty when purchasing the car. This offers a couple of advantages. First, it gives you negotiating power to ask for a lower price on the cost of the extended warranty. After all, the dealer wants to sell the car and will make more profit from the sale of the car than from the sale of the extended warranty. Chances are, if he has to come down on the price of the extended warranty in order to sell the car, he will. Other advantages include being able to roll the cost of the extended warranty into the financing for the car and spreading the payments out over time rather than paying for the extended warranty in one lump sum.

Extended warranties do not have to be purchased with the car. In fact, since an extended warranty is a service contract, it can be purchased either during the life of your manufacturer's warranty or after that warranty has expired. Be aware though that you may end up paying more for an extended warranty if you do wait until the manufacturer's warranty expires.

These warranties can be purchased through a variety of companies. Both manufacturers and third-party dealers sell extended auto warranties.

Before making the decision on when to buy an extended warranty, go online and research what your options are. Price and coverage will vary depending on a variety of factors. Duration of the warranty, extent of covers and warranty dealer will all affect price. Make sure you compare the duration, coverage and price of any warranties you are interested in purchasing.

Be sure to also read any fine print before purchasing and look for other differences between policies which may affect price. For instance, look for differences in deductible amounts, whether there are limits on where you can get the car fixed and whether the warranty is transferable to a new owner if you sell the car before the warranty expires.

Purchasing an extended warranty can be a smart investment on a new or a used car. Be sure to go online and do your research before purchasing an extended warranty so you get the best deal you can.

How to Find the Best Extended Warranty for Your Car

The Drive and its partners may be compensated if you purchase the products mentioned below. Read more. As a car owner, your vehicle will eventually need repairs. Even if you follow the recommended ...

Published:  Fri, 24 May 2019 07:58:00 GMT

Honda extends warranty for CR-V and Civic due to engine problems

Honda is extending the powertrain warranty on what amounts to over a million cars in ... Consumer Reports uncovered a memo sent to Honda dealers concerning the news from Honda's manager of auto ...

Published:  Fri, 24 May 2019 08:20:00 GMT

Should Mercedes repair my out-of-warranty car?

I own a Mercedes-Benz C-Class C200 and it has just suffered its third NOx sensor failure. The first two times, the failure occurred while the car was within its warranty period; but now it has ...

Published:  Wed, 22 May 2019 03:04:00 GMT

Honda Extends Warranty on Troubled Turbo Engines

The warranty extension is primarily to reassure vehicle owners ... That was before the reliable and spacious Honda minivan. Now I'm covering auto safety, new technology, and corporate accountability ...

Published:  Thu, 23 May 2019 15:44:00 GMT

Car buyers: Are extended warranties worth the cost?

According to a Consumer Reports survey, reliability is a top concern among almost every car shopper, regardless of if they're buying new or used. But are extended warranties worth the cost? Some ...

Published:  Tue, 14 May 2019 14:20:00 GMT

Does Auto Repair Insurance Provide Enough Coverage for Your Car?

Auto repair insurance, much like an extended warranty, covers the breakdowns and mechanical failures that happen as a result of normal driving habits. Different car repair insurance and service ...

Published:  Fri, 24 May 2019 08:20:00 GMT

Wilkes-Barre auto dealer slapped with AG's Office lawsuit, claiming fraudulent practices

The company also claimed a warranty was placed on every vehicle, but many were not "warrantable due to pre-existing mechanical issues that (Auto Now) knew or should have known existed." The suit lays ...

Published:  Fri, 24 May 2019 00:59:00 GMT

W-B used car dealer accused of selling duds

The lawsuit alleges RCMS Auto Sales, Inc. and its owner, Thomas J. Hashem, Jr., deceived customers about the quality of the vehicles as well as the extent of warranty coverage the business offers. The ...

Published:  Wed, 22 May 2019 17:00:00 GMT

Advance Auto Parts Inc.

SIX Financial Information (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular ...

Published:  Fri, 24 May 2019 13:55:00 GMT

Auto review: Redesigned 2020 Toyota Corolla offers strong design, excellent tech features

... warranty), but some competitors in this segment offer even more impressive warranties. The redesigned 2020 Toyota Corolla is a sharp-looking and tech-savvy car to get you where you need to go, but ...

Published:  Wed, 22 May 2019 13:29:00 GMT

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