TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.

 

Go To Reviews >

How Much Should You Pay for an Extended Auto Warranty?

When purchasing a car, whether new or used, you will be faced with the decision of whether to purchase an extended auto warranty. If you've done your research and have decided buying an extended auto warranty is a purchase you want to make, now it's time to consider how much you should pay for that auto warranty.

The price of extended auto warranties can vary greatly. The price depends on a number of factors including the following. The amount of coverage you want in your policy will affect price. There are three tiers 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 electrical systems, which can be expensive repairs. Each of these levels will be at a different price point with comprehensive being the most expensive.

Another factor which determines price is the duration of the policy. Duration of the policy is usually quoted in terms of mileage or years. That is, you may purchase a policy that is good until 150,000 miles or 10 years.

Who sells the policy is another factor that can affect price. Both auto dealerships and third-party companies sell extended auto warranties. Auto dealerships may sell both the manufacturer's warranties and third-party policies.

When purchasing a policy from a dealership, whether it's a manufacturer's policy or a third-party policy, you have room to negotiate if you're purchasing a car at the same time. Dealerships may simply offer you whichever policy is most profitable for the dealership. Be prepared before you walk in. Make sure you have researched policies online and can tell the dealer the coverage, duration and how much you're willing to pay and see what he offers. If he thinks you'll walk away from the sale, he'll be more willing to negotiate the price of the extended warranty. Another negotiating point will be how you pay for the extended warranty. If you make the purchase when purchasing the car, you can negotiate rolling that cost into any financing rather than paying a lump sum charge.

You do not have to purchase an extended warranty at the time of your car purchase. Many policies can actually be purchased after the original manufacturer's warranty expires, however, there might be a penalty cost.

Regardless of when you purchase an extended auto warranty, go online and research different price options, policy coverage and duration before going to the dealer or talking with a third party company about purchasing an extended auto warranty. The more prepared you are, the more you can save.

Go To Reviews >

Top Consumer Reviews Articles

TopConsumerReviews.com 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.


Auto Warranty In The News

Pro golfer's car engulfed in flames on Central Florida highway, prompts others to call for help

The 30-year-old tour pro's car had recently been called in under warranty to replace the engine. Days later, Mack found himself in a nightmare scenario with his life in danger on a Central Florida hig...

Published:  Sat, 17 Nov 2018 18:30:00 GMT



AutoNation On-Demand Used Car Subscription Service Bundles Maintenance, Insurance

Consumers can shop and sign for a car directly through the Fair app from anywhere. Every Fair car comes with a limited warranty, routine maintenance, and roadside assistance included. Consumers can ad...

Published:  Sun, 18 Nov 2018 22:04:00 GMT



Should you buy the actual cars auto journalists have tested

I would seek out an ordinary off-lease car under a Certified Pre-owned (CPO) program. It will have had a normal service life, had the bugs complained about and fixed by the original lessee, and be und...

Published:  Thu, 15 Nov 2018 09:00:00 GMT



Can You Lease a Used Car

CPO vehicles come with additional bumper-to-bumper warranty coverage and other perks that can make your cost of driving more predictable. Good Candidates for Lease-End Purchase: At the end of a used-c...

Published:  Thu, 15 Nov 2018 11:52:09 GMT



Do Banks Require a Service Contract For a Used Car

However, a car can have cosmetic issues ... It's possible there is a defect at the factory and the warranty would kick in. Also, I'm not sure how your service would be impacted by a lawsuit ...

Published:  Fri, 16 Nov 2018 06:13:00 GMT



Car review: Little Hyundai Kona big on extras

The 2018 Kona, Hyundai's new subcompact crossover SUV, stands out in one of the hottest car segments to emerge over the past ... 100,000-powertrain warranty is hard to ignore.

Published:  Sat, 17 Nov 2018 01:22:00 GMT



Amazon Discounts Smartphones, Car Charging Accessories, and More for Today Only

Amazon Discounts Smartphones, Car Charging Accessories, and More for Today Only. These deals are for today only, so make sure to get on these immediately. LG Electronics LGUS998U V30+ Factory Unlocked ...

Published:  Mon, 12 Nov 2018 08:03:00 GMT




- View Full Site -